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OT: American Politics

As read on r/conservative (paraphrasing several posts)

If he can stop talking about tariffs, Canada, Greenland and the 3rd term thing his presidency is perfect so far.

He has surrounded himself with losers and morons and I am sure they are putting him up to all this.

If he just shut up he’d be a great leader.

Just Lol.
 
lecoqsportif said:
That equation is… apples and bagels indeed. It doesn’t contain mistakes per se, it contains non-sequiturs. Why does it have elasticity parameters for variables that aren’t in the equation? And why is the left hand side expressed as a delta when the right hand side is a level?
Click to expand...

I mean, if those couple parameters were actually things that they varied per country, the equation would have some sense. If you determine that Taiwan's exports are more or less price sensitive to tariffs, then you could adjust the rates that way. Heck, even if they picked multipliers that multiplied to like 1.2 or 3 or 2.67223 or some other random value, it would have taken people more than like 20 minutes to reverse engineer them. As it is, and as usual, they basically did things in the dumbest way possible, and I bet they think they're real geniuses because it worked out to such round values.
 
UWHabs said:
I mean, if those couple parameters were actually things that they varied per country, the equation would have some sense. If you determine that Taiwan's exports are more or less price sensitive to tariffs, then you could adjust the rates that way. Heck, even if they picked multipliers that multiplied to like 1.2 or 3 or 2.67223 or some other random value, it would have taken people more than like 20 minutes to reverse engineer them. As it is, and as usual, they basically did things in the dumbest way possible, and I bet they think they're real geniuses because it worked out to such round values.
Click to expand...

Yah but the equation says that US demand elasticities (which they’ve mooted anyway by multiplying 4*.25) are what determine trade policies in foreign countries. It’s barking mad. All those countries post their import tariffs publicly, so resulting difference from that is determined by US income.

It’s insane. Total non-sequitur. Apples and bagels to calculate mortgage rates.
 
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