“United States” to Imperial America: Our Hidden Empire
- Thread starter MCP
- Start date
That pretty much sums it up . . .
EXACTLY! ANA NAVARRO: Trump has gone FULL LOCO and the world is laughing at us... LOVE HER!!!
As further evidence:
President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House,
Wednesday, Aug. 21, 2019, in Washington. (Alex Brandon/AP)
Trump ‘hereby orders’ US companies to pull out of China
and eviscerates Fed chairman in a tweet — stocks plummet
and eviscerates Fed chairman in a tweet — stocks plummet
President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House,
Wednesday, Aug. 21, 2019, in Washington. (Alex Brandon/AP)
A livid President [King] Trump said he “hereby ordered” American corporations to prepare to leave China on Friday — capping a Twitter outburst against the trade war rival and Federal Reserve Chairman Jerome Powell that sent markets into a brutal tailspin.
The president warned companies that they must “start looking for an alternative” after China announced a new round of tit-for-tat tariffs.
Trump cannot legally bar private companies from doing business in China, but he can make such operations prohibitively expensive by raising tariffs even higher or imposing other onerous regulations.
His shrill proclamation send shivers through global markets with the Dow Jones Industrial Average plunging by 500 points, or more than 2%.
Trump laughed off the tumult in the market, jokingly blaming the steep drop that wiped out billions in asset values on the withdrawal from the 2020 presidential campaign of little-know Democratic Rep. Seth Moulton (D-Mass.)
Trump also tore into (HIS) Federal Reserve Chairman Jerome Powell on Friday as a “bigger enemy” than China after the central banker pointedly warned in a speech that he could not undo the damage from Trump’s signature tariffs.
Trump accuses the Fed of failing to stop a looming economic downturn that could doom his 2020 reelection bid.
The president warned companies that they must “start looking for an alternative” after China announced a new round of tit-for-tat tariffs.
Trump cannot legally bar private companies from doing business in China, but he can make such operations prohibitively expensive by raising tariffs even higher or imposing other onerous regulations.
His shrill proclamation send shivers through global markets with the Dow Jones Industrial Average plunging by 500 points, or more than 2%.
Trump laughed off the tumult in the market, jokingly blaming the steep drop that wiped out billions in asset values on the withdrawal from the 2020 presidential campaign of little-know Democratic Rep. Seth Moulton (D-Mass.)
Trump also tore into (HIS) Federal Reserve Chairman Jerome Powell on Friday as a “bigger enemy” than China after the central banker pointedly warned in a speech that he could not undo the damage from Trump’s signature tariffs.
Trump accuses the Fed of failing to stop a looming economic downturn that could doom his 2020 reelection bid.
.
Trump claims he has 'absolute right' to order US companies out of China under 1977 law
By Veronica Stracqualursi, CNN
Sat August 24, 2019
Washington (CNN) — President Donald Trump claimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
On Friday, China unveiled a new round of retaliatory tariffs on about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."
When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in a Friday tweet wrote: "For all of the Fake News Reporters that don't have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!"
Trump's latest comments again raise questions as to how far the President's authority goes under the IEEPA. In May, Trump threatened to slap Mexico with punitive tariffs unless it slowed the passage of migrants from Central America to the US. The IEEPA, according to the Congressional Research Service, has never been invoked to impose tariffs, and bTrump ultimately drew back at the last minute.
The IEEPA, passed in the wake of Watergate and Vietnam, gives Trump "broad authority to regulate a variety of economic transactions following a declaration of national emergency," according to an analysis by the CRS.
Those presidential powers can be used "to deal with any unusual and extraordinary threat....to the national security, foreign policy, or economy of the United States."
Under the IEEPA, the President has to consult with Congress before invoking his authority and, after declaring a national emergency, send a report to Congress explaining why.
This authority has been used frequently; there have been 54 national emergencies, 29 of which are ongoing. In the first use of the IEEPA, during the Iran hostage crisis in 1979, President Jimmy Carter imposed trade sanctions against Iran, freezing Iranian assets in the US, according to CRS.
Stephen Vladeck, a law professor at the University of Texas and a CNN legal analyst, told CNN in May that what Trump wanted to do under the law with Mexico may have been within the authority given to the White House by Congress -- though it might not have been what Congress ever intended.
"The idea behind these authorities is that the President is better situated to make those kinds of determinations than Congress, especially when they're time-sensitive," Vladeck told CNN at the time. "So I think the President's conduct may well be within the letter of the law here. But, as with the National Emergencies Act, I very much doubt this kind of exercise of the authority conferred by the statute is what Congress had in mind."
On Saturday, Vladeck again weighed in, tweeting: "One of the enduring phenomena of the Trump era is going to be the list of statutes that give far too much power to the President, but that many didn't used to worry about—assuming there'd be political safeguards. Today's entrant: The International Emergency Economic Powers Act."
Under the law, though, Congress can end an emergency with a joint resolution.
Former Massachusetts Gov. Bill Weld, who has mounted a longshot bid against Trump for the 2020 Republican presidential nomination, called it "outrageous" that a US President would tell US companies how to conduct business.
"That he believes he can actually carry out such an outrage is the insanity of a would-be dictator," Weld tweeted Saturday.
https://www-m.cnn.com/2019/08/24/po...-powers-act/index.html?r=https://www.cnn.com/
By Veronica Stracqualursi, CNN
Sat August 24, 2019
Washington (CNN) — President Donald Trump claimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
On Friday, China unveiled a new round of retaliatory tariffs on about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."
When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in a Friday tweet wrote: "For all of the Fake News Reporters that don't have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!"
Trump's latest comments again raise questions as to how far the President's authority goes under the IEEPA. In May, Trump threatened to slap Mexico with punitive tariffs unless it slowed the passage of migrants from Central America to the US. The IEEPA, according to the Congressional Research Service, has never been invoked to impose tariffs, and bTrump ultimately drew back at the last minute.
The IEEPA, passed in the wake of Watergate and Vietnam, gives Trump "broad authority to regulate a variety of economic transactions following a declaration of national emergency," according to an analysis by the CRS.
Those presidential powers can be used "to deal with any unusual and extraordinary threat....to the national security, foreign policy, or economy of the United States."
Under the IEEPA, the President has to consult with Congress before invoking his authority and, after declaring a national emergency, send a report to Congress explaining why.
This authority has been used frequently; there have been 54 national emergencies, 29 of which are ongoing. In the first use of the IEEPA, during the Iran hostage crisis in 1979, President Jimmy Carter imposed trade sanctions against Iran, freezing Iranian assets in the US, according to CRS.
Stephen Vladeck, a law professor at the University of Texas and a CNN legal analyst, told CNN in May that what Trump wanted to do under the law with Mexico may have been within the authority given to the White House by Congress -- though it might not have been what Congress ever intended.
"The idea behind these authorities is that the President is better situated to make those kinds of determinations than Congress, especially when they're time-sensitive," Vladeck told CNN at the time. "So I think the President's conduct may well be within the letter of the law here. But, as with the National Emergencies Act, I very much doubt this kind of exercise of the authority conferred by the statute is what Congress had in mind."
On Saturday, Vladeck again weighed in, tweeting: "One of the enduring phenomena of the Trump era is going to be the list of statutes that give far too much power to the President, but that many didn't used to worry about—assuming there'd be political safeguards. Today's entrant: The International Emergency Economic Powers Act."
Under the law, though, Congress can end an emergency with a joint resolution.
Former Massachusetts Gov. Bill Weld, who has mounted a longshot bid against Trump for the 2020 Republican presidential nomination, called it "outrageous" that a US President would tell US companies how to conduct business.
"That he believes he can actually carry out such an outrage is the insanity of a would-be dictator," Weld tweeted Saturday.
https://www-m.cnn.com/2019/08/24/po...-powers-act/index.html?r=https://www.cnn.com/
- He's really mad with Fox not doing his bidding.
By BRIAN NIEMIETZ
NEW YORK DAILY NEWS |
OCT 03, 2019 | 7:55 PM
US President Donald Trump appears on a television screen. (SAUL LOEB/AFP/Getty Images)
Watch out Fox News — President Trump is flirting with cutting out the middleman and starting his own TV station.
The president told reporters Thursday that his team is kicking around the idea of launching a news outlet that will report on him the way he wants to be reported on. Trump’s comment was in response to coverage CNN and other networks have covered news of a recently unearthed phone conversation he had with newly elected Ukranian president Volodymyr Zelensky in which he leans on the foreign leader to dig up dirt on former vice president Joe Biden, who is the early favorite to challenge Trump in the 2020 presidential election.
"CNN is a voice that seems to be the voice out there. It’s a terrible thing for our country,” Trump said during a rally in Florida that was mostly about Medicare. “We ought to start our own network and put some real news out there, because they are so bad for our country.”
The president has recently expressed frustration over media outlets chasing stories about his possible impeachment, while not giving credence to his own conspiracy theories about the Ukrainian government trying to help Democrats win the 2016 election, as well as allegations that Joe Biden had shady dealings with officials in that eastern European country. CNN announced Wednesday that it would not air a 2020 Trump campaign ad advancing some of those narratives, which they concluded “have been proven demonstrably false,” according to the Daily Beast.
“We’re looking at that. We should do something about it, too,” Trump said about his plans for a state-run news network. “Put some really talented people and get a real voice out there, not a voice that’s fake.”
RELATED GALLERY
(Chip Somodevilla / Getty Images)
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Donald Trump in the White House
There was buzz of a Trump TV taking root if the former “The Apprentice” star didn’t win the election in 2016, but that died down after the 73-year-old Queens native pulled off the upset Electoral College win. Breitbart News chairman Steve Bannon, who worked for Trump’s campaign and his administration, fueled that rumor by simply answering “Trump is an entrepreneur” when CNN asked if the Republican nominee might start a TV network if politics didn’t pan out.
The Financial Times first reported trump’s nephew, Jared Kushner, was holding meetings with major media players to discuss a Trump television outlet in the period leading up to the election.
While Fox News frequently helps Trump craft and advance his message, the president has been known to lash out at the conservative media outlet when it challenges him.
“We have to start looking for a new News Outlet,” Trump tweeted in August. "Fox isn’t working for us anymore!”
