[Mega] MAGA Super Trump Mega Thread

coombz said:

They could just go after the people who hire illegal immigrants instead so less people actually want to migrate.

This simple truth illustrates the actual motivation behind GOP anti-migrant rhetoric and policies. You immediately are forced to realize that the GOP doesn't actually want to eliminate illegal immigration; what they actually want to do is keep the bargaining position of illegal immigrants when it comes to getting jobs and services as low as possible, so they are as easy as possible to exploit with shitty wages, shitty treatment, no safety standards, no legal recourse, and so on, because of a constant fear of being deported.

If illegal immigrants are granted amnesty and legal status, the first and most immediate effect it would have is employers would have to pay them more and treat them better to retain their labor because they would lose their fear of immediately being capriciously deported. This would be great for most American workers too of course, because a raise in wages at the bottom end would push wages up across the board. It's critical for the business wing of the GOP to therefore continue to try to pit average American workers *against* illegal immigrants with economically nonsensical and largely fear and ignorance based rhetoric.

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LGBR said:

all of this can b avoided by legalizing rape

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naptown said:

when i found out olyvia wilde was a jew it broke my heart

not jokin

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Captain Tele said:

same here

saddest day of my adult life

she was my chosen one

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We consulted Ocasio-Cortez seeking comment but have yet to hear back. However, not did we find no record of her having made such a statement, the phrase itself is a misstated version of a much older phrase with unclear origins.

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phaytal said:

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Chinese steel production is the 800-pound gorilla in the industry. China accounts for roughly one-half of total steel capacity world wide. Even with U.S. tariffs impacting the direction of trade flows, Chinese producers still export nearly 70 million tons annually. Total U.S. production is about 90 million tons a year.

And steel is very much a global market. The U.S. is “short” steel. Even with domestic mills running at about 80% of capacity the U.S. need to import about 30 million tons of steel.

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All the global complexity has left U.S. Steel stock cheap. The entire company trades for about $300 per ton of productive capacity. That’s about half of what Steel Dynamics (STLD) is spending to build a new electric arc furnace. Comparing steel facilities can be tough because facilities use different technologies and produce different products. However, the fact that U.S. Steel is trading for at least a 50% discount to replacement cost remains valid.

When considering if U.S. Steel stock is a value or a value trap based solely on replacement costs, don’t forget the world is awash in steel capacity. The World Steel Association estimated there were 750 million tons of excess capacity in 2016. That’s over 30% of 2016 steel demand.

Don’t forget about energy exposure, too. U.S. Steel’s tubular division is dedicated primarily to energy production and accounts for about 8% of company sales. That’s down from 18% of sales in 2012. Oil prices are down nearly 30% in the forth quarter.

For all the government help, steel stocks just can’t catch a bid. Of the 13 stocks in the S&P 1500 steel sub index, all but one are down year to date by an average of nearly 25%. Steel stocks have offered hyper-charged leverage to trade news, but they’ve also illustrated why it’s frustrating to invest based primarily on government policy.

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