By Trump's logic, I have a massive, massive trade deficit with Safeway. I buy all manner of goods from them, but they have purchased NOTHING AT ALL FROM ME FOR OVER 30 YEARS NOW!!! To fix this, I will now tax myself every time I buy something there. That'll show them who's boss!
But Safeway was never in a position to buy anything from you, unless you are a food producer or distributor. You are just the end user. China, can and does buy US made goods. Just not nearly as much as we buy from them. Plus, they do also cheat and steal ideas and don't honor patent laws or intellectual property. Case in point, you can see right now for your very eyes: www.kickstarter.com/projects/908228738/finalstraw-the-worlds-first-collapsible-reusable-s The Final Straw was a concept by this American based start-up. They ran a successful campaign, and have an innovative product. A foldable metal straw. Well, no sooner than a week after their campaign closed, were copycat products for sale on Amazon, straight out of China. Copied even their marketing photos, slogans, and even the case design. And they are already shipping months ahead of the American company. And to top it off, there's even knock-off companies warning about other knock-offs of the same product. www.amazon.com/Stainless-Keychain-Collapsible-Reusable-Beststraw/dp/B07DJ66PB1 Trump may not know the nuances of global trade and economics... but he is right about one thing... the sleeping giant is slowly taking over nearly every industry. And they did it not through innovation and hard work, or allowing their populous to be free and democratic, or having a thriving economy that was born out of the free market making the decisions. But through nefarious means, lying, stealing and cheating... all while ignoring the plight of their people and continuing to use it's populous as dutiful work slaves, building the empire of China.
Eco Mouse, that FinalStraw story is just a great example of a poorly thought-out marketing plan. I mean, did they even have a patent? Such a simple concept was doomed to get copied! Crowdfunding the project was just idiotic, they should have kept it as secretive as possible until proper manufacturing and distribution channels were established, advertising was prepared to launch and the product was ready to go to market.
I was introduced to john oliver im my first year at college by my sociology teacher when we were going over a chapter on religion. I failed that class lmao but it changed my life
He does sound frighteningly like Michael Scott at times. Like, the joke in The Office is that Michael is so OBVIOUSLY incompetent... And now he's basically the president. So weird.
- Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Huh? - Trade with Europe? - Ah ok I'll trade with Europe then
@Taine de Jong You can't trade exclusively with Germany because Germany is part of the EU and waived their rights to set their own trade policies to the EU, along with 26 other countries in the EU. As a result, if you want to trade with any of those 27 countries, you need to talk to the EU, not them, themselves.
@@adrianhutabarat1736 When the Brexit campaign first tried to create their argument and later their plan after winning, some of them actually said we could circumvent the EU and just have direct trade relationships with the bigger nations like Germany and France. Which... No
"Well if Germany doesn't want a deal with the US then we will just make a deal with the EU. Your loss Germany." -Trump "Who the fuck voted for this guy?" -Merkel
I work for a manufacturing company whose primary material is metal. We have had to increase our costs due to tariffs. A vast majority of our customers are obviously not happy with the increase, so they have been buying products from a manufacturing plant in Mexico. What a brilliant idea!
I think Trump's idea was to stimulate domestic extraction and processing of metals but he forgot to subsidize local industries to put them on competitive cost level with developing countries
I'll bet Trumps Daddy bribed Little Donny's way into the Wharton Finance school with a big donation, why else would Little Donny not want his high school records made public?
McKenna Burns Actually... Aluminum is used only in US and Canada while aluminium is preferred spelling everywhere else. It's just consistant with names of other elements in periodic table.
I run a trade deficit with my grocery store. Every week I pay them money and instead of giving me money back they give me food. I should stop going to the grocery store, think of how much money I'd save.
Fulcran they are ripping you off and if you aren't careful you are getting invaded. Over your house will then fly the flag of the Peoples' Grocery Republic of China!
It only works because I have a trade surpluse with my employer. With whome does the US have a trade surplus big enaugh to pay for the bills? Nobody, because otherwise we wouldn't have a trade deficite.
@@trickrunner4842 Nah, it is definitely a thing that is taught as being a very good thing that happened. We even have a whole political party dedicated to cosplaying the event
Fun fact about Trump's rants on German cars flooding the American market: When asked about it, then-German Federal Minister for Economic Affairs, Sigmar Gabriel, just responded that Americans should "make better cars then".
nafia morris Making better cars and making better people is not even on the same ball park. Read your sentence again and see if you even had a logical point there. What kind of a statement is "make better people"? what are you a child? Caring about who breds with who is such a loser me mentality. Get laid, son.
"The tax cut gave me X amount of money on my tax return!" And the annoying but classic: "The economy is better than ever!" 1: tax cut gave you temporary breadcrumbs while the 1% get the biggest permanent cuts. 2: Obama brought the economy back up from the recession, the economy was already strong before Trump inherited it. Stop fooling yourself, this is REALITY, people are hurting and your family and kids will be affected.
Ugh, his "writers" are just comedians, one of his main writers came from college humor for example. It's disgusting that people take this show seriously. It's a comedy show masquerading as a knowledgeable current events program. They take a subject an average person is uneducated about and reaffirm their preconceived thoughts on the subject, instead of dedicating the countless hours it takes to completely understand a topic enough to come close enough to the truth. This piece sounds correct to you because you have no knowledge about China or trade, neither do his writers. They often take 15 second soundbites and take it out of context to create a narrative you already agree with. This show has done immense damage because it has given average people a sense of truth, when their show is merely a projection of truth based on the sheltered and uninformed perspective of people who tell jokes for a living.
i work in the steel sector (in Europe) in a company that sells more than half of their products to the USA. Trust me, we are on the edge of closing taking our USA partners and their customers with us.
@Michael Mercury Meh, they did a good job. But honestly there is just so much to talk about this topic, it felt like John is running a marathon to cram down whatever they can in 20 mins.
@@r.scottmacleod4564 he's not always right like he says Smirnoff is made with potatoes when it's a grain vodka smh (tho his main points are generally correct and he's hilarious)
My Dad co ran a business through all my childhood. I remember him giving me a bit of a life lesson by telling me, the only good "deal" was one where both parties walked away happy. To Trump, his whole philosophy is winners and losers. Real high school shit.
If for no other reason then that people will be more willing to do another trade when they benifitted last time, and that they will be more able to do buisness again when they profit
The only good deal is one where both parties walk away a little unhappy (ancient wisdom). Easy to criticize others especially when you don't know what ur talking about, very high school. Step it up son honor thy father. Not that Trump isn't a DB, just tired of people being misinformed and trying to change my world based on that info.
How is it a good deal when both directly involved parties are unhappy with the outcome? That is at best a compromise, Mutual benifit is a real thing youknow.
Operative word is Little not unhappy you are missing the point (respectfully). @@170adamb1or Americans Henry Clay. I'll give u a practical example: U buy an iPhone X, way tooooo expensive and you know it (so ur a Little unhappy) Apple is not disappointed by the sale at all but all things being equal they rather sell it at a higher price point (so they are a little unhappy). If you paid 100 dollars for the phone you would be very happy but Apple would go bankrupt, if apple charged 2,500 for their phone (they would be very happy) and they would go out of business. At the end this allows for best deal possible at the time assuring that neither party took advantage of the other and/or preventing disaster from soon following. Thanks for the conversation.
The biggest problem with Trump's approach to trade is that he's stuck in the zero sum game mentality. It's how he's approached his business dealings (and seemingly his whole life): every encounter, every deal has a winner and a loser. But that's not how trade is supposed to work. When you go to the store and buy something, do you always assume that either you're screwing the store over or it's screwing you over? No. As long as the sale was made in good faith and neither side pulled any dishonest shenanigans, you got something you needed/wanted and the store got some money. Everybody wins.
MrClickity in that case it doesn’t matter. China should let Trump think he won and win smaller on the side. I don’t get this argument. Trump wants more. Whether you call it zero sum or not doesn’t matter. Fold and give him concessions. What’s the problem here?
"Everyone knows that Trump doesn't know a lot of things but, occasionally, it's important to remember that he also doesn't know anything." That is just a masterpiece of a sentence.
I have a trade deficit with my supermarket. I give them money and they only give me my groceries at prices that are very low. So unfair! I am going to put a tariff on them, that I will have to pay. That will teach them!
Frankly, I don't like giving money to the counter, since the worker there is a no good n-- Yeah, that's seriously how that fucker thinks. Sorry to kill a good joke thread like this.
Now imagine that the supermarket managed to find a way to increase the price of the goods you sell for a living, and you end up selling less and stop being able to afford groceries.
I can't wrap my head around the fact that there are people who actually think the Trump administration is doing right by America. It's mind-boggling. The rest of the world aren't even laughing, we're cringing and hoping you guys come out of this ok in the end.
Carolyn Smith I honestly feel for you all right now. If's hard enough watching this happen from another country, I can't imagine having to deal with this as an American citizen.
The USA meddled in so many countries affairs and destroyed many opportunities, that it would have seemed like poetic justice if it weren't for the suffering of the other half of the USA, and the rest of the world. He is ruining the Earth.
@@Churro_Flaminguez it wasn't just that. I'm in PA, and know dozens of people who registered to vote just to vote AGAINST Hillary. Seriously if it was any other candidate they would not have voted at all. The problem is that democratic leadership somehow didn't get this. Now we have midterms and people like Rosie Odonnel tweeting support for people in key races without realizing that their support might be enough to send on the fence voters to the other side.
Cameron Mitchell It's because the media keeps saying that Donald Trump is a businessman. I had to remind my friend who is a business owner that Trump is a horrible business person. Let's say you build buildings and you screw over the people that frame the buildings, screw over the plumbers, screw over the electricians, how long do you think you can continue making buildings. Trump is a very good brander, but that is about it.
Faldegast How do you expect these US made products to be affordable, the resources would go up in price and tariffs by other countries would give American products no chance on the global market. It is basically a tax on your own people. Its Ironic how China shipping food to the US is a big problem while subsidized American farmers happily do the same to Central and South America. The US consumes more than it produces, thats why you have a trade deficit.
My point is That even though tariffs would decrease imports in the US, it would also decrease exports from the US. The tactic that the current administration is trying would only work if other countries wouldn't retaliate. Even worse is the fact that these countries will have to fight the US only in this trade war, while the US will have to fight a lot of big economical powers. Wich means they have a way better chance of finding a different market while the US would suffer the most. Also the difference in tariffs is not as big as portrayed by the Trump administration. There are numerous products where the tariffs in the US are actually higher. On average the EU's tariffs are not that far from the US, and Canada's average is lower than the US so i get see why Trump calls the EU "worse than China on trade" and why he is mentioning Canada at all. Dont get me wrong, i think China is a problem. But this is not the way to solve it.
I have an economics degree, and at no point during your many posts have you shown anything close to a knowledge of economics. Maybe someone who has watched some youtube videos and read a subreddit, but nothing even remotely resembling a substantiated economic discussion has been written here by you. I'm not sure how to even start assessing your point since it all just sounds like a rant by your weird uncle at Thanksgiving. Trade economics is extremely complex, and you are grossly oversimplifying cause and effect in your wild meanderings. If you want this confirmed for you, considering the breadth and complexity of what you are talking about here, I would recommend you read the complete syllabus of a 4-year economics degree, followed by a post-grad lit review of international economics, at which point I would consider you qualified and to have redeemed yourself enough to have an opinion on the matter. I award you 0 points and may God have mercy on your soul.
@ Good for you. Im just saying youre not making any sense, and ive studied economics. If youre saying on the ground experience guides you, good for you. But dont call it economics, its not. Maybe you should be the one dropping some sourcing and evidence, your the one who tried to make all the points
I know it was a joke, but Angela Merkel doesn't just speak German. She's fluent in English (as well as Russian) as her mother was a trained English Language teacher.
The body switch theory is really just a deep state sham to hide the fact that Trump killed her a while back for swatting his hand away. They then proceeded to replace her with a futuristic robot who, seeing the foolishness of the current government, will presumably in the very near future proceed to try to take over the US, then the world.
I think he was killed in a gas-leak induced explosion some episodes ago. The one about the Iran nuclear deal and right-wing stupid fearmongering about that.
“Fun” fact about Peter Navarro, he was my professor at UC Irvine, where he ‘teaches’ an online class based on his RUclips series of videos that is supposed to be about economics and trade with China. I had no clue about who he was or any of his books going in, I only knew it was a course that satisfied my management minor. But instead he made us memorize the amount of Chinese aircraft carries, the amount of potential mines in the water between China and Taiwan, how China might launch missiles at the US etc. There was NOTHING about trade policies at all, and yes he made us write an essay that basically had his zero sum game in mind, and discuss how American Fortune 500 companies with setups in China would be forced to move back to the US at some point. My essay basically proved him wrong, and I got a passing grade, and no comments. We also had weekly ‘blog posts’ where we would have to write about something that related to the class, which meant a lot of people got poor marks when they cited the benefits of US-China trade. That’s mostly because a lot of the students in the class were Chinese international students who were also confused by the objective of the course, and didn’t understand how completely tone deaf he seemed to be. Anything that went against him he COMPLETELY ignored and pretended wasn’t handed in. My friend even ended up failing the course despite doing more than enough work and handing in all their work on time, purely because they criticized the contents of the course. He has tenure and emeritus status, so he’s basically impossible to get rid of, and I’m assuming he’ll come prancing back on his high horse to keep on doing his propaganda course as soon as trump is out. Hopefully he loses his status, funding, or right to teach a class, but who knows...
I'd suggest students get together to organize demonstrations and press for the firing of this utter charlatan, but I fear the rightwing cavemen would cry "SJW safe space" all day long.
c4ss4e4d, basically he’s a xenophobia who afraid of every foreigners especially china. Did he realize it was russia who manipulate usa election? Yes, china stole intellectual properties, but no where as evil as an politic manipulator.
You won’t succeed in turning this into a partisan issue. Across the political spectrum, from Schumer and Bernie to Rubio and Trump, all recognise China as the threat it is.
I can say with certainty, rewer, that I don’t hate Chinese. I am half Chinese myself, and I’m actually in Asia visiting relatives. Oh, and Australia and New Zealand? Heard of them? Yeah, more successful than Russia. China views Russia as the bumbling idiot, to distract from its own efforts.
Holy crap. Was that Martin Sheen narrating Navarro's documentary??? Martin "President Bartlett, the president we all wish we had right now instead of Trump" Sheen?!
In fairness, Sheen also played a _bad_ president, "Greg Stillson", in 1983's "The Dead Zone." Stillson is a sociopath who climbs politically using blackmail and, in the main character's psychic vision of the future, is elected president and starts World War III. The main character decides to assassinate Stillson to prevent this, but Stillson grabs a baby to use as a human shield and, though he survives, is politically destroyed in the process. Actors, man.... work is work.
WHB JR no, no, that would mean every republican and most democrat candidates would have to drop out, and someone actually qualified for the job would become president.
That could become like poll tests, essentially a way to block people from the political process. I get where you're coming from, but in practice that would become deplorable.
I still think it's hilarious that he keeps bringing up the Wharton School of Finance. The only thing that is prestigious about Wharton is their MBA program, which he didn't have good enough grades to get accepted to even being an undergrad alumni. One of their retired economics professors made a big splash because he referred to Donald Trump as the dumbest student he had ever had in 30 years of teaching. This was before he ran for election. People in business don't think Trump is impressive or even someone who's trustworthy to do a deal with. His cult-like following on the other hand... Let's be honest, the best success Donald Trump has ever had was in a Domino's commercial.
T Lee I'd say it's prestigious if you merited to be there. But, in Trump's case, one of his biographers, Gwenda Blair, wrote that he transferred in because of a favor to his brother Freddy. He only went for two years.
So true, I think I have seen through a few top executives the company I worked for for a couple of decades. Some of them are air heads with a big mouths.
@@robertnett9793 I'm just referring to the fact that John Oliver said Angela Merkel had to fire her translator because he/she must be translating Trump wrong, but Angela probably didn't need a translator to know Trump's just a baffoon.
I live in Alabama; yes, _that_ Alabama, I know that's not the most credible opening line to making any point. But Alabama used to be an aviation state; it made a lot of successes, and some mistakes, but the business eventually flowed elsewhere...that is, until we fought tooth-and-nail to get it back here. We finally have some steady business going with Airbus and the like, and we had to spend a premium to get them to consider us; the problem is, with the recent trade 'disputes,' there are rumors that they're considering the cost of doing business with us to be too high versus the overall benefits. Considering aviation and anything within that ballpark needs raw resources like, for example, *the ones that these tariffs are hitting as brutally as they are,* then that's not just bad for Alabama, that's bad for _any_ state where these kinds of business help the economy thrive. Alabama's finally becoming an aviation state again. We've gotten our pride back. But these short-sighted 'disputes' are gonna hurt us, and hard. Bear in mind, I live in a state where a lot of the people who may very well lose their jobs _voted for this man._ I'm sick to my stomach thinking about how they're getting fucked over like this.
EU and US economic ties are so intervened that there are endless amounts of companies affected, but never thought about Airbus and Alabama. That would be unfortunate for both Alabama and Airbus as they have been looking to extend production over there.
The one thing John Oliver did not mention is the steel coming from China and many other countries is subsidized and is being dumped on the market. Therefore the trade isn't really fair to American steel producers so the tariff is to protect them in an unfair market. I don't know why John didn't mention that, but it is relatively well reported. Also, why should I care about your made in America airplanes when you clearly don't care about American steel? You are just as bad as the people you are pointing fingers at.
This is a classic case of not paying attention in class, you should have paid more attention, this man did not ironically turn into the pussy grabber after inauguration day, a lot of people where crying foul long before he came to be as he is now and all we got was libtard thrown at us and then told to leave America. You know, people should really learn that when they stick their junk in places it doesn't belong, bad things happen, so if you don't care for politics and do not pay attention to them, maybe don't vote because this is what happens....
You guys are 🧠 brainwashed. Its really frightening. You are only listening to one side of the argument that is insanely bias. Seriously, we need to understand eachother ... left and right. Calling eachother idiots, when you are just as dumb is not helping anything. That is the real idiocracy. Im talking to you Lefties !
When John was talking about the BMW factory he also could have taken Mercedes' factory in Tuscaloosa. About 10 years ago the dad of my girlfriend moved there from germany to help expanding the factory because Mercedes released a lot of new cars since then. As far as i know the factory itself employs 3.000 people and another 7.000 jobs depend on the MB factory (those people work for smaller companies that produce and deliver parts). I recently talked to her dad and he said that if these taxes and tariffs keep rising the production costs will reach a too high level, so Mercedes will be forced to move their production to China. Good Job Trump.
It fucking sucks Trump's hate-boner for Merkel destroys decades of mutually beneficial trade relations between our countries. All because his German branch of the Trump organisation went under. en.wikipedia.org/wiki/TD_Trump_Deutschland
So then Donald's irrational hatred for Germany and its imports is because he couldn't keep reliable business with them? That is possibly the Trumpiest explanation I could have expected.
These other countries have to realize that Trump wont be around forever. I think it would be shortsighted to move a multi-million dollar factory for a guy that is only going to have the job for another 3 years, hopefully. No other sane president is going to keep these tariffs. Even Creepy Pence wouldn't keep this insanity.
I live in Tuscaloosa!! It's so true that the Mercedes plant has done a great deal for our economy. My old high school actually has a trade program now to make it easier for kids to train and get a job there. I would hate for it to move somewhere else.
There are a couple of things in addition to Trump, which are troublesome. E.g. Germany wants to build NorthStream2, because it is of huge economical, ecological and strategic benefit. The USA tries to stop this project ever since. Nearly everybody is pissed off the by the USA torpedoing the Iran-Deal (this was not Trump alone) and the regime changes in the Middle east are not perceived well by a lot of European citizens (it led to the refugee crisis). Coming back to the Iran-Deal the if the USA continuous to succeed to enforce US-Sanction on EU-Iranian business relationships the EU may have to make sure this cannot happen again, because it's citizens may be demanding it. It is not acceptable that the US is able to enforce US-Law on EU-Companies. This is a huge long therm risk the US is taking here. The US is pissing off some very valuable allies at the moment and needs to be very carefull to not step over the point of no return. After each act of Donald Trump the transatlantic faction is pronouncing how important the USA are as allies and partners and so on ... and the pro Russia faction is rolling on the ground, laughing. The mood is swinging to looking for reliable partners. And the opinion to make the EU independent of the NATO is a lot more appealing for more people now.
Not only does BMW built the X3, X4, X5, X6, X7, X5 M, and X6 M in South Carolina, but Mercedes-Benz builds several models in Tuscalosa, Alabama, and Volkswagen builds cars in Chattanooga, Tennessee, and has done since the 1970s. These are all states that support Trump, and if he in any way hurts their relationships with these automakers, then he might loose many more supports than he has. Not only does it hurt us, but it’s gonna hurt him.
Actually Almost ALL foriegn automakers have plants here to avoid tarrif issues. There's alreadyba sort of vehicle tarriff, but they call it something else.
You are assuming those US autoworkers have enough common sense to understand this basic economics lesson, and possess a 20+ minute attention span needed to grok this video. Most people in Greenville, Tuscaloosa, and Chattanooga are hard core Trump fans and they will continue to support him even after he is removed from office.
CarReviewer what? And I thought german automakers produce all the cars they sell around the world here in germany. Amazing that there are other places in the world with other people who are having jobs too!
Wouldn't it be a kind of a poetic justice that someone that wholehearted and blindly supported Trump enda up losing his/her job exacly because of Trump's ineptude? Yes, many more people will suffer the consequences of Trump's choices, and the problems he is creating will take a long time to be solved, but on that particular case of Trump's voters, I feel a little happy about, even if also a tad cruel.
Donald Trump is proof that, as long as you are born with enough money, you can live a long life of never knowing how money works at all, and still have all the money.
@@MostlyPennyCat Money and economics are related the same as brain chemistry is to psychology. Plenty of rich people don't understand economics and plenty of people who understand economics aren't rich.
@Julie W. I appreciate your civility but I have no idea what you are talking about. The field of economics is generally divided into micro and macro. "Personal economics" is not a thing. Personal finance which is a branch of accounting (aka the nature of money) is loosely related to economics, but they are distinctly different fields.
It is a huge issue, along with carbon overuse, plus chemical or fertilizer dumping into the oceans causing toxic algae mats for many acres of ocean. We need to stop those very fast.
Trump is (willfully) ignorant about a great many things. However, people sometimes make the mistake of assuming that everything he does is just stupidity and ignorance. It isn't. He has a plan, and it ends with him as dictator of a white supremacist America. Donald Trump has one true skill- as a con man. He's good at playing the media and the political system for personal gain. Never forget that, and never underestimate the threat he represents.
Oh, I see what's going on, John... when the Olsen Twin makes a fake sister by flash-stepping, she's a dangerous monster misleading the world, and you will _not rest_ until her deception is exposed... But when *_YOU_* do _the exact same thing_ to create Steve Mnuchin, *_you're_* what we get _if Mother Theresa Fucked Jesus...!!_ _Piece of shit rat-faced Hypocrite..._
Do you respect and support the LGBT community? If so, please respect a person's right to choose their own name too. Hate him for whatever you want, insult him if you feel that helps, but let's keep respecting an individual's right to self determination.
THIS IS THE ACTUAL NEWS NOW!...Greed and profit agenda networks don't tell the truth unless it fits their agendas. It's not so much fake news as it is "steered" news which they spin doctor to fit their profit chances.
This is why John Oliver is a genius. He can simplify any complicated subject so that anyone can understand. Unfortunately there are those who will refuse to listen to it.
@Ash Kitt economics itself is a pseudo science predicated on self serving confirmation bias. Democrats sell out, but so did the hippies when they cut their hair and took jobs at daddy's corporation to build mansions on the seashore.
ruclips.net/video/etkd57lPfPU/видео.html The fundamental solution of Führer Trump's entire presidency. [I'll even supply the chainsaw, but will need to make sure the chain is very dull first, for Trump the Traitor.]
"Everyone knows that he doesn't know a lot of things, but occasionally, it's important to remember that he also doesn't know anything." I am going to use this in everyday conversation, moving forward.
We can always hope he Indiana Jones'd it and somehow managed to run away just before the blast got him or hid in the fridge that somehow protected him.
It didn't work for the Iran deal, why the fuck would it work for this? and yes they actually did buy adspace on xFinity, Spectrum and COX cable lines as well as Dish and DirectTV for the DC/Baltimore area, saw it myself air at around 9am and 11am
I honestly thought that's what he was gonna do but this video is ok too. And Sam Hyena, there's tons of "safe space" people watching fox besides Trump, maybe they will finally realise what an idiot he is.
You gotta imagine that around the 5th time Merkel said trade with the EU she turned to her translator and the translator said "yeah this guy just isn't getting it."
Trump: "Who doesn't have a BMW?" That was a rhetorical question because he knows everyone has one or two lying around as a backup car. Certainly everyone who attends a Trump rally, right?
@@TMRhyno ..AND the magnificent take downs by Stephen Colbert. How can Trump be so resistant to both common sense and the real narrative about him in ANYone with an average or better IQ ?
Really? I can't even watch late night shows anymore.. (Mock everything about Trump and hope your viewers aren't seeing the real news stories they mocking, just Cnn and msnbc version). Every platform of every show every day since Trump threw his hat in the campaign
Holy cow Paulina, You are soooooooo beautiful. P.S. now that I've typed that, I realize it seems a bit stalkish. I mean it purely as a honest compliment.
The only thing that would make John Oliver more on fire is if he had facts and wasn't just reading what writers presented him. Oliver is 100% wrong on trade according to Obama's staff btw. And citing merkel? You're attractive if nothing else. I understand the left doesn't have balls which explains eric's apology. eric. Lol.
To be _slighty_ fair, most of the richest people in America are completely ignorant as to what the rest of America goes through. Not *really* the richest people's fault, but still, yes... how aggravating
"Who doesnt own (or at some point survived in) a honda civic or toyota (Corolla or Camry) held together by ductape because those engines don't die but the cities we live in beat the crap out of the bodies of cars."
The whole idea of trade is not a "zero sum game" but rather an "everybody benefits" scenario. Anyone who took a high school economics course is familiar with this example: Say there is a country that specializes in making a food item (let's just say butter) while another specializes in making an appliance (let's say a toaster). Both countries make both products, but the reason why they would trade the product they specialize in is to gain more of the one they don't, which benefits both country's economies in the long-run. If they both had this mentality of a "zero sum game" then neither country would be willing to trade their item and just expect the other country to give them the other product for no reason, which is not how trade works. This is essentially something President Trump never considered or understood about basic economics (in addition to things like retaliatory tariffs), and it still amazes me when people argue that he is a good businessman or understands the economy, despite the fact he went bankrupt 6 times.
Only issue is that a lot of strongman type leaders think the only strategies are ones that are fundamentally Zero sums games. Some of the less educated ones may not know the term, but" Me win big, you lose lots" is enough for them to understand. It seems like a lot of forms of society are increasingly moving toward ZSG as the only way to move forward, where compromise is seen as weakness and working towards a common cause together as outright treachery.
and how is US benefiting from a 280% Canadian tariff on milk products? imagine you have a big cow farm, where do you sell your products if at the entire Northern border it's fucking prohibited.
Jesse Torres You have a lot of comments here but I'm enjoying them. Quite curious, do you have a background in economics? Or just a fancy for the subject? Naturally, it's important regardless but most tend to keep to their own sphere in the realm of economic changes, such as the part about the steel worker in the video getting back his prior job so he was knowledgeable about global trade that benefitted him. The subject and full implications weren't of his interest/concern.
Fluffymiyster: I took an economics course in high school and a couple in college (graduated from TCU back in May), but I got a Bachelor in Liberal Arts Degree with a major in History. While I wouldn't describe myself as an expert in economics, I did well in the courses and have been paying attention to any news story about Trump's tax plans and economic policy since they impact American society as a whole. And, unfortunately, economics is not a subject most average people are aware of or care about, but it effects all of us in some manner, but we don't realize it until it is too late.
oh my god at 19:58 when all the knives stab the book there's a spoon that flies across the screen I JUST NOTICED IT AND NOW I CANT STOP LAUGHING HAHAHAHAHA
...Everyone knows, he doesn't know a lot of things... but occasionally it's important to remember that he also doesn't know anything. This quote should have been said by Socrates lol
bill: Yes, especially then. He has had access to plenty of women, but still craved Ivcaka, because, in his own words "She's almost six feet tall, and I happen to have created her." She is a human embodiment of one of his buildings. She's tall, has his last name, and was created (in part) by him. She is the ultimate fulfillment of his narcissism, a reflection of him, and that is why he wants her above all others.
@@Revanite001 But David Ricardo also said that comparative advantage only exists as long as capital ownership cannot transcend state lines, which is clearly not true anymore, so that argument is not really valid today, right? Also I somewhat get the frustration, considering that Trump only raised US tarrifs to the level of EU tarrifs (Here in the EU the Parlament was criticised because of their double standard on Trumps and their own tarrifs). Though I am not trying to defend Trump. He clearly is a buffoon and his tarrifs definitely shity.
@@filmliebhaber5283 That is not entirely right. All the tariffs are balanced. USA f.e. takes 25% on trucks >3.5to or 300% on tobacco products, and that goes over all products and products groups. It was agreed with WTO. Moving one item does not fix anything. You can negotiate a trade deal though. You might even give it fancy names like TTIP or so. 2.5% on cars made BMW build the biggest plant they have in USA. 10% on cars made Ford and GM build plants in the EU. There are more Fords in Europe than german cars in USA.
Dennis Nyh I can't believe i live in a rich country with food everytime i want it, nice parks, good Infrastructure, amazing social system and i fly every year at least one time through the sky and my main worry is, when the next Apple Watch is coming out... while on the other side of the planet people are starving to death, because they have no food or water. # by the way i live in germany.
Cheer up, now we have a real team of superheroes. It's The Colluders! Consisting of: Trade Guy, Liar Lady, Nothing Boy, Jesus Pleaser, Word Ghoul, Crime Nymph, Drunk Grandpa, and Daughter-Wife.
Lowest unemployment rate, great economy, jobs being created, tax cuts, my Hispanic community is improving greatly thanks to him and people call him racist
Google express gives 25% off on first purchase on all items... maybe we can order our president from there? Let's hope it's not made in china like everything else being sold because that would be just sheer irony
I think he might be healthy as a jumpstart to progress. He shines a spotlight on all the horrible shit parts of America and that energizes people to fix things, starting with congress. This cycle of crappy president, good president is getting tiring. Unfortunately only sociopaths want the job anymore.
My dad works at a church with one of the fastest growing youth programs in the country, and they were trying to raise money for an expansion to offer after school care and more classroom space. The project overall was going to be around $1,000,000, which they were able to raise through pledges and donations and some loans. However, when the trade war started, the price of steel jumped and the project suddenly became $1,250,000, which they could not afford. They now have to wait until the next election and hope that the price goes down. I can’t help but feel like Trump is actively destroying his reputation with his base supporters. EDIT: I’d like to add that my dad was a Trump voter in the elections (not because he liked him, but because he didn’t like either), but no longer actually supports him in office. Moderate conservatives are the ones Trump is loosing and I think that will hurt him in the long run. He won’t loose far right conservatives the same way democratic leaders won’t likely loose far left liberals.
Not really because all he has to do is blame Democrats and his loudest supporters will mirror it. It's hard to get through to people with the real facts when he is attacked 24/7 so they think it's all bullshit and don't discern fact from fiction. I do find it hilarious that somehow, in a government with all 3 branches dominated by the GOP, Democrats are still the cause for inaction. And people believe it.
In early 2007 during a rally the crowd started chanting lock her up. Trump's response, verbatim, "Nah! That plays well BEFORE the election. But now we don't care, right?" Openly admitting he scammed them with the email crap. Did he lose supporters? Of course not! Because it's a fact and facts are the enemy and so are anyone who repeats them. So if you think "I lost my job because of Trump's terrifs I guess I'll throw my Maga hat away." Will ever happen guess again. What you'll hear is "My boss laid me off because of the tarrifs proving he's a libtard! The factory shutting down is just conspiracy funded by Soros, Killery, and the Jews! MAGA!!!"
A couple of points: 1. "Dangerous Rock" IS really the first hit on Amazon. 2. When discussing the GDP it should be noted that since our GDP is the size of the next three largest GDPs combined, we have A LOT more money to spend, so unless we save or invest it, which we don't, we're going to have a deficit of some kind anyway. 3. If the goal of competing is to "create jobs," there are a number of other options. For example, that $1.5 trillion tax giveaway to corps and billionaires, the majority of which was poured into stock buybacks that benefited the investor class, could have been spent on single-payer healthcare, which would have reduced healthcare costs for employers, thus reducing the cost of hiring employees (though truth be told they probably would have used the savings for stock buybacks...). 4. Except for periods of recession, the unemployment rate was, is, and will continue to be low. "More jobs" is not the problem with the American economy. The problem was, is, and will continue to be that middle-class wages have been stagnant since the 1970s. You might be thinking "if companies were competing for labor because they are exporting more they'll be forced to raise wages," think again (and read more). Instead of paying for higher labor, they'll take the money and do what they've done since the 70s: move overseas or spend it on automation.
So if it took Merkel 11 tries to explain how we have to make a trade deal with the EU, we should assume Trump only needs 5 more bankruptcies to learn how to run businesses properly.
By Trump's logic, I have a massive, massive trade deficit with Safeway. I buy all manner of goods from them, but they have purchased NOTHING AT ALL FROM ME FOR OVER 30 YEARS NOW!!! To fix this, I will now tax myself every time I buy something there. That'll show them who's boss!
But Safeway was never in a position to buy anything from you, unless you are a food producer or distributor. You are just the end user. China, can and does buy US made goods. Just not nearly as much as we buy from them. Plus, they do also cheat and steal ideas and don't honor patent laws or intellectual property.
Case in point, you can see right now for your very eyes: www.kickstarter.com/projects/908228738/finalstraw-the-worlds-first-collapsible-reusable-s
The Final Straw was a concept by this American based start-up. They ran a successful campaign, and have an innovative product. A foldable metal straw. Well, no sooner than a week after their campaign closed, were copycat products for sale on Amazon, straight out of China. Copied even their marketing photos, slogans, and even the case design. And they are already shipping months ahead of the American company.
And to top it off, there's even knock-off companies warning about other knock-offs of the same product. www.amazon.com/Stainless-Keychain-Collapsible-Reusable-Beststraw/dp/B07DJ66PB1
Trump may not know the nuances of global trade and economics... but he is right about one thing... the sleeping giant is slowly taking over nearly every industry. And they did it not through innovation and hard work, or allowing their populous to be free and democratic, or having a thriving economy that was born out of the free market making the decisions. But through nefarious means, lying, stealing and cheating... all while ignoring the plight of their people and continuing to use it's populous as dutiful work slaves, building the empire of China.
lol dude, you should work for John Oliver, that was perfect! Hahaha
Brilliant!
Eco Mouse, that FinalStraw story is just a great example of a poorly thought-out marketing plan. I mean, did they even have a patent? Such a simple concept was doomed to get copied! Crowdfunding the project was just idiotic, they should have kept it as secretive as possible until proper manufacturing and distribution channels were established, advertising was prepared to launch and the product was ready to go to market.
ChrisC Are you a store?
I teach high school economics. This may be the most important episode yet. I wish I could show it to my students.
I'm glad you can't. No need to push your politics on young people.
I think he was talking about the informative side of it, not the political-comedy side.
I was introduced to john oliver im my first year at college by my sociology teacher when we were going over a chapter on religion. I failed that class lmao but it changed my life
Mr. Beat show a part of it as a do now.
Who says you can't just show the economic parts?
"I can name 10 forms of trade" is something Michael Scott would say.
He does sound frighteningly like Michael Scott at times. Like, the joke in The Office is that Michael is so OBVIOUSLY incompetent... And now he's basically the president. So weird.
@@geckoladyemma It scares me that these comparisons make sense nowadays
Watch the Mike Judge movie Idiocracy.
I wish someone took him up on that
Michael Scott actually tried, cared about his workers and people, and he did always do what was best in the end.
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Huh?
- Trade with Europe?
- Ah ok I'll trade with Europe then
@Taine de Jong You can't trade exclusively with Germany because Germany is part of the EU and waived their rights to set their own trade policies to the EU, along with 26 other countries in the EU. As a result, if you want to trade with any of those 27 countries, you need to talk to the EU, not them, themselves.
Trump just failed a barter check 10 times in a row before giving up.
@@adrianhutabarat1736 huh?
@@StyxTBuferd "I have the best words" SPEECH 0
@@adrianhutabarat1736 When the Brexit campaign first tried to create their argument and later their plan after winning, some of them actually said we could circumvent the EU and just have direct trade relationships with the bigger nations like Germany and France. Which... No
The story about Melania and the factory worker was gold
Catcalling much? Calm your cock dude lol
I consider it canon in this day and age
It's aluminum.. lol
@@yangmagic0703 metal puns are TIGHT
THİS is a theory I'm willing to get behind.
"Oh, we'll do a deal with Europe then.""
*NAILED IT*
Trump then does a deal with EU after they fold from tariffs. Trump wins again and germany looks stupid.
1000000000000000 DEGREE KNIFE VS HUMAN BRAIN * BIG EXPLOSION *
MVP
Just ignore him.
Let him do his Elsa and Spiderman video, he will leave eventually.
"Well if Germany doesn't want a deal with the US then we will just make a deal with the EU. Your loss Germany." -Trump
"Who the fuck voted for this guy?" -Merkel
I work for a manufacturing company whose primary material is metal.
We have had to increase our costs due to tariffs. A vast majority of our customers are obviously not happy with the increase, so they have been buying products from a manufacturing plant in Mexico. What a brilliant idea!
So long as you didn't vote for Trump, I'm sorry to hear that. All this is a damn shame.
Just slam tarrifs on mexico manufactured good :) Problem solved.
Geen naam no it does not, it just spreads the problem.
Don't worry, Mexico is gonna get slapped with tariffs
I think Trump's idea was to stimulate domestic extraction and processing of metals but he forgot to subsidize local industries to put them on competitive cost level with developing countries
“He only backed down on the eleventh refusal” Well, Trump does do this a lot with women so...
Ouch. Nice one 😆👍.
Did Cohen gave Merkel some money for that?
Literally spat out my tea laughing at that comment
No you didn't @@mikes89
He listens to a refusal? I thought once he grabs, he never lets go. Makes you wonder if Ivanka had Stockholm Syndrome...
He’s probably never even traded a Pokémon card successfully.
I'll bet Trumps Daddy bribed Little Donny's way into the Wharton Finance school with a big donation, why else would Little Donny not want his high school records made public?
Wit. And you have? Ummm...
Todd Beaulieu me? Yeah.
Tbf, he probably just got his father to buy someone else's Lucario and then groped it.
Antarath I don’t think truer tea has ever been spilled.
The ‘aluminum worker Melania’ theory makes perfect sense
Aluminium
Janne Laitinen lmao you right
Janne Laitinen they are actually spelled differently in different countries. US is aluminum, UK aluminium.
McKenna Burns Actually... Aluminum is used only in US and Canada while aluminium is preferred spelling everywhere else. It's just consistant with names of other elements in periodic table.
Somehow... We all knew it to be true...
I run a trade deficit with my grocery store. Every week I pay them money and instead of giving me money back they give me food. I should stop going to the grocery store, think of how much money I'd save.
Fulcran they are ripping you off and if you aren't careful you are getting invaded. Over your house will then fly the flag of the Peoples' Grocery Republic of China!
Yes, grow the food yourself and you will save a lot of money.
Fulcran this is a beautiful analogy
Richard Ballstein You are trolling, aren't you?
It only works because I have a trade surpluse with my employer. With whome does the US have a trade surplus big enaugh to pay for the bills?
Nobody, because otherwise we wouldn't have a trade deficite.
For a country that celebrates the Boston Tea Party, you would think it would be a bit more savvy about the dangers of tariffs.
learns about. not celebrates
@@trickrunner4842 Nah, it is definitely a thing that is taught as being a very good thing that happened. We even have a whole political party dedicated to cosplaying the event
The country does, Trump, however, is an idiot.
Fun fact about Trump's rants on German cars flooding the American market: When asked about it, then-German Federal Minister for Economic Affairs, Sigmar Gabriel, just responded that Americans should "make better cars then".
Wait, there are people actually named Sigmar? Why was I never told this!?
@@fsaxjack3181 Hail Sigmar ^.^
@@fsaxjack3181
Sigmar preserve us!
You seriously suck at logic
nafia morris Making better cars and making better people is not even on the same ball park. Read your sentence again and see if you even had a logical point there. What kind of a statement is "make better people"? what are you a child? Caring about who breds with who is such a loser me mentality. Get laid, son.
That Missourian steel worker is a classic example of the "I'm doing great so sucks to be you" worldview that so many Americans are enamored to.
ziqi92 ikr, he'll never understand that 10 jobs were lost to save his, in order to divide and conquer the US population
"The tax cut gave me X amount of money on my tax return!" And the annoying but classic: "The economy is better than ever!" 1: tax cut gave you temporary breadcrumbs while the 1% get the biggest permanent cuts. 2: Obama brought the economy back up from the recession, the economy was already strong before Trump inherited it. Stop fooling yourself, this is REALITY, people are hurting and your family and kids will be affected.
ziqi92 Americans in the South, yes.
The good ol' "Screw you, I've got mine."
ziqi92
Don't you mean all of the planet?
This may be one the best pieces that John and his writers have made.
agree specially the animation at the end
Ugh, his "writers" are just comedians, one of his main writers came from college humor for example. It's disgusting that people take this show seriously. It's a comedy show masquerading as a knowledgeable current events program. They take a subject an average person is uneducated about and reaffirm their preconceived thoughts on the subject, instead of dedicating the countless hours it takes to completely understand a topic enough to come close enough to the truth. This piece sounds correct to you because you have no knowledge about China or trade, neither do his writers. They often take 15 second soundbites and take it out of context to create a narrative you already agree with. This show has done immense damage because it has given average people a sense of truth, when their show is merely a projection of truth based on the sheltered and uninformed perspective of people who tell jokes for a living.
i work in the steel sector (in Europe) in a company that sells more than half of their products to the USA. Trust me, we are on the edge of closing taking our USA partners and their customers with us.
@Blellow So, it's a lose-lose situation? Or as Trump might call it "so much winning"
@Michael Mercury Meh, they did a good job. But honestly there is just so much to talk about this topic, it felt like John is running a marathon to cram down whatever they can in 20 mins.
"It's not just tarriffs that Trump doesn't understand, it's also our trade deficit."
And also literally everything else.
He understands golf. Lots of studying in the field.
@@gfpbaneable disagree. He's studied a lot of women (and girls) too, doesn't know shiy about them 😉
@@whocares269 dont froget the art of the deal
"we all know that Trump doesnt know a Lot of Things, but its good to remember once in a while that He also doesnt know anything"
@@gfpbaneableHe cheats at golf, btw.
Watching this a year later. Mr. Oliver was so correct.
Me too and....he always is...if John was still in Britain they could actually have a real leader! lmao
Especially bout Dwight Howard lol
@@r.scottmacleod4564 he's not always right like he says Smirnoff is made with potatoes when it's a grain vodka smh (tho his main points are generally correct and he's hilarious)
How can you say that when trump basically forced China into a trade deal
He won the trade war
My Dad co ran a business through all my childhood. I remember him giving me a bit of a life lesson by telling me, the only good "deal" was one where both parties walked away happy. To Trump, his whole philosophy is winners and losers. Real high school shit.
If for no other reason then that people will be more willing to do another trade when they benifitted last time, and that they will be more able to do buisness again when they profit
The only good deal is one where both parties walk away a little unhappy (ancient wisdom). Easy to criticize others especially when you don't know what ur talking about, very high school. Step it up son honor thy father. Not that Trump isn't a DB, just tired of people being misinformed and trying to change my world based on that info.
@@elirivera3880 2 parties walking away unhappy, would be the definition of a bad deal to me. Who's the ancient wisdom you refer to?
How is it a good deal when both directly involved parties are unhappy with the outcome? That is at best a compromise, Mutual benifit is a real thing youknow.
Operative word is Little not unhappy you are missing the point (respectfully). @@170adamb1or Americans Henry Clay. I'll give u a practical example: U buy an iPhone X, way tooooo expensive and you know it (so ur a Little unhappy) Apple is not disappointed by the sale at all but all things being equal they rather sell it at a higher price point (so they are a little unhappy). If you paid 100 dollars for the phone you would be very happy but Apple would go bankrupt, if apple charged 2,500 for their phone (they would be very happy) and they would go out of business. At the end this allows for best deal possible at the time assuring that neither party took advantage of the other and/or preventing disaster from soon following. Thanks for the conversation.
The biggest problem with Trump's approach to trade is that he's stuck in the zero sum game mentality. It's how he's approached his business dealings (and seemingly his whole life): every encounter, every deal has a winner and a loser. But that's not how trade is supposed to work. When you go to the store and buy something, do you always assume that either you're screwing the store over or it's screwing you over? No. As long as the sale was made in good faith and neither side pulled any dishonest shenanigans, you got something you needed/wanted and the store got some money. Everybody wins.
MrClickity in that case it doesn’t matter. China should let Trump think he won and win smaller on the side. I don’t get this argument. Trump wants more. Whether you call it zero sum or not doesn’t matter. Fold and give him concessions. What’s the problem here?
MrClickity We weren’t winning at all before Trump came into office.
@@PictureMaker22 I was and am and will after
@@ThomasFoolery8 that would be nice but he's doing it to everyone Canada has a trade deficit with US, the US should trade more with canada
David Gordon and we certainly aren’t winning now. 🙄
"Everyone knows that Trump doesn't know a lot of things but, occasionally, it's important to remember that he also doesn't know anything."
That is just a masterpiece of a sentence.
I sent this video to my Trump supporting father. He hasn't talked to me since. I love you John Oliver, will you be my daddy?
Has he gotten back to you yet?
@@pat0652 Still waiting. LOL
Anything yet?
@@ladida9084 Nope, no reply.
Anything yet?
I have a trade deficit with my supermarket. I give them money and they only give me my groceries at prices that are very low. So unfair! I am going to put a tariff on them, that I will have to pay. That will teach them!
PREACH! That supermarket will understand that trade is really a zero sum game, and when they've gone under you can shop in pea... uhh.
Frankly, I don't like giving money to the counter, since the worker there is a no good n--
Yeah, that's seriously how that fucker thinks. Sorry to kill a good joke thread like this.
Now imagine that the supermarket managed to find a way to increase the price of the goods you sell for a living, and you end up selling less and stop being able to afford groceries.
Isn't that situation a trade surplus?
Nate Shrager no, its a deficit like the US has.
I can't wrap my head around the fact that there are people who actually think the Trump administration is doing right by America. It's mind-boggling. The rest of the world aren't even laughing, we're cringing and hoping you guys come out of this ok in the end.
Carolyn Smith I honestly feel for you all right now. If's hard enough watching this happen from another country, I can't imagine having to deal with this as an American citizen.
The USA meddled in so many countries affairs and destroyed many opportunities, that it would have seemed like poetic justice if it weren't for the suffering of the other half of the USA, and the rest of the world. He is ruining the Earth.
@@Churro_Flaminguez it wasn't just that. I'm in PA, and know dozens of people who registered to vote just to vote AGAINST Hillary. Seriously if it was any other candidate they would not have voted at all. The problem is that democratic leadership somehow didn't get this. Now we have midterms and people like Rosie Odonnel tweeting support for people in key races without realizing that their support might be enough to send on the fence voters to the other side.
Remember when he said that before he was president "we" the other countries were laughing at the US and now somehow we aren't because of him?
Coffee Fresh do you actually get Trump though? Because it seems even his own team has a hard time following him.
“Before things get worse....”
Wow, that didn’t age well.
Aged like milk on a hot summer day.
“Before things get worse....”
Wow, that didn’t age well.
"'Before things get worse....'
Wow, that didn't age well."
Well that didn't age well.
@@alien2640 well that didn't age well
This has aged rather poorly.
The melania switch story is brilliant
khm. Brillent
Until it became Freaky Friday shit.
How could people think trump knows what he’s doing on trade? This is the guy who said “Who knew healthcare could be so complicated!?”
Cameron Mitchell It's because the media keeps saying that Donald Trump is a businessman. I had to remind my friend who is a business owner that Trump is a horrible business person. Let's say you build buildings and you screw over the people that frame the buildings, screw over the plumbers, screw over the electricians, how long do you think you can continue making buildings. Trump is a very good brander, but that is about it.
A lot of people think the apprentice was real.
* " s m a l l l o a n o f a m i l l i o n d o l l a r s " *
Anyone that doesn't think healthcare in this country is complicated is a fucking moron.
Cameron Mitchell: "Who knew healthcare could be so complicated?" It still pisses me of that *every hand in the room* didn't go up instantly!
So glad this show won an Emmy.
Faldegast That is the most bullshit comment I have read in the entire comment section of this video.
Faldegast
How do you expect these US made products to be affordable, the resources would go up in price and tariffs by other countries would give American products no chance on the global market. It is basically a tax on your own people. Its Ironic how China shipping food to the US is a big problem while subsidized American farmers happily do the same to Central and South America. The US consumes more than it produces, thats why you have a trade deficit.
My point is That even though tariffs would decrease imports in the US, it would also decrease exports from the US. The tactic that the current administration is trying would only work if other countries wouldn't retaliate. Even worse is the fact that these countries will have to fight the US only in this trade war, while the US will have to fight a lot of big economical powers. Wich means they have a way better chance of finding a different market while the US would suffer the most.
Also the difference in tariffs is not as big as portrayed by the Trump administration. There are numerous products where the tariffs in the US are actually higher. On average the EU's tariffs are not that far from the US, and Canada's average is lower than the US so i get see why Trump calls the EU "worse than China on trade" and why he is mentioning Canada at all.
Dont get me wrong, i think China is a problem. But this is not the way to solve it.
I have an economics degree, and at no point during your many posts have you shown anything close to a knowledge of economics. Maybe someone who has watched some youtube videos and read a subreddit, but nothing even remotely resembling a substantiated economic discussion has been written here by you. I'm not sure how to even start assessing your point since it all just sounds like a rant by your weird uncle at Thanksgiving. Trade economics is extremely complex, and you are grossly oversimplifying cause and effect in your wild meanderings. If you want this confirmed for you, considering the breadth and complexity of what you are talking about here, I would recommend you read the complete syllabus of a 4-year economics degree, followed by a post-grad lit review of international economics, at which point I would consider you qualified and to have redeemed yourself enough to have an opinion on the matter. I award you 0 points and may God have mercy on your soul.
@ Good for you. Im just saying youre not making any sense, and ive studied economics. If youre saying on the ground experience guides you, good for you. But dont call it economics, its not. Maybe you should be the one dropping some sourcing and evidence, your the one who tried to make all the points
I know it was a joke, but Angela Merkel doesn't just speak German. She's fluent in English (as well as Russian) as her mother was a trained English Language teacher.
Trump is an idiot in any language.
As of 2020, 56% of the German population spoke English
The Melania body switch story makes WAY too much sense.
Ron Burgundy let's be crazy righwinges and make it a conspiracy theory
The body switch theory is really just a deep state sham to hide the fact that Trump killed her a while back for swatting his hand away. They then proceeded to replace her with a futuristic robot who, seeing the foolishness of the current government, will presumably in the very near future proceed to try to take over the US, then the world.
Ron Burgundy You would agree to that, wouldn't you, Ron?
You handsome devil, you.
No, there's a hole in it. Why would Melania want anything to do with Donald physically? You know she's only in it for the money.
I thought the story would go in a vastly different direction........
Man I was hoping for the catheter cowboy in the end
I think he was killed in a gas-leak induced explosion some episodes ago. The one about the Iran nuclear deal and right-wing stupid fearmongering about that.
THIS! I wanted him to explain trade to trump with colored cue cards xD
God I too wanted that cowboy to come out and say something.
hahahahaha me too....
Aw man that would’ve been great 😭
“Fun” fact about Peter Navarro, he was my professor at UC Irvine, where he ‘teaches’ an online class based on his RUclips series of videos that is supposed to be about economics and trade with China. I had no clue about who he was or any of his books going in, I only knew it was a course that satisfied my management minor. But instead he made us memorize the amount of Chinese aircraft carries, the amount of potential mines in the water between China and Taiwan, how China might launch missiles at the US etc. There was NOTHING about trade policies at all, and yes he made us write an essay that basically had his zero sum game in mind, and discuss how American Fortune 500 companies with setups in China would be forced to move back to the US at some point. My essay basically proved him wrong, and I got a passing grade, and no comments. We also had weekly ‘blog posts’ where we would have to write about something that related to the class, which meant a lot of people got poor marks when they cited the benefits of US-China trade. That’s mostly because a lot of the students in the class were Chinese international students who were also confused by the objective of the course, and didn’t understand how completely tone deaf he seemed to be. Anything that went against him he COMPLETELY ignored and pretended wasn’t handed in. My friend even ended up failing the course despite doing more than enough work and handing in all their work on time, purely because they criticized the contents of the course. He has tenure and emeritus status, so he’s basically impossible to get rid of, and I’m assuming he’ll come prancing back on his high horse to keep on doing his propaganda course as soon as trump is out. Hopefully he loses his status, funding, or right to teach a class, but who knows...
c4ss4e4d Well, you obviously missed the point of the class, that China is an authoritarian threat to the West and its liberal principles.
I'd suggest students get together to organize demonstrations and press for the firing of this utter charlatan, but I fear the rightwing cavemen would cry "SJW safe space" all day long.
c4ss4e4d, basically he’s a xenophobia who afraid of every foreigners especially china. Did he realize it was russia who manipulate usa election? Yes, china stole intellectual properties, but no where as evil as an politic manipulator.
You won’t succeed in turning this into a partisan issue. Across the political spectrum, from Schumer and Bernie to Rubio and Trump, all recognise China as the threat it is.
I can say with certainty, rewer, that I don’t hate Chinese. I am half Chinese myself, and I’m actually in Asia visiting relatives. Oh, and Australia and New Zealand? Heard of them? Yeah, more successful than Russia. China views Russia as the bumbling idiot, to distract from its own efforts.
Holy crap. Was that Martin Sheen narrating Navarro's documentary??? Martin "President Bartlett, the president we all wish we had right now instead of Trump" Sheen?!
Sounds like Martin Sheen to me.
It is. Oh my god it is
In fairness, Sheen also played a _bad_ president, "Greg Stillson", in 1983's "The Dead Zone." Stillson is a sociopath who climbs politically using blackmail and, in the main character's psychic vision of the future, is elected president and starts World War III. The main character decides to assassinate Stillson to prevent this, but Stillson grabs a baby to use as a human shield and, though he survives, is politically destroyed in the process.
Actors, man.... work is work.
Was it Martin sheen? If so that's sad as I loved his Intro for JFK and his narration for apocalypse now.
The illusive man would never say something so stupid
"I have the best people"
A guy Jared found on Amazon.
I honestly wouldn't even trust a set of batteries Jared found on Amazon.
Jared is the definition of a privileged white boy who has had everything handed to him in life.
+Ian Goodman
Such people are usually good at their jobs, Jared isn't.
Alias Anybody
You dare not trust the KUSH!!!!!!!!
Hell, I barely trust the sets of batteries **I** find on Amazon...
Hahahahahaha, exactly.
I suggest basic literacy, math, & mental competency tests to anyone wanting to run for public office!
WHB JR no, no, that would mean every republican and most democrat candidates would have to drop out, and someone actually qualified for the job would become president.
That could become like poll tests, essentially a way to block people from the political process. I get where you're coming from, but in practice that would become deplorable.
@@ario1076 I'm talking basic literacy! Basic math!
May I also suggest a mandatory cours on ethics
@@glorialiedtke8931 👍🏿
Trade guy, Liar lady, Nothing boy, Jesus Pleaser, Crime nymph, Drunk grandpa and daughter wife.
angiras sharma you forgot Word Ghoul.
Sounds like a team of failed supervillains in a spoof superhero movie.
Worst cast of the Justice League ever.
If the legion of doom were losers and struggling to have identities.
My favorite and arguably most long running gag in this show is John's casual sports jokes that somehow land.
I still think it's hilarious that he keeps bringing up the Wharton School of Finance. The only thing that is prestigious about Wharton is their MBA program, which he didn't have good enough grades to get accepted to even being an undergrad alumni. One of their retired economics professors made a big splash because he referred to Donald Trump as the dumbest student he had ever had in 30 years of teaching. This was before he ran for election.
People in business don't think Trump is impressive or even someone who's trustworthy to do a deal with. His cult-like following on the other hand...
Let's be honest, the best success Donald Trump has ever had was in a Domino's commercial.
I disagree... Home Alone New York.
Wharton is still extremely prestigious even for undergrad business degrees...
T Lee I'd say it's prestigious if you merited to be there. But, in Trump's case, one of his biographers, Gwenda Blair, wrote that he transferred in because of a favor to his brother Freddy. He only went for two years.
I was going to say Home Alone, Lost in New York. However, I was beat to it.
Jarod you clearly haven't seen him in WWE
Proverbs 28:11- "A rich man may be wise in his own eyes, but a poor man with discernment sees through him."
Yo is that from the bible II: Tokyo drift?
Trump calls himself a genius. But there are many true geniuses who call him incompetent and deluded. I'm going with the majority vote on this one.
Shut the fuck up, that book is nonsense and if you knew history at all you would get that. Keep that mental illness to yourself
Jesus was deffo at least centre left....
So true, I think I have seen through a few top executives the company I worked for for a couple of decades. Some of them are air heads with a big mouths.
“Who doesn’t have a BMW?”
My god, he really despises poor people. They don’t even register on his radar.
He doesn't hate them, he just considers everyone who makes 100k a year as poor.
this really sounds like Marie Antoinette
And some of them voted for him
If they dont register, he doesnt hate them.
Its...indifference, just like any politician when its not voting season.
He loves the poorly educated!
Good thing Trump has learned how Tariffs work and what they are in the last 6 years... #HereWeGoAgain
Frankly, Angela Merkel's English is probably better than Trump's.
that doesn't say much. That rambling crazy person in the subway has a better grasp on English than Trump. And... makes way more sense logic-wise...
@@robertnett9793 I'm just referring to the fact that John Oliver said Angela Merkel had to fire her translator because he/she must be translating Trump wrong, but Angela probably didn't need a translator to know Trump's just a baffoon.
@@rei_cirith is just a joke
Remember he's a comedian not a journalist
Truth
What do you mean probably? This is guaranteed
I live in Alabama; yes, _that_ Alabama, I know that's not the most credible opening line to making any point. But Alabama used to be an aviation state; it made a lot of successes, and some mistakes, but the business eventually flowed elsewhere...that is, until we fought tooth-and-nail to get it back here. We finally have some steady business going with Airbus and the like, and we had to spend a premium to get them to consider us; the problem is, with the recent trade 'disputes,' there are rumors that they're considering the cost of doing business with us to be too high versus the overall benefits. Considering aviation and anything within that ballpark needs raw resources like, for example, *the ones that these tariffs are hitting as brutally as they are,* then that's not just bad for Alabama, that's bad for _any_ state where these kinds of business help the economy thrive.
Alabama's finally becoming an aviation state again. We've gotten our pride back. But these short-sighted 'disputes' are gonna hurt us, and hard. Bear in mind, I live in a state where a lot of the people who may very well lose their jobs _voted for this man._ I'm sick to my stomach thinking about how they're getting fucked over like this.
EU and US economic ties are so intervened that there are endless amounts of companies affected, but never thought about Airbus and Alabama. That would be unfortunate for both Alabama and Airbus as they have been looking to extend production over there.
The one thing John Oliver did not mention is the steel coming from China and many other countries is subsidized and is being dumped on the market. Therefore the trade isn't really fair to American steel producers so the tariff is to protect them in an unfair market. I don't know why John didn't mention that, but it is relatively well reported. Also, why should I care about your made in America airplanes when you clearly don't care about American steel? You are just as bad as the people you are pointing fingers at.
This is a classic case of not paying attention in class, you should have paid more attention, this man did not ironically turn into the pussy grabber after inauguration day, a lot of people where crying foul long before he came to be as he is now and all we got was libtard thrown at us and then told to leave America. You know, people should really learn that when they stick their junk in places it doesn't belong, bad things happen, so if you don't care for politics and do not pay attention to them, maybe don't vote because this is what happens....
Soviet who Cuts The American steel jobs are usually union positions, so that is not entirely true.
Well, I wouldn't say "getting fucked over" I would call karma. You vote for idiot, you get idiotic policies.
19:40 That summary clip was perfect, hard to believe we've truly arrived in the real "Idiocracy".
Oh my balls.
Not there yet but getting extremely close.
It's not hard to believe. Imagine how much lead they've inhaled.
Trump 2020!
You guys are 🧠 brainwashed. Its really frightening. You are only listening to one side of the argument that is insanely bias. Seriously, we need to understand eachother ... left and right. Calling eachother idiots, when you are just as dumb is not helping anything. That is the real idiocracy. Im talking to you Lefties !
That thing you're thinking of? He doesn't know that.
One of my favorite lines.
When John was talking about the BMW factory he also could have taken Mercedes' factory in Tuscaloosa. About 10 years ago the dad of my girlfriend moved there from germany to help expanding the factory because Mercedes released a lot of new cars since then. As far as i know the factory itself employs 3.000 people and another 7.000 jobs depend on the MB factory (those people work for smaller companies that produce and deliver parts). I recently talked to her dad and he said that if these taxes and tariffs keep rising the production costs will reach a too high level, so Mercedes will be forced to move their production to China. Good Job Trump.
It fucking sucks Trump's hate-boner for Merkel destroys decades of mutually beneficial trade relations between our countries. All because his German branch of the Trump organisation went under. en.wikipedia.org/wiki/TD_Trump_Deutschland
So then Donald's irrational hatred for Germany and its imports is because he couldn't keep reliable business with them? That is possibly the Trumpiest explanation I could have expected.
These other countries have to realize that Trump wont be around forever. I think it would be shortsighted to move a multi-million dollar factory for a guy that is only going to have the job for another 3 years, hopefully. No other sane president is going to keep these tariffs. Even Creepy Pence wouldn't keep this insanity.
I live in Tuscaloosa!! It's so true that the Mercedes plant has done a great deal for our economy. My old high school actually has a trade program now to make it easier for kids to train and get a job there. I would hate for it to move somewhere else.
There are a couple of things in addition to Trump, which are troublesome. E.g. Germany wants to build NorthStream2, because it is of huge economical, ecological and strategic benefit. The USA tries to stop this project ever since. Nearly everybody is pissed off the by the USA torpedoing the Iran-Deal (this was not Trump alone) and the regime changes in the Middle east are not perceived well by a lot of European citizens (it led to the refugee crisis). Coming back to the Iran-Deal the if the USA continuous to succeed to enforce US-Sanction on EU-Iranian business relationships the EU may have to make sure this cannot happen again, because it's citizens may be demanding it. It is not acceptable that the US is able to enforce US-Law on EU-Companies. This is a huge long therm risk the US is taking here.
The US is pissing off some very valuable allies at the moment and needs to be very carefull to not step over the point of no return.
After each act of Donald Trump the transatlantic faction is pronouncing how important the USA are as allies and partners and so on ... and the pro Russia faction is rolling on the ground, laughing. The mood is swinging to looking for reliable partners. And the opinion to make the EU independent of the NATO is a lot more appealing for more people now.
Not only does BMW built the X3, X4, X5, X6, X7, X5 M, and X6 M in South Carolina, but Mercedes-Benz builds several models in Tuscalosa, Alabama, and Volkswagen builds cars in Chattanooga, Tennessee, and has done since the 1970s. These are all states that support Trump, and if he in any way hurts their relationships with these automakers, then he might loose many more supports than he has. Not only does it hurt us, but it’s gonna hurt him.
Actually Almost ALL foriegn automakers have plants here to avoid tarrif issues. There's alreadyba sort of vehicle tarriff, but they call it something else.
You are assuming those US autoworkers have enough common sense to understand this basic economics lesson, and possess a 20+ minute attention span needed to grok this video. Most people in Greenville, Tuscaloosa, and Chattanooga are hard core Trump fans and they will continue to support him even after he is removed from office.
They won't leave him. This is a straight up cult.
CarReviewer what? And I thought german automakers produce all the cars they sell around the world here in germany. Amazing that there are other places in the world with other people who are having jobs too!
Wouldn't it be a kind of a poetic justice that someone that wholehearted and blindly supported Trump enda up losing his/her job exacly because of Trump's ineptude?
Yes, many more people will suffer the consequences of Trump's choices, and the problems he is creating will take a long time to be solved, but on that particular case of Trump's voters, I feel a little happy about, even if also a tad cruel.
That melania switch story was amazing.
I consider that story as cannon now
It makes so much sense
Brilliant!
A Cc VN. .
Good comment but dumbledore is the better wizard !!
The fact that his supporters never even realize most of the things he does affect them more than anyone they hate is mind boggling🤦🏽♀️🤦🏽♀️
Red hatter: *lost job due to Trump policy
also Red hatter: "oh, that mother**** Hispanic and Chinese people, I need to burn cross on some lawn"
"But no, Melania! Go to him!"
At this point I lost control
Melania change bodies with the worker, that is why the worker wants to hug trump while melania in the white house doesn't touch him
She has to go bathe in bleach every time she does@@gallegoc6005
Stop being 12 XD lol. I can't even. So good. ^THIS. 👏😂👏
Donald Trump is proof that, as long as you are born with enough money, you can live a long life of never knowing how money works at all, and still have all the money.
If that's your world view, then I feel very sad for you.
@@mistere5857
Why?
It's demonstrably true.
He knows nothing about economics, yet he was born with all the money.
@@MostlyPennyCat Money and economics are related the same as brain chemistry is to psychology. Plenty of rich people don't understand economics and plenty of people who understand economics aren't rich.
@Julie W. nothing you said was an argument.
@Julie W. I appreciate your civility but I have no idea what you are talking about. The field of economics is generally divided into micro and macro. "Personal economics" is not a thing. Personal finance which is a branch of accounting (aka the nature of money) is loosely related to economics, but they are distinctly different fields.
John Oliver's team please do one on plastics and ocean pollution! It's so important
I think they already may have, or a related issue, if memory serves.
It is a huge issue, along with carbon overuse, plus chemical or fertilizer dumping into the oceans causing toxic algae mats for many acres of ocean. We need to stop those very fast.
Upvote!! China is bumping tons of garbage into the ocean everyday. Can someone bring attention to this pressing issue!!
YES PLS
EPA role-backs on methane releases... methane is 25 time more efficient at trapping global heat then co2
Raise ur hand if ur watching this in 2024🙋🏽♀️
12:02 yeah, the BMW part is sad, just wait until he realizes than most Mercedes come from the state of Alabama.
Hii call me bro
Same with Airbus/EADS. He wants to tax them, even though Airbus/EADS has a assembly line in Mobile Alabama.
That would require the ability and the desire to learn. In Trump's case, both are debatable.
@@GoogleGebruiker really? I didn't know that.
"Everyone knows (Trump) doesn't know a lot of things, but occasionally it is important to remember that he also doesn't know anything."
Honestly, this was probably the best part of the clip for me.
@@danieldaw1778 This episode, alone, is worth an emmy. That line was fantastic. But the last two minutes of the clips had me giggling nonstop.
Trump is (willfully) ignorant about a great many things. However, people sometimes make the mistake of assuming that everything he does is just stupidity and ignorance. It isn't. He has a plan, and it ends with him as dictator of a white supremacist America. Donald Trump has one true skill- as a con man. He's good at playing the media and the political system for personal gain. Never forget that, and never underestimate the threat he represents.
@antonbrakhage490 and here we are again. Lord, help us.
Yes I vividly remember when in history, they taught us about the Civil Dispute, and the World Disputes I and II.
Right!!!?!?! ☠️💀😂
Honestly, it reminds me of how the Korean and Vietnam wars were sold to the public as "police actions."
I feel like someone is going to make this a conspiracy theory XD
Ah yes World Dispute II, the one with the greatly inconvenienced Jews.
Funny, I learned it as World Troubles I and World Troubles II: The ReTroubling
said it before and ill say it again, and again, and again: the people who need to watch this never will
I'd watch a movie about Melania and the aluminium worker.
John should have recurring segments of this, lol.
What is aluminium
@@dougkeyes4406 A metal, short as Al in Chemistry.
John needs to keep his fanfiction under wraps
@@dougkeyes4406 It's the proper name for what you call "Aluminum"
John complimenting Steve Mnuchin’s appearance because they look alike is the best thing ever
Yazhini omg. I was so confused why he would said such thing 😅👏🏼👏🏼👏🏼👏🏼
Oh, I see what's going on, John... when the Olsen Twin makes a fake sister by flash-stepping, she's a dangerous monster misleading the world, and you will _not rest_ until her deception is exposed...
But when *_YOU_* do _the exact same thing_ to create Steve Mnuchin, *_you're_* what we get _if Mother Theresa Fucked Jesus...!!_
_Piece of shit rat-faced Hypocrite..._
As an economics student, I am terrified at what drumpf is doing
Don't be my young friend. Donald is a lazy guy and I dont think his minions will listen to his insanity .
Bilal Khalid Trump want’s to reopen your country in the middle of a GLOBAL PANDEMIC!
Do you respect and support the LGBT community? If so, please respect a person's right to choose their own name too.
Hate him for whatever you want, insult him if you feel that helps, but let's keep respecting an individual's right to self determination.
@@Marahute0 ok McFuckly
McFaegle ay uh fuck off dude? taking the piss out of someone’s name has nothing to do with lgbt support
Anyone else still confused even now as to why John didn’t raise the whole “Martin Sheehan being the narrator for that insane documentary”??
Was here to say the same.
We are in a sad state when late night shows expose more ineptitude in our government that actual news.
State run media is a horrible place to go if you want the truth.
Your absolutely right
*TV news
THIS IS THE ACTUAL NEWS NOW!...Greed and profit agenda networks don't tell the truth unless it fits their agendas. It's not so much fake news as it is "steered" news which they spin doctor to fit their profit chances.
This exact comment is on every single video, i bet you feel original
This is why John Oliver is a genius. He can simplify any complicated subject so that anyone can understand. Unfortunately there are those who will refuse to listen to it.
His writers. He just reads the cue cards in a cute British accent
@Ash Kitt economics itself is a pseudo science predicated on self serving confirmation bias. Democrats sell out, but so did the hippies when they cut their hair and took jobs at daddy's corporation to build mansions on the seashore.
Yep. He's got a great team!
What benefits the rich benefits the working class and vice versa. No working class no wealth.
@@lucholiu partially correct, but it doesn't go both ways. The working class doesn't need the rich, the rich need the working class.
*"Everyone knows he doesn't know alot of things. But occasionally it's important to remember that he **_also_** doesn't know anything."*
12:00 The fundamental truth of this entire presidency.
ruclips.net/video/etkd57lPfPU/видео.html The fundamental solution of Führer Trump's entire presidency.
[I'll even supply the chainsaw, but will need to make sure the chain is very dull first, for Trump the Traitor.]
SOMEONE NEEDS TO SEND THAT CLIP OF TARRIFS, TO TRUMP, AGAIN. STILL. PEOPLE STILL DO NOT GET THIS ABOUT TARRIFS. 😂😂😂
"Everyone knows that he doesn't know a lot of things, but occasionally, it's important to remember that he also doesn't know anything." I am going to use this in everyday conversation, moving forward.
I live in Spartanburg a few miles from BMW... people here are flipping out... just in case you were wondering.
Like how ?
Enlighten us, please.
Wow and Honestly I hope Trump sees in the books how he is the worst president
Go on...
how??
Damn, I was expecting Catheter Cowboy to explain it 😂
BLKHLE Music that’s what I was thinking too! 😃
I hope he isn't incapacitated from pain when he caths.
Yes, he is the hero we need right now!
We can always hope he Indiana Jones'd it and somehow managed to run away just before the blast got him or hid in the fridge that somehow protected him.
Martin Sheen is the narrator of Navarro's documentary.
Should get another ad aired on Fox starring Catheter Cowboy to really get the message across
KorKhan89 yep he's just cathin
It didn't work for the Iran deal, why the fuck would it work for this? and yes they actually did buy adspace on xFinity, Spectrum and COX cable lines as well as Dish and DirectTV for the DC/Baltimore area, saw it myself air at around 9am and 11am
I honestly thought that's what he was gonna do but this video is ok too.
And Sam Hyena, there's tons of "safe space" people watching fox besides Trump, maybe they will finally realise what an idiot he is.
That aluminum worker/Melania swap story, lmfao.
Jonathan Hopfenblatt
😂😂😂😂😂😂😂😅
You gotta imagine that around the 5th time Merkel said trade with the EU she turned to her translator and the translator said "yeah this guy just isn't getting it."
Merkel: Fritz, WTF!?
Fritz: i swear its not my fault!
But imagine they are speaking It in german
The monologue with the aluminium worker is excellent
It kills me every time.
Trump: "Who doesn't have a BMW?"
That was a rhetorical question because he knows everyone has one or two lying around as a backup car. Certainly everyone who attends a Trump rally, right?
I don't see BMWs as cars. They're just cheap deco for the garden of my mansion.
Jayyy Zeee they actually might because you know that where that rally was held was very very close to the BMW factory.
I have one. I use it when I take my ID to buy groceries.
The Melania body swap story had me dying ahahaha
best fanfic ever
And yet... it explains so much.
IT MAKES WAY TOO MUCH SENSE
Almost as good as his story about the rat and the flea having a one night stand
Better than anything John Green has ever written. :P
This episode deserves an Emmy
That aluminum worker story and the Mnuchies in the same show. I forgot how good this episode was
John Oliver's constant roasting of trump's decisions has been the only good thing to come out of the election
@@TMRhyno ..AND the magnificent take downs by Stephen Colbert. How can Trump be so resistant to both common sense and the real narrative about him in ANYone with an average or better IQ ?
Really? I can't even watch late night shows anymore.. (Mock everything about Trump and hope your viewers aren't seeing the real news stories they mocking, just Cnn and msnbc version). Every platform of every show every day since Trump threw his hat in the campaign
Holy cow Paulina,
You are soooooooo beautiful.
P.S. now that I've typed that, I realize it seems a bit stalkish.
I mean it purely as a honest compliment.
The only thing that would make John Oliver more on fire is if he had facts and wasn't just reading what writers presented him. Oliver is 100% wrong on trade according to Obama's staff btw. And citing merkel?
You're attractive if nothing else. I understand the left doesn't have balls which explains eric's apology. eric. Lol.
Another liberal spastic
"Who doesn't have a BMW?" Once again, the orange cricket firmly establishes how disconnected he is from the majority of the American public.
I laughed out loud at "the orange cricket". Well done!
To be _slighty_ fair, most of the richest people in America are completely ignorant as to what the rest of America goes through. Not *really* the richest people's fault, but still, yes... how aggravating
"Who doesnt own (or at some point survived in) a honda civic or toyota (Corolla or Camry) held together by ductape because those engines don't die but the cities we live in beat the crap out of the bodies of cars."
I don't even have a car.
I have to disagree here, he seems to be very well connected with his insane followers.
The aluminum worker theory is more credible than pizza-gate.
That's not exactly a high bar.
That's not a high bar to clear. I've heard farts that told a more coherent narrative than pizza-gate.
Michael Sporzynski my own ass has done just that!
Funniest part about this: "When Trump tweets..."
Oh man, has me rolling laughing every time.
In a sad way i miss orange man tweeting
Trump: I’ll give you thousands of jobs with tariffs!!!
>creates 26,000 jobs
>loses over 432,000 jobs in the process
The Art of the Deal, everyone.
Toya Chikage Poor americans.
The art of the deal is not to make a good deal, but to make the dumb suckers think they got one.
Tremendous.
Your right and hes been doing a great job at that
Toya Chikage
It's like the person who dumps 500 bucks into a slot machine until they hit a 50 dollar win and leave thinking they won money.
I think the little video at the end was too subtle for Trump to understand. What about colorful flash cards?
I think it needs scratch-and-sniff.
Oh, and more boobs.
I think it's time for someone to saddle up and ride again
The whole idea of trade is not a "zero sum game" but rather an "everybody benefits" scenario. Anyone who took a high school economics course is familiar with this example: Say there is a country that specializes in making a food item (let's just say butter) while another specializes in making an appliance (let's say a toaster). Both countries make both products, but the reason why they would trade the product they specialize in is to gain more of the one they don't, which benefits both country's economies in the long-run. If they both had this mentality of a "zero sum game" then neither country would be willing to trade their item and just expect the other country to give them the other product for no reason, which is not how trade works. This is essentially something President Trump never considered or understood about basic economics (in addition to things like retaliatory tariffs), and it still amazes me when people argue that he is a good businessman or understands the economy, despite the fact he went bankrupt 6 times.
Only issue is that a lot of strongman type leaders think the only strategies are ones that are fundamentally Zero sums games. Some of the less educated ones may not know the term, but" Me win big, you lose lots" is enough for them to understand. It seems like a lot of forms of society are increasingly moving toward ZSG as the only way to move forward, where compromise is seen as weakness and working towards a common cause together as outright treachery.
and how is US benefiting from a 280% Canadian tariff on milk products? imagine you have a big cow farm, where do you sell your products if at the entire Northern border it's fucking prohibited.
Jesse Torres You have a lot of comments here but I'm enjoying them. Quite curious, do you have a background in economics? Or just a fancy for the subject? Naturally, it's important regardless but most tend to keep to their own sphere in the realm of economic changes, such as the part about the steel worker in the video getting back his prior job so he was knowledgeable about global trade that benefitted him. The subject and full implications weren't of his interest/concern.
Fluffymiyster: I took an economics course in high school and a couple in college (graduated from TCU back in May), but I got a Bachelor in Liberal Arts Degree with a major in History. While I wouldn't describe myself as an expert in economics, I did well in the courses and have been paying attention to any news story about Trump's tax plans and economic policy since they impact American society as a whole. And, unfortunately, economics is not a subject most average people are aware of or care about, but it effects all of us in some manner, but we don't realize it until it is too late.
Jesse Torres very well said. Do you have a Twitter account?
oh my god at 19:58 when all the knives stab the book there's a spoon that flies across the screen I JUST NOTICED IT AND NOW I CANT STOP LAUGHING HAHAHAHAHA
...Everyone knows, he doesn't know a lot of things... but occasionally it's important to remember that he also doesn't know anything.
This quote should have been said by Socrates lol
bill: Yes, especially then. He has had access to plenty of women, but still craved Ivcaka, because, in his own words "She's almost six feet tall, and I happen to have created her." She is a human embodiment of one of his buildings. She's tall, has his last name, and was created (in part) by him. She is the ultimate fulfillment of his narcissism, a reflection of him, and that is why he wants her above all others.
@@lordseshomaru86 That's 23 out of every 24 hrs in a day..... Jarrad only wishes he had that sort of chemistry with his wife....
It's the best line so far! It's amazing.
Bullshit. It's not even in the form of a question.
Are you someone who maybe doesn't know a lot of things about fucking SOCRATES?
I just wonder.. it was about Trump or Jon Snow? :P
The first thing you learn in economics is that trade is NOT zero sum. Almost anyone else would be more qualified than that guy.
Navarro obviously hasn't heard of David Ricardo and comparative advantage. He most likely still believes in 17th century merchantilism. Smh.
@@Revanite001 Yes... he lives in a world before Adam Smith....
@@Revanite001 But David Ricardo also said that comparative advantage only exists as long as capital ownership cannot transcend state lines, which is clearly not true anymore, so that argument is not really valid today, right?
Also I somewhat get the frustration, considering that Trump only raised US tarrifs to the level of EU tarrifs (Here in the EU the Parlament was criticised because of their double standard on Trumps and their own tarrifs).
Though I am not trying to defend Trump. He clearly is a buffoon and his tarrifs definitely shity.
The kid who smokes weed in the back of Econ, and barely passes would be more qualified
@@filmliebhaber5283 That is not entirely right. All the tariffs are balanced. USA f.e. takes 25% on trucks >3.5to or 300% on tobacco products, and that goes over all products and products groups. It was agreed with WTO. Moving one item does not fix anything. You can negotiate a trade deal though. You might even give it fancy names like TTIP or so. 2.5% on cars made BMW build the biggest plant they have in USA. 10% on cars made Ford and GM build plants in the EU. There are more Fords in Europe than german cars in USA.
Pony Up Daddy is actually worse than what I would've named it; the Daddle.
But only by a fraction.
😂😂
The orange man will be back in the White House in January and people still don’t know how tariffs work
I still can't believe this is the reality we live in now. :(
Dennis Nyh
I can't believe i live in a rich country with food everytime i want it, nice parks, good Infrastructure, amazing social system and i fly every year at least one time through the sky and my main worry is, when the next Apple Watch is coming out... while on the other side of the planet people are starving to death, because they have no food or water.
# by the way i live in germany.
Dennis Nyh
SUCK IT UP !
VOTE BLUE ,
WHATEVER YOU DO 🇺🇸
Cheer up, now we have a real team of superheroes. It's The Colluders! Consisting of: Trade Guy, Liar Lady, Nothing Boy, Jesus Pleaser, Word Ghoul, Crime Nymph, Drunk Grandpa, and Daughter-Wife.
Lowest unemployment rate, great economy, jobs being created, tax cuts, my Hispanic community is improving greatly thanks to him and people call him racist
+PTFOdity I don't think you understand the difference between correlation and causation.
The Melania story was amazing.
Stu i agree stu!
Has anyone tried to order a new president from amazon 🤔
Mi Shadow can they please include prime shipping 😁
Alexa! AAALLLLEEXXXAA! Add new president to my shopping list.
Healthy..? In what way.
Google express gives 25% off on first purchase on all items... maybe we can order our president from there? Let's hope it's not made in china like everything else being sold because that would be just sheer irony
I think he might be healthy as a jumpstart to progress. He shines a spotlight on all the horrible shit parts of America and that energizes people to fix things, starting with congress. This cycle of crappy president, good president is getting tiring. Unfortunately only sociopaths want the job anymore.
So many years passed by - but this is still so freaking funny 😂 "in Germany who doesn't have a BMW?"
My dad works at a church with one of the fastest growing youth programs in the country, and they were trying to raise money for an expansion to offer after school care and more classroom space. The project overall was going to be around $1,000,000, which they were able to raise through pledges and donations and some loans. However, when the trade war started, the price of steel jumped and the project suddenly became $1,250,000, which they could not afford. They now have to wait until the next election and hope that the price goes down.
I can’t help but feel like Trump is actively destroying his reputation with his base supporters.
EDIT: I’d like to add that my dad was a Trump voter in the elections (not because he liked him, but because he didn’t like either), but no longer actually supports him in office. Moderate conservatives are the ones Trump is loosing and I think that will hurt him in the long run. He won’t loose far right conservatives the same way democratic leaders won’t likely loose far left liberals.
Trump hates america and wants to genocide the american eagle by removing the endangered species act
Not really because all he has to do is blame Democrats and his loudest supporters will mirror it. It's hard to get through to people with the real facts when he is attacked 24/7 so they think it's all bullshit and don't discern fact from fiction. I do find it hilarious that somehow, in a government with all 3 branches dominated by the GOP, Democrats are still the cause for inaction. And people believe it.
In early 2007 during a rally the crowd started chanting lock her up. Trump's response, verbatim, "Nah! That plays well BEFORE the election. But now we don't care, right?" Openly admitting he scammed them with the email crap. Did he lose supporters? Of course not! Because it's a fact and facts are the enemy and so are anyone who repeats them. So if you think "I lost my job because of Trump's terrifs I guess I'll throw my Maga hat away." Will ever happen guess again. What you'll hear is "My boss laid me off because of the tarrifs proving he's a libtard! The factory shutting down is just conspiracy funded by Soros, Killery, and the Jews! MAGA!!!"
I'm sorry but having a steel industry is more important than your youth building extension.
Tell that to Sheffield GB, I'm sure they would love to hear all about the wonders of the steel industry.
Ill trade Trump for a handful of magic beans
Sleepy .Time I’d just trade trump for nothing tbh.
Sleepy .Time Are you comparing him to a lame cow then? Hmm...I think thats a bit unfair. A cow would probably taste better much better
Well said Wil Gomes
I'll trade Tchrump and some magic beans if I can just wake up from this Tchrump induced nightmare
I would trade trump for a pile of shit. Worthless ASSHOLE.
A couple of points:
1. "Dangerous Rock" IS really the first hit on Amazon.
2. When discussing the GDP it should be noted that since our GDP is the size of the next three largest GDPs combined, we have A LOT more money to spend, so unless we save or invest it, which we don't, we're going to have a deficit of some kind anyway.
3. If the goal of competing is to "create jobs," there are a number of other options. For example, that $1.5 trillion tax giveaway to corps and billionaires, the majority of which was poured into stock buybacks that benefited the investor class, could have been spent on single-payer healthcare, which would have reduced healthcare costs for employers, thus reducing the cost of hiring employees (though truth be told they probably would have used the savings for stock buybacks...).
4. Except for periods of recession, the unemployment rate was, is, and will continue to be low. "More jobs" is not the problem with the American economy. The problem was, is, and will continue to be that middle-class wages have been stagnant since the 1970s. You might be thinking "if companies were competing for labor because they are exporting more they'll be forced to raise wages," think again (and read more). Instead of paying for higher labor, they'll take the money and do what they've done since the 70s: move overseas or spend it on automation.
You terrible, terrible liar!
That was 4 points, not a couple!
lol xD
Free health care is a joke don’t do it
OP Gaming why ? Please give us more info or a better way
Mind if I borrow this for the people sitting in the back, this is pure truth and I think we could use more of it circulating.
That documentary being narrated by The Illusive Man is at least really on brand.
"Aloominum"
The UK is ashamed of you...
Just sounds wrong with his accent.
Belgian here and everybody says "aluminium" here
Nelch Davies - When in Rome, mispronounce like the Romans do.
And yet Americans say titanium, uranium, helium.....!
@@daveogarf Both Aluminum and Aluminium are valid pronunciations.
Oh my god, that aluminum worker/Melania body switching joke killed me.
So if it took Merkel 11 tries to explain how we have to make a trade deal with the EU, we should assume Trump only needs 5 more bankruptcies to learn how to run businesses properly.
Michael Phillips keep on dreaming 😄 he Will Never Know what he is doing
Nice comment
Dirt McGert
he'll be in GITMO before then.
Every time I hear the name Merkel I think: "Did I do that?"
Closer metaphor is needing 5 more bankruptcies to understand it's not working. Who knows if he'll ever get to doing things properly.
That Aluminum worker/Melania Trump switcheroo was the BEST THING EVER!!!!!!!!!!!!!!!!!!