Does Donald Trump Know That He can't just declare bankruptcy if he destroys the economy?

[samsingh]

I'm not sure that he knows that breaking the economy or the country can't be reset by declaring bankruptcy - like he has done in the past at least a few times for his companies.

[Renew Deal]

1. No he doesn't.

That's why he recently proposed default

[djean111]

2. I think the TPP and the TTIP will destroy the economy.

But the 1% will be just fine, and Wall Street would get bailed out, as usual. Whether we have a Trump or Hillary presidency.

[rtracey]

6. well

When asked where TPP stands now, Ryan said, “Right now I don’t see the votes there for TPP, because I think the administration negotiated an agreement that has some problems in it, has some flaws in it, and they’re going to have to figure those out and work those out if they want to get the votes to pass it through Congress, which I just don’t see the votes there right now.”

TPP MAY NEVER SEE THE LIGHT OF DAY.

[Angel Martin]

7. If Trump or Sanders is elected

the TPP will never happen.

[rtracey]

11. sorry

Sorry total bullshit, its not totally up to the president, its up to congress to pass treaties. The president can initiate treaties but......

The Constitution provides that the president "shall have Power, by and with the Advice and Consent of the Senate, to make Treaties, provided two-thirds of the Senators present concur"

[Angel Martin]

12. Fast Track and Executive Agreements

Fast Track was created to pass trade agreements by limiting amendments. Renewal was passed by majorities in congress and signed by Obama in 2015.


Executive agreements - changes the vote threshold from a Treaty (2/3 Senate vote) to a simple majority and a Presidential signature.

https://en.wikipedia.org/wiki/Foreign_policy_of_the_United_States#Law

None of these stupid trade deals (NAFTA, WTO, TPP, TTIP) are or were "Treaties". They are all executive agreements.

Clinton could have vetoed NAFTA and the WTO.

Obama could stop TPP and TTIP instead of pushing it.

[HughBeaumont]

3. To paraphrase Spinal Tap . . .

"I think any question that starts off with 'Does Donald Trump know' . . . yeah, that'd be 'NO' . . . "

The same goes for his fucking idiot following.

[annabanana]

4. I doubt he's given it a moments thought.

Like everything else

[SheilaT]

5. Probably not.

He hasn't a clue how government really operates. He's at best only vaguely familiar with the Constitution. He thinks that if he's President it will be like a very long-running episode of "The Apprentice" and that he'll be able to fire anyone he wants, including sitting Congressmen, Senators, and Supreme Court Justices. He'll think he can just tell the military to bomb somewhere and they'll do it.

It will be a very rough four years.

[A HERETIC I AM]

10. He won't do any of that.....

because he'll be too busy building that dopey wall of his.

By himself.

Because there ain't no way in hell Congress is going to appropriate money for such a stupid idea.

Unless of course, Rockwell or Lockheed Martin or Northrup Grumman bid on it. Then it's a go. Because Defense Contractors get all the money they want.

[Katashi_itto]

8. Does it matter?

[Aristus]

9. "I can! I totally can! And I will! It'll be yuge! Yuuuuuge!

Nobody declares bankruptcy better than me. Nobody. Nobody does it better than me. I'm gonna declare bankruptcy, and everybody is gonna love me for it! Love me for it!"