NEW- Biden overrode appeals of key advisers in rejecting Nippon bid for US Steel
Closed door mtg at WH w/ Biden on Thursday
Unusually large wave of defections - Rahm Emanuel, Jared Bernstein, Kurt Campbell, Antony Blinken, Jonathan Finer, Janet Yellen
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At this point in time, if there is any way to keep American manufacturing in American hands, that is one less leverage taken away from a foreign power in some future, unforeseen situation. If it is financially not feasible, then we have to consider options. But if at all
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Joe Biden said the quiet part out loud: they want to lock Trump up and throw away the key.
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Usually I’m against government interference in markets, but steel is a national security need. Credit where credit is due, Joe Biden staffers.
This is where his cognitive decline really shows. Stubborn in spite of all reason. And now we have another president on the way ftoward downslope in cognition. At the worst possible time.
should consider the idea of a reverse acquisition.
Let US Steel acquire 100% of Nippon Steel using 100% stock. The shareholders of Nippon would be the majority shareholders of the company and then they could decide to do a share repurchase program if they wanted to
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Is the President actually competent enough to override his advisors, or is he, in his senescence, a convenient scapegoat for the political fallout?
I think it was a political move. Biden knew that Trump would block the deal the second he took office.
I don’t understand the opposition to Nippon Steel purchase. Does Biden think they are going to shut down a steel plant and ship it to Japan? Trump is praising foreign investment offering a lower 15% tax rate. Nippon promised an increase in capital spending. Come Monday and US
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President Dementia thought they were trying to get him to reduce his ice cream consumption.
Our great ally gets screwed as well as American workers.
Biden's only goal at this point is to mess things up for Trump. I hope historians take note of this.
Just have to check how Green Nippons plans are for Steel or is it a BAU bailout. Remember the US Government prior investment..
The African petrostate is hoping the US-backed Lobito corridor will attract domestic investors and help fund Angola’s economic transformation.
For every one struggling to read this + WaPo paywall, i'll simplify:
Biden ignored his advisors and blocked the sale of US Steel to Japanese company Nippon.
Unfortunate these political instincts didn't kick in during the campaign
People need to look deeper into this deal and into Nippon …
Nippon has deep, deep ties to the Chinese “government” and had a direct hand in the creation of China’s Baowu Steel Group’s creation. Japan has looked the other way on Nippon for too long.
Are you surprised that Joe Biden pardoned Hunter Biden?
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Have Rahm Emanuel, Kurt Campbell, Janet Yellen ever been on the right side of anything? They never should have been Biden advisers in the first place.
he overroad warnings that his 1.9T stimulus would explode inflation, too. oops
Moderates actually fighting for an issue that they're unquestionably right on? Unacceptable.
Pre-empted Trump's stated position. Good call, policy will sustain in next administration.
Trump will end up reversing this decision because Biden made it. Even though he’s also said they shouldn’t be allowed to sell to nipppon.
dont understand why even got this far. should blocked it when first broached
Wow. Good for that long list of advisers to speak up. Super disappointing for Biden who is not commercially minded to ignore their counsel.
Am I reading this right? Jared Bernstein and Rahm Emanuel actually supported this deal? Or was it just that they weren't insane enough to believe that a Japanese company posed a 'national security' risk?
While the press is ginning up fears, ICE really won’t be doing much differently than it did under not only the first Trump administration, but Obama as well.
Joe Biden’s limited immigration enforcement regime was the outlier.
Just 1 more "from the gut" (aka Trump-like) bad judgment.
His own massive ego believes his self-image he's a hard-hat union guy & this is what HE thinks they want while screwing them over financially. At least & are absolved
He's their fucking boss. It's his fucking call.
Jesus the media sucks
Looks like some people are trying to disassociate themselves from a failed administration. And yet many supported this administration despite the inept leadership at the top.
Uh oh looks like Biden has angered the jews, the only political constituency that matters in this country
"If you like Jack Reacher or Dirk Pitt, you must meet Levi Yoder." - Kevin J. Anderson, New York Times bestselling author.
#MArothman #LeviYoder #thriller #operasinger
Interesting.
Rahm Emanuel: Jewish
Jared Bernstein: Jewish
Kurt Campbell: Jewish
Antony Blinken: Jewish
Jonathan Finer: Jewish
Janet Yellen: Jewish
Is this a coincidence? Were there other dissenters?
There is no large wave of defections from the same advisors to send billions & billions of American tax dollars to apartheid Israel to kill innocent civilians. In 2024 alone, they sent equal to $3,000 per Israeli while they ignored every core issue the democratic base cared about
I’ve had my criticism of Biden but he knows what he is doing. All these other people, who I’m sure are well intentioned, don’t have a clue against how politics works compared to Biden’s experience. If it weren’t for things like IRA and CHIPs I would’ve given up on the party.
Opinion | The Biden administration has delivered an impressive economic recovery, but many voters remember lower prices under Trump.
Here are 17 charts comparing Trump’s economy vs. Biden’s.
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Is there any skepticism in the media that this story was just planted to make it seem like Biden was still making decisions?
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Sherrod Brown
@SenSherrodBrown
NEW: Report details alarming ties between Nippon Steel and the Chinese steel industry. Yet another reason we can’t allow them to buy U.S. Steel.
I can almost guarantee that the US Steel CEO and board member would have gotten lucrative golden parachutes. This after looting the company and paying bonuses instead of investing in new equipment. F every one of them. I'm a Trump supporter, but I agree with Biden on this.
Trump said he agrees
Until the next payoff then he’ll flip flop
If past is prologue.
In a substantial win for American citizens harmed by the Biden-Harris admin’s open-borders policies, a federal judge for the first time held DHS accountable for violating NEPA when taking immigration actions.
Ironic, if not tragic, that political posturing by both Biden and Trump designed to woo swing-state Pennsylvania will now likely result in the departure of U.S. Steel and elimination of Pa.'s steelworker jobs.
Buddy, what is this stupid horseshit? Joe Biden has no idea where he is or what day it is. He didn't "override" anything, you fucking chimp.
No way this man is making decisions in the interests of America.
In recent weeks I have been reliably informed by Experts that it is Dangerous to Our Democracy for non-elected advisors to have influence with the president.