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Trump has NO understanding of economics or trade policies. His blanket, inane, ignorant actions are starting to cost real jobs, and cause real harm. He just doesn't get it.
The process is still working. Trump is taking a risk, but the process is not done yet.
From the link:
A study by the U.S. Chamber of Commerce says “recent and proposed” trade actions by the Trump administration threaten as many as 2.6 million American jobs and will “stymie our economic resurgence.”
Let the DOW drop 10,000 points if that's what it takes to dump trump. I will happily take the hit.
I hope that doesn't happen but it probably will. Mark my words. By 2020, the DOW will be under 12,000, GDP will be contracting, and nationwide unemployment will be back up around 10%. It will be like 2008-10 all over again. Sad thing is that it could have been avoided. We all are going to have to suffer.
Unfortunately the reason people like Trump has nothing to do with economics. It's that they are afraid of a non-white, post-Christian America.
Yes, I'm sure you are soo much smarter that you have the gall someone else ignorant huh..lets see your credentials..
You can start by telling us all how a $550 billion trade deficit with China is totally a great benefit to the US..
The USA has a trade surplus with Canada, yet imposed for "national security" reasons tariffs. And the far right CATO institute says the following:
But are trade deficits necessarily bad for the U.S. economy?
The answer is no. Trade deficits are not a sign of unfair trade practices or a lack of American “competitiveness.” Trade deficits are caused by factors in the macroeconomy that are not directly related to trade. To understand why, journalists should borrow a technique from investigative reporting and “follow the money.”
There is a reason the US Chamber of Commerce, the auto sector, the steel sector and other trade groups have expressed concern about Trump's actions. Here is a partial list of group that are opposed:
you assume there is no plan, but since you are not part of the administration, you are not privy to what trump is working on now are you? but even at this point there are still more jobs open than people to fill them.
Of course there’s no plan. As Bill Maher said, this is a man who didn’t bring a condom when he was going to bang a porn star.
His supporters will not admit that anything he does is wrong or harmful to America they spin everything. If Trump sinks us into an Economic depression worse than the 1930 his fans will say he did a great thing. They are just as dishonest as he is.
His supporters will not admit that anything he does is wrong or harmful to America they spin everything. If Trump sinks us into an Economic depression worse than the 1930 his fans will say he did a great thing. They are just as dishonest as he is.
Why would we admit to Trump doing something "wrong" or "harmful" when the only evidence you submit is based on speculation or theory?
If Trump does anything, you will of course complain either way.
How do you know that? Are you privy to the details on how he is accomplishing his job?
I know how stupid Mnuchin is from reading his comments in the news and listening to programs that discuss his inept readiness to be Sec of Treasury
I know about Navarro because I Goggle him up and read how other economists evaluate his policies
And I see what he is doing "on the job"
NK has not paid any attention to promises made in conversation with Trump
They are already working on their missle plant and not doing anything to demantle their nukes
They have NO INTENTION of doing anything that reduces their military might
Why would they---
They aren't afraid of Trump really--even he is not stupid enough to launch a nuclear attack and have China pissed off
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