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I was just responding to those who think Trump is so tough on China. Shows how he can be cowed by pressure. So he's really tough until he's not.
I'm not a huge fan of Trumps big mouth although sometimes I find it funny, and many of his policies to be honest. Trade is a huge issue though, and is one of the biggest financial threats we face as a nation (2nd to government spending).
I'm not here to bash or support Trump, but his policy on trade, corporate taxes, and illegal immigration is something I agree with. I'd support a more moderate candidate that would continue these policies while embracing more moderate stances on renewable energy, pollution, and things like the WOTUS act(which is far over-reaching....just had a neighbors place down the road that subdivided their lot into two, and the county defined part of the DITCH next to the road as wetlands and forced them to have a buffer around it and a wetlands protection area sign!).
I don't think the postponement of the tariff's is that bad of a thing. There will be a lot of transition for America in returning domestic manufacturing, if it continues to happen. More goods will be transported from within, instead of from our ports. Companies will need to source products from alternate sources, or move/re-open entire plants. This gives this transition time to happen.
As far as "my suffering", its been minimal as I've been doing my best not to buy any Chinese goods for a decade now. The Tariff's are helping to boost domestic competition and I'm actually seeing some items that I couldn't get from anywhere except "made in China" before, now being made in the USA.
A hearty "Welcome to planet Earth," to anyone posting about how "China will suffer more."
Really?
Does anyone honestly believe that a nation that cherishes their children (aside from being darn cute and carrying the family name, it's their retirement plan), then puts up with forced abortions for the good of the country are going to fuss about economic "suffering" due to Trump's stupid tariff war?
We need to seriously consider Thorazine in the water supply.
But back to quantitative easing. Why would we need that? I thought this economy was going great guns, best economy ever. Huge, really. Lowest unemployment rate since God knows when.
I said suffer in reference to the market, and you turn it around about children and the world?
And you want to poison the countries water with thorazine?
You need thorazine GotHereQuickAsICould, and lots of it..
Take a look at the SSE compared to the DOW for the last 4 years and then try to convince us we wont win this trade war..
I'm not a huge fan of Trumps big mouth although sometimes I find it funny, and many of his policies to be honest. Trade is a huge issue though, and is one of the biggest financial threats we face as a nation (2nd to government spending).
I'm not here to bash or support Trump, but his policy on trade, corporate taxes, and illegal immigration is something I agree with. I'd support a more moderate candidate that would continue these policies while embracing more moderate stances on renewable energy, pollution, and things like the WOTUS act(which is far over-reaching....just had a neighbors place down the road that subdivided their lot into two, and the county defined part of the DITCH next to the road as wetlands and forced them to have a buffer around it and a wetlands protection area sign!).
There are ways to deal with China, but Trump's way isn't the way to do it. Others have been more diplomatic and although maybe not gotten far, at least got somewhere if only temporarily. You can't bully people into bending to your will.
And I don't find Trump's actions or tweets funny in the least.
Trump has already added over 2 trillion dollars to the national debt and accomplished nothing. Trump is a failed businessman who is top in one thing, failure resulting in bankruptcy. Trump's money was earned by swindling, refusing to pay his workers and creditors, and in the end bankruptcy. After two years of Trump riding on the efforts of the Obama administration we are seeing the real effect of Trump's failing methods. Now Trump threatens to take the entire US down.
Quantitative easing is a crisis-era money-printing program.
This means Trump just admitted to an upcoming economic crisis.
He gave away trillions to billionaires and companies via tax cuts, yet the economic crisis is on the horizon. His tariff war is a failure.
Everything Trump touhes is a failure. In his private life, usually this ended in a settled lawsuit or bankruptcy. Now he's causing the US economy to fail. He can't simply fix it with a lawsuit.
Republican presidents over the past few decades always put the country into a recession. Then it takes a Democratic president to fix the economy.
When the GOP, courtesy of Paul Ryan and Trump, were promoting the tax cuts, numerous economists said it was a terrible mistake. They said the actions they were taking would limit what could be done if there was a recession. They said tax cuts during an economic boom would create an expansion that could not be sustained and dramatically increase the federal deficit. Trump and Paul Ryan said "it will pay for itself!".
Trump and the GOP constantly complained about QE and low interest rates. They also said the Unemployment rate was fake until Trump was elected, then it was real. Now it turns out Trump's numbers were the fake ones and it was 500K fewer jobs.
Now, our deficit is huge. The tax cuts definitely did not pay for themselves. Not only is our economy looking shaky but so is the global economy, due to tariffs (and no deal Brexit). Suddenly Trump says QE and lower interest rates sound awesome.
Trump took a strong economy on day one and bragged about it as if he had something to do with it. He pulled us out of TPP which only strengthened China. Trump gave out tariffs like Oprah gives out cars, then trashed our allies for good measure. He destroyed farmers but hey, that's okay, let's give them billions of dollars. It is questionable if the markets for farmers will ever return to the way they were because many countries have developed new sources.
The Trump presidency will go down in history as a complete (and unfunny) joke.
When the GOP, courtesy of Paul Ryan and Trump, were promoting the tax cuts, numerous economists said it was a terrible mistake. They said the actions they were taking would limit what could be done if there was a recession. They said tax cuts during an economic boom would create an expansion that could not be sustained and dramatically increase the federal deficit. Trump and Paul Ryan said "it will pay for itself!".
Trump and the GOP constantly complained about QE and low interest rates. They also said the Unemployment rate was fake until Trump was elected, then it was real. Now it turns out Trump's numbers were the fake ones and it was 500K fewer jobs.
Now, our deficit is huge. The tax cuts definitely did not pay for themselves. Not only is our economy looking shaky but so is the global economy, due to tariffs (and no deal Brexit). Suddenly Trump says QE and lower interest rates sound awesome.
Trump took a strong economy on day one and bragged about it as if he had something to do with it. He pulled us out of TPP which only strengthened China. Trump gave out tariffs like Oprah gives out cars, then trashed our allies for good measure. He destroyed farmers but hey, that's okay, let's give them billions of dollars. It is questionable if the markets for farmers will ever return to the way they were because many countries have developed new sources.
The Trump presidency will go down in history as a complete (and unfunny) joke.
Nailed it.
The payday loan tax giveaway to the wealthy did not pay for itself. Federal deficit is on track to a trillion dollars next year.
Republicans who a few years ago were are all about sequestration spending cuts, how we just had to reduce the national debt if we are to avoid financial disaster, ... are silent.
Trump is bragging about the best ever economy and demanding QE and lower interest rates.
Trump is asking that the Fed LOWER RATES. THAT IS EXACTLY WHAT OBAMA DID.
Obama spent $10 trillion to pump up the economy, cut interest rates to zero, and bailed out the banks.
Is that what you want Trump to do????
Libs have a very short memory and simply don't like Trump, but appear to love his policies, as they loved the same actions when Obama did them.
Obama did not tell the Fed to do anything. That’s the point of this conversation. The Fed is supposed to be independent of Presidential whims. However, Trump, in an effort to save his re-election, is trying to clumsily bully the Fed to rescue the economy after he drove it into the ditch.
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