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The US does not make a lot of consumer goods nowadays. Been to Walmart lately, OG? Try to find an American made non-food item. Truth is that we've forgotten how to manufacture many items. So, imports are a necessity. If not from China then from some other countries. This will continue until the other countries wise up and stop accepting our fiat money.
Extremely ignorant post.
I try to avoid wal mart but a couple months ago I needed an ironing board pronto. Got one there made in USA for like $14.
Except for s couple of things like electronics the US still makes practically anything you could want.
You are either completely ignorant of the realities of manufacturing in the US or simply lying.
Donald Trump inherited unemployment rates that have been steadily falling for 9 years. And Obama had greater drops in unemployment rates during 2016-2017, than Trump had in 2017-2018.
In Obama's last 11 months in office 2.09 million jobs were added.
In the last 11 months while Trump was in office 1.84 million jobs were added.
Go ahead and say it though, it is all due to Obama....
The stock market and unemployment rates are controlled by things like the cost of shipping goods, oil prices, recent new technology, new markets, and consumer trends. And GW Bush, Obama, and Trump have little control over those variables, and most policies enacted by presidents take many years to actually effect things like unemployment rates and stocks.
But if you want to look at unemployment and stock market numbers compared to presidents, Obama beats Trump on unemployment and the stock market. But Trump and his supporters would have everyone believe that Trump is a economic miracle (and they use manipulation and cover up facts to do it.)
And yet consumer and corporate confidence is at a high, Unemployment at its lowest 17 years, the market is doing unexpectedly well (remember Mark Cuban said the world was basically going to end, if Trump got elected), home prices rising. Imagine that.
Go ahead and say it though, it is all due to Obama.... yet here we are 595 days in and the sky still hasn't come crashing down.
So far, so good, says the free-falling man as he passes the 37th floor on his way to a meeting with the sidewalk.
To be clear, I don’t necessarily think that the US economy is headed for a smash up. All I’m saying is that Trump’s efforts are counter-productive to his stated goals. And he won’t pay the price for his mistakes.
The US does not make a lot of consumer goods nowadays. Been to Walmart lately, OG? Try to find an American made non-food item. Truth is that we've forgotten how to manufacture many items. So, imports are a necessity. If not from China then from some other countries. This will continue until the other countries wise up and stop accepting our fiat money.
Quote:
Originally Posted by chad3
Consumer confidence was not noticeably raised by Donald Trump, and the only noticeable recent jump was in late 2014 (see 10 year history.)
Donald Trump inherited unemployment rates that have been steadily falling for 9 years. And Obama had greater drops in unemployment rates during 2016-2017, than Trump had in 2017-2018.
In Obama's last 11 months in office 2.09 million jobs were added.
In the last 11 months while Trump was in office 1.84 million jobs were added.
The stock market and unemployment rates are controlled by things like the cost of shipping goods, oil prices, recent new technology, new markets, and consumer trends. And GW Bush, Obama, and Trump have little control over those variables, and most policies enacted by presidents take many years to actually effect things like unemployment rates and stocks.
But if you want to look at unemployment and stock market numbers compared to presidents, Obama beats Trump on unemployment and the stock market. But Trump and his supporters would have everyone believe that Trump is a economic miracle (and they use manipulation and cover up facts to do it.)
I don’t think you actually understand what you’re posting. I don’t argue any of the numbers. You’re logic is twisted or you just don’t understand business and economics.
Saying we should make everything is just as ridiculous as saying we no longer make anything is.
We still make a LOT but the balance has gotten out of hand.
I don't think you understand what the trade deficit is. It has little to do with the amount of goods we ship out vs. what we bring in. It is the VALUE of goods that we ship out vs. the Value of good we ship in. The sort how many bushels(set at 60 pounds for soybeans) of soybeans(currently going at $8.30) is equal to one iphone X(about $999 each!)? Without looking at the numbers closer, you can't make much of a value judgement.
In fact the cheaper goods are what is allowing the service sector to expand and generally helps GDP which helps over all employment. The issue isn't so much the fact that the item isn't being made in the USA. It is the fact that service jobs often pay less than manufacturing jobs and the lack of skills that many people who used to work those jobs have preventing them from getting into higher paying fields of employment.
And some days we are told the stock market is a barometer of Trump's success but the days it records a loss because of his trade polices -- Trump has nothing to do with it.
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