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Old 09-07-2018, 02:41 PM
 
7,343 posts, read 4,321,904 times
Reputation: 7658

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Quote:
Originally Posted by Wells5 View Post
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.
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Old 09-07-2018, 02:57 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,633,082 times
Reputation: 2522
Quote:
Originally Posted by scarabchuck View Post
And yet consumer and corporate confidence is at a high,
Consumer confidence was not noticeably raised by Donald Trump, and the only noticeable recent jump was in late 2014 (see 10 year history.)

https://tradingeconomics.com/united-...mer-confidence

Quote:
Unemployment at its lowest 17 years,
Donald Trump and his supporters use manipulation and cover up facts to give Trump credit for low unemployment rates.

Unemployment rate by year,

2009- 9.9%
2010- 9.3%
2011- 8.5%
2012- 7.9%
2013- 6.7%
2014- 5.6%
2015- 5.0%
2016- 4.7%
2017- 4.1%
2018- 3.8%
https://www.thebalance.com/unemploym...y-year-3305506
https://data.bls.gov/timeseries/LNS14000000

Black unemployment rate by year,

2009- 16.1
2010- 15.5
2011- 15.4
2012- 14.0
2013- 11.9
2014- 10.6
2015- 8.5
2016- 7.9
2017- 6.8
2018- 5.9
https://data.bls.gov/timeseries/LNS14000006

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.

Trump's first-year jobs record was strong. Just not as strong as Obama's last year - Jan. 5, 2018

Quote:
the market is doing unexpectedly well
Trump and his supporters also manipulate and cover up facts to make it appear as Donald Trump helps the stock market like no other.


Obama vs Trump "Early Stock Market Results (first year after inauguration)"

S&P 500
Obama: +43%
Trump: +23%

Dow Jones Industrial Average
Obama: +34%
Trump: +31%

Nasdaq
Obama: +40%
Trump: +32%
https://cabotwealth.com/daily/stock-...rump-vs-obama/

And Bill Clinton also had better stock market gains than Donald Trump.
https://www.forbes.com/sites/johndor...a-and-clinton/

Quote:
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.)
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Old 09-07-2018, 03:19 PM
 
Location: Home is Where You Park It
23,856 posts, read 13,619,352 times
Reputation: 15475
Quote:
Originally Posted by scarabchuck View Post
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.
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Old 09-07-2018, 03:34 PM
 
7,343 posts, read 4,321,904 times
Reputation: 7658
Quote:
Originally Posted by Wells5 View Post
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 View Post
Consumer confidence was not noticeably raised by Donald Trump, and the only noticeable recent jump was in late 2014 (see 10 year history.)

https://tradingeconomics.com/united-...mer-confidence



Donald Trump and his supporters use manipulation and cover up facts to give Trump credit for low unemployment rates.

Unemployment rate by year,

2009- 9.9%
2010- 9.3%
2011- 8.5%
2012- 7.9%
2013- 6.7%
2014- 5.6%
2015- 5.0%
2016- 4.7%
2017- 4.1%
2018- 3.8%
https://www.thebalance.com/unemploym...y-year-3305506
https://data.bls.gov/timeseries/LNS14000000

Black unemployment rate by year,

2009- 16.1
2010- 15.5
2011- 15.4
2012- 14.0
2013- 11.9
2014- 10.6
2015- 8.5
2016- 7.9
2017- 6.8
2018- 5.9
https://data.bls.gov/timeseries/LNS14000006

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.

Trump's first-year jobs record was strong. Just not as strong as Obama's last year - Jan. 5, 2018



Trump and his supporters also manipulate and cover up facts to make it appear as Donald Trump helps the stock market like no other.


Obama vs Trump "Early Stock Market Results (first year after inauguration)"

S&P 500
Obama: +43%
Trump: +23%

Dow Jones Industrial Average
Obama: +34%
Trump: +31%

Nasdaq
Obama: +40%
Trump: +32%
https://cabotwealth.com/daily/stock-...rump-vs-obama/

And Bill Clinton also had better stock market gains than Donald Trump.
https://www.forbes.com/sites/johndor...a-and-clinton/



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.
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Old 09-07-2018, 04:25 PM
 
Location: Ohio
24,624 posts, read 19,044,948 times
Reputation: 21733
Quote:
Originally Posted by redwood66 View Post
Perhaps we should all learn to do without cheap overseas crap.

You don't have the labor.


If you want to do away with imports, you'll need to more than double your population to 750 Million people.


Of course, that's based on an Employment-to-Population Ratio of 64% and a Labor Force Participation Rate of 67%.


At current rates, you'd need a population of 790 Million.


Do you want to allow 430 Million immigrants into the US?


The number of immigrants would out-number the population.


Quote:
Originally Posted by fibonacci View Post
The US is primarily a service based economy. How many people work in health care, finance, IT, education, retail etc.?

1950 and 1960s America doesn't exist anymore, and people really need to get it through their skull that it is never coming back.

That would be the long and the short of it.


Quote:
Originally Posted by Supposn View Post
Mircea, trade deficit reduced (more than otherwise), rather than increased their nation's GDP.

Trade always results in a positive net gain of GDP (plus an increased Standard of Living), and you cannot prove otherwise.


You still cling to the misguided false belief that $1 of imports results in >$1 of GDP.


That has never been the case in history, and it doesn't matter if you're talking about raw materials, semi-finished goods or finished goods.


There are no examples of any State in the 20th or 21st Century that suffered a net loss of GDP due to trade.


For the US, a measly $200 Billion trade deficit is dwarfed by the $3 TRILLION to $4 TRILLION net GDP gain from imports.
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Old 09-07-2018, 08:39 PM
 
7,343 posts, read 4,321,904 times
Reputation: 7658
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.
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Old 09-07-2018, 08:40 PM
 
13,900 posts, read 9,722,909 times
Reputation: 6856
So much winning.
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Old 09-07-2018, 11:55 PM
 
3,695 posts, read 4,962,912 times
Reputation: 2069
Quote:
Originally Posted by madison999 View Post
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.
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Old 09-08-2018, 12:21 AM
 
7,343 posts, read 4,321,904 times
Reputation: 7658
I know what the trade deficit is.

I don’t think we’re really in the same part of the conversation here though.
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Old 09-08-2018, 12:23 AM
 
45,676 posts, read 23,827,195 times
Reputation: 15558
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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