MAGA/Greatest Presidency: U.S. Just Borrowed $488 Billion, a Record High for the First Quarter

REAGAN'S HIDDEN 'INDUSTRIAL POLICY' - The New York Times
https://www.nytimes.com/1985/08/04/business/reagan-s-hidden-industrial-policy.html
Aug 4, 1985 - The Reagan plan to shrink America's basic industries has been enormously successful. Since 1981, when the value of the dollar began climbing to unprecedented levels as the budget deficit ballooned, some 2 million jobs have been lost in old-line manufacturing businesses. Steel, autos and others have ...
Yes, I'm well aware. Ronny was a moron, asleep at the wheel. Conservatives laud his persuasive style and popularity, but fail to acknowledge he basically raised globalism into adulthood, inherited from Nixon (another Republican), who officially opened up China for business. Yes, this was a Republican plan, but at every step of the way, Congress approved and endorsed middle-class destroying free trade agreements with Asian mercantalists.

The truth is, it's you old fucks who did us in by voting for all these traitors the last few decades. Not much discernment from the baby boomers, and old fuckers like you (no offense), had a good hand in it, by voting mainline Democrat (Clinton Obama). Come at me with Bernie, and we can talk. Plenty of blame to go around with establishment Repubs who voted Bush12/Reagan. It's shit. But the partisan shit is just clownish. Makes u seem like a paid troll.
 
Yes, I'm well aware. Ronny was a moron, asleep at the wheel. Conservatives laud his persuasive style and popularity, but fail to acknowledge he basically raised globalism into adulthood, inherited from Nixon (another Republican), who officially opened up China for business. Yes, this was a Republican plan, but at every step of the way, Congress approved and endorsed middle-class destroying free trade agreements with Asian mercantalists.

The truth is, it's you old fucks who did us in by voting for all these traitors the last few decades. Not much discernment from the baby boomers, and old fuckers like you (no offense), had a good hand in it, by voting mainline Democrat (Clinton Obama). Come at me with Bernie, and we can talk. Plenty of blame to go around with establishment Repubs who voted Bush12/Reagan. It's shit. But the partisan shit is just clownish. Makes u seem like a paid troll.

But Trump is continuing that, other than twitter rants about trade policy - what has actually been signed or implemented that isn't globalist?
 
exthinker cited this article from the NYTimes...

"And the fastest way to increase their price is to raise the value of the dollar by running huge budget deficits. Presto: these industries are forced to contract."


does anyone see a problem this the premise of the article?
Its no wonder lefties have routinely run economies into the ground.
Its not surprising this ridiculous article was authored by Robert B Reich...


"Shrinking basic industry. Standardized goods, such as basic steel, autos, textiles, commodity chemicals and others that rest on mass or large-batch production are particularly vulnerable to price competition. Thus, the easiest way to reduce their size is to increase their price in world markets - thereby making it difficult for them to export and making it relatively easy for foreign producers to threaten them at home. And the fastest way to increase their price is to raise the value of the dollar by running huge budget deficits. Presto: these industries are forced to contract."
 
Its no wonder lefties have routinely run economies into the ground.

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But Trump is continuing that, other than twitter rants about trade policy - what has actually been signed or implemented that isn't globalist?

Withdrew from TPP. Withdrew from Paris Climate Accord. Ongoing NAFTA renegotiation. Tariffs on Steele and Aluminum. Tariffs on solar panels. Labeled China a currency manipulator and IP cheat. Trump using the specter of favorable trade deals to compel cooperation from international actors for help on NK and Iran (China, specifically). China is the big one, and still under negotiation. Dropped Corp tax rate (brings back business to America). Dereged coal and oil production (keeps energy prices low, which keeps factories in America etc)....
 
Withdrew from TPP.

http://fortune.com/2018/04/12/white-house-explains-trumps-reversal-on-tpp/

Withdrew from Paris Climate Accord.

Meaningless, as you wrote, it was just an accord.

Ongoing NAFTA renegotiation.

Nothing has come off it

Tariffs on Steele and Aluminum.

Reagan and Bush did that too
Tariffs on solar panels.

Done to hurt renewables expansion, no other reason as it cost more jobs in the fitting industry


Labeled China a currency manipulator and IP cheat.

China has not been labeled currency manipulator

https://www.nytimes.com/2018/04/13/us/politics/trump-china-currency-manipulator.html

Trump using the specter of favorable trade deals to compel cooperation from international actors for help on NK and Iran (China, specifically). China is the big one, and still under negotiation.

Again, nothing but talk.


Dropped Corp tax rate (brings back business to America).

Nothing has changed except job growth slowing, the same was done under Bush and Reagan.

Dereged coal and oil production (keeps energy prices low, which keeps factories in America etc)....

Oil production regularly hit new highs under Obama, this is not a unique situation. Coal is obsolete.
 
http://fortune.com/2018/04/12/white-house-explains-trumps-reversal-on-tpp/



Meaningless, as you wrote, it was just an accord.



Nothing has come off it



Reagan and Bush did that too


Done to hurt renewables expansion, no other reason as it cost more jobs in the fitting industry




China has not been labeled currency manipulator

https://www.nytimes.com/2018/04/13/us/politics/trump-china-currency-manipulator.html



Again, nothing but talk.




Nothing has changed except job growth slowing, the same was done under Bush and Reagan.



Oil production regularly hit new highs under Obama, this is not a unique situation. Coal is obsolete.
You're completely biased and not worth listening to. That list is garbage and filled with gross lies.
 
1. I appreciate the article in business insider.
it makes some interesting points about competition from Japan and how corporations decided they had to maximize shareholder value to prevent themselves from being raided.

It vaguely tries to blame deregulation but really shows nothing to do with Reagan.

2. I agree with some of the article. A poster here I may have been Pabst pointed out the mortgage crisis on wall street would not have happened if the Wall Street firms had remained partnerships and had to keep the value of their assets long term for their financial payouts and retirement. Our system did become very short term bonus oriented. Corporate structure does matter.
 
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