Ridin' with Biden

Biden's America. If you're "ridin with Biden" then your car just ran out of gas at a major intersection. Don't worry, the tow truck is on its way but it costs 300% more due to Bidinflation.



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Tony Stark said:
Ridin with Trump

https://www.epi.org/blog/record-u-s-trade-deficit-in-2018-reflects-failure-of-trumps-trade-policies/

Posted March 7, 2019 at 8:30 am by Robert E. Scott

Record U.S. trade deficit in 2018 reflects failure of Trump’s trade policies

The U.S. Census Bureau reported that the U.S. goods trade deficit reached a record of $891.3 billion in 2018, an increase of $83.8 billion (10.4 percent). The broader goods and services deficit reached $621.0 billion in 2018, an increase of $68.8 billion (12.5 percent). The rapid growth of U.S. trade deficits reflect the failure of Trump administration trade policies, as well as the negative impacts of tax cuts and spending increases, which have sharply increased the federal budget deficit, and tightening of U.S. monetary policy, resulting in upward pressure on interest rates and the real value of the dollar.

The IMF predicts that the U.S. current account deficit—the broadest measure of U.S. trade in goods, services, and income—will nearly double between 2016 and 2022. Unless these trends are offset by a rapid decline in the value of the U.S. dollar, rapidly rising trade deficits could be devastating for U.S. manufacturing, likely giving rise to massive job loss on the scale experienced in the 2000–2007 period, when 3.5 million U.S. manufacturing jobs were lost.

The U.S. goods trade deficit with China reached a new record of $419.2 billion in 2018, up from $375.6 billion in 2017, an increase of $43.6 billion (11.6 percent). United States trade with China is dominated by the deficit in manufactured products. Although the United States has imposed tariffs of 10 to 25 percent on $250 billion in imports from China (about half of total U.S. imports from that country), China has played its ‘ace-in-the-hole’ by allowing it’s currency to fall by roughly 10 percent against the dollar. As a result, the U.S. trade deficit with China increased faster (11.6 percent) than the U.S. deficit with the world as a whole (10.4 percent). While the United States and China are poised to negotiate a deal to end their trade dispute, the proposed deal amounts “much ado about nothing much,” as Paul Krugman puts it. It will do little to reduce the massive imbalance in U.S.–China trade flows.
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Well, you spoke to soon on that one.

Record U.S. trade deficit clearly reflects failure of Biden's trade policies.

Biden set a new record. Way to fucking go Biden!

https://www.marketwatch.com/story/u...ord-1-9-trillion-for-seven-months-11620842664

U.S. budget deficit widens to record $1.9 trillion for seven months
 
https://www.dailymail.co.uk/news/ar...en-suggesting-wasnt-legitimately-elected.html

'His mental and physical condition cannot be ignored': More than 120 retired generals and admirals sign open letter questioning Biden's mental health and backing election fraud claims

  • More than 120 signed the 'Open Letter from Retired Generals and Admirals'
  • The letter questioned the integrity of the U.S. election
  • It also questions Biden's mental fitness, blasts the Iran deal, says 'anarchy' cannot be tolerated, and says 'illegals are flooding our country'
  • It echoes Trump's claims that absentee ballots are not secure
  • Other retired military officers slammed the letter as intrusion in domestic politics
  • Said Retired Adm. Mike Mullen, former chair of the joint chiefs: 'I think it hurts the military and by extension it hurts the country'
 
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