Trump Plays Dangerous Game Of Chicken With Trade Tariffs

[Humpy]

In Europe unemployment is going to historical lows nowadays and salaries rise. But we don't have a magician like Trump.
In plain English: It is is not a result of Trump, it is just economy that is booming, and by accident it happens while Trump is president.
But politicians always tell it's is their merit... except if things go wrong, because then it is somebody elses fault. And simple people believe this.

Probably one should judge a President's term by praising/criticising the previous President.
It takes some years for the policies to work through giving the next guy a bonus or otherwise.
Gawd help the poor soul who succeeds Dump and has to start over.

 

[schweiz]

this I buy to a certain extent.... easy money policy accounts for most of it.

however, fiscal policies and regulations do make a difference. Obama's energy policies and regulations and obamacare were all head winds, so in the US the economy expanded despite obama. Right now all Trump's moves have been tail winds.

so similarly Europe can be interpreted similarly... the easy money zero interest is the dominant tail wind, then you can make your own judgement if the other government policies are tail or head winds.

I compare it with trading. If the S&P goes up 25% it is no achievement to make 10% return as a trader. If the S&P goes down 1% it is a huge achievement to make 5% return as a trader.
If the odds are in your favor things get much easier. And then the fact that the odds are in your favor are responsible for the"achievement".

 

[dozu888]

I compare it with trading. If the S&P goes up 25% it is no achievement to make 10% return as a trader. If the S&P goes down 1% it is a huge achievement to make 5% return as a trader.
If the odds are in your favor things get much easier. And then the fact that the odds are in your favor are responsible for the"achievement".

that's exactly my argument... the easy money policy, let's say should produce 3% GDP growth... Obama made it 2.5%, and Trump is going to make it 3.5%

 

[Bill.C.]

The best argument I've heard in favor of Trump's tariffs was that he'll leverage them to get better terms, but so far I don't see that happening. There's still no replacement for NAFTA and the administration really needs to sign those bilateral trade deals with Canada and Mexico they promised before we can tell if pulling out was worth it or not.

 

[ironchef]

The best argument I've heard in favor of Trump's tariffs was that he'll leverage them to get better terms, but so far I don't see that happening. There's still no replacement for NAFTA and the administration really needs to sign those bilateral trade deals with Canada and Mexico they promised before we can tell if pulling out was worth it or not.

Trump's biggest problem in trade is China, not Canada or Mexico, so it is natural he is dealing with China (and North Korea) first.

 

[yg10]

that's exactly my argument... the easy money policy, let's say should produce 3% GDP growth... Obama made it 2.5%, and Trump is going to make it 3.5%

Please don't forget that Obama made 2.5% growth from -2.8% in 2009 (increase by 5.3).

 

[dozu888]

Please don't forget that Obama made 2.5% growth from -2.8% in 2009 (increase by 5.3).

Trump could have made it from -2.8 to 3.5 or more. Again, need to dig a little deeper than the MSNBC spin... the american economy is so robust, one hiccup, you give it loose money policy it recovers.... but as I said all Obama's policies were anti-business, energy and health care being the 2 big ones... name 1 thing he actually did, that was a tail wind for the economy.

Please also educate your friends - The economy recovered, DESPITE Obama.

 

[SunTrader]

.... people forget that the USA is a huge economy with close to 95% of the GDP ONLY DONE IN THE USA

Nonsense - as well as the rest of the post that LOL got multiple thumbs up.

Sheeple believing the great 4 times Bankruptcy King is a great deal maker. Hahahaha he is, for HIMSELF only.

Write crap Art of the Deal book check
Trump University scam for some other sheeple (lawsuits galore, shutdown of course) check
Trump Mortgage Co (started in 2006, closed in 2007) check
Trump Steaks - they sold a grand total of less than $50,000 check
Trump Travel website opened 2006, closed 2007 check
Trumpe maga hats (what a fitting acronym) made in China check
Star in Reality TV Show check
Screw Porn Star while married to third wife is pregnant (how's that for family values Republicans?) check

Dozens more failures could be found - if one really wants to know his true complete business history.

Though Trumpkins take note, I am forever grateful he and Russians stole election keeping Shillary from being elected.

 

[SunTrader]

Trump could have made it from -2.8 to 3.5 or more. Again, need to dig a little deeper than the MSNBC spin... the american economy is so robust, one hiccup, you give it loose money policy it recovers.... but as I said all Obama's policies were anti-business, energy and health care being the 2 big ones... name 1 thing he actually did, that was a tail wind for the economy.

Please also educate your friends - The economy recovered, DESPITE Obama.

Reality check is in order.

Pres Trumpy has been in office 16 months so far.

NFP average for his 16 months is 206021

NFP average for Obama's last 16 months was 213438 cough, cough

So the great Jobs Creator (plus the great jobs creating tax cut in place for almost a half year now) haven't done as well as the Dem/Socialist Golfer. Well Trumpy has beaten Obama there, playing 2 to 3 times as much depending on how you parse Trumpy talk of what is and isn't a meeting wink, wink.

On last note: Drill baby, drill baby. Is the price at the pump higher now or when Obama left office? And was U.S. production higher at the end of Obama's 2 terms than when he started? Yeah that's what i thought. Higher production, lower prices. But yet he was bad, bad, bad for business. Consumers of which, don't know about you, but last time I checked I am one of them .... like lower prices. Fuck big oil.

 

[dozu888]

Reality check is in order.

Pres Trumpy has been in office 16 months so far.

NFP average for his 16 months is 206021

NFP average for Obama's last 16 months was 213438 cough, cough

So the great Jobs Creator (plus the great jobs creating tax cut in place for almost a half year now) haven't done as well as the Dem/Socialist Golfer. Well Trumpy has beaten Obama there, playing 2 to 3 times as much depending on how you parse Trumpy talk of what is and isn't a meeting wink, wink.

On last note: Drill baby, drill baby. Is the price at the pump higher now or when Obama left office? And was U.S. production higher at the end of Obama's 2 terms than when he started? Yeah that's what i thought. Higher production, lower prices. But yet he was bad, bad, bad for business. Consumers of which, don't know about you, but last time I checked I am one of them .... like lower prices. Fuck big oil.

so you conveniently pick a stat that is supposed to decrease deeper into a recovery. and conveniently used a short term oil fluctuation for a long term argument.

I could argue that with Trump NFP could have been higher if he started in 2008. and with Obama the oil price could be even higher today without the additional drilling and pipelines.... and my arguments are logical.. regulation cuts, tax cuts help the economy, additional drilling helps the oil supply..... Obama's regulation strangle holds and healthcare mandates hurt the economy.

dig deeper.