Americans overwhelmingly support free trade as concern grows about Trump’s economy: NBC/WSJ poll

Discussion in 'Political Opinions & Beliefs' started by JakeStarkey, Aug 18, 2019.

  1. JakeStarkey

    JakeStarkey Well-Known Member

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    PUBLISHED SUN, AUG 18 2019 9:00 AM EDTUPDATED SUN, AUG 18 2019 9:52 AM EDT

    By more than a 2 to 1 spread, Americans believe in free trade over tariffs.

    Although Americans approve Trump's handling of the economy, that spread is decreased to only a 3% lead (49 to 46) from a 16% lead (50-34) thirteen months ago.

    By a narrow 49%-46% margin, Americans still approve of Trump’s handling of the economy. But that’s down from 51%-41% approval in early May and an even more robust 50%-34% in July 2018.

    Americans like free trade by 64%-27%, an increase from 57%-37% two years ago in Trump's first year.

    Trump's general approval fell from 45% to 43%.

    It appears his hardcore followers in for the long haul, but Trump must be worried that he cannot gain new support.
     
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  2. Sandy Shanks

    Sandy Shanks Well-Known Member Donor

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    There will be very little involvement from Trump's fans on this thread. They don't like talking about what Trump is doing to our great economy.

    That said, historically Americans know very little about history. When the economy is great, the President gets the credit. When the economy is tanking, the President gets the blame.

    The truth is, historically, Presidents have little impact on the economy.

    The best example is the Great Depression. When it began, Hoover was blamed and he lost reelection. Roosevelt worked hard with his New Deal to erase the depression While there were some economic improvements, FDR failed. WWII got us out of the Great Depression.

    Obama deserves little credit for getting us out of the Great Recession. No more than Bush being blamed for the recession which began on his watch.

    Again, President's have little effect on the economy. Of course, the lone exception is Trump. The unpopular President is always the exception to the rule. He is proud of that fact. He is proud of his incompetence. He even jokes about it, and he lies so much we cannot trust anything he says.

    His foolish trade war with China has had a negative effect on our economy. The reason is simple. High tariffs on consumer goods cause inflation. Inflation causes less demand. Less demand cause unemployment. Inflation causes recession, Econ 101.

    Trump has placed high tariffs on Chinese goods and he has threatened more. Tariffs are so damaging to our economy, recently Trump was forced to back off on a 10% tariff on $300B Chinese goods.

    Farmers are the canaries in the coal mine (economy). They are being hurt badly by Trump's trade war with China, so much so they have received billions in welfare to overcome their losses. They don't want the welfare. They want a level playing field, something Trump has denied them.

    Most farmers are, or were, Trump supporters. I told you Trump was incompetent.
     
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  3. Sandy Shanks

    Sandy Shanks Well-Known Member Donor

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    Trump held a conference call with the CEOs of the three biggest U.S. banks when the stock market tanked Wednesday.

    Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat. The Dow had plunged 800 points, or 3%, in its worst day of the year on Wednesday amid a recession warnings.

    Trump asked the three men to give him a read on the health of the U.S. consumer, a. The executives responded by saying the consumer is doing well, but that they could be doing even better if issues including the China-U.S. trade war were resolved.

    The CEOs also told Trump that the trade dispute is damaging the outlook for capital spending by corporations. Trump was receptive to the notion that uncertainty over trade is hurting corporate confidence.

    https://www.cnbc.com/2019/08/16/tru...on-wednesday-as-the-stock-market-plunged.html
     
  4. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

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    Hasn't all this made you realize there is no such thing as 'free' trade?
     
  5. Margot2

    Margot2 Well-Known Member

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    Here's a history lesson to consider.

    Along with the revocation of Versailles, Hitler promised the upper class a strong central government, which would protect their economic interests. To the owners of industrial capacity, he promised opposition to unionization, while at the same time, Hitler promised jobs to the working class.
    What Did Adolf Hitler Promise? | Reference.com
    www.reference.com/history/did-adolf-hitler-promise-c98f9ffab9df68a1
     
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  6. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

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    Did he promise free trade?

    Edit1: Now, this is messed up.
     
    Last edited: Aug 18, 2019
  7. Sandy Shanks

    Sandy Shanks Well-Known Member Donor

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    Trump's trade war with China took a turn for the worst.

    On August 1 Trump announced that the U.S. is putting 10% tariffs on another $300 billion worth of Chinese goods, effective Sept. 1. His announcement resulted in stocks worst week of 2019 amid renewed investor fears about his trade dispute with China.

    China retaliated. China, which has historically controlled its currency, the yuan, allowed it to fall to its lowest level against the dollar in more than a decade.

    "Stocks fell sharply Monday as a trade war between the world’s largest economies intensified with China retaliating against President Donald Trump’s latest move. The move continues a sell-off that began last week when President Trump ordered new tariffs on the rest of Chinese goods."

    https://www.cnbc.com/2019/08/05/us-futures-amid-trade-turmoil-between-beijing-and-washington.html

    Millions of Americans permanently lost millions of dollars in their investment accounts.

    One week was the worst week of the year. It was followed by the worst day of the year, August 5th.

    "Goldman Sachs warned clients on Monday that a trade agreement "now looks far off" because officials in Washington and Beijing are "taking a harder line."

    "The Wall Street firm said the most likely outcome is that no deal will be reached before the 2020 election and that President Donald Trump's threatened 10% tariffs on $300 billion of US goods will remain in place on Election Day."

    https://www.cnn.com/2019/08/06/business/goldman-sachs-trade-war-2020-election/index.html

    Now we come August 13.. Trump changed his mind again, no doubt to save his political skin.

    The US Trade Representative announced a delay in new tariffs on several categories of Chinese-made consumer goods until December 15. Those goods include cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.

    The Dow was up more than 400 points, or 1.6%, in late morning trading following Monday's nearly 400-point drop. The S&P 500 gained 1.5% while the Nasdaq rose 2%.

    "If anyone had doubts that trade was the thing hanging over the market, today seals it," said Bill Stone, chief investment officer with Avalon Investment & Advisory.


    https://www.cnn.com/2019/08/13/investing/dow-stock-market-today-cpi-inflation/index.html

    It took Trump two weeks to learn what most Americans knew all along. His 10% tariff on Chinese goods promised economic disaster, probably an inflation/recession scenario. He will change his mind again before December 15. It will be just as much a disaster then as it is now.

    Caused by recession fears, on August 14 the Dow was down over 800 points, the Nasdaq was down 242 points, and the S&P was down 86 points. The Dow ended up at 25,480 on the 14th. Trump's trade started five months ago. Five months ago the Dow was at 25,710. https://www.zacks.com/stock/news/359798/stock-market-news-for-mar-15-2019

    Trump's fans do not want to hear about such things. Can you blame them? They voted for the idiot.
     
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  8. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

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    I don't mind.

    You might be looking at the wrong person.

     
  9. garyd

    garyd Well-Known Member

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    Get back to me when China is willing to engage in actual free trade as opposed highway robbery.
     
  10. JakeStarkey

    JakeStarkey Well-Known Member

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    The right wing is willing to cut off its nose to spite its face.

    Vote Democratic, because the GOP is hurting the economy and wants to end Social Security.
     
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  11. garyd

    garyd Well-Known Member

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    Vote democrat because demogogues and economic illiterates said so?
     
  12. JakeStarkey

    JakeStarkey Well-Known Member

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    Vote Dems because the GOP will end social security and alway favor big business at the workers expense.
     
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  13. garyd

    garyd Well-Known Member

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    Vote democrat because demagogues and economic illiterates said so?
     
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  14. JakeStarkey

    JakeStarkey Well-Known Member

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    Vote Democrats because they support farmers and the working man, the GOP will kill social security
     
  15. Giftedone

    Giftedone Well-Known Member Past Donor

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    A poll of Fox viewers - 59% stated that they think Trump is tearing the nation apart. Fox viewers.
     
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  16. PrincipleInvestment

    PrincipleInvestment Well-Known Member

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    Democrats don't care about farmers or about free trade. Poll Cummings constituents, poll Booker's or Kamala's. The DNC herd is conditioned to nay-say everything Trump does. Your "save social security" bumper sticker is a joke too. :lol:
     
  17. therooster

    therooster Well-Known Member

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    Might be the funniest post of the year ! Democrats support farmers and the working man! Wow, maybe helping farmers because you are sure great at spreading manure all around the forum !
     
  18. Daggdag

    Daggdag Well-Known Member

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    Free trade wth scumbag, counties like China was a mistake to begin with. China not only allows, but encourages the exploitation of their people by foreign corporations. The reason they are so much ahead of us on manufacturing is because we allow their cheap, slave labor-made products into our country, and almost no tarriffs.

    Free trade should require a minimum standard in wages and labor protections. No sweatshops.
     
  19. Margot2

    Margot2 Well-Known Member

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    Ivanka is Trump's economic advisor now.
     
  20. garyd

    garyd Well-Known Member

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    Got proof or is this just more leftist horse crap? Ivanka is at least a business woman.
     
  21. Observing

    Observing Well-Known Member

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    yes and they also believe in mom and apple pie. Even most progressive Union type agrree the nation benefits from free trade, but how do you get to free trade if the other side does not have free trade or follow the international trade agreement that they signed.
     
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  22. Margot2

    Margot2 Well-Known Member

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    LOLOL.. The Trumps fantasize that they are the new political dynasty and both Don jr and Ivanka will one day be presidents. Daddy sends Ivanka all over the world and especially to African countries to talk economic empowerment and diplomacy.
     
  23. garyd

    garyd Well-Known Member

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    And?
     
  24. doombug

    doombug Well-Known Member

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    When have we ever had free trade? Name a country that has zero tariffs and no restrictions on American made goods.
     
  25. JakeStarkey

    JakeStarkey Well-Known Member

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    JakeStarkey said: PUBLISHED SUN, AUG 18 2019 9:00 AM EDTUPDATED SUN, AUG 18 2019 9:52 AM EDT

    By more than a 2 to 1 spread, Americans believe in free trade over tariffs.

    Although Americans approve Trump's handling of the economy, that spread is decreased to only a 3% lead (49 to 46) from a 16% lead (50-34) thirteen months ago.

    By a narrow 49%-46% margin, Americans still approve of Trump’s handling of the economy. But that’s down from 51%-41% approval in early May and an even more robust 50%-34% in July 2018.

    Americans like free trade by 64%-27%, an increase from 57%-37% two years ago in Trump's first year.

    Trump's general approval fell from 45% to 43%.

    It appears his hardcore followers in for the long haul, but Trump must be worried that he cannot gain new support.

    Not by tariffs, unless you want to put the world into recession.
     

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