Wall Street Journal Admits US Economy Sailed Through Trade War with Barely a Scratch

Discussion in 'Current Events' started by Paul7, Jan 13, 2020.

  1. AKS

    AKS Banned

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  2. Zorro

    Zorro Well-Known Member

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    ARE YOU TIRED OF WINNING YET? For First Time in 26 Years, All U.S. Metros Enjoyed Income Gains.

    “Americans in every U.S. metropolitan area experienced economic prosperity in 2018, according to a recent report from the Bureau of Economic Analysis. For the first time in 26 years, no metro area saw per-capita incomes fall that year — the latest available data — and it was only the fourth time since 1970 that every U.S. urban region experienced prosperity.”​
     
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  3. BuckyBadger

    BuckyBadger Well-Known Member

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    Trump's economy has been far superior to Obama's, that is for sure. Looking forward to another 4 years of Trump and hopefully a 12-20 year Republican run. We just need the House and Senate for that long to fix the country for good.
     
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  4. AKS

    AKS Banned

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    Imagine how awesome it would have been without the trade war albatross?
     
  5. Paul7

    Paul7 Well-Known Member

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    According to the OP, that had little effect. We've also collected billions is tariffs that we wouldn't have under Obama.
     
    Last edited: Jan 14, 2020
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  6. archives

    archives Well-Known Member

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    That is kinda humorous, the only thing Trump being a businessman has bought to the role of President is how to scam millions off of the American taxpayer for himself, you didn't really think he has his weekend golf junkets at his properties cause he prefers his own courses did you?
     
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  7. archives

    archives Well-Known Member

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    Tarifff is a tax, we, and American companies, are paying indirectly those tariffs
     
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  8. Paul7

    Paul7 Well-Known Member

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    Bunk, he doesn't take a salary, moving into the WH was downsizing for him, and his lost opportunity costs of being sidelined from business have been in the millions if not more.
     
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  9. rahl

    rahl Banned

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    Why do you guys keep repeating this proven falsehood? Every economic metric has remained on the exact same unchanging trend line since 2010.
     
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  10. Paul7

    Paul7 Well-Known Member

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    It's how we raised most of our revenue before the income tax. Whatever we pay more in tariffs has been offset by tax cuts, which for me anyway saved about $14K last year. Nice to hear a liberal admit taxes are only passed on to the consumer, though.
     
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  11. Paul7

    Paul7 Well-Known Member

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    So the debt is Obama's fault, right?
     
  12. archives

    archives Well-Known Member

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    Trump doesn't give a rat's ass about deficits and debt, all he is concerned with is keeping the most money he can thru the Gov't in circulation to support the economy for his own political ends

    What is noteworthy is the total failure of the GOP to support the folly, for decades they told anyone who would listen they were for all about deficits and debt, and now, just like several other of their supposed party principles they stood for, they are all in on Trump
     
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  13. rahl

    rahl Banned

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    Some of it. Most was due to the worst recession in 80 years. That tends to tank revenues, and increased spending is needed to pull out of it. What’s trump excuse for outspending Obama, in a “booming economy”?
     
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  14. archives

    archives Well-Known Member

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    He is correct, we have had a bull Market since 2010 and unemployment has been declining steadily since 2011, Trump inherited the wave

    And Obama did add substantially to the debt, but keep in mind Obama was facing two wars, an unpaid drug prescription program, and a rescission of historical proportions, Trump faces none of that yet he is due to add as much to the debt as Obama did confronting those realities.

    In addition, Gov't discretionary spending decreased every year for the last four years of Obama's term in office, it has increased, considerably, during Trump's first three years in office
     
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  15. AKS

    AKS Banned

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    That's not what the OP said. It said that we weren't negatively affected (A fairly dubious claim ATM) but didn't opine on how much better we might be had there been no moronic trade war in the first place.
    What's hilarious is that you then seem to think that collected tariffs are a good thing. They are most definitely NOT. They are only an extra tax on consumers. So, we've had a stealth tax increase and exploding debt. What kind if economically illiterate fool would think that's a good thing?
     
  16. vman12

    vman12 Well-Known Member Past Donor

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    You're welcome to grow your own food.

    I'd say that's problematic for all the kale eating leftists.
     
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  17. cd8ed

    cd8ed Well-Known Member Past Donor

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    I have a small garden so I already do grow some of my own food, meet is purchased locally. What’s wrong with kale?

    Anyway, domestic produce and farmers who supply the nation are not the ones trump is paying off — it is the ones that shifted their business to sell to China. Your narrative fails on all fronts.
     
  18. vman12

    vman12 Well-Known Member Past Donor

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    Well if you have a personal garden clearly you'll be fine. I see you enjoy kale.

    Right. We have different farmers in the US. One group grows the food you eat, the other group grows food to sell to China.
     
  19. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    Dems said we’d have a depression worse than 1929 with Trump’s trade war.
     
  20. cd8ed

    cd8ed Well-Known Member Past Donor

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    Correct, so how would domestic food supply be impacted because a soybean farmer that sells exclusively to China and was decimated by the trump tariffs but not bailed out? Y’all love welfare, as long it is for the wealthy.
     
  21. Paul7

    Paul7 Well-Known Member

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    Reagan inherited an economy just as bad, he fixed it, using many of the same policies Trump is, i.e. getting taxes and regulation off the backs of the job creators.

    Most of it is due to entitlements, has Nancy said she wants to tackle that one?
     
  22. Paul7

    Paul7 Well-Known Member

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    Not really, look at the five year chart, after being flat for a year the DJIA began rising in 11/16, IMHO due to expectations of Trump lowering taxes and regulation.

    https://www.tradingview.com/symbols/DJ-DJI/

    LOL, Obama didn't get these record low unemployment levels in eight years that Trump got in three, despite having 0% interest rates.
     
    Last edited: Jan 15, 2020
  23. Par10

    Par10 Well-Known Member

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    No. GM gave the government stock to cover the rest which is $14 billion, which is almost three times as much as Trump asked for to build his wall. GM stock would have to be worth $125 a share for the government to break even. It's currently around $35/share.
     
  24. cd8ed

    cd8ed Well-Known Member Past Donor

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    9 Billion was what was left over after funds were repaid — as opposed to the vs 28 Billion that will never be repaid. On top of that, when many of these farm bailouts end — those farmers go out of business unless they have founds a new crop.

    So it is not really even a bailout — it’s corporate welfare.
     
  25. 61falcon

    61falcon Well-Known Member

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    Isn't bailing out the farmers something a socialist government would do????
     

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