Economics Thread

[Garmel]

I don't know about that. creepy joe has been slamming them for years about their treatment of the Uighurs and the situation in Hong Kong. He would bring that up at times when those were not sexy headline news. Which tells me he is committed to holding China to account. creepy joe even knows how to pronounce Uighur. I wonder if very poorly chosen one even knows what an Uighur is.

The poorly chosen one knows China is a threat. Biden thinks that China isn't a competitor. https://www.nbcnews.com/politics/202...-pols-n1001236
Trump may or may not know what an Uighur is but he knew that ISIS wasn't the JV team, which is more than I can say about Obama.

[Garmel]

So you still didnt use google. I am not your google bot.

Trade deficits grew under Obama in regards to China. Google that.

[cajunrevenge]

Trade deficits grew under Obama in regards to China. Google that.

Challenge accepted. Lets list the deficit by year with China.


https://www.census.gov/foreign-trade/balance/c5700.html



2009- -226,877.2

2010- -273,041.6

2011- -295,249.7

2012- -315,102.5

2013- -318,683.8

2014- -344,817.7

2015- -367,328.3

2016- -346,825.2

Trump


2017- -375,167.9

2018- -418,953.9

2019- -345,204.2



So Obama first 3 years equals about -800,000. Trump in his first 3 years -1,140,000. In fact Trumps first 2 years is only -6,000 short of Obama's first 3 years. All figures are in the millions.

[Krgrecw]

I don't know about that. creepy joe has been slamming them for years about their treatment of the Uighurs and the situation in Hong Kong. He would bring that up at times when those were not sexy headline news. Which tells me he is committed to holding China to account. creepy joe even knows how to pronounce Uighur. I wonder if very poorly chosen one even knows what a Uighur is.

Sleepy joe wasnt president when he made those comments.

[Garmel]

Challenge accepted. Lets list the deficit by year with China.


https://www.census.gov/foreign-trade/balance/c5700.html



2009- -226,877.2

2010- -273,041.6

2011- -295,249.7

2012- -315,102.5

2013- -318,683.8

2014- -344,817.7

2015- -367,328.3

2016- -346,825.2

Trump


2017- -375,167.9

2018- -418,953.9

2019- -345,204.2



So Obama first 3 years equals about -800,000. Trump in his first 3 years -1,140,000. In fact Trumps first 2 years is only -6,000 short of Obama's first 3 years. All figures are in the millions.

Just a continuation of Obama's bad trade policies that Trump hadn't fixed yet. I have admitted to Trump's problem above but he did a good trade deal that will pay dividends and we will be better off with him than under Obama when it's all said and done. However, that was not the cusp of the argument, was it? You kept telling me Obama did some knocked out deal with China that didn't exist.

[sturg33]

Why do we care about trade deficits?

My trade deficit with Amazon is really underwater

[thethe]

Why do we care about trade deficits?

My trade deficit with Amazon is really underwater

Keeping cost of goods sold in america will lead to an overall better economy.

[cajunrevenge]

Just a continuation of Obama's bad trade policies that Trump hadn't fixed yet. I have admitted to Trump's problem above but he did a good trade deal that will pay dividends and we will be better off with him than under Obama when it's all said and done. However, that was not the cusp of the argument, was it? You kept telling me Obama did some knocked out deal with China that didn't exist.

Okay, and the defecit existed long before Obama came along. Exports to China were in the 60,000 range under Bush and Obama's first year which you admit is reflective of the previous administrations trade policy. If we do the same with 2017 which as you said is still Obama's trade policy in effect Obama grew exports to 129,000. About double exports under GWB. 2017 wasnt a spike either as we exported from 115,000 - 123,000 the other years. How did it go since then under Trump? Exports fell to 126,000 in 2018 and 106,000 in 2019. I will give Trump a break and say the low 2019 total is due to the virus hitting China. 2020 probably also wont be an accurate reflection either but the point remains. Exports did not go up and imports skyrocketed under Trump. Great deal bro.



Now let's talk about USMCA which is 95% NAFTA with a few bells and whistles. Negotiated a pay raise for Mexican workers. Maybe that's how they will pay for the wall.

[Garmel]

Exports under Obama are growing at about the same as it did under Bush. No magic there. It's been the highest ever under Trump but it has hit a wall recently but that will change quickly.

[cajunrevenge]

When did we stop talking about China and switch to trade with everyone? When you saw that wasnt working out? I didnt even know the trade data ahead of time. I just googled and posted.

[Garmel]

Really no difference. It's been climbing steadily until Trump's tariffs took effect.

[thethe]

Just wait till states fully open.

This economy was GAINING momentum in late January early Feb. People too often forget that.

[cajunrevenge]

So thethe. If we end Trumps Presidency at 5% unemployment and under Biden it goes down to 4% does that mean Biden gets all the credit? How about if the economy improves but increases debt spending the same rate trump did.

[sturg33]

Could we... maybe hire a Libertarian?

[chop2chip]

@thethe

Didn’t see you crawl in to comment on stocks today.

[thethe]

@thethe

Didn’t see you crawl in to comment on stocks today.

I'm still considerably up and planning for retirement when my return is over 200% in a years time.

Clear market corrections are an opportunity and not sad things.

But you now like others here cant stand me so this commentary is not surprising

[chop2chip]

I'm still considerably up and planning for retirement when my return is over 200% in a years time.

Clear market corrections are an opportunity and not sad things.

But you now like others here cant stand me so this commentary is not surprising

Not even close to true. I have always enjoyed your posts.

Good nature ribbing will do you a lot of good.

[cajunrevenge]

Dont hate you thethe. You are fascinating. Love your optimism when it comes to the Braves.

[Krgrecw]

I'm still considerably up and planning for retirement when my return is over 200% in a years time.

Clear market corrections are an opportunity and not sad things.

But you now like others here cant stand me so this commentary is not surprising

Be prepared to sell off a lot if Trump losses.

[57Brave]

Cyrus Toulabi
@CyrusToulabi
·
6h
#FTR: The U.S. entered a recession at least a month before any state issued a stay at home order...

no wonder one goes bankrupt running a gambling casino ?
Playing " with house money"