The largest trade war in economic history

jomar · Jul 9, 2018

thehaircutgirl said:
it didn't work out well for the poor in the 80s despite what you learned during indoctrination summer camp.

Yep. Again, he doesn’t do real word data and facts.

cowslinger64 · Jul 9, 2018

https://www.yahoo.com/finance/news/apos-mountain-evidence-trump-apos-110000329.html

snip

There's a mountain of evidence that Trump's trade fights will be most harmful to the people who voted for him

Red states that voted for President Donald Trump in 2016 stand more to lose if other countries retaliate against US tariffs, according to economists at Citi.
The benefits of tariffs to domestic producers will be undermined by retaliation that specifically targets sectors this administration champions, Citi said.
In President Donald Trump's trade war, the states he won during the election are the most defenseless.

DeYaKen · Jul 9, 2018

Rightguide said:
That wasn't the question. You're answering a question that wasn't asked. The assertion was the government income was falling, my answer proved government revenues are increasing. The basic assertion and answer in and of itself isn't mitigated or corrected by anything you just posted.

The assertion is that the income is falling in REAL TERMS. If you use dollars raised it is rising and so it should. However, when you look at what those dollars can buy (real terms ) it is falling. The fact of the matter is that the rise is not keeping pace with inflation, and certainly not with economic growth.

DeYaKen · Jul 9, 2018

cowslinger64 said:
https://www.yahoo.com/finance/news/apos-mountain-evidence-trump-apos-110000329.html

snip

There's a mountain of evidence that Trump's trade fights will be most harmful to the people who voted for him

Red states that voted for President Donald Trump in 2016 stand more to lose if other countries retaliate against US tariffs, according to economists at Citi.
The benefits of tariffs to domestic producers will be undermined by retaliation that specifically targets sectors this administration champions, Citi said.
In President Donald Trump's trade war, the states he won during the election are the most defenseless.

The EU tariffs are deliberately targetted on Trump States and swing states.

BoyNextDoor · Jul 9, 2018

Rightguide said:
Did you see the latest Democrat dipshittery?

Dems blast booming jobs report, Trump worker agenda, ‘reckless’
by Paul Bedard
July 06, 2018 10:43 AM

https://www.washingtonexaminer.com/...ming-jobs-report-trump-worker-agenda-reckless

19 times Trump called jobs numbers ‘fake’ before they made him look good

May 31, 2014
“Unemployment is a totally phony number.”

June 16, 2015
“Our real unemployment is anywhere from 18 to 20 percent. Don't believe the 5.6. Don't believe it.”

Sept. 29, 2015
“The number is not reflective. I have seen numbers of 24 percent. I saw a number of 42 percent unemployment. … That number is so false.”

Jan. 17, 2016
“Look again, you hear these phony jobs numbers? People that gave up looking for jobs? They are considered employed.”

May 24, 2016
“You hear a 5 percent unemployment rate. It's such a phony number. That number was put in for presidents and for politicians so that they look good to the people.”

Que · Jul 9, 2018

DeYaKen said:
The assertion is that the income is falling in REAL TERMS. If you use dollars raised it is rising and so it should. However, when you look at what those dollars can buy (real terms ) it is falling. The fact of the matter is that the rise is not keeping pace with inflation, and certainly not with economic growth.

The government pays for its debts in actual dollars; that's the entire point to government monetary policy that creates inflation.

They are paying today's obligations with tomorrow's deflated currency.

There is no such thing as inflation of prices. That is a term of art that was created to cover for the fact that they are in fact debasing their currency.

As far as the purchasing power of those dollars for wage earners where were you during the Obama economy when wages were completely stagnant and prices were rising? In real terms income was falling during the entire Obama administration. I suppose you were out here pounding the drum then, were you?

Que · Jul 9, 2018

jomar said:
Yep. Again, he doesn’t do real word data and facts.

So post some.

Rightguide · Jul 9, 2018

DeYaKen said:
The assertion is that the income is falling in REAL TERMS. If you use dollars raised it is rising and so it should. However, when you look at what those dollars can buy (real terms ) it is falling. The fact of the matter is that the rise is not keeping pace with inflation, and certainly not with economic growth.

This is the assertion:
"Government income falls so the debt gets bigger at a faster rate"

You did not use the phrase "in real terms."

jomar · Jul 9, 2018

Que said:
So post some.

I have, waste of time with that one so his posts are irrelevant to the topic at hand.

Que · Jul 9, 2018

Rightguide said:
This is the assertion:
"Government income falls so the debt gets bigger at a faster rate"

You did not use the phrase "in real terms."

Not to mention the fact that government debt instruments do not magically grow with the CPI, since they are not indexed for "inflation."

BotanyBoy · Jul 9, 2018

DeYaKen said:
It isn't the total number of dollars that matters, it is whether it is sufficient to prevent your debt getting bigger.

Unless (D)'s are in charge....then it's just a number that doesn't matter because we can just raise the debt ceiling.

DeYaKen said:
The EU tariffs are deliberately targetted on Trump States and swing states.

And the states freaking out about it? The blue ones.

Que said:
As far as the purchasing power of those dollars for wage earners where were you during the Obama economy when wages were completely stagnant and prices were rising? In real terms income was falling during the entire Obama administration. I suppose you were out here pounding the drum then, were you?

Nope...the great God King Obama had everything on lock down.

nowisthetime · Jul 9, 2018

BoyNextDoor said:
19 times Trump called jobs numbers ‘fake’ before they made him look good

May 31, 2014
“Unemployment is a totally phony number.”

June 16, 2015
“Our real unemployment is anywhere from 18 to 20 percent. Don't believe the 5.6. Don't believe it.”

Sept. 29, 2015
“The number is not reflective. I have seen numbers of 24 percent. I saw a number of 42 percent unemployment. … That number is so false.”

Jan. 17, 2016
“Look again, you hear these phony jobs numbers? People that gave up looking for jobs? They are considered employed.”

May 24, 2016
“You hear a 5 percent unemployment rate. It's such a phony number. That number was put in for presidents and for politicians so that they look good to the people.”

Thank you, that should shut his arrogant, ignorant ass up. He thinks he is so smart.

Everything he accuses Democrats of doing, his wrinkly leader has done tenfold.

The largest trade war in economic history

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