Jump to content

Trump charged with four counts over 2020 election


Social Media

Recommended Posts

21 minutes ago, Walker88 said:

You cannot refute them.

 

trump's economy---which benefited in the early years from the Obama-led recovery from the Financial Crisis of 2008---was still no big deal before Covid.

 

His Quarterly GDP change before Covid was in the bottom 30% of all quarters since the end of WWII.

 

The $2 trillion tax cut he signed---which did nothing except juice the National Debt---did not even lead to organic growth. The silliness people claimed then of 'businesses repatriating profits' was spurious, as low rates had enticed corporations to issue trillions in new debt. The tax cut just went to corporate bonuses or reworking the balance sheet.

 

Then trump imposed sanctions on China, which made China switch its ag sources, resulting in trump needing to engage in massive new Socialism giving aid to US Farmers.

It was $1.5trillion over 10 years. Then you talk about silliness! 

 

Great. The US China trade balance (deficit) at >USD300+ annually for over a decade:

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

 

 

Link to comment
Share on other sites

7 minutes ago, ozimoron said:

Did Trump reduce the trade imbalance with China?

 

The U.S. trade deficit over the four years of President Donald Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, a new Commerce Department report showed on Friday.

 

The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016.

 

Trump failed in one of his major trade policy goals because the U.S. trade deficit is driven more by macroeconomic factors, like how much a country spends and saves, than it is by tariffs and foreign trade practices, analysts said.

 

https://www.politico.com/news/2021/02/05/2020-trade-figures-trump-failure-deficit-466116

Yes, after 2018 for goods.

 

What is this $916 billion supposed to be??

Link to comment
Share on other sites

45 minutes ago, nauseus said:

If you mean this:

 

The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016.

 

...then this is not merely limited to US-China trade. So you are clearly confusing this. 

 

Your pompous post begins with this:

Did Trump reduce the trade imbalance with China?

 

This is what your article says about that:

 

Deficit with China fell: Trump was successful in bringing down the bilateral trade deficit with China, as result of the tariffs he imposed on more than $350 billion worth of Chinese goods. Final figures show the trade gap with China totaled $311 billion in 2020, down sharply to the record high of $419 billion in 2018.

 

And, yes, I know deficits went up with other countries instead but that is not the issue here.

 

Always better not to lean out of the car window too far.

2018 was particular (I remember there was a storage increase before the application of tariffs).

There was also an effect of the value of the RMB , which reached a peak in 2018, and then decreased significantly. (From 0.159 USD to 0.14 USD)

From the source you posted before, 2017 deficit was 375, and 2019 342, so not a significant impact of tariffs on trade deficit with China.

2020 was the Covid crisis year, so not representative of a 'normal' economic activity.

Edited by candide
  • Like 1
Link to comment
Share on other sites

6 hours ago, nauseus said:

If you mean this:

 

The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016.

 

...then this is not merely limited to US-China trade. So you are clearly confusing this. 

 

Your pompous post begins with this:

Did Trump reduce the trade imbalance with China?

 

This is what your article says about that:

 

Deficit with China fell: Trump was successful in bringing down the bilateral trade deficit with China, as result of the tariffs he imposed on more than $350 billion worth of Chinese goods. Final figures show the trade gap with China totaled $311 billion in 2020, down sharply to the record high of $419 billion in 2018.

 

And, yes, I know deficits went up with other countries instead but that is not the issue here.

 

Always better not to lean out of the car window too far.

The deficit with China reached a record high under Trump, then came down during the Trump recession.

 

Do you think that speaks well of Trump?

  • Like 2
Link to comment
Share on other sites

7 hours ago, Walker88 said:

If your stuff is real, that means trump ran up massive debt on top of the tax cut.

 

Pure disaster in every possible way. Little wonder the miscreant was 6 times bankrupt.

Sounds like you lost confidence in your own numbers.

  • Confused 1
  • Haha 1
Link to comment
Share on other sites

6 hours ago, heybruce said:

The deficit with China reached a record high under Trump, then came down during the Trump recession.

 

Do you think that speaks well of Trump?

The Trump recession? Tell me more.

  • Haha 1
Link to comment
Share on other sites

It would be interesting to hear from the Trumpers as to which of Trump's mooks are going to be indicted. It's not very likely that the Trump Lie Machine has given them any talking points on Trump's accomplices, so they would have to think to respond, and I suspect that thinking would be arduous for most of them.

 

So, Yellowtail, Bignok, Nauseous: who will be indicted?

  • Love It 1
Link to comment
Share on other sites

1 hour ago, Danderman123 said:

The judge in the Jan 6 case has given Trump notice that if he tries to pollute the jury pool with inflammatory statements, she will accelerate the trial date to minimize the damage.

No doubt in my mind inflammatory statements will be made. But I doubt the trail date can be accelerated by much.

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...