Donald Trump

Out of context: Reply #3072

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    • It really is amazing how politics has us living in two completely different realities.IRNlun6
    • Does it?monospaced
    • yesIRNlun6
    • more like one reality with different mindsets. get your rethoric out of child level. if trade war hits recession, we all feel the effects ..neverscared
    • if?IRNlun6
    • There’s one reality.monospaced
    • Yeah. It's about time we stopped lowering the bar for Trump bullshit by calling it a different reality. Facts are facts.CyBrainX
    • The version of reality where some of you think there's a recession? Or the one that might happen in the future?IRNlun6
    • There isn't a recession...yet. But economists are seeing a lot of signs that one might be coming.yuekit
    • The problem for Trump is that even with a good economy, he's got over half the country wanting to vote him out. If that goes, what's left?yuekit
    • And midwest farm states have been hit especially hard by the trade war. The same states that he won by tiny margins last time in order to get elected.yuekit
    • All of that explains why the Trump people seem eager to make some kind of deal with China, even if it leaves the big issues they insisted needed to be addressedyuekit
    • unresolved. China meanwhile has definitely taken a hit economically, but doesn't seem desperate enough to cave on those core issues.yuekit
    • We have some big advantages over China in a trade war. Ironically our trade imbalance is a big one.IRNlun6
    • We import approx. $550 billion in products a year, while only exporting approx. $70 billion. A 100% retaliatory tariff could easily be offset in return.IRNlun6
    • They've had a bad African swine flu that hurt their pork production. They need our pork and soy more than ever.IRNlun6
    • That gigantic landmass they have, only about 11% can be farmed. The rest is toxic, heavily polluted, industrial waste... they've got problems.IRNlun6
    • Steel tariffs and embargo's are not only a wise military strategy but they're also reigniting the steel industry in the US.IRNlun6
    • US politicians have also been fucking us over by selling our production to China. Farm purchases is one, and with the average age of farmers being 50yrs old...IRNlun6
    • ...that was another huge threat. Look at how corporations bow down to China now. Imagine if they controlled our farms.IRNlun6
    • Best argument that could be made regarding a recession is that they're cyclical and eventually we will have one, but not yet.IRNlun6
    • Remember when Trump was going to single-handedly end the Korean war and unify the two Koreas? What happened to that? Those negotiations have gone nowhere.yuekit
    • Trump followers and the pro Trump media are constantly making grandiose predictions that turn out not to be true. Then just forget about it and move on to theyuekit
    • next thing. Yes it's true, the U.S. can inflict economic damage on China. But even in the worst case scenario, the impact on China's GDP is something like 1%.yuekit
    • Look at the current state of negotiations. The fact is that China has NOT given in to U.S. demands and in fact the U.S. has actually reduced their demandsyuekit
    • since the beginning of the year. Why? Because of what I said, U.S. starting to feel some pain and Trump may actually not want to go ahead with further tariffs.yuekit
    • These things take time and never guaranteed. These are issues we've dealt with as a country for literally decades, in NKs case, half a century.IRNlun6
    • Our economy has been incredible for the past 3 years while the rest of the world has been in a recession.IRNlun6
    • This kind of speaks to my original point of living in different realities and I don't mean that as an insult.IRNlun6
    • It's observations and predicting outcomes which impact the way we plan for our futures.IRNlun6
    • In NK's case, that is a plan that with take generations to solve. 50 million people that were conditioned to believe their leader was god, and they have nukes.IRNlun6
    • *correction 25 million peopleIRNlun6
    • Trump's been in office for 3 years. It's unrealistic that these issues would be solved but I see these steps as a positive direction. The market so far agrees.IRNlun6
    • We're the largest economy and largest spenders in the world. Reducing corporate tax rates to 21%, everyone wants to either sell or invest into this market.IRNlun6
    • China needs dollars to settle debts. They owns thousands of companies in debt, they need to lend more money, and they need food. The trade war has hit them hardIRNlun6
    • Sounds like a very low bar you are setting there. Trump himself declared that the North Korea situation was completely solved after briefly meeting withyuekit
    • Kim Jong-Un. And of course one of the main goals of his presidency was to negotiate a new trade deal with China.yuekit
    • The problem is that Trump's approach to "negotiating" is the same every time. Apply pressure via tariffs, bans, blockades, etc and loudly demand that the otheryuekit
    • side do what you want. There is no subtlety at all, no appreciation ironically enough of the nationalist sentiment of the other side.yuekit
    • The world is getting a very rude awakening on China's nationalism and the economic power they've built.IRNlun6
    • China in particular has a long history of being exploited by colonial powers. It's totally unrealistic to expect that they are going to rewrite their own lawsyuekit
    • or change their economic system (which is what the U.S. is demanding) simply due to some tariffs. The only concession that Trump has been able to get out ofyuekit
    • them after three years of negotiations is for China to resume buying U.S. farm exports, which they stopped buying previously during the trade war. That's all!yuekit
    • Many in this country have a reinvigorated patriotism/nationali... from experiencing the loss and now reemerging power.IRNlun6
    • There's no denying that our politicians completely sold us out.IRNlun6
    • Yeah I'm sure the guy that set up "Trump University" would never sell you out :)yuekit
    • But to put it nicely, Trumps style is definitely unique.IRNlun6
    • "experiencing the loss and now reemerging power" I think you might be seriously overestimating the degree of change that has happened since Trump got elected.yuekit
    • The U.S. economy has been steadily growing since the financial crisis a decade ago. Global economy too BTW...yuekit
    • I'm not saying Trump deserves no credit for the helping things along, but tax cuts are not exactly unprecedented either. This is standard American economicyuekit
    • policy. Also questionable how sustainable it is since much of the cost is simply being added to the debt. One thing you can say about China, they may haveyuekit
    • problems, but they are not $22 trillion in debt! That potentially says a lot about the future trajectory of the two countries.yuekit
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