Thurmal34 Posted March 9, 2019 Posted March 9, 2019 On 3/9/2019 at 7:38 AM, Deranged Rhino said: Kasich has zero chance. Expand Maybe he wont grow the trade gap by $100 billion?
Deranged Rhino Posted March 9, 2019 Posted March 9, 2019 That's likely true... because he won't be president and thus won't have the opportunity. 1
TPS Posted March 9, 2019 Posted March 9, 2019 On 3/9/2019 at 7:35 AM, Thurmal34 said: Wasn't sure whether to post this here or start a new thread. Given the fragile and reactionary nature of the posting base here I thought in thread was best. Trade deficit grows by 100 billion under Trump: https://www.reuters.com/article/us-usa-economy-trade/u-s-trade-deficit-hits-10-year-high-in-2018-on-record-imports-idUSKCN1QN1M4?feedType=RSS&feedName=businessNews maybe an adult like Kasich will win in 2020. please. Expand Tiberius posted this earlier. Two related ponts: one, global trading patterns are developed over time as firms make decisions on where to produce and source. Given the significant outsourcing of US production to China and Mexico, trying to change those patterns will take several years at best. Two, Given those current production and sourcing patterns, the "propensity to import" out of income is much higher for the US than the rest of the world's propensity to import US goods. As a consequence, even if the US and world incomes grow by the same rate, the US trade deficit will grow. In 2018, The US grew faster than most countries, which caused the deficit to widen even faster. Until we start making massed-produced consumption goods here, that pattern won't change. An example to help. For every $100 of income growth, the US imports $20; for the rest of the world, they import $15 of US goods for every $100. So even if income is growing at the same rate globally, the US deficit will go up--if global growth goes up by $100, US imports grow by $20 and exports by $15. if the US grows faster than the rest of the world, as happened in 2018, then the trade deficit will grow even wider. This also explains why the only time you see the trade deficit shrink is during a US recession--as income falls, our imports fall faster than our exports. Trump is a victim of his expansionary Keynesian policies last year....and bringing home production will take time.
TH3 Posted March 10, 2019 Posted March 10, 2019 On 3/9/2019 at 12:49 PM, TPS said: Tiberius posted this earlier. Two related ponts: one, global trading patterns are developed over time as firms make decisions on where to produce and source. Given the significant outsourcing of US production to China and Mexico, trying to change those patterns will take several years at best. Two, Given those current production and sourcing patterns, the "propensity to import" out of income is much higher for the US than the rest of the world's propensity to import US goods. As a consequence, even if the US and world incomes grow by the same rate, the US trade deficit will grow. In 2018, The US grew faster than most countries, which caused the deficit to widen even faster. Until we start making massed-produced consumption goods here, that pattern won't change. An example to help. For every $100 of income growth, the US imports $20; for the rest of the world, they import $15 of US goods for every $100. So even if income is growing at the same rate globally, the US deficit will go up--if global growth goes up by $100, US imports grow by $20 and exports by $15. if the US grows faster than the rest of the world, as happened in 2018, then the trade deficit will grow even wider. This also explains why the only time you see the trade deficit shrink is during a US recession--as income falls, our imports fall faster than our exports. Trump is a victim of his expansionary Keynesian policies last year....and bringing home production will take time. Expand Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level
row_33 Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:22 PM, TH3 said: Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level Expand yet he's POTUS and you are giving free comment on a side portion of a terrible football team board...
Deranged Rhino Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:22 PM, TH3 said: Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level Expand "Cave man level" TDS is a hell of an affliction.
Koko78 Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:24 PM, row_33 said: yet he's POTUS and you are giving free comment on a side portion of a terrible football team board... Expand That's 'second rate football team' to you, bub.
Buffalo_Gal Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:22 PM, TH3 said: Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level Expand ? TDS is a helluva drug. 1 1
row_33 Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:31 PM, Koko78 said: That's 'second rate football team' to you, bub. Expand the litany.... started watching them when as a gimmick they ran Juice every play until he was broken bad, Earl Campbell faced the same fate... so for 46 or so years... 6 great years with Kelly 6 good to very years on top of this (one with Juice, one or two with Cribbs, whatever 3-4 other years of decent football) the rest were total garbage to mediocre....
Buffalo_Gal Posted March 10, 2019 Posted March 10, 2019 (edited) On 3/10/2019 at 6:48 PM, row_33 said: the litany.... started watching them when as a gimmick they ran Juice every play until he was broken bad, Earl Campbell faced the same fate... so for 46 or so years... 6 great years with Kelly 6 good to very years on top of this (one with Juice, one or two with Cribbs, whatever 3-4 other years of decent football) the rest were total garbage to mediocre.... Expand But this year... this year will be different! Hope springs eternal when you are Buffalo Bills Fan. ? Edited March 10, 2019 by Buffalo_Gal 1
row_33 Posted March 10, 2019 Posted March 10, 2019 On 3/10/2019 at 6:47 PM, Buffalo_Gal said: ? TDS is a helluva drug. Expand six more years hope he causes all the TDS-bozos to have a conipppption fit every freakin day.... On 3/10/2019 at 6:51 PM, Buffalo_Gal said: But this year... this year will be different! Hope springs eternal when you a Buffalo Bills Fan. ? Expand of course, of course... the worst i can say is they have a QB with a lot of potential and haven't fallen for a horrible FA signing... so that's Utopia the last 20 seasons... 1 1
Trump_is_Mentally_fit Posted March 19, 2019 Posted March 19, 2019 Yet another example of how hate and bigotry, scapegoating and arrogance (because bigotry is nothing more than arrogance) are harmful and stupid Quote HOMER, N.Y. — The fears weigh on Mike McMahon: If one of his undocumented workers gets a traffic ticket, it could prompt an immigration audit of his entire farm. If another gets detained by immigration agents at a roadside checkpoint or in a supermarket parking lot, the rest may flee. And if his undocumented work force disappears overnight, there is no one to replace them. “It keeps me up at night,” said Mr. McMahon, who owns a dairy farm south of Syracuse. “There are people out there who just say, ‘Send them all back and build a wall.’ But they would be facing empty shelves in the grocery store if that were to happen.” Expand https://www.nytimes.com/2019/03/18/nyregion/ny-farmers-undocumented-workers-trump-immigration.html?action=click&module=Top Stories&pgtype=Homepage
Chef Jim Posted March 19, 2019 Posted March 19, 2019 First off what does this have to do with the "Trump Economy" and second there are ways for farmers to hire non-citizens in a legal fashion. I didn't read the article because it's likely BS but I did search if for the word Visa and surprise surprise nothing came up. Oh and when I was a kid farmers didn't rely on illegals to work the fields. I wonder what happened??
Koko78 Posted March 19, 2019 Posted March 19, 2019 On 3/19/2019 at 3:03 PM, Chef Jim said: First off what does this have to do with the "Trump Economy" and second there are ways for farmers to hire non-citizens in a legal fashion. I didn't read the article because it's likely BS but I did search if for the word Visa and surprise surprise nothing came up. Oh and when I was a kid farmers didn't rely on illegals to work the fields. I wonder what happened?? Expand On top of that, there are ways to hire actual citizens for dairy farm work. This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him.
Trump_is_Mentally_fit Posted March 19, 2019 Posted March 19, 2019 On 3/19/2019 at 3:08 PM, Koko78 said: On top of that, there are ways to hire actual citizens for dairy farm work. This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him. Expand What do workers, businesses and farms have to do with the economy? ? No sympathy for a business owner who is being strangled by government overreach? This is purely the result of bigotry driven policy. Let the businesses man hire who he wants, citizen or no citizen.
3rdnlng Posted March 19, 2019 Posted March 19, 2019 This is one big reason why we need to fix our immigration laws, not just "look-away" like the dems want us to do. People like HAHA Gator don't want to fix the problems because then they can't use those problems to fault the right.
row_33 Posted March 19, 2019 Posted March 19, 2019 On 3/19/2019 at 3:08 PM, Koko78 said: On top of that, there are ways to hire actual citizens for dairy farm work. This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him. Expand i have half sympathy for the situation
Koko78 Posted March 19, 2019 Posted March 19, 2019 On 3/19/2019 at 3:30 PM, Tiberius said: What do workers, businesses and farms have to do with the economy? ? No sympathy for a business owner who is being strangled by government overreach? This is purely the result of bigotry driven policy. Let the businesses man hire who he wants, citizen or no citizen. Expand So you don't want the evil capitalist business owner paying his 'fair share' of taxes?
Recommended Posts