Trump fires back at Obama, boasts he's got 'magic wand' on economy

LV426 said:
Bullshit.

You haven't looked into shit. You've just repeated something you either gleaned off another poster, or plagiarized from some shitty Op-Ed.

None of you have been able to name one single regulation Trump removed, and how removing it helped the economy.
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And, we won't see the destruction for a few years, as many are enviro regulations.
 
LV426 said:
Yup, and Q3 and Q4 are going to be a disaster because they got their orders out in Q2 ahead of the tariffs.

So fewer orders = fewer manufacturing = fewer sales = fewer jobs

By this time next year, we will probably be in a recession and it's going to be because of Trump and the GOP.
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completely insane, even for you. NOBODY NOWHERE expects any recession!
WTF is wrong with you? -do you despise Trump that much you delude yourself into a coming recession?
 
LV426 said:
Yup, and Q3 and Q4 are going to be a disaster because they got their orders out in Q2 ahead of the tariffs.

So fewer orders = fewer manufacturing = fewer sales = fewer jobs

By this time next year, we will probably be in a recession and it's going to be because of Trump and the GOP.
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Wait until the full damage from the tariffs. Appliances are already more expensive, and autos are going to see huge price increases.
 
Darth Omar said:
Since you’re too lazy and/or partisan to research it, here ya go:

By December 27 last year (“today”), Obama had issued 3,794 rules. Of Obama’s rules, 479 were categorized as “significant.” For Trump, the “significant” subset is 198, again, with some among them constituting rollbacks. (The nomenclature is a mess; I’ve compiled the even costlier “economically significant” subset in play in the Trump administration here.)

https://cei.org/blog/so-what-regulations-did-trump-eliminate
______________

I doubt you’ll bother reading the link, but if you do, you’ll learn that Trump saved 8 billion so far. Which unfortunately, is only a small dent in the 100’s of billions in regulatory state costs.

Pick one yourself lol. There’s only a blue million to choose from.
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Neither of you have attached the regulatory changes to job creation.
 
LV426 said:
WTF?

We had TPP which would have staked out the US' influence in the Pacific Rim. But you fucking short-sighted assholes ditched that, which let China step up and fill the void we were supposed to fill.

What trade deals with China?!? They already have MFN status. They already have imposed tariffs on our products. This isn't trade policy; it's bedlam.
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The TPP was a global trade agreement nightmare for a lrge economy like the US.
you would have small nations filing grievances. It doesn't protect labor.

It was so bad it was the only thing that Hillary/Trump/Bernie all agreed on to stay out of.

MFN and the WTO don't work because when grievances are filed against china ( like for dumping)
nothing really happens, and they continue it.

China use trade barriers as well -like the requirement for JointVenture Chinese partners -which exposes our intellectual property to IP theft

We have to have a bilateral agreement we can enforce ourselves,and not rely on a paper tiger like the WTO
 
anatta said:
completely insane, even for you. NOBODY NOWHERE expects any recession!
WTF is wrong with you? -do you despise Trump that much you delude yourself into a coming recession?
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Trump has primed our economy for a recession with his haphazard, ham-fisted bungling of trade.

Cutting orders in Q3 and Q4 is going to result in less demand for manufacturing. And less demand for that means fewer jobs. And fewer jobs means less consumer spending. If people cut back on their spending, what happens to the economy? And because you morons placed tariffs and started a trade war, consumers will have to pay more for products at the point of sale. So, wages have stagnated and tariffs will push prices higher and kill jobs...that's how recessions start.
 
LV426 said:
Trump has primed our economy for a recession with his haphazard, ham-fisted bungling of trade.

Cutting orders in Q3 and Q4 is going to result in less demand for manufacturing. And less demand for that means fewer jobs. And fewer jobs means less consumer spending. If people cut back on their spending, what happens to the economy? And because you morons placed tariffs and started a trade war, consumers will have to pay more for products at the point of sale. So, wages have stagnated and tariffs will push prices higher and kill jobs...that's how recessions start.
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The Mexico deal, if implemented, will cost the auto industry about 100,000 jobs.
 
anatta said:
The TPP was a global trade agreement nightmare for a lrge economy like the US.
you would have small nations filing grievances. It doesn't protect labor.
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Wow.

You don't seem to know anything about TPP.

Small nations were a part of it, doofus. TPP wasn't between the US and China. There were 12 countries involved. And that partnership would have led to a collective bargaining vs. China, where the US could leverage itself and the 11 other countries in the deal to negotiate for better terms with China, including things like environmental, labor, and copyright protections.

By pulling out of TPP, Trump put the US in the weaker negotiating position when it comes to China, who could really give a shit less about trade with the US because they're focused on building the 21st Century Silk Road.
 
Althea said:
The Mexico deal, if implemented, will cost the auto industry about 100,000 jobs.
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Exactly.

The Conservatives were beating their chests, saying that this "deaL" raised wages for autoworkers to $16/hr. But here's the thing...it only raised wages for Mexican auto workers, and the $16/hr wage is where UAW jobs start. So no jobs are going to come back because of higher Mexican wages. And it's not like the higher wages are going to bring prosperity to Mexico since only about 700,000 Mexicans work in the auto industry. All it's going to do is raise costs for consumers.
 
LV426 said:
Exactly.

The Conservatives were beating their chests, saying that this "deaL" raised wages for autoworkers to $16/hr. But here's the thing...it only raised wages for Mexican auto workers, and the $16/hr wage is where UAW jobs start. So no jobs are going to come back because of higher Mexican wages. And it's not like the higher wages are going to bring prosperity to Mexico since only about 700,000 Mexicans work in the auto industry. All it's going to do is raise costs for consumers.
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Right to work states might pay less for auto manufacturing. The higher labor cost is going to raise the cost of a new vehicle by thousands of dollars, costing jobs.

No word on how this is going to destroy the corn industry either. NAFTA killed Mexico's corn industry, so I'm sure they were demanding cuts to imports of U.S corn.
 
Russian farm trolls will automatically misrepresent what good Americans say.

The fact is: Trump is bad for America, and his supporters are doing America no good in supporting him.
 
LV426 said:
Wow.

You don't seem to know anything about TPP.

Small nations were a part of it, doofus. TPP wasn't between the US and China. There were 12 countries involved. And that partnership would have led to a collective bargaining vs. China, where the US could leverage itself and the 11 other countries in the deal to negotiate for better terms with China, including things like environmental, labor, and copyright protections.

By pulling out of TPP, Trump put the US in the weaker negotiating position when it comes to China, who could really give a shit less about trade with the US because they're focused on building the 21st Century Silk Road.
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OMG.
"1 belt 1 road initiative" ( what you call silk road) is paid for mostly by China.
How do you think China makes it's money? It isn't by agriculture, it's by trade.

To say China isn't focused on trade ( which is the reason for the 1 belt 1 road initiative) shows a gross misunderstanding of the Chinese economy. The US is China's largest trading partner
Banking and trade -but primarily manufacturing and selling abroad- is the life blood of the Chinese economy.

again everyone running for POTUS in 2016 opposed the TPP. Hillary/Bernie and Trump.
You cherry pick my quotes, in no way was I saying China and the US were the full TPP.
Everyone in the world understands that -even Hillary with her late opposition to the TPP after Bernie forced her hand
http://time.com/4065267/trans-pacific-partnership-american-workers/
consider the following:

1. Omitting currency rules from TPP will undermine all of its touted market-opening benefits. Currency manipulation has already caused thousands of U.S. factories to close and millions of workers to lose their jobs. A TPP without currency rules turns a mighty river of offshoring into a tsunami.

2. The inclusion of corporate courts (for investor-to-state dispute settlement) is a win for global business. Giant firms who use the U.S. as a flag of convenience but produce little here can now invest in Australia, Japan and Malaysia, then sue over laws and regulations they don’t like. They will be able to collect billions from taxpayers to compensate for lost profits.

3. It could hurt U.S. automakers. Japanese auto manufacturers are thrilled with the new rules because TPP will reduce U.S. tariffs on cars and trucks Japan sends to the U.S. Those cars may have a Japanese name on the outside, but everything that actually makes it a working car could be Chinese. I don’t know how U.S. Trade Representative Mike Froman can look at any auto supply chain worker in the U.S. (or Canada or Mexico for that matter) and tell them with a straight face that TPP is a good deal.

4. It’s unclear whether the labor provisions will benefit workers. While there may be some small improvements to the labor chapter, we have first-hand experience that rules are worthless without enforcement. Until we see the actual text, we won’t know how much these promises live up to their hype.

Sadly, terrible trade deals have affected working people for the past four decades. Based on past performance, those who believe the same old promises will suffer, while those who wish to abuse and exploit workers with little pushback from governments will profit.
 
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