I am glad 40 dollars does not mean much to you. That's 480 a year for some regular folks.
That's week of lunches for kids at school - or those not well off enough and get subsidized lunches - that's an entire months worth. I am glad that 40 dollars will go to help hungry kids. Too bad you don't see it that way. For the party that states they care more about the poor, you surly seem to hate the fact that the tax cuts are putting money in the poor's pockets. Gee, its almost like the left hates when people make money and need the government less. . . . .
Perspective.
My wife and I together will save about 2500 for the year. Thanks, Trump!
And I would rather 40 a month than the 0 I was getting before. Thanks, Trump!
I am glad 40 dollars does not mean much to you. That's 480 a year for some regular folks.
That's week of lunches for kids at school - or those not well off enough and get subsidized lunches - that's an entire months worth. I am glad that 40 dollars will go to help hungry kids. Too bad you don't see it that way. For the party that states they care more about the poor, you surly seem to hate the fact that the tax cuts are putting money in the poor's pockets. Gee, its almost like the left hates when people make money and need the government less. . . . .
Perspective.
My wife and I together will save about 2500 for the year. Thanks, Trump!
And I would rather 40 a month than the 0 I was getting before. Thanks, Trump!
Hope you’re saving it for retirement as the party in charge is now cutting Medicare and has their sights set on SS. So that crumb they dropped next to their table is going to have to float you through your retirement years. But hey $40 now is better than having a safety net after 65 right!
Once again, if such an agreement ever existed, please post a link of where I may view it.
they specifically stated they would created jobs in American if the tax cuts were in place. no need to find the link, for something that is common knowledge, as it has been discussed on here countless times.
So in this specific statement about creating jobs, were they considering the tariffs as well or did that have to be considered separately?
A lot of the people who were cheering the tax cuts were subsequently hurt by the tariffs...
As a businessman you know when sitting down to negotiations has worked well, everyone leaves the table with something given and something received. A fair and balanced deal was achieved.
How anyone can be happy and not willing to fight over the fact that America has walked away from the table a complete loser of a trillion dollars per year, for decades, shocks me.
Suck it up while we try to fix this injustice. If it fails, we will be back to where we were. Losers. But oh baby, if it works!
Did you see the quote going around Facebook and Twitter from the CEO of Harley-Davidson? This is the quote..
Harley Davidson CEO Matthew S Levatich says:
"Our decision to move some of our operations is 100% based on President Trumps tariffs. Mr. Trump knows nothing about economics and even less about trade. The man is a moron."#MAGA @DailyCaller @realDonaldTrump @CNN @GOP pic.twitter.com/Q1wpjUaSx4
— Judy Tinsleman (@tinsleman) June 26, 2018
That's the quote that has been circulating for a couple days.. completely made up. Why do people think they are helping by doing stuff like that?
Did you see the quote going around Facebook and Twitter from the CEO of Harley-Davidson? This is the quote..
Harley Davidson CEO Matthew S Levatich says:
"Our decision to move some of our operations is 100% based on President Trumps tariffs. Mr. Trump knows nothing about economics and even less about trade. The man is a moron."#MAGA @DailyCaller @realDonaldTrump @CNN @GOP pic.twitter.com/Q1wpjUaSx4
— Judy Tinsleman (@tinsleman) June 26, 2018
That's the quote that has been circulating for a couple days.. completely made up. Why do people think they are helping by doing stuff like that?
I have no idea why they do it. I see both sides of the political aisle post crap like that all the time. It seems like they care more about scoring political points than caring about any facts.
Just like willit saying Harley promised to create more jobs with their tax cuts. I haven't seen anyone else claim that and can't find a single source to back that claim up. I don't doubt that he heard that some place or that he believes it to be true. I think he's a good enough of a guy and all. Yet he never could provide a source nor could I find one.
People from both sides seem to believe whatever they want to hear and don't care enough to look close enough to either confirm or deny it.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
So Canada and China are matching Trump's tariffs dollar for dollar, GM says if Trump follows through on car tariffs it will cut lots of jobs, wages, and US investments. Much much more...
Maybe this could actually work to the benefit of the US after all? Then again, the European automakers likely don't have much to lose by competing head to head with American carmakers sans tariffs. I said in another thread I believed the trade policies to be a negotiation tactic. Still nothing definitive yet, but I interpret this as a positive sign that is what the intent was.
Everyone involved knows a trade war is not in their overall best interest. It is interesting (from my perspective at least) to watch how each party with skin in the game responds.
Trump has repeatedly said he wants no tariffs on either side of any trade deal, which I can agree with wholeheartedly. It's the way he's going about getting there that sends me through the roof.
Republicans and businesses are turning on him too over this trade war business.
After three rounds of negotiations Trump has decided to move forward with tariffs. The first round officially starts Friday. China vows not to take the first shot but to return fire dollar for dollar.
Who can take the most pain? Guess we are going to see.
I can understand taking issue with the way it's been approached, especially if you are directly impacted by the tactics. Even if you aren't, I can still understand it.
I read through the links and there is good info to be had there. A couple things that stood out:
Article 1
Quote:
"That’s something everyone should keep in mind when judging his moves on trade: In isolation, they might make some sort of sense, but taken together, the approach is creating a much longer list of American losers than winners."
I take the opposite opinion here. In isolation, I think his moves can make you wonder. But taken together in the grand scheme of things, in the macro view of the economy - I think we come out ahead.
Article 2
Quote:
Kennedy say he thinks the Trump administration's enthusiasm for the conflict "will erode as the economic pain and political fallout from a trade war begin to take hold. At that point, the US will be more interested in negotiations, and the Chinese side will also want to come to the table."
Quote:
"It's still hard for me to believe the Trump administration could develop and negotiate an overarching package with China that genuinely sticks," Kennedy said. "And so I'd expect the two sides to pursue some sort of face-saving deal that looks good on paper but is not enduring."
This is what I thought was the end goal and mentioned it in the other trade war post. I didn't think we'd get to this point however, but here we are. I think the only move you have is to stick with it at this point. Trump raised, China raised back, Trump re-raised - too late to fold or you have no credibility. Trump may have miscalculated here - we'll see.
Article 3
The Fed is always concerned about something. If they aren't, they aren't working hard enough. They raised rates again and they have not publicly backed down from their aggressive plan so I don't imagine they are very concerned at this point.
This last article is an example of decently veiled bias and is the problem with many news sources out there. The impression you get from the article, especially the title, is not very reflective of what the actual sentiment is in my opinion. But hey, that's the sensationalist/polarizing world we occupy currently.
Thanks for posting. Any perceived bias aside, still some good information.
US trade deficit drops to smallest since before 2016 election
Commerce Department said the trade deficit, the gap between what the U.S. exports and what it imports from foreign countries, was $43.1 billion for the month of May, down 6.6 percent from April.
Being happy that our trade deficit is shrinking is like being happy that you're going from a job that pays $100k/yr to one that pays $75k/yr while working the same number of hours. Who would enjoy that? People evaluate it as a zero sum game when thats first off impossible and secondly, a deficit means our demand is growing, which is good for GDP.
Being happy that our trade deficit is shrinking is like being happy that you're going from a job that pays $100k/yr to one that pays $75k/yr while working the same number of hours. Who would enjoy that? People evaluate it as a zero sum game when thats first off impossible and secondly, a deficit means our demand is growing, which is good for GDP.
The best thing on this forum was seeing so many "You run the government like a business. No debt." guys be awestruck by the billion dollar debts of some companies. They just don't understand it at all.
Being unhappy with all the great things President Trump has accomplished in just two years is unhinged.
Maybe this will help you...
US adds 213,000 jobs in June, better than expected, but wage growth is light
Despite increasing talk about the economy being near full employment, hiring continues to grow. Along with June's upside surprise, the Bureau of Labor Statistics revised April's count up from 159,000 to 175,000 and May's from 223,000 to 244,000, a total of 37,000 more than initially stated.
The increase in the unemployment rate came due to a rise in the labor force participation rate, which increased 0.2 percentage points to 62.9 percent as 601,000 people came off the sidelines and re-entered the labor force. A more encompassing measure of unemployment that includes discouraged workers and those at part-time jobs for economic reasons also rose two-tenths, to 7.8 percent.
The employment-to-population ratio held steady at 60.4 percent, tied for the highest level since January 2009.
GDP rose just 2 percent in the first quarter but is widely projected to increase close to 4 percent for the second quarter.
Heck, Trump has leveraged debt incredibly during his career. If you can make bets with other peoples money, you do it EVERY SINGLE TIME. That especially applies to governments who can print fiat currency. Rampant unsecured debt is bad, but secured debt leveraged against something (e.g. real estate with tenants) is one of the best moves you can ever make. Especially real estate.
Simple thought exercise, what makes more sense, assuming you could save $20k a year with the intent of buying a commercial rental property worth $1m: 1 - Save up for 50 years to buy a property outright to rent 2 - Save up 20% for 10 years to take a loan on a property to rent, having the tenants pay your mortgage as well as bring you positive cash flow.
As long as you don't screw it up, #2 is the winner every time, because you'll actually have the property paid off, LONG before you've saved up in time for property #1.
The same occurs with trade. China pays us back with interest because we buy more from them, so we in effect have some leverage on chinese policy, because they are indebted to us. If it was flipped, we'd be beholden to the Chinese because if they stop buying our goods, our economy would take a big hit.
I'm sorry you don't understand the difference between unemployment and global trade. There are good books on the subject on Amazon to clear up your confusion though!
Unfortunately unemployment is a poor indicator of economic health. It's good for taking your pulse, but it won't tell you if you're gonna die of heart disease soon.
Heck the GFC happened in 2007/2008 and we didn't hit peak unemployment for that cycle until late in 2009, over a year after Lehman Brothers collapsed.
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