The China threat to America

Doesn't matter what it was - it is what is it. And that's 10% plus unemployment and the start of technical recession. Trump
may leave office with a lower GDP average than Obama. He's already lower than Carter.

 

They are? Great! How many has Trump created so far this year?

 

Finally!

 

Businesses created 304,000 jobs in January, the Labor Department said on Friday. That number blew away expectations of many economists, who had predicted that about 165,000 jobs would be added in the first month of the year. The transportation, leisure and hospitality, construction, and health care industries led the job gains

 

Added jobs, bad jobs is not up to me. Maybe to Democrats that aren't use to good jobs in the last 8 years under Obama. But I can see where you can see that as a huge improvement.

 

And one month later, all those jobs were gone and we're sitting at over 10% unemployment, and it's not likely to be under 10% by the election, and the economy is diving into a recession.

The economy is what it is - Obama didn't cause the 2008 recession, but he gets blamed for the recovery.
Trump didn't start the virus, but he will be blamed for the recovery.
It's not exactly fair, but it is what it is.

 

And you like other Liberals want to blame Trump for all those lost jobs and the virus? You think Biden can do a better job of bringing Obama's policies and jobs back. better than Trump?

 

No Obama wasn't the blame for the recession. I blame him for chasing all the good jobs away and replacing them with bad jobs because of his stupid policies. How was America to compete after Obama did this? This Democratic Party is talking of going back and doing the same stupid thing.

In a race to the finish, Obama administration presses ahead ...
www.washingtonpost.com/politics/in-a-race-to-the...

• Cached

As the future Trump administration begins to take shape, the Obama White House is engaged in a frenzied, final effort to put in place as many new rules and regulations as time allows.



20,642 New Regulations Added in the Obama Presidency
www.dailysignal.com/2016/05/23/20642-new...

• Cached

More than $22 billion per year in new regulatory costs were imposed on Americans last year, pushing the total burden for the Obama years to exceed $100 billion annually.



The U.S. Has the Highest Corporate Income Tax Rate in the ...
https://taxfoundation.org/us-has-highest-corporate-income-tax-rate-oecd
In today’s globalized world, U.S. Corporations are increasingly at a competitive disadvantage. They currently face the highest statutory corporate income tax rate in the world at 39.1 percent. This overall rate is a combination of our 35 percent federal rate and the average rate levied by U.S. States.

 

Lets be honest, the only reason they are pushing Biden is so he can repeat Obama's policies, plus. Obama will be advising Biden all the way and this economy isn't going to come back under the Democrats like it would under Trump. We needed a business man to come in after Obama left. We don't need to go back to the same failed policies.

 

People are already remembering the Obama years as “the good old days”.
Back when things were always improving. Back when unemployment was 4.5% instead of having 33 million Americans out of work. Back before Trump ran up the National Debt more than anyone in just 3 1/2 years. Back when we were pulling out of a recession, not diving into on.

 

I know what you've been drinking: kool aid. The fact that jobs were created during the Trump administration does not mean they were created because of the Trump administration. Trump has not passed a single piece of legislation that would create all these jobs. Not one!

Competent Presidents govern for the country. Not for themselves. So they implement things that will reach even beyond their term. Not Trump, of course.

All this is due to legislation passed during the Obama administration which, was designed to first get us out of the recession, and then build sustainable growth. It was an idiot-proof plan that only Trump could have botched by mishandling a pandemic.

Anyway... I know that facts and logic are meaningless to Trump loyalists. So I don't even know why I bother explaining this to you.

 

Um, Most mfg jobs left in the 1990s and early 2000s.

According to the link in my next post, Glas-Stegal had more of an impact.

After Gingrich and Clinton signed NAFTA. That was the biggie.

 

US Manufacturing Statistics and Outlook

Reasons for Decline
The biggest reason for the decline is a shift to a service-based economy. Banking and other financial services began growing after 1999 when Congress repealed the Glass-Steagall Act, and the healthcare sector has also grown. Healthcare was 5% of the economy in 1960, but by 2018, it was up to 18%. In 1965, the government began subsidizing hospital costs when it created Medicare and Medicaid, which was one reason for rising health care costs. Health care services also responded to the aging baby boomer generation.
https://www.thebalance.com/u-s-manufacturing-what-it-is-statistics-and-outlook-3305575

 

Opps! Now Trump gets his very own recession. Lets watch.

 

Here’s the thing. From a business point of view, doing business in China makes perfect sense. Less overhead in terms of pay, more people willing to work labor, and companies in the US benefit from Chinese goods because it costs less thus meaning more profit. We can look at China as being our enemy, or we can deal with the reality that doing certain things in China, such as manufacturing , makes the most sense. Those jobs aren’t coming back.

 

Until the recession caused by the virus, every economic metric has been on the same unchanging upward trend since 2010. Nothing changed under trump. They just continued on the same trend.

 

LMAO, so you think Mr. Obatard creating Low-Wage Jobs was a success Or maybe you didn't full grasp the meaning of the sentence, but it was funny to read your reply

 

During a Pandemic, well that would be silly to even consider the question now

 

That's the part the left never recognize IF the tool had at least matched the GDP average before the crash I would have cheered him! But after 8 trillion and all he could muster was a 1.8% average over eight years, well that's horrible economics

 

Yes!!!! Oh... 1000% yes!!!

It's how you start a recovery! From the bottom up.

 

Well.... wait a minute. You (and the poster I responded to) are complaining about how many Obama created during the worst Republican financial crisis in almost a century. Why are you now whining about counting the Pandemic?

And you're not even complaining about the number. What you don't like is the fact that he created jobs for low-skill workers... Which most Republicans consider "inferior". Because you think he should have created jobs for the sons and daughters of the rich who just graduated from college right out of a huge depression.

Don't bother.... I could try to explain the economy to you. But you're not going to read it, because you and I... we both know you won't understand the explanation.

 

1) outsourcing of our manufacturing base happened long before Obama stepped in - Your arrow is not straight.

2) there is much fantasy in the trade surplus numbers - the electronics deficit for example is our companies - Iphones and consumer electronics. China makes squat on that stuff. The value add to China on a 1000 dollar Iphone is something like 3 bucks. = 99% of that deficit number has little to do with China.

3) It is true that China is a competitor - and a threat to our long term economic security on this basis.

4) The idea that China will be some military superpower - and rise over us - is abject nonsense. They have nukes - we have nukes - and we can annihilate each other on a whim. China advancing its conventional forces is not going to change this.

 

Ya but as bad as Mr. Obatard had it, he also could have printed money to solve it which the moron couldn't even do! Now a Pandemic with NO cure, well Golem, there is no amount of money that can buy Trump or any other country out of this disaster, and that's what you and all the leftist can't seem to process

 

Why am I not surprised But it's nice to see you admit Mr. Obatard had the advantage of an economy totally bottomed out with pretty much unlimited money to spur or give the illusion of growth.. But the only problem is those pesky numbers and his were crap, 8 Trill and minimum wage service sector jobs and a 1.8% economic growth. You cant deny it, in history books, but you can convince yourself with enough perseverance ​

 

Trump's going to spend more borrowed money than Obama, and with present economics numbers, he may end up with a lower
average GDP. He's also going to have higher unemployment numbers at the end of his his first term than when he started. Just the way it is.