The China threat to America

The China threat to America



Trump has his faults, no doubt about it, but he does love this country and he was just what we needed to turn this economy around from the low paying service and part time economy Obama's policies gave us. Trump knew we could not remain a economic and military power with jobs like that. We were on our way to becoming a third rate country. He knew we could not remain a world military power without our manufacturing base and he went strait ahead to try and bring that back. It was our industrial base that saved our ass in WWII and Obama allowed our military to fall apart. While the Democrats have seen nothing but Russia as our problem, Trump was smart enough to know our real enemy is China. You might think you know it all, but you have much to learn. Trump came along just when we needed him most. Stupid Biden still doesn't see the threat China posses, financially and militarily. The Democrats want to cut military funding.


What the massive US military budget pays for
www.click2houston.com/news/politics/what-the...
When President Donald Trump signed the $1.3 trillion omnibus spending bill on Friday, he approved what his administration calls the largest military budget in US history, $700 billion.( to fix the mess Obama left the military in.
Grounded: Nearly two-thirds of US Navy’s strike fighters ...
https://www.defensenews.com/.../02/06/grounded-nearly-two...
Overhauls — "availabilities" in Navy parlance — are being canceled or deferred, and when ships do come in they need longer to refit. Every carrier overall for at least three years has run long, and some submarines are out of service for prolonged periods, as much as four years or more. One submarine, the Boise, has lost its diving certification …

70% of Marine Aircraft Can't Fly - …
https://www.independentsentinel.com/70-of-marine-aircraft...
Out of 276 F/A-18 Hornet strike fighters in the Marine Corps inventory, only about 30% are ready to fly, according to statistics provided by the Corps. Similarly, only 42 of 147 heavy-lift CH-53E Super Stallion helicopters are airworthy.


China has around a 700 billion trade surplus with us. They are taking our jobs, stealing our company's secrets. Manipulating their money, buying up our factories. Anything to get an advantage over America and become the next super and economic power. When Clinton was President, China rode around on bikes and rickshaws. Today they are the leading auto manufacture in the world. Their new submarine factory can put out twice the number of nuclear subs that we can. Their Navy now has more ships than ours. They are threatening us in the South China Sea where they have built man made islands and put military bases on them. They have threatened us not to sell new planes to Taiwan, who we have a defense treaty with. Our military believes when China gets stronger than ours, they will attack Taiwan, drawing us into a war with them and China and Russia has signed a defense treaty with each other. People need to wake up and see what is going on. Hold your hate for Trump and take a look at what this man has done and trying to do. He sees the danger we face, Biden and the Democrats haven't got a clue.They don't see China as a threat at all. They are still wrapped up with Russia.

 

America is losing jobs to China because the wages here are too damn high. A factory worker in a union gets paid $75/hr while in China they make pennies. Get rid of unions, cut wages, you'll see jobs flocking back.

 

What possible hourly job is worth $75 an hour? That's 150,000 a year. More than members of Congress get paid.

 

Is that all you got out of that article? Even that is wrong.

 

The article talked about the need to bring back the industrial base to fund the military. I'm telling you how.

 

The economy was heading in the right direction when Obama left power. If you "turn around" an economy that is heading in the right direction, it means you point it to the wrong direction. Is that what you believe we're seeing now, then?

 

Headed in the right direction? Where have you been? Obama had the weakest recovery on record. Here is the economy Obama left us.

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid ...
www.nytimes.com/2014/04/28/business/economy/...
Apr 27, 2014 · Economy Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
How good were the 10.9 million jobs under Obama?
Money.CNN.com/2016/11/04/news/economy/jobs-under-obama/...
Nov 03, 2016 · CNNMoney breaks down what kinds of jobs have been created and ... Almost all of the job gains under President Obama have been in so-called service jobs,

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

“Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist, the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.
HTTPS://www.nytimes.com/…/recovery-has-created-far-more-low…



77 percent of 2013 jobs were part-time positions ...
https://www.washingtontimes.com/news/2013/aug/2/part-timer-nation...
Aug 02, 2013 · Fully 77 percent of positions added to the market in 2013 have been part-time, in contrast to the positive economic news making the media rounds, according to payroll reports released in recent weeks.

"There are now 1.2 million fewer jobs in mid- and higher-wage industries than there were before the Great Recession, according to data from the National Employment Law Project. In contrast, there are 2.3 million more jobs in lower-wage sectors than before the recession," according to CNBC. Nor is there the hoped-for renaissance in American manufacturing. We have some 300,000 fewer manufacturing jobs since President Barack Obama took office and 1.5 million jobs below the pre-recession level.

https://www.usnews.com/news/the-report/articles/2015/08/23/the-part-time-economic-recovery

 

The Trump Manufacturing Jobs Boom: 10 Times Obamas's Over 21 Month
The Great Recession officially ended in June 2009, six months into former President Obama’s first term. The economy continued to shed jobs until the following March. Manufacturing was particularly hard hit, with almost 2.3 million manufacturing jobs—some 1 in 6—lost between January 2008 and March 2010.
As is the case during recoveries, jobs bounced back, with seasonally adjusted nonfarm employment expanding almost 12% from March 2010 until January 2017, when President Obama handed over the presidency to Donald Trump.
But during the same period, manufacturing employment grew only 7.7% with manufacturing payrolls virtually flat in the last 21 months of the Obama administration.
We were told it was the new normal.
At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.
Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

 

There are more jobs than people out of work, something the American economy has never experienced before
https://www.cnbc.com/2018/06/05/there-are-more-jobs-than-people-out-of-work.html





Pay gains under Trump best since the Great Recession
www.cnbc.com › 2018/01/31 › pay-gains-under-trump...


Jan 31, 2018 - Workers looking for fatter paychecks had their best year in 2017 since before the financial crisis, according to a government report Wednesday.



Overlooked on economy? Rising paychecks for blue-collar ...
www.usatoday.com/story/opinion/2019/08/14/blue...

Aug 14, 2019 · Blue-collar path to solid paycheck. And as blue-collar workers have seen their wallets thicken, highly educated white-collar workers’ wages have grown more modestly.


· Pay gains under Trump best since the Great Recession
www.cnbc.com/2018/01/31/pay-gains-under-trumps...

Jan 31, 2018 · President Donald Trump's first full year in office saw gains that easily outdistanced any year for his predecessor, Barack Obama, whose best showing was the 2.2 percent increases in 2016 and 2014. Six of Obama's eight years in office saw gains of 2 percent or less.

 

Even the last month before we were aware of the virus, the economy was red hot.

• US Jobs Report January 2020: adds 225,000, much better ...
  https://www.cnbc.com/2020/02/07/us-nonfarm-payrolls-january-2019.html
  Feb 07, 2020 · WASHINGTON — An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates.

 

2014????

Uhmm.... did anybody ever happen to tell you that Obama left the presidency in 2017?

·
Dear God!

I say that the economy was heading in the right direction when Obama left the presidency... and you think that was 2013????

 

Of course! It's easier when you receive a great economy then when you receive the country in the worst recession in almost a century.

But you didn't answer my question. Given that the economy was heading in the right direction, by you saying that Trump "turned it around", are you saying that he set it in the wrong direction?

Or did you just not think what you were posting?

I'm betting you now think it's the latter. Though most likely you were right the first time.

 

Most of the recovery was prior to 2013.

 

Actually it is just the opposite. The easiest more dramatic recovery is from a recession. Once the economy is up and running, further improvements are more difficult. Enter Trump.

 

True. At least all the legislation that led to the recovery was prior to 2013. It takes many years for that type of legislation to sink in. We started seeing the real results in 2016. Everything before that was the result of emergency measures.

 

By all indicators, unemployment, people in poverty, etc, there was little improvement after 2013.

 

Oh I did answer your question, you just ignored it. How is this heading in the right direction?

Headed in the right direction? Where have you been? Obama had the weakest recovery on record. Here is the economy Obama left us.

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid ...
www.nytimes.com/2014/04/28/business/economy/...
Apr 27, 2014 · Economy Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
How good were the 10.9 million jobs under Obama?
Money.CNN.com/2016/11/04/news/economy/jobs-under-obama/...
Nov 03, 2016 · CNNMoney breaks down what kinds of jobs have been created and ... Almost all of the job gains under President Obama have been in so-called service jobs,

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

“Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist, the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.
HTTPS://www.nytimes.com/…/recovery-has-created-far-more-low…



77 percent of 2013 jobs were part-time positions ...
https://www.washingtontimes.com/news/2013/aug/2/part-timer-nation...
Aug 02, 2013 · Fully 77 percent of positions added to the market in 2013 have been part-time, in contrast to the positive economic news making the media rounds, according to payroll reports released in recent weeks.

"There are now 1.2 million fewer jobs in mid- and higher-wage industries than there were before the Great Recession, according to data from the National Employment Law Project. In contrast, there are 2.3 million more jobs in lower-wage sectors than before the recession," according to CNBC. Nor is there the hoped-for renaissance in American manufacturing. We have some 300,000 fewer manufacturing jobs since President Barack Obama took office and 1.5 million jobs below the pre-recession level.

 

No you didn't. Trump's Policy "Magic Wand" Boosts Manufacturing Jobs 399% In First 26 Months Over Obama's Last 26 https://www.forbes.com/.../trumps-policy-magic-wand.../...



But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.


https://www.investors.com/politics/editorials/obama-trump-booming-economy/

 

The "right direction" means "improving". It was improving slowly in 2013 (from where you quoted articles), but was in full recovery mode when Obama left the presidency. But, even if you think the recovery was "weak"... you can't say it wasn't going in the right direction (well... you can if reality has no meaning to you. At which point we would know any discussion with you is meaningless) So even if you were to insist the economy improvement was "weak", it was improving. If you change direction, it's not improving anymore.

 

Where the hell did you get the idea that manufacturing jobs are the indicator of how an economy is doing?

Compare GDP growth, for example. Even though Obama started in a recession, he wipes the floor with Trump's ass.

BTW.... how many manufacturing jobs do we have now?

 

You get the largest improvement when the economy is in recession. It is much harder to get improvement once you get up near full employment. In spite of that, there was further improvement in the economy after Trump was inaugurated.

 

They are a good indicator. They provide employment and they show that people are buying which is a great indicator of a good economy.

 

When there is no way to go but up, I guess you can say that is improving. He had the worse recovery on record. His service and part time jobs gave him the nick name of the Food Stamp President. But being a Democrat I can see where you'd think over 90% of Obama's job creation of low paying service and part time jobs is an improvement. Trump didn't see it that way. America could never remain a economic and military power with jobs like that. His last year in office went down, not up.

 

What the hell are you drinking? He had more jobs, only because he was in the basement. The quality of jobs betwen each man there is no comparison. With Obama's jobs, people were working two jobs or one and on food stamps. With Trump's, over 5 million were able to get off food stamps. We had more jobs than people to fill them Wages for blue collar workers went up 10% and 7 1/2% for white collar workers. You need to get better informed.

 

You realize that the present economy under Trump is the worst in 80 years.
Unemployment over 10%. GDP dropped to -4.5 growth rate. Housing prices stalled. Car sales dropping through
the floor.

Now you can say that it's Covid induced, and it's not Trump faults - but 2007-008 recession was not Obama's fault and neither
were the two wars that were going on when he took office - but it's the hand he was dealt. And this is the hand Trump was dealt.
It is what it is. And Trump's economy going into the election sucks. Bad.