Darth Omar
Russian asset
As was his economy till China F’d us.
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Unemployment Rate Could Rival Great Depression’s
- Thread starter floridafan
- Start date
As was his economy till China F’d us.
Why is America not allowed to have nice things? A generation of poor performance. SORRY!
Because we do not have the political will to get them. Four dozen countries are developing earthquake early warning systems. It is so cheap that Mexico has already got theirs up and running. Our politicians not only refuse to fund it, they refuse to allow California to fund it without federal support.
When we were paying interest rates less than target inflation, basically being paid to take money, Republicans wanted to default and destroy our economy.
I could go on and on. The reason we are not getting nice things anymore is that a Republican minority is blocking it.
Darth Omar
Russian asset
I can.
Disaster.
Well earned disaster.
One day I am optimistic about a recovery.
The next day I think we are in for a long haul.
Darth Omar
Russian asset
And yes much of it was self-inflicted.
You have no clue how hard China has been hit by the virus from China, Walter. The Chinese Communists do not tell the truth.
Are you so ignorant that you believe their death totals?
They nailed the doors shut of people who had the virus from China and allowed them to die.
Get a clue, Walter.
We have no clue how badly they have been hit, but we sure do know how badly they should have been hit. If they are bouncing back faster than us, and taking advantage of the situation, like Hawkeye says, we really should ask why we are not?
One day I am optimistic about a recovery.
The next day I think we are in for a long haul.
When you get to ten years of depression you will be close.
Because we do not have the political will to get them. Four dozen countries are developing earthquake early warning systems. It is so cheap that Mexico has already got theirs up and running. Our politicians not only refuse to fund it, they refuse to allow California to fund it without federal support.
When we were paying interest rates less than target inflation, basically being paid to take money, Republicans wanted to default and destroy our economy.
I could go on and on. The reason we are not getting nice things anymore is that a Republican minority is blocking it.
"Republicans wanted to default and destroy our economy."
A lie, Walter.
Post a link proving this ignorance.
We have no clue how badly they have been hit, but we sure do know how badly they should have been hit. If they are bouncing back faster than us, and taking advantage of the situation, like Hawkeye says, we really should ask why we are not?
You are a sucker for Chinese lies, Walter.
Perhaps even a "useful idiot."
He is POTUS and a multi-billionaire, Walter. You?
trump's inherited wealth has not kept up with the markets. he would have been better served by putting his money into a simple indexed fund, and done the market average with it. While barely keeping up with the market, he also ripped many, many people off. Almost all his investors lost money in his bankruptcies, and the contractors he hired usually went unpaid.
I inherited about a thousand dollars in my entire life. My parents did pay for my education, which is a sort of inheritance. But even with that, I have far outstripped the market with returns. And when my company failed, I worked for years to make sure everyone got paid. That is why people want to work for me... But not so much for trump.
One day I am optimistic about a recovery.
The next day I think we are in for a long haul.
This is America, DO. Even with zero help and even with resistance from the Democrats, we will recover nicely.
Plants and structures and the workers are still extant.
trump's inherited wealth has not kept up with the markets. he would have been better served by putting his money into a simple indexed fund, and done the market average with it. While barely keeping up with the market, he also ripped many, many people off. Almost all his investors lost money in his bankruptcies, and the contractors he hired usually went unpaid.
I inherited about a thousand dollars in my entire life. My parents did pay for my education, which is a sort of inheritance. But even with that, I have far outstripped the market with returns. And when my company failed, I worked for years to make sure everyone got paid. That is why people want to work for me... But not so much for trump.
Sure, Walter.
"And when my company failed..."
President Trump is POTUS and a multi billionaire.
You?
Yet, you posted of a coming "dark ages" Walter.
A dark age is of course a possibility, but far from a certainty.
By the way, Dark Ages were also related to deflation. The Roman Empire survived fine on hyperinflation, but deflation ate its economy. Deflation was a definite cause of the Great Depression. I think we forget how bad deflation is.
Why do you lie, Walter? You always get caught.
Why do you lie Earl? You always get caught.
Trump Says He Made Up Deficit Claim in Talk with Trudeau, Baffling Canadians
By Ian Austen and Dan Bilefsky
March 15, 2018
81
OTTAWA — First were the tariffs on Canadian softwood lumber. Then came a trade action over a Canadian jetliner, and duties on newsprint. Most recently the United States and Canada battled over potentially crippling duties on steel and aluminum that President Trump introduced last week.
And all along the two countries have been fighting over renegotiations of the North American Free Trade Agreement.
Now comes the latest slight to Canada from its closest ally and nearest neighbor: a report by The Washington Post on Thursday that Mr. Trump boasted at a private fund-raising event that he made up an assertion that the United States had a trade deficit with Canada during a meeting with Prime Minister Justin Trudeau.
Trade with the United States is a critical part of Canada’s export-dependent economy, and the actions and statements from the Trump administration concerning the two countries’ economic relationship have provoked equal parts anxiety, puzzlement and anger within Canada.
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The president’s reported comments dominated the news in Canada on Thursday morning and were greeted with bafflement by some Canadians.
“I thought it was a dumb comment but I wasn’t surprised,” said Mark Warner, an international trade lawyer in Toronto. “If it came from any other world leader it would be troubling. But pretty obviously he’s not a details guy and he’s kind of got a negotiating strategy of being in the moment.”
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In Quebec, where Mr. Trump’s aggressive trade tactics, protectionist impulses and “America First” mantra have been met with concern and bemusement, Canadians were not impressed by what some construed as just the latest example of “lies” and obfuscation by Mr. Trump.
“It is scary, as his lying has become the new normal,” said Cory Whiteduck, a 35-year-old radio host and cigarette seller in Kitigan Zibi reserve, near Maniwaki, Quebec, about 85 miles north of Ottawa. “Normally it would raise red flags, and a politician would be in trouble. It is not a productive way of doing things or a good mentality.”
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Michel Pronovost, a retired construction worker, said Mr. Trudeau was, by now, accustomed to Mr. Trump’s creativity with the facts.
ImageMichel Pronovost
Michel Pronovost
Credit...Jasmin Lavoie
“Do you really think he didn’t know that Trump was lying to him?” he asked. “Of course, he knew.” But he added that while Mr. Trump’s protectionism was bad for Canada, he was “trying to protect his own people, just like China or any country would do.”
Some Americans denounced Mr. Trump’s admission, including Bruce A. Heyman, the United States’ ambassador to Canada under President Barack Obama, who spoke out in a series of posts on Twitter.
“Creating a crisis where none existed before is no way to run our country,” Mr. Heyman posted. “Canada is our best friend and don’t ever forget it! We should never put the relationship at risk.”
He added: “When I left it was the best relationship the U.S.A. had in the world. The President is casually throwing Canada under the bus and this is just wrong.”
Determining trade balances is not straightforward. According to the United States trade office, the United States had a $12.1 billion deficit in the trade in goods with Canada in 2016. But that was more than offset by a $24.6 billion surplus in the United States’ favor in trade in services.
In a statement, the Canadian government noted the United States trade representative’s finding of a surplus. Mr. Trudeau’s office declined to comment.
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On Thursday morning, Mr. Trump was not backing down. On Twitter he wrote: “We do have a Trade Deficit with Canada, as we do with almost all countries (some of them massive). P.M. Justin Trudeau of Canada, a very good guy, doesn’t like saying that Canada has a Surplus vs. the U.S. (negotiating), but they do … they almost all do … and that’s how I know!”
Trade disputes between Canada and the United States have not run a straight course. After Washington introduced the duties on steel and aluminum, it suspended them for Canada.
But officials in Mr. Trump’s administration insist that the United States runs a steel trade deficit with Canada, even though figures from both governments show that trade is balanced.
The trade action over the new Canadian jetliner was ultimately dropped, but not before threatening the future of Bombardier, one of Canada’s largest industrial companies.
After demanding that the North American Free Trade Agreement be reopened, Mr. Trump’s negotiators presented a list of demands that Canada has declared unacceptable. Mr. Trudeau has said that Canada is prepared to abandon Nafta rather than accept a “bad deal.”
https://www.nytimes.com/2018/03/15/world/canada/trump-trudeau-trade.html
A dark age is of course a possibility, but far from a certainty.
By the way, Dark Ages were also related to deflation. The Roman Empire survived fine on hyperinflation, but deflation ate its economy. Deflation was a definite cause of the Great Depression. I think we forget how bad deflation is.
"And when my company failed..."
President Trump is POTUS and a multi billionaire.
You?
"Republicans wanted to default and destroy our economy." A lie, Walter.
Republicans authorized spending, but not the debt ceiling increase to make that spending work. That meant that we nearly had a default.
Why do you lie Earl? You always get caught.
Well, Walter, I posted nada about Trudeau.
You lied...again.
"And when my company failed..."
I have had success and failure. Anyone who says they have never failed is not challenging themselves.
Republicans authorized spending, but not the debt ceiling increase to make that spending work. That meant that we nearly had a default.
All spending bills originate in the House, Walter.
I have had success and failure. Anyone who says they have never failed is not challenging themselves.
Or, they are a failure, like you, Walter.