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The Trump Economy


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4 hours ago, Thurmal34 said:

Wasn't sure whether to post this here or start a new thread. Given the fragile and reactionary nature of the posting base here I thought in thread was best.

 

Trade deficit grows by 100 billion under Trump:

 

https://www.reuters.com/article/us-usa-economy-trade/u-s-trade-deficit-hits-10-year-high-in-2018-on-record-imports-idUSKCN1QN1M4?feedType=RSS&feedName=businessNews

 

maybe an adult like Kasich will win in 2020.

 

please.

Tiberius posted this earlier. Two related ponts: one, global trading patterns are developed over time as firms make decisions on where to produce and source. Given the significant outsourcing of US production to China and Mexico, trying to change those patterns will take several years at best. Two, Given those current production and sourcing patterns, the "propensity to import" out of income is much higher for the US than the rest of the world's propensity to import US goods. As a consequence, even if the US and world incomes grow by the same rate, the US trade deficit will grow. In 2018, The US grew faster than most countries, which caused the deficit to widen even faster. Until we start making massed-produced consumption goods here, that pattern won't change.

 

An example to help. For every $100 of income growth, the US imports $20; for the rest of the world, they import $15 of US goods for every $100. So even if income is growing at the same rate globally, the US deficit will go up--if global growth goes up by $100, US imports grow by $20 and exports by $15. if the US grows faster than the rest of the world, as happened in 2018, then the trade deficit will grow even wider. This also explains why the only time you see the trade deficit shrink is during a US recession--as income falls, our imports fall faster than our exports. 

 

Trump is a victim of his expansionary Keynesian policies last year....and bringing home production will take time.

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On 3/9/2019 at 7:49 AM, TPS said:

Tiberius posted this earlier. Two related ponts: one, global trading patterns are developed over time as firms make decisions on where to produce and source. Given the significant outsourcing of US production to China and Mexico, trying to change those patterns will take several years at best. Two, Given those current production and sourcing patterns, the "propensity to import" out of income is much higher for the US than the rest of the world's propensity to import US goods. As a consequence, even if the US and world incomes grow by the same rate, the US trade deficit will grow. In 2018, The US grew faster than most countries, which caused the deficit to widen even faster. Until we start making massed-produced consumption goods here, that pattern won't change.

 

An example to help. For every $100 of income growth, the US imports $20; for the rest of the world, they import $15 of US goods for every $100. So even if income is growing at the same rate globally, the US deficit will go up--if global growth goes up by $100, US imports grow by $20 and exports by $15. if the US grows faster than the rest of the world, as happened in 2018, then the trade deficit will grow even wider. This also explains why the only time you see the trade deficit shrink is during a US recession--as income falls, our imports fall faster than our exports. 

 

Trump is a victim of his expansionary Keynesian policies last year....and bringing home production will take time.

Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level 

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10 minutes ago, TH3 said:

Nah....I am pretty sure DT has no real clue what he is doing....his domestic policies are special interest driven and his international policies are cave man level 

 

yet he's POTUS and you are giving free comment on a side portion of a terrible football team board...

 

 

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6 minutes ago, row_33 said:

 

yet he's POTUS and you are giving free comment on a side portion of a terrible football team board...

 

 

 

That's 'second rate football team' to you, bub.

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25 minutes ago, Koko78 said:

 

That's 'second rate football team' to you, bub.

 

the litany....

 

started watching them when as a gimmick they ran Juice every play until he was broken bad, Earl Campbell faced the same fate... :(

 

so for 46 or so years...

 

6 great years with Kelly

 

6 good to very years on top of this (one with Juice, one or two with Cribbs, whatever 3-4 other years of decent football)

 

the rest were total garbage to mediocre....

 

 

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9 minutes ago, row_33 said:

 

the litany....

 

started watching them when as a gimmick they ran Juice every play until he was broken bad, Earl Campbell faced the same fate... :(

 

so for 46 or so years...

 

6 great years with Kelly

 

6 good to very years on top of this (one with Juice, one or two with Cribbs, whatever 3-4 other years of decent football)

 

the rest were total garbage to mediocre....

 

 


But this year... this year will be different!

Hope springs eternal when you are Buffalo Bills Fan. ? 

Edited by Buffalo_Gal
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19 minutes ago, Buffalo_Gal said:


? TDS is a helluva drug.

 

six more years

 

hope he causes all the TDS-bozos to have a conipppption fit every freakin day....

 

 

16 minutes ago, Buffalo_Gal said:


But this year... this year will be different!

Hope springs eternal when you a Buffalo Bills Fan. ? 

 

of course, of course...

 

the worst i can say is they have a QB with a lot of potential and haven't fallen for a horrible FA signing...

 

so that's Utopia the last 20 seasons...  :D

 

 

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Yet another example of how hate and bigotry, scapegoating and arrogance (because bigotry is nothing more than arrogance) are harmful and stupid 

 

Quote

 

HOMER, N.Y. — The fears weigh on Mike McMahon: If one of his undocumented workers gets a traffic ticket, it could prompt an immigration audit of his entire farm. If another gets detained by immigration agents at a roadside checkpoint or in a supermarket parking lot, the rest may flee. And if his undocumented work force disappears overnight, there is no one to replace them.

“It keeps me up at night,” said Mr. McMahon, who owns a dairy farm south of Syracuse. “There are people out there who just say, ‘Send them all back and build a wall.’ But they would be facing empty shelves in the grocery store if that were to happen.”

 

https://www.nytimes.com/2019/03/18/nyregion/ny-farmers-undocumented-workers-trump-immigration.html?action=click&module=Top Stories&pgtype=Homepage

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First off what does this have to do with the "Trump Economy" and second there are ways for farmers to hire non-citizens in a legal fashion. I didn't read the article because it's likely BS but I did search if for the word Visa and surprise surprise nothing came up.  Oh and when I was a kid farmers didn't rely on illegals to work the fields.  I wonder what happened?? 

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5 minutes ago, Chef Jim said:

First off what does this have to do with the "Trump Economy" and second there are ways for farmers to hire non-citizens in a legal fashion. I didn't read the article because it's likely BS but I did search if for the word Visa and surprise surprise nothing came up.  Oh and when I was a kid farmers didn't rely on illegals to work the fields.  I wonder what happened?? 

 

On top of that, there are ways to hire actual citizens for dairy farm work.

 

This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him.

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3 minutes ago, Koko78 said:

 

On top of that, there are ways to hire actual citizens for dairy farm work.

 

This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him.

 What do workers, businesses and farms have to do with the economy? ?

 

No sympathy for a business owner who is being strangled by government overreach? This is purely the result of bigotry driven policy. Let the businesses man hire who he wants, citizen or no citizen. 

 

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This is one big reason why we need to fix our immigration laws, not just "look-away" like the dems want us to do. People like HAHA Gator don't want to fix the problems because then they can't use those problems to fault the right.

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42 minutes ago, Koko78 said:

 

On top of that, there are ways to hire actual citizens for dairy farm work.

 

This guy just wants to skirt paying legal wages and taxes. I have no sympathy for him.

 

i have half sympathy for the situation

 

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45 minutes ago, Tiberius said:

 What do workers, businesses and farms have to do with the economy? ?

 

No sympathy for a business owner who is being strangled by government overreach? This is purely the result of bigotry driven policy. Let the businesses man hire who he wants, citizen or no citizen. 

 

 

So you don't want the evil capitalist business owner paying his 'fair share' of taxes?

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55 minutes ago, Tiberius said:

 What do workers, businesses and farms have to do with the economy? ?

 

No sympathy for a business owner who is being strangled by government overreach? This is purely the result of bigotry driven policy. Let the businesses man hire who he wants, citizen or no citizen. 

 

 

What government overreach??  There are legal ways for farmers to hire all the immigrant workers they need . Always has been and will always likely be.  No need to skirt the law.  

1 hour ago, Koko78 said:

 

On top of that, there are ways to hire actual citizens for dairy farm work.

 

 

Well that was my point in my saying that almost all the field work was done by US citizens when I was a kid.  We called them "migrant workers"  Now they're illegal immigrant workers.  "I have good news and bad news.  The bad news is we're suspending your unemployment/welfare checks.  Here's the good news. You're about to get some fresh air."

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6 minutes ago, Chef Jim said:

 

What government overreach??  There are legal ways for farmers to hire all the immigrant workers they need . Always has been and will always likely be.  No need to skirt the law.  

 

Well that was my point in my saying that almost all the field work was done by US citizens when I was a kid.  We called them "migrant workers"  Now they're illegal immigrant workers.  "I have good news and bad news.  The bad news is we're suspending your unemployment/welfare checks.  Here's the good news. You're about to get some fresh air."

 

There's not *that* much field work involved in dairy farming anymore. They're not exactly sending people out to pick up stones prior to planting these days.

 

Milkers and stall cleaners are the most labor-intensive positions - and most significant farms have auto-milkers now.

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Just now, Koko78 said:

 

There's not *that* much field work involved in dairy farming anymore. They're not exactly sending people out to pick up stones prior to planting these days.

 

Milkers and stall cleaners are the most labor-intensive positions - and most significant farms have auto-milkers now.

 

Yes, but when you employ people who are undocumented and don't officially exist, you can treat them as slave labor.  Which is far cheaper and more cost-effective.  

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2 minutes ago, Koko78 said:

 

There's not *that* much field work involved in dairy farming anymore. They're not exactly sending people out to pick up stones prior to planting these days.

 

Milkers and stall cleaners are the most labor-intensive positions - and most significant farms have auto-milkers now.

 

I didn't read the article so I'm not sure if it was only about dairy.  Sure that's the main agricultural business in NY but there are other crops that are grown there that require picking. Used to love to chase after the trucks loaded with green beans and pick them off the road, wash them off and eat them raw!  Yum!!

2 minutes ago, DC Tom said:

 

Yes, but when you employ people who are undocumented and don't officially exist, you can treat them as slave labor.  Which is far cheaper and more cost-effective.  

 

Yes and all that cost efficiency goes right to the farmers bottom line which goes back into the economy. So I guess Tibs was right.  This is about the economy.  

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5 minutes ago, Chef Jim said:

Yes and all that cost efficiency goes right to the farmers bottom line which goes back into the economy. So I guess Tibs was right.  This is about the economy.  

 

Of course it is.  The Morlocks were vital to the Eloi economy.

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1 minute ago, DC Tom said:

 

Of course it is.  The Morlocks were vital to the Eloi economy.

 

Yes of course they were. No doubt about it Chief.  The Morlocks were absolutely vital to the Eloi economy.  I have just one question Chief.  Who are the  Morlocks and Eloi??

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31 minutes ago, Chef Jim said:

 

I didn't read the article so I'm not sure if it was only about dairy.  Sure that's the main agricultural business in NY but there are other crops that are grown there that require picking. Used to love to chase after the trucks loaded with green beans and pick them off the road, wash them off and eat them raw!  Yum!!

 

Yes and all that cost efficiency goes right to the farmers bottom line which goes back into the economy. So I guess Tibs was right.  This is about the economy.  

Roadkill?

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47 minutes ago, Chef Jim said:

 

What government overreach??  There are legal ways for farmers to hire all the immigrant workers they need . Always has been and will always likely be.  No need to skirt the law.  

 

Well that was my point in my saying that almost all the field work was done by US citizens when I was a kid.  We called them "migrant workers"  Now they're illegal immigrant workers.  "I have good news and bad news.  The bad news is we're suspending your unemployment/welfare checks.  Here's the good news. You're about to get some fresh air."

 

The missing part is the supply of reliable labor.  It's not only about cost.  If cost was the only issue, it would have been solved a long time ago.  Americans just aren't into back breaking manual labor any more, even though many only qualify for that kind of work.

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1 hour ago, Koko78 said:

 

So you don't want the evil capitalist business owner paying his 'fair share' of taxes?

He can pay more if he can hire workers to get the job done, right? 

 

Funny how that ...WORKS 

1 hour ago, DC Tom said:

 

Yes, but when you employ people who are undocumented and don't officially exist, you can treat them as slave labor.  Which is far cheaper and more cost-effective.  

Especially if the "slaves" are afraid to go to the police for fear of deportation. Isn't that how they scare sex slaves? 

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8 minutes ago, 3rdnlng said:

Why do liberals always feel that it is ok to break the law if it suits their goals?

 

Rules are only there for the other people. "Do as I say, not as I do."

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1 hour ago, GG said:

 

The missing part is the supply of reliable labor.  It's not only about cost.  If cost was the only issue, it would have been solved a long time ago.  Americans just aren't into back breaking manual labor any more, even though many only qualify for that kind of work.

 

It's because due to all the social "safety nets" available to them they don't have to do ANY work let alone back breaking manual labor.  Take away the gravy train and see how long it takes them to line up for these jobs.  

1 hour ago, Tiberius said:

If he can find them. 

 

Where did they all go?

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55 minutes ago, 3rdnlng said:

Why do liberals always feel that it is ok to break the law if it suits their goals?

 

anything is permissible to further the reach of the Communist Party Worldwide

 

 

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