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The Trump Economy


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3 hours ago, Nanker said:

Oh yes. It’s all smoke and mirrors. Trump and the US lost badly here. Really badly. :wallbash:

Not smoke and mirrors, but it's not much different than the last time Trump said he had a deal.  The real issues haven't been addressed in Trump's agreement.  And, according to the WSJ, that's all it is for now--Trump's agreement, as China says it hasn't reached a deal.  Go ahead, though, believe whatever he tweets....

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5 minutes ago, TPS said:

Not smoke and mirrors, but it's not much different than the last time Trump said he had a deal.  The real issues haven't been addressed in Trump's agreement.  And, according to the WSJ, that's all it is for now--Trump's agreement, as China says it hasn't reached a deal.  Go ahead, though, believe whatever he tweets....

I understand China had a press conference and they verified what Trump has tweeted. 

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I just can't help but wonder about the timing of all this. China has been stalling on a trade deal wishin' and hopin' Trump would not be reelected in 2020.  Yet, in spite of the shampeachment proceedings, China agreed to phase 1 (which kept on current tariffs while accepting US imports) and is now willing to move on to phase 2. That is very interesting, dontachya think? :)

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21 minutes ago, Buffalo_Gal said:

I just can't help but wonder about the timing of all this. China has been stalling on a trade deal wishin' and hopin' Trump would not be reelected in 2020.  Yet, in spite of the shampeachment proceedings, China agreed to phase 1 (which kept on current tariffs while accepting US imports) and is now willing to move on to phase 2. That is very interesting, dontachya think? :)

dunno, just spitballin' here but... could it be that the existing tariffs have been so damaging to their economy, that they don't think they can absorb any new ones?

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2 hours ago, 3rdnlng said:

I understand China had a press conference and they verified what Trump has tweeted. 

Thanks, just saw this on wsj.com, though they called it a "limited" deal, which is what I essentially described it as.  

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6 minutes ago, TPS said:

Thanks, just saw this on wsj.com, though they called it a "limited" deal, which is what I essentially described it as.  

 

2 hours ago, TPS said:

Not smoke and mirrors, but it's not much different than the last time Trump said he had a deal.  The real issues haven't been addressed in Trump's agreement.  And, according to the WSJ, that's all it is for now--Trump's agreement, as China says it hasn't reached a deal.  Go ahead, though, believe whatever he tweets....

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7 hours ago, Foxx said:

 

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Well, back whenever China had agreed to a comprehensive deal and then backed out after Trump announced that they had basically reached a verbal agreement. Obviously China was concerned about additional tariffs scheduled to take place on 12-15-19. They agreed to Phase 1 of the more comprehensive deal to avoid those tariffs. Trump has played this better than any president in the past 2-3 decades. Trump recognized the opportunity and has found a way to bring China to the negotiating table. I think that's what 63 million people hired him to do. The right man in the right place at the right time.

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7 hours ago, TPS said:

Thanks, just saw this on wsj.com, though they called it a "limited" deal, which is what I essentially described it as.  

 

Yeah and all Trump's gonna get for now.  China's best possible outcome is that Trump loses in 2020 and the next pres has a completely different set of priorities and let's China resume business as usual.  No way China is gonna make a significant deal now with less than a year before knowing election outcome.   

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2 hours ago, keepthefaith said:

 

Yeah and all Trump's gonna get for now.  China's best possible outcome is that Trump loses in 2020 and the next pres has a completely different set of priorities and let's China resume business as usual.  No way China is gonna make a significant deal now with less than a year before knowing election outcome.   

China has been listening in on the left's conversation and knows that their polls have been way off and Trump is going to win in a landslide. If they wait to negotiate they'll be negotiating with a person in a much stronger position. Trump's actions, which are only fair have caused China's economy to plummet. Do they really think they can hold out for 5 more years?

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Is there a thread for this? If so, plmk and I will move it there (I could not find it via search).

Anyhoooo.... this may be the only way to get rid of the bureaucracy (deep state or otherwise), and let people choose whether to quit or move and then just hire people on a true need basis. It happens to private sector employees every day, especially in the last 30-40 years. When a private sector employee closes up shop in an area, you either move to the new location (if offered a position) to continue on with the company, or move on to other another employer.   Everyone has children, parents, spouse,  schooling, housing, etc., issues that come into play with a job relocation. 

Opponents warn of staff exodus as US breaks up lands bureau

The deadline for most staffers to notify the land bureau, which is overseen by the Interior Department, whether they intended to move was Thursday. But the bureau had not yet compiled a count for how many staffers had so far agreed to relocate, spokesman Derrick Henry said.
 

The bureau oversees about 388,000 square miles (1 million square kilometers) of public lands, the vast majority of it in the U.S. West. It issues permits for oil and gas drilling, mining and ranching, manages outdoor recreation and enforces environmental protections.
 

Bernhardt has called for about 300 positions to be switched from Washington to other offices in 11 Western states, including Nevada, Arizona and Utah. About 25 will be going to the new headquarters in Grand Junction, Colorado.
 

</snip>
 

”I think, frankly, it’s going to cripple the bureau for a long time,” said Henri Bisson, a former deputy director for the agency.

With fewer career staffers in Washington to weigh in on management of federal lands, “it will result in decisions that are more political than they are resource-based,” Bisson said.
 

Employees who agree to move have 120 days to report to their new posts. Bisson and other former bureau officials who are talking to employees said it appears the majority of reassigned staffers will leave instead.
 

“Many of them are in families that have two careers, and their spouse can’t move. They have kids in high school. They have ailing parents they are taking care of,” said Kit Muller, who retired last year after 38 years with the bureau and is one of those projecting that fewer than half of reassigned staffers would move. “You can imagine the reasons.”
 

</snip>

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17 hours ago, keepthefaith said:

 

Yeah and all Trump's gonna get for now.  China's best possible outcome is that Trump loses in 2020 and the next pres has a completely different set of priorities and let's China resume business as usual.  No way China is gonna make a significant deal now with less than a year before knowing election outcome.   

Agree, I've been saying that for awhile now myself.

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28 minutes ago, TPS said:

Agree, I've been saying that for awhile now myself.

From above:

 

China has been listening in on the left's conversation and knows that their polls have been way off and Trump is going to win in a landslide. If they wait to negotiate they'll be negotiating with a person in a much stronger position. Trump's actions, which are only fair have caused China's economy to plummet. Do they really think they can hold out for 5 more years?

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50 minutes ago, 3rdnlng said:

From above:

 

China has been listening in on the left's conversation and knows that their polls have been way off and Trump is going to win in a landslide. If they wait to negotiate they'll be negotiating with a person in a much stronger position. Trump's actions, which are only fair have caused China's economy to plummet. Do they really think they can hold out for 5 more years?

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Yes, I saw it, and disagree. China's position won't change much either way.  trump needed a win more than China, which is why he's making it sound like the deal is bigger than it is.

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2 minutes ago, TPS said:

Yes, I saw it, and disagree. China's position won't change much either way.  trump needed a win more than China, which is why he's making it sound like the deal is bigger than it is.

You discount the economic downturn China has been going through. We win a trade war with them and they know it. It seems like it is more than just a coincidence that this Phase1 got done 2 days before more tariffs were placed on Chinese goods. Remember, they had to devalue their currency a while back so that their goods remained competitive. They needed this deal more than we did.

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36 minutes ago, 3rdnlng said:

You discount the economic downturn China has been going through. We win a trade war with them and they know it. It seems like it is more than just a coincidence that this Phase1 got done 2 days before more tariffs were placed on Chinese goods. Remember, they had to devalue their currency a while back so that their goods remained competitive. They needed this deal more than we did.

I wouldn't call a decline in GDP growth from 6.7% to 6% an "economic downturn."  I'm not disagreeing about the timing of the announced deal, I'm simply saying it's more window dressing than the significant deal that Trump claims it is.  China has more leeway and time than you think.

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