SlimShady'sSpaceForce Posted February 5, 2021 Share Posted February 5, 2021 The U.S. trade deficit over the four years of Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, a new Commerce Department report showed on Friday. The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016. Bravo 👏 👏 https://www.yahoo.com/news/america-trade-gap-soared-under-112050557.html 1 Link to comment Share on other sites More sharing options...
US Egg Posted February 5, 2021 Share Posted February 5, 2021 What?..... https://www.reuters.com/article/us-usa-economy-trade/u-s-trade-deficit-drops-to-more-than-three-year-low-idINKBN1Z61L3 1 Link to comment Share on other sites More sharing options...
SlimShady'sSpaceForce Posted February 5, 2021 Author Share Posted February 5, 2021 https://www.cnbc.com/amp/2020/12/04/us-trade-deficit-widens-by-1point7percent-to-63point1-billion-in-october.html The U.S. trade deficit widened 1.7% in October to $63.1 billion. The politically sensitive gap in the trade of goods with China and Mexico grew. The gap between the goods and services the United States sold and what it bought abroad rose from $62.1 billion in September, the Commerce Department reported Friday. Exports rose 2.2% to $182 billion, led by sales of aircraft engines. Imports increased 2.1% to $245.1 billion on an uptick in shipments of auto parts. Link to comment Share on other sites More sharing options...
SlimShady'sSpaceForce Posted February 5, 2021 Author Share Posted February 5, 2021 https://mobile.reuters.com/article/amp/idUSKBN2A51P6 Reuters FRI FEB 5, 2021 / 9:08 AM EST U.S. trade deficit jumps to 12-year high in 2020 (Reuters) - The United States' trade deficit surged to its highest level in 12 years in 2020 as the COVID-19 pandemic disrupted the flow of goods and services. Link to comment Share on other sites More sharing options...
Backintheday544 Posted February 6, 2021 Share Posted February 6, 2021 4 hours ago, I am the egg man said: What?..... https://www.reuters.com/article/us-usa-economy-trade/u-s-trade-deficit-drops-to-more-than-three-year-low-idINKBN1Z61L3 hmmmmm.... it’s almost as if you look at numbers at two different time periods the numbers may change. Your article is like turning the Bills on with a 9 point lead over the chiefs. The OPs article is like the final score. 2 Link to comment Share on other sites More sharing options...
Orlando Buffalo Posted February 6, 2021 Share Posted February 6, 2021 2 hours ago, Backintheday544 said: hmmmmm.... it’s almost as if you look at numbers at two different time periods the numbers may change. Your article is like turning the Bills on with a 9 point lead over the chiefs. The OPs article is like the final score. I don't usually respond to you because your comments are always stupid but this one over the top stupid. To act as if 2020 was normal in any way is dishonest, to really complete your analogy it would be comparing the 9 point lead then Josh Allen gets hurt and can't play, along with the entire offensive line and DBs. It was unprecedented economic damage from a virus that caused the change. If you can't admit that there is no reason to even deal with you because you are completely dishonest. 3 Link to comment Share on other sites More sharing options...
Doc Brown Posted February 6, 2021 Share Posted February 6, 2021 4 hours ago, Buffalo Timmy said: I don't usually respond to you because your comments are always stupid but this one over the top stupid. To act as if 2020 was normal in any way is dishonest, to really complete your analogy it would be comparing the 9 point lead then Josh Allen gets hurt and can't play, along with the entire offensive line and DBs. It was unprecedented economic damage from a virus that caused the change. If you can't admit that there is no reason to even deal with you because you are completely dishonest. Link to comment Share on other sites More sharing options...
BringMetheHeadofLeonLett Posted February 6, 2021 Share Posted February 6, 2021 5 hours ago, Buffalo Timmy said: I don't usually respond to you because your comments are always stupid but this one over the top stupid. To act as if 2020 was normal in any way is dishonest, to really complete your analogy it would be comparing the 9 point lead then Josh Allen gets hurt and can't play, along with the entire offensive line and DBs. It was unprecedented economic damage from a virus that caused the change. If you can't admit that there is no reason to even deal with you because you are completely dishonest. I know, right- it's like some people should expect 'the greatest deal-maker the world has ever known' to make things work to our advantage while the world markets are in turmoil or something... 1 1 Link to comment Share on other sites More sharing options...
Backintheday544 Posted February 6, 2021 Share Posted February 6, 2021 7 hours ago, Buffalo Timmy said: I don't usually respond to you because your comments are always stupid but this one over the top stupid. To act as if 2020 was normal in any way is dishonest, to really complete your analogy it would be comparing the 9 point lead then Josh Allen gets hurt and can't play, along with the entire offensive line and DBs. It was unprecedented economic damage from a virus that caused the change. If you can't admit that there is no reason to even deal with you because you are completely dishonest. awww. I feel the same way about your comments. The drivel you spit is incredibly low class and uninformed! Politico had a great article on why Trump failed in the trade deficit. Things that hurt the deficit were things like Trump policy, like tarrifs, trade wars, how he handled farmers, not passing an infrastructure bill, etc: https://www.politico.com/news/2020/10/06/trump-trade-deficit-426805 Forbes too points at issues with Trumps China war: https://www.forbes.com/sites/chuckjones/2020/09/30/trump-isnt-delivering-on-reducing-the-trade-deficit/ Your analogy would make sense if we were maybe talking about GDP. Link to comment Share on other sites More sharing options...
SoTier Posted February 6, 2021 Share Posted February 6, 2021 15 hours ago, I am the egg man said: What?..... https://www.reuters.com/article/us-usa-economy-trade/u-s-trade-deficit-drops-to-more-than-three-year-low-idINKBN1Z61L3 8 hours ago, Buffalo Timmy said: I don't usually respond to you because your comments are always stupid but this one over the top stupid. To act as if 2020 was normal in any way is dishonest, to really complete your analogy it would be comparing the 9 point lead then Josh Allen gets hurt and can't play, along with the entire offensive line and DBs. It was unprecedented economic damage from a virus that caused the change. If you can't admit that there is no reason to even deal with you because you are completely dishonest. Dumbass Trumpists gonna make dumbass arguments defending their hero's lies and failures. 1 Link to comment Share on other sites More sharing options...
Orlando Buffalo Posted February 6, 2021 Share Posted February 6, 2021 1 hour ago, Backintheday544 said: awww. I feel the same way about your comments. The drivel you spit is incredibly low class and uninformed! Politico had a great article on why Trump failed in the trade deficit. Things that hurt the deficit were things like Trump policy, like tarrifs, trade wars, how he handled farmers, not passing an infrastructure bill, etc: https://www.politico.com/news/2020/10/06/trump-trade-deficit-426805 Forbes too points at issues with Trumps China war: https://www.forbes.com/sites/chuckjones/2020/09/30/trump-isnt-delivering-on-reducing-the-trade-deficit/ Your analogy would make sense if we were maybe talking about GDP. I will argue with the Forbes article because it shows the improving trend until Covid. The imports of goods were decreasing and exports of goods were improving in the months prior to early 2020. At no point did I expect him to drastically change the curve but it was improving before Covid and most importantly to me we were limiting our exposure to trade with China. I will give you credit- you argue better than I gave you credit for. Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 6, 2021 Share Posted February 6, 2021 That chart doesn’t show what the OP is so desperate to believe it shows. Prior to Covid our unemployment levels were at all time lows. The country was essentially at FULL employment. It doesn’t get any better than that. The primary goal is to have everyone working. A secondary goal would be to export more than we import but not to the detriment of the primary goal. If all of your citizens are working and they still have money left over to buy goods from overseas then that’s a good thing! 2 Link to comment Share on other sites More sharing options...
SectionC3 Posted February 6, 2021 Share Posted February 6, 2021 8 minutes ago, SoCal Deek said: That chart doesn’t show what the OP is so desperate to believe it shows. Prior to Covid our unemployment levels were at all time lows. The country was essentially at FULL employment. It doesn’t get any better than that. The primary goal is to have everyone working. A secondary goal would be to export more than we import but not to the detriment of the primary goal. If all of your citizens are working and they still have money left over to buy goods from overseas then that’s a good thing! This isn't exactly true. The primary goal is to have everyone working at a livable wage. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 6, 2021 Share Posted February 6, 2021 2 minutes ago, SectionC3 said: This isn't exactly true. The primary goal is to have everyone working at a livable wage. You’re correct there as well. That’s however much harder to put into a chart; and the graph in this thread doesn’t speak to that. But...if everyone has chosen (not been forced to) rejoin the workforce then it’s somewhat assumed they’ve done the math and decided that working is better for them than not working and falling into the safety net. No? Link to comment Share on other sites More sharing options...
SectionC3 Posted February 6, 2021 Share Posted February 6, 2021 Just now, SoCal Deek said: You’re correct there as well. That’s however much harder to put into a chart; and the graph in this thread doesn’t speak to that. But...if everyone has chosen (not been forced to) rejoin the workforce then it’s somewhat assumed they’ve done the math and decided that working is better for them than not working and falling into the safety net. No? One option could simply be less bad than the other. Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 6, 2021 Share Posted February 6, 2021 2 minutes ago, SectionC3 said: One option could simply be less bad than the other. That’s also correct. But it’s still LESS bad. No? If you’re arguing for a thicker safety net then that’s a whole different discussion. Link to comment Share on other sites More sharing options...
SectionC3 Posted February 6, 2021 Share Posted February 6, 2021 Just now, SoCal Deek said: That’s also correct. But it’s still LESS bad. No? If you’re arguing for a thicker safety net then that’s a whole different discussion. Less bad is still bad. I'm not arguing for a thicker safety net. Hinting at the divide in this country that will grow as a result of the K-shaped recovery. And also concerned about what I saw as a pre-Covid education gap in this country. We're generating classes of people that can either change the world through technology, or who top out at sandwich artistry. The absence of a middle isn't the government's fault, and it's not the government's responsibility to cure. But it will be a boil on society, and it might be something that we should all think about addressing (e.g., by figuring out the education messes in urban areas, etc.). Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 6, 2021 Share Posted February 6, 2021 Just now, SectionC3 said: Less bad is still bad. I'm not arguing for a thicker safety net. Hinting at the divide in this country that will grow as a result of the K-shaped recovery. And also concerned about what I saw as a pre-Covid education gap in this country. We're generating classes of people that can either change the world through technology, or who top out at sandwich artistry. The absence of a middle isn't the government's fault, and it's not the government's responsibility to cure. But it will be a boil on society, and it might be something that we should all think about addressing (e.g., by figuring out the education messes in urban areas, etc.). Thanks. If you study American history you’ll know that the middle class was born from our manufacturing base during and after WW2. We lost that over the last two or three decades. Those blue collar folks were not highly educated and didn’t need to be. So fast forward to today and you find the natural divide that comes from the transition to a service based economy. Trump was trying to bend the curve back to where we still had a manufacturing base and did a decent job of it, through policy. We simply don’t need that many accountants, lawyers and coders in America. Link to comment Share on other sites More sharing options...
SectionC3 Posted February 6, 2021 Share Posted February 6, 2021 2 minutes ago, SoCal Deek said: Thanks. If you study American history you’ll know that the middle class was born from our manufacturing base during and after WW2. We lost that over the last two or three decades. Those blue collar folks were not highly educated and didn’t need to be. So fast forward to today and you find the natural divide that comes from the transition to a service based economy. Trump was trying to bend the curve back to where we still had a manufacturing base and did a decent job of it, through policy. We simply don’t need that many accountants, lawyers and coders in America. I think that was Trump's idea, but he did it wrongly. Coal is dead. We're not making refrigerators or whatever here anymore. We're better off letting someone else do that at poverty-level wages and importing that type of consumable (crass, I know, but it's the truth). The "new" manufacturing has to be of a "green" nature. Time to reinvent and to educate so we're the world leader in that area for hundreds of years. Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 6, 2021 Share Posted February 6, 2021 1 minute ago, SectionC3 said: I think that was Trump's idea, but he did it wrongly. Coal is dead. We're not making refrigerators or whatever here anymore. We're better off letting someone else do that at poverty-level wages and importing that type of consumable (crass, I know, but it's the truth). The "new" manufacturing has to be of a "green" nature. Time to reinvent and to educate so we're the world leader in that area for hundreds of years. Also true. But it has to start somewhere. The idea was to first become energy independent so that now we had our feet under us and weren’t as reliant on foreign oil which had drug us into years of war, death and debt. That investment buys you the time you need to grow the technologies for the transition you seek. It’s a lot like being in debt at home. Unless you can first get out of debt, you’ll never get around to saving money. (PS: my home has been solar powered for a decade...is yours?) Link to comment Share on other sites More sharing options...
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