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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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 Posted: Wed Mar 06, 2019 10:30 am Post subject: |
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| mat-ty wrote: | | boggsman1 wrote: | | Real Goods deficit hit a record high in December. Exports to China fell 33% YoY in December... Nice work Drumpf---exactly what you said you did NOT want to happen, IS happening in record fashion. |
Nice cherry picking, you forgot to mention the record start to stock market this year, incredible low unemployment, food stamps down and much more..
And all without a stimulus package like jump shot got... |
I'm not cherry picking, I'm focusing on the one thing that Trump holds dear, and lies about daily. The trade deficit, his personal scorecard, which is getting worse, not better. And you're Dead Wrong again about stimulus. The tax cut, which blew a 1.2TRILLION hole in the deficit was a massive market stimulus. Triggered $800 B in annual buybacks, massive stimulus , massive...
The reason the markets up 10% this year is because it cratered in December, plain and simple... |
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mac
Joined: 07 Mar 1999
Posts: 17748
Location: Berkeley, California
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| Posted: Wed Mar 06, 2019 10:43 am Post subject: |
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| Boggs—Matty only knows what he reads in Trump tweets. |
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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| Posted: Wed Mar 06, 2019 11:28 am Post subject: |
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| boggsman1 wrote: | | mat-ty wrote: | | boggsman1 wrote: | | Real Goods deficit hit a record high in December. Exports to China fell 33% YoY in December... Nice work Drumpf---exactly what you said you did NOT want to happen, IS happening in record fashion. |
Nice cherry picking, you forgot to mention the record start to stock market this year, incredible low unemployment, food stamps down and much more..
And all without a stimulus package like jump shot got... |
I'm not cherry picking, I'm focusing on the one thing that Trump holds dear, and lies about daily. The trade deficit, his personal scorecard, which is getting worse, not better. And you're Dead Wrong again about stimulus. The tax cut, which blew a 1.2TRILLION hole in the deficit was a massive market stimulus. Triggered $800 B in annual buybacks, massive stimulus , massive...
The reason the markets up 10% this year is because it cratered in December, plain and simple... |
Best start to a year in decades and Boggs puts the spin on... |
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Wed Mar 06, 2019 12:15 pm Post subject: |
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| mat-ty wrote: | | boggsman1 wrote: | | mat-ty wrote: | | boggsman1 wrote: | | Real Goods deficit hit a record high in December. Exports to China fell 33% YoY in December... Nice work Drumpf---exactly what you said you did NOT want to happen, IS happening in record fashion. |
Nice cherry picking, you forgot to mention the record start to stock market this year, incredible low unemployment, food stamps down and much more..
And all without a stimulus package like jump shot got... |
I'm not cherry picking, I'm focusing on the one thing that Trump holds dear, and lies about daily. The trade deficit, his personal scorecard, which is getting worse, not better. And you're Dead Wrong again about stimulus. The tax cut, which blew a 1.2TRILLION hole in the deficit was a massive market stimulus. Triggered $800 B in annual buybacks, massive stimulus , massive...
The reason the markets up 10% this year is because it cratered in December, plain and simple... |
Best start to a year in decades and Boggs puts the spin on... |
Ok, Matty here's the facts for you.
Best two month start to the market since 1987.
After the worst December since 1931.... |
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mac
Joined: 07 Mar 1999
Posts: 17748
Location: Berkeley, California
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| Posted: Wed Mar 06, 2019 2:18 pm Post subject: |
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Oh, it's worse than that, and Trump is far more of an idiot. But Matty doesn't read for content. Especially things like this that have numbers.
| Quote: | Politics Analysis
Not only did the trade deficit increase, it increased exactly where Trump said it wouldn’t
President Trump at the White House on Tuesday. (Alex Edelman/Bloomberg News)
By Philip Bump
March 6 at 12:43 PM
President Trump’s 2016 campaign did not include very many solid predictions of what he might accomplish, but a few nonetheless stand out. Trump insisted he would punish foreign countries he said were taking advantage of the United States economically and bring manufacturing back to U.S. shores. He isolated Mexico and China as particularly bad actors in this light.
Donald J. Trump
✔
@realDonaldTrump
Mexican leaders and negotiators are much tougher and smarter than those of the U.S. Mexico is killing us on jobs and trade. WAKE UP!
We learned on Wednesday morning that, in broad strokes, Trump’s effort has been unsuccessful: The trade deficit has climbed during his presidency.
But it is worse for Trump’s rhetoric than it appears.
Overall, the deficit hit $621 billion, the widest since 2008. But that was boosted by a net surplus in trade of services, which helps pull the overall trade balance — a combination of both services and manufactured goods — upward.
(Philip Bump/The Washington Post)
If we consider goods alone — precisely the deficit Trump pledged would shrink — we see it has hit its widest margin in decades.
Since the data provided by the Commerce Department goes back only to 1992, this graph obscures the truth: It is the highest in U.S. history.
For a few months after Trump took office, the overall trade balance in goods improved slightly. Since then, however, it has moved downward in fits and starts, while the surplus in traded services has grown more modest.
See that spike in goods at the end of the graph? That was a drop in the trade deficit in manufactured goods that occurred in November. (Since it was a “drop” in the deficit, which moves downward, the line on the graph moves upward.) Trump even bragged about this change, crediting it to tariffs his administration had imposed. We noted last week this argument was incorrect. We learned on Wednesday it was also short-lived.
If we similarly look at the change in the trade balance for various countries since the first quarter of Trump’s presidency, we see how his administration compares with his campaign. In some places, the trade balance has improved (green circles), with the surplus growing or the deficit decreasing. In many, it has gotten worse — including, dramatically, in Mexico and China.
In fact, the most recent quarterly data by country shows the manufactured goods deficits with Mexico and China are at their widest points since 1999. In the third quarter of 2018, the goods balance with China was a deficit of $106 billion. With Mexico, it was about $24 billion.
The problem here is not really with Trump’s administration. The president can have some effect on international trade, but most of it is driven by the massive U.S. economy: Who buys what, from where. The problem was really that Trump made campaign trail promises he would always have had a challenge in fulfilling.
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It is clear that Trump's belligerence has had some effect on policy makers in China. It is far less clear that anything of substantial benefit will come out of that, or that it will make up for the damage that he has done to the economy and particularly farmers. |
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Wed Mar 06, 2019 2:21 pm Post subject: |
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| boggsman1 wrote: | | mat-ty wrote: | | boggsman1 wrote: | | mat-ty wrote: | | boggsman1 wrote: | | Real Goods deficit hit a record high in December. Exports to China fell 33% YoY in December... Nice work Drumpf---exactly what you said you did NOT want to happen, IS happening in record fashion. |
Nice cherry picking, you forgot to mention the record start to stock market this year, incredible low unemployment, food stamps down and much more..
And all without a stimulus package like jump shot got... |
I'm not cherry picking, I'm focusing on the one thing that Trump holds dear, and lies about daily. The trade deficit, his personal scorecard, which is getting worse, not better. And you're Dead Wrong again about stimulus. The tax cut, which blew a 1.2TRILLION hole in the deficit was a massive market stimulus. Triggered $800 B in annual buybacks, massive stimulus , massive...
The reason the markets up 10% this year is because it cratered in December, plain and simple... |
Best start to a year in decades and Boggs puts the spin on... |
Ok, Matty here's the facts for you.
Best two month start to the market since 1987.
After the worst December since 1931.... |
Personally, I'd rather see record breaking job growth and wage increases, coupled with record tax revenues. You can solve a lot of problems with these 3 stats. |
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mac
Joined: 07 Mar 1999
Posts: 17748
Location: Berkeley, California
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| Posted: Wed Mar 06, 2019 3:05 pm Post subject: |
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After tiring of posting fake stuff, bard goes to sleep. Meanwhile, 64% of the country now thinks that Trump has committed a crime. The 24% who can’t believe their lying eyes say “stop looking!”
https://poll.qu.edu/national/release-detail?ReleaseID=2603 |
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mac
Joined: 07 Mar 1999
Posts: 17748
Location: Berkeley, California
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| Posted: Fri Mar 08, 2019 8:55 pm Post subject: |
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So little time, so much to help his buddies steal.
| Quote: | | The Trump administration's budget request for fiscal 2020 will again recommend zeroing out funding for the $12 million U.S. Chemical Safety and Hazard Investigation Board that works to determine the cause of industrial accidents, according to a source. Congress has rejected two previous requests from the administration to end funding for the agency, which Trump officials have argued duplicates the work of other agencies. (Bloomberg) |
Why worry about accidents that kill workers and contaminate the environment?
What the Koch's and Exxon want, Trump acolytes try to deliver.
| Quote: | | The Trump administration's budget request to Congress will again propose to cut the budget of the Energy Department's Office of Energy Efficiency and Renewable Energy for fiscal 2020, recommending a 70 percent cut to its $2.3 billion budget, to $700 million, according to a department official familiar with the plan. The line item in the budget request, expected for release on Monday, is unlikely to be implemented by Congress, which rejected a proposed cut to the office's budget last year. (Bloomberg) |
Nonstop corruption while the head of the crime family diverts attention. |
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