Trump cannot understand currency or tariffs
"Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China. Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!"
Example: you used to spend $100 on some goods from China. With a 3% currency devaluation, you get a $3 break, so you fork over $97 bucks. But when you pass customs/import, you fork over anywhere from $9.7 to $23. The result is that you are out a minimum of $6. Multiply this now by millions and billions. According to link, the import is $219 billion so far this year (at least a $13 billion tax on Americans). So multiply this by 6%. https://www.census.gov/foreign-trade/balance/c5700.html
I suppose you could argue that Chinese are paying 3% more to buy from us, but they just stopped buying wheat. But Trump is diverting the funds taken from some Americans to farmers.
Anyway we are not "receiving a gift" from China.
Comments
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Keep rooting for the chicoms. We should just accept unfair trade and intellectual property theft.
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China is in meltdown mode
Let them melt
https://cnbc.com/2019/08/06/trump-economic-advisor-larry-kudlow-says-chinas-economy-is-crumbling.html
Wait until the tanks roll into Hong Cong, AOG, you can blame Trump for that too
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straw man arguments so far -- I'm arguing he doesn't understand economics and lies
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So what?
I look at results
#Winning -
It's because a president who either lies or misunderstands something of this magnitude with such economic repercussions is not fit to hold office. It's not "TDS". So if you reply, don't give me a fallacy again or your usual nonsense.RaceBannon said:So what?
I look at results
#Winning -
holy shit - Kudlow claiming the Chinese economy is not the "powerhouse it was 20 years ago" is just epicly stupid. If you believe that horseshit then you are dumber then I thought Race and I already thought you were pretty stupid.
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ApostleofGrief said:
It's because a president who either lies or misunderstands something of this magnitude with such economic repercussions is not fit to hold office. It's not "TDS". So if you reply, don't give me a fallacy again or your usual nonsense.RaceBannon said:So what?
I look at results
#Winning
But but but but TRUMP MELTDOWNGDS said:holy shit - Kudlow claiming the Chinese economy is not the "powerhouse it was 20 years ago" is just epicly stupid. If you believe that horseshit then you are dumber then I thought Race and I already thought you were pretty stupid.
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He's a witty writer but has bought into believing nonsense like "China pays". His main counterargument is a fallacy of ridicule. Just laugh and mock, and the opponent is wrong. No wonder he flunked law school.GDS said:holy shit - Kudlow claiming the Chinese economy is not the "powerhouse it was 20 years ago" is just epicly stupid. If you believe that horseshit then you are dumber then I thought Race and I already thought you were pretty stupid.
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No I haven'tApostleofGrief said:
He's a witty writer but has bought into believing nonsense like "China pays". His main counterargument is a fallacy of ridicule. Just laugh and mock, and the opponent is wrong. No wonder he flunked law school.GDS said:holy shit - Kudlow claiming the Chinese economy is not the "powerhouse it was 20 years ago" is just epicly stupid. If you believe that horseshit then you are dumber then I thought Race and I already thought you were pretty stupid.
It doesn't matter
We need to draw the line with China not sell out to them like the Biden and Clinton families
I don't give a fuck about what any politician or coach says
Results matter. Period -
You don't understand economics so how would you know if someone else does?ApostleofGrief said:straw man arguments so far -- I'm arguing he doesn't understand economics and lies
