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Chinese reacts to tariffs and the DOW plunges 1000 points

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posted on Aug, 5 2019 @ 08:23 PM
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a reply to: Liquesence

I'm the guy who is letting the people do their job and then simply comment on the results. Like the record wage growth.

Why did we have ZERO wage growth at the end of Obama's term? Then record growth as soon as he is gone?

Hard to explain that away.




posted on Aug, 5 2019 @ 08:25 PM
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a reply to: OccamsRazor04

If I'm a nobody then you're less than that! I do know something about economics...you know zoot about economics

And BTW you love Trump so you are not objective either.

And look at the misery of the country, socially and the economic damage Trumps acts are doing. Hes TEARING THE COUNTRY APART.

And now damaging the economy.



posted on Aug, 5 2019 @ 08:25 PM
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originally posted by: Willtell



Obama inherited a DEPRESSION from George Bush.


Actually he inherited from the Democrats like Frank who refused to fix Fannie and Freddie. Public knowledge. The fact he inherited a RECESSION (not depression) was actually in his benefit. It meant there was huge opportunity for growth.

Once the economy recovered we had ZERO wage growth at the end of Obama's term, because his policies sucked.



posted on Aug, 5 2019 @ 08:25 PM
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a reply to: Willtell

Actually I don't like Trump and did not vote for him, try again NPC.



posted on Aug, 5 2019 @ 08:26 PM
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originally posted by: DBCowboy

originally posted by: Liquesence

Tariffs are not a plan. There is a reason we have trade policies with limited tariffs: tariffs inhibit trade and drive costs to consumers.



Isn't that what taxes do when we "tax the rich"?

That means the middle class pays for tax increases to those "evil" millionaires and billionaires.



False.

But that is the "claim."



posted on Aug, 5 2019 @ 08:26 PM
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a reply to: Willtell

The Chinese are a dictatorship and can tell their people to just take it or else. That's why it was a dumb thing to start a trade war with China.


I understand your point. Its even worse than this one topic. China can play that card regarding any issue. We should probably just give up trying right now and let them dominate the world.

Better yet; maybe we should do away with Democracy so we don't lose even more of our footing.



posted on Aug, 5 2019 @ 08:28 PM
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2015 48,098.63
2016 48,642.15
2017 50,321.89

Look at that wage growth from the crazy strong Obama economy 2015-16. That is what Trump inherited.



posted on Aug, 5 2019 @ 08:29 PM
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a reply to: Liquesence

You said consumers pay more when the producers get taxed more.

Tariffs are taxes.



posted on Aug, 5 2019 @ 08:31 PM
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a reply to: OccamsRazor04

Why did we have ZERO wage growth at the end of Obama's term? Then record growth as soon as he is gone?


It's been steadily increasing since around 2011.


Wage Growth



Hard to explain that away.


Speak for yourself.
edit on 5-8-2019 by Liquesence because: (no reason given)



posted on Aug, 5 2019 @ 08:33 PM
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a reply to: OccamsRazor04

BTW, this thread is about the US and China, not the fact that Trump's deficit is ballooning or his other crazy acts

All you do all day is defend the indefensible. Stay on topic or go somewhere and start your own thread.



posted on Aug, 5 2019 @ 08:33 PM
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Just like always there will be a market correction. I'll put my faith in real economist not trump cheerleaders. Their ideology trumps their common sense. lol....


edit on 5-8-2019 by olaru12 because: (no reason given)



posted on Aug, 5 2019 @ 08:34 PM
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a reply to: Willtell

Why should we surrender to China?



posted on Aug, 5 2019 @ 08:34 PM
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a reply to: Liquesence

Sorry, I posted the figures.

2015 48,098.63
2016 48,642.15
2017 50,321.89

Almost zero wage growth when Obama was in control of this super strong economy .. then huge wage growth under Trump as soon as Obama was gone.



posted on Aug, 5 2019 @ 08:35 PM
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originally posted by: DBCowboy
a reply to: Liquesence

You said consumers pay more when the producers get taxed more.

Tariffs are taxes.



I said consumers pay more because of tariffs. Tariffs are generally specific to international trade on imported goods, and are not necessarily income related.

Two different issues.



posted on Aug, 5 2019 @ 08:36 PM
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a reply to: Willtell

I read the post NPC.

Chinese reacts to tariffs and the DOW plunges 1000 points

DOW is still up 9000 under Trump. Try again.

2015 48,098.63
2016 48,642.15
2017 50,321.89

Wage growth Obama vs Trump. Try again.



posted on Aug, 5 2019 @ 08:36 PM
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originally posted by: DBCowboy
a reply to: Willtell

Why should we surrender to China?



So we can manage the decline of the US into multi-national mediocrity.



posted on Aug, 5 2019 @ 08:41 PM
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Trump Is Falling Almost 1 Million Jobs Short Vs. Obama. Over 29 months Obama added almost 1 million more jobs than Trump



www.forbes.com...


For the record and to straighten some people out.

This thread, though, is about China and the trade war. I didn't start this other topic but it turns out Obama created more Jobs than Trump who inherited a GREAT economy from Obama and didn't have to struggle to save the country as Obama did after GEORGE BUSH left him with an international disaster.

research the facts.



posted on Aug, 5 2019 @ 08:41 PM
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a reply to: OccamsRazor04


Sorry, I posted the figures.

Almost zero wage growth when Obama was in control of this super strong economy ..


Sorry, I posted a graph. "Below target" but still climbing. Since 2012.


Care to revise your statement?
edit on 5-8-2019 by Liquesence because: (no reason given)



posted on Aug, 5 2019 @ 08:41 PM
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a reply to: MisterSpock

DOW is up 9000 points under Trump and record wage growth for the AVERAGE American. The sky is falling though, trust them.



posted on Aug, 5 2019 @ 08:44 PM
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a reply to: Liquesence

That graph shows a HUGE jump under Trump and stagnation under Obama with a little increase, 2013-2015 look pretty similar in your graph. Why post something that supports me? I posted numbers.

2015 48,098.63
2016 48,642.15
2017 50,321.89







 
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