Economy is roaring

[Anonymous]

I meant $6B less per year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump’s China deal:

-China agrees to buy $50B of ag products this year.

-That's a gain of $29B from before Trump tariffs.

-Trump tariffs have cost U.S. farmers $11B.

-U.S. taxpayers have spent $28B on emergency payouts to farmers.

-So loss to U.S. is $39B.

39B is the sum of 11B and 28B. But if the information you have posted is correct, we will sell 29B more in ag products this year than we would have without this deal. Subtracting that from 39B gets us to a 10B loss. Assuming the increase in sales continues on to next year, we would have another extra 29B, wiping out the 10B loss and leaving us with a 19B gain over the period.

For weeks prior, Trump said China had agreed to buy $50 billion in farm goods over two years (ie $25B per year). The text was finally revealed today -- and it was $38 billion. China was on track to buy $27 billion in farm products in 2020 before Trump's trade war upended trade relations.

So $2B less per year plus the loss in GDP that the consumers paid in tariffs plus the socialist subsidies to the farmers. No resolution on intellectual property.

That Trump really knows how to cut a deal.

No. The text of the agreement states that in 2020, China will buy 12.5B above the 2017 baseline. The 2017 baseline was 24B. The agreement states that in 2021, China will buy 19.5B above the 2017 baseline. So:
2020: Total of 36.5B
2021: Total of 43.5B

https://www.reuters.com/article/us-usa-trade-china-details-factbox/whats-in-the-u-s-china-phase-1-trade-deal-idUSKBN1ZE2IF

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trade agreement signing ceremony:

Trump is a hoot as he gives a speech recognizing various people ..... including himself

What a contrast between Trump giving a speech and just about any of the Democratic candidates for the nomination who are as boring as they come.

Forget about the "surface" (his speech); why not applaud him for the substance - a trade agreement with China? This was an amazing accomplishment, and very little is being said about it here - or in the liberal media. I was late getting home and missed the speech, but I did turn on right after. FOX was discussing the positive economic impact (with estimates that it could account for 1/2% of GDP), but when I flipped to CNN, well....you'd never know that anything happened. They were back to impeachment, impeachment, impeachment. What a colossal waste of time.

CNN hates Trump.

I think lots of people feel this way.

Guess we’ll find out in November.

Based on this forum, it does seem that the hate is deep - and widespread. But I just returned from a cruise (and on a premium line....NOT Carnival), and people were talking politics....politics.....politics. (I've been on lots of cruises and never heard such a focus on it before.) Other than one couple, they were ALL for Trump. And these were not "morons in flyover country" (to use the phrase liberals use here), they were almost all college-educated professionals.

"professionals" from flyover country?

DP

I know, that's incredibly hard for any coastal liberal to believe. So busy looking down their noses at the rest of the country.

I'm an equal-opportunity hater. I hate the MAGAs on the coasts AND in the middle. They all suck, independent of geography.

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

[Anonymous]

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trade agreement signing ceremony:

Trump is a hoot as he gives a speech recognizing various people ..... including himself

What a contrast between Trump giving a speech and just about any of the Democratic candidates for the nomination who are as boring as they come.

Forget about the "surface" (his speech); why not applaud him for the substance - a trade agreement with China? This was an amazing accomplishment, and very little is being said about it here - or in the liberal media. I was late getting home and missed the speech, but I did turn on right after. FOX was discussing the positive economic impact (with estimates that it could account for 1/2% of GDP), but when I flipped to CNN, well....you'd never know that anything happened. They were back to impeachment, impeachment, impeachment. What a colossal waste of time.

CNN hates Trump.

I think lots of people feel this way.

Guess we’ll find out in November.

Based on this forum, it does seem that the hate is deep - and widespread. But I just returned from a cruise (and on a premium line....NOT Carnival), and people were talking politics....politics.....politics. (I've been on lots of cruises and never heard such a focus on it before.) Other than one couple, they were ALL for Trump. And these were not "morons in flyover country" (to use the phrase liberals use here), they were almost all college-educated professionals.

"professionals" from flyover country?

DP

I know, that's incredibly hard for any coastal liberal to believe. So busy looking down their noses at the rest of the country.

I'm an equal-opportunity hater. I hate the MAGAs on the coasts AND in the middle. They all suck, independent of geography.

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

Lol, my neighbors just got back from yet another cruise!!

[Anonymous]

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Can you refute the point that GDP growth has only been around 2% since Trump took office?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Cruises are pretty low-class, even the so-called "premium," so it's not surprising. They're for lazy travelers with no imagination. Sad.

[Anonymous]

I would just like to know if there was an omelet bar on that cruise . . .

Stay klassy mAgats!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Can you refute the point that GDP growth has only been around 2% since Trump took office?

DP. GDP so far:

2017 - 2.4%
2018 - 2.9%
2019 Q1 - 3.1% Q2 - 2.0% Q3 - 2.1% = AVG for 2019 - 2.4%

AVG for 2017, 2018, 2019 (excluding Q4 2019) = 2.6%

Not sure if that means "around 2%"

Can you refute the point that unemployment has hit a 50 year low under Trump?

[Anonymous]

Anonymous wrote:I would just like to know if there was an omelet bar on that cruise . . .

Stay klassy mAgats!

Of course there was. And a chocolate fountain on formal night.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Can you refute the point that GDP growth has only been around 2% since Trump took office?

DP. GDP so far:

2017 - 2.4%
2018 - 2.9%
2019 Q1 - 3.1% Q2 - 2.0% Q3 - 2.1% = AVG for 2019 - 2.4%

AVG for 2017, 2018, 2019 (excluding Q4 2019) = 2.6%

Not sure if that means "around 2%"

Can you refute the point that unemployment has hit a 50 year low under Trump?

It's actually somewhat problematic when the unemployment rate falls below the natural rate (which is estimated to be about 4.5%), in part because it tends to lead to economic inefficiencies and to increased inflation, as we're now seeing. This is why the Fed has been jumping in to keep the inflation rate from climbing further, and now we'll see interest rates continuing to increase.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Cruises are pretty low-class, even the so-called "premium," so it's not surprising. They're for lazy travelers with no imagination. Sad.

Or perhaps mildly handicapped. Don’t be so nasty.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

When PP started with "I just returned from a cruise" you know it's going to be some kind of trashy story after that.

+1 billion

Can't refute the point, so shoot the messenger: The point was that the people on that cruise were all for Trump.

(You people are in for a world of hurt come Election Evening. I'm getting the popcorn ready.)

Can you refute the point that GDP growth has only been around 2% since Trump took office?

DP. GDP so far:

2017 - 2.4%
2018 - 2.9%
2019 Q1 - 3.1% Q2 - 2.0% Q3 - 2.1% = AVG for 2019 - 2.4%

AVG for 2017, 2018, 2019 (excluding Q4 2019) = 2.6%

Not sure if that means "around 2%"

Can you refute the point that unemployment has hit a 50 year low under Trump?

It's actually somewhat problematic when the unemployment rate falls below the natural rate (which is estimated to be about 4.5%), in part because it tends to lead to economic inefficiencies and to increased inflation, as we're now seeing. This is why the Fed has been jumping in to keep the inflation rate from climbing further, and now we'll see interest rates continuing to increase.

Probably...inflation inevitable anyway during times of positive growth (expansion).

[Anonymous]

Corporate debt is roaring.