« prev   random   next »

4
4

Trump a Total Failure

By finehoe following x   2019 Mar 23, 8:28am 292 views   6 comments   watch   nsfw   quote     share    


Every day, the evidence piles up that Trump’s presidency is a failure on its own terms, let alone anyone else’s.

Let us count the ways. On trade, we have a record deficit in goods — precisely the opposite of what Trump promised. On immigration, we are facing the biggest crisis since the Bush years — a huge jump in migrants from Central America that is now overwhelming the system. Trump, for his part, is now enabling what he calls “catch and release” on a massive scale. On economic growth, the huge tax cut for the rich has failed. It will not boost growth to levels of 4 or 5 percent — even the president’s own advisers think it’s likely to be a shade less than 3 percent this year and will decline thereafter. The Fed thinks we’ll be lucky to get a little more than 2 percent.

Meanwhile, the budget deficit now looks likely to be more than a trillion dollars annually for the indefinite future, and public debt is hitting new, stratospheric levels. Trump pledged he’d balance the budget. On entitlements, Trump is beginning to backtrack on his promises to protect the safety net. On climate, the denial of reality is exposed almost daily. In just the last week, we’ve seen catastrophic flooding in the Midwest and what could become the Southern Hemisphere’s deadliest cyclone on record.
1   d6rB   ignore (1)   2019 Mar 23, 8:34am   ↑ like (1)   ↓ dislike (0)   quote   flag        

finehoe says
Meanwhile, the budget deficit now looks likely to be more than a trillion dollars annually for the indefinite future, and public debt is hitting new, stratospheric levels.

That is the only important thing...everything else is just a sideshow.
I suspect in 2-3 years we will go circling down the drain unless politicians rein in the deficit. And what is the chance of them having any common sense?
2   marcus   ignore (8)   2019 Mar 23, 8:34am   ↑ like (2)   ↓ dislike (0)   quote   flag        

You're sharing too much reality for the Trump Cuck club to fathom.

He promised to solve health care too. Everyone would be insured and more cheaply. For some reason they bought everything he was selling. And now they think he's doing great !!
3   Quigley   ignore (0)   2019 Mar 23, 8:45am   ↑ like (2)   ↓ dislike (0)   quote   flag        

d6rB says
And what is the chance of them having any common sense?


Precious little chance of that. If it ain’t Republicans sticking up for the ultra wealthy, it’s Democrats #resisting any attempt to do anything sane or cut any programs anywhere ever. And there appears to be zero chance of the parties working together on much.
4   MrMagic   ignore (11)   2019 Mar 23, 9:23am   ↑ like (2)   ↓ dislike (0)   quote   flag        

finehoe says
Trump a Total Failure




marcus says
He promised to solve health care too.



Why did Obama fuck it up in the first place, so it needed fixing?

finehoe says
Meanwhile, the budget deficit now looks likely to be more than a trillion dollars annually


Looks like someone forgot this:



finehoe says
In just the last week, we’ve seen catastrophic flooding in the Midwest and what could become the Southern Hemisphere’s deadliest cyclone on record.


Haven't you Libbies been telling us for years, weather isn't climate? Please make up your incoherent minds.

finehoe says
On immigration, we are facing the biggest crisis since the Bush years — a huge jump in migrants from Central America that is now overwhelming the system.


Aren't they called, according to Chuck and Nancy, future Dem voters? You should be happy.
5   rocketjoe79   ignore (0)   2019 Mar 23, 10:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Wait - you're saying the president is responsible for the WEATHER?!? How absurd. May as well blame all previous presidents too, and the industrial revolution, Oh, Hell, let's just fix this and remove the human infestation now. The planet will be better off without us - oh, until the next ice age arrives. Bye!
6   anonymous   ignore (null)   2019 Mar 28, 4:16am   ↑ like (0)   ↓ dislike (0)   quote   flag        

U.S. and China Got Into a Trade War and Mexico Won - America’s imports from Mexico surge the most in seven years as Trump’s policies shift supply chains

The Trump Administration’s trade war with China has turned out to be a windfall for another country the president frequently berates: Mexico.

Consider Fuling Global Inc., a Chinese maker of plastic utensils that developed a lucrative business making paper cups and straws for U.S. restaurants. But President Trump upended all that with tariffs on $250 billion worth of Chinese imports, including paper products. So the company found an alternative, opening a $4 million factory in Monterrey, Mexico, that will soon begin shipping millions of paper straws across the border.

“We had to look for other ways to do business,'” said Fuling Chief Financial Officer Gilbert Lee. The move means the Wenling, China-based company will avoid the tariffs and make up for pricier Mexican labor with lower shipping costs. “Mexico is a very logical and advantageous location for us.”

Fuling isn’t alone. Mexico has seen big gains in shipments to the U.S. in categories where competing Chinese goods were hit with tariffs, everything from poster board to air conditioner parts. In all, U.S. imports of goods from Mexico surged 10 percent to almost $350 billion last year, the fastest growth in seven years. That helped widen America’s trade deficit with Mexico by 15 percent to more than $80 billion. Meanwhile, the growth in shipments from China slowed by about a third.

Mexico’s bonanza underscores the difficulty in trying to win a trade war where companies can shift production or find new sources to avoid tariffs. Despite Trump’s vow to reduce it, the U.S. trade deficit for goods globally hit a record $891 billion last year as tax cuts boosted demand for imports and retaliatory tariffs weighed on American exports. Given Trump’s early attacks on Mexico for taking U.S. jobs, it’s an ironic turn to observers such as factory consultant Alan Russell.

“It’s a case of unintended consequences,” said Russell, chief executive officer of Tecma Group, an El Paso, Texas firm that helps companies open and run factories in Mexico. Interest has never been this high in his 35 years in the industry, he says. “Any company manufacturing in China has had a wake-up call.”

Much of the shift in companies sourcing from Mexico instead of China centers on low value-added items where substitution is easier, according to Jorge Guajardo, a former Mexican ambassador to China. For example, Taskmaster Components has for almost 20 years imported large wheels and tires from China, and assembled them for companies making trailers and recreational vehicles. But tariffs on many of those products pushed the Mount Pleasant, Texas-based company to go hunting for new sourcing. That list now includes Mexico, where it wants to invest in a factory. The U.S. isn’t being considered because Taskmaster hasn’t found a willing partner among the few remaining American manufacturers.

“A lot of people are moving production down there,” said Amanda Walker, the firm’s chief operating officer. The close proximity, access to ports and an educated workforce make “everything about Mexico attractive.”

More: https://www.bloomberg.com/news/articles/2019-03-27/who-is-winning-trump-s-trade-war-with-china-so-far-it-s-mexico?srnd=premium

about   best comments   contact   one year ago   suggestions