Quote:
Originally Posted by Robbie
Barry, I don't know where you get your info. I'm sure it's valid.
But the reality is quite different. Trump is just now making these changes. He's been in office for FIVE months.
Since his election there has been 4 TRILLION dollars of new wealth created on the market.
His reversal of biz killing regulations just happened.
Barry...start thinking like a businessman and don't be sucked into the anti-Trump lunacy.
What we are looking for is a GDP that hopefully within a year will be at 3%...which will blow away the entire 8 years of shit we just experienced.
Read this article. It's very educational:
https://www.forbes.com/sites/timwors.../#656f4fe448be |
robbie, if you want to talk in business and economic professional matter you have to accept and KNOW those rules first.
look, economy is not something what happens from today to tomorrow - so far you are right. the reaction is always much later what finds his reason in quarter or yearly results of big companies what publish these number AFTER the given periode.
but that means that the increase of the US economy is not trumpīs fault. it is a result of a longer ongoing process what have started in 2009 already.
if you just use logic and leave all political aspects or preferences out you will come to the following forecats:
1. trump fired a few million mexicans out of the country - this jobs have to be done now from americans. this americans will not work that shitty jobs that cheap and the production price will increase. that means that people who HAD a job already have to pay more for products they used to buy. if you have to pay more you can buy less and that means a decrease of prosperity.
2. american products will also be more expensive on export when the job is done by high paid workers. many many other countries can do the same but cheaper. so the exports of those goods can only be realized with government subsidies (what is again paid from the tax payer).
out of that trump makes a politic of isolation. he wants to export but he puts high duties on foreign imports. that leads to:
a. even higher prices for US-buyers
b. countries what canīt export to US will not import from there
both will kill prosperity even more.
3. an isolated america will not have influence in the world market.
all trading contracts he is doing at the moment are a pharse.
he is exporting coal to ukraine - but ukraine donīt have money.
he made a new trade with south korea - but they do not buy because it makes sense they buy it because they want the US protection. this protection is again paid by the tax payer.
all of trumpīs actions are leading to an unnatural bubble. means the economy seems to be fine but because of loans they gave to buying countries - loans what they will hardly get back.
this bubble also will lead to higher interest rates - what looks on the first view good for the rich americans with money. but here you forget HOW the way out of the financial crisis was financed.
it was financed by cheap loans on consumer goods. the us households have one of the highest per head dept in the world.
higher interest rates will higher their monthly costs again and that will kill even more prosperity after a while.
so on a medium term you will see what happens with the US economy.
trump is a business man without any moral. he was only able to run his own businesses with the life of partners and cretitors what he did not pay back.
now he in in a position to destroy a "company" what is not even his own. when he will run in in bankruptcy he will personally donīt lose a cent. on top of that a country is NOT a company. you can not say i do not make a deal what is not profitable. you have to take care everyone in a society - not only one group.
this is the hardest part for a politician because it will ALWAYS end up in compromises and trump is unable to work with that.
you do not believe it now - but in one year you have to believe it because than you can see the damage he made and it will take america DECADES of hard work, tonns of sweat and a lot of blood to fix it.
you can not compare a society with a business because you as a small part of this engine will be the loser. remember my words: the day will come when you guys have to pay for this historical error. and than you will be glad to have the society because even the ones who saw that problem will help you paying it back. but i hope you remember than that the really guilty have been you and all this brainless trump supporters who do not want to open their eyes for the reality.