Is Trump trying to do to China what Reagan did to USSR?

Discussion in 'Politics' started by BuckToothMoron, Aug 22, 2019.

  1. BuckToothMoron
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    BuckToothMoron Gold Member

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    Ronald Reagan effectively took out the Soviets by engaging them in an arms race which they could not economically compete in. Is Trump employing a similar strategy on China? - engaging them in a trade war in order to maintain the the US as the world economic power.

    Reagan’s plan was intentional, strategic and decisive. Trump seems to shoot from the hip, flip and then flop. But will it work? His trade/currency war is causing an economic slow down across the globe. How long can he maintain the pressure, and can he stave off the recession long enough to get re-elected?

    For the record- I don’t believe Trump is anything like the great RR.
     
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  2. BuckToothMoron
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    BuckToothMoron Gold Member

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    BTW- the 2/10 bond curve just inverted again.
     
  3. Taz
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    Taz BANNED

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    If Trump had a brain, he'd bar all Chinese goods from entering our country. Give everyone a year to switch manufacturing...
     
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  4. Terri4Trump
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    Terri4Trump Gold Member

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    No. That would be impossible. Reagan broke the USSR's back because they were already a 3rd world country economically, if not militarily. China is not. China has a booming economy. We cannot outspend them militarily like Reagan did. The days of cold war military spending are over.
     
  5. bendog
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    bendog Platinum Member

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    I think that's a decent analogy. Esp given that Lighthizer is the architect of Trump's strategy. The problem is, the EU did a deal on EU companies having to share less IP to enter Chinese markets, while Trump was busy insulting EU leaders.

    Reagan had the UK merrily on board, France was a non-player and Germany pretty much did what it was told.

    So Reagan had more or less a bilateral confrontation, while Trump is facing three-dimensional chess.
     
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  6. Golfing Gator
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    Golfing Gator Platinum Member

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    Are you really this stupid or is it just an act for the internet?
     
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  7. BuckToothMoron
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    BuckToothMoron Gold Member

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    You mean if he had your brain he’d effectively shut down the economy.
     
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  8. BuckToothMoron
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    BuckToothMoron Gold Member

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    Those are excellent points. Reagan enjoyed the support of countries who were terrified of the USSR and were pleased to have their big brother confront the Soviet bully.
     
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  9. BuckToothMoron
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    BuckToothMoron Gold Member

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    Sorry, you missed the analogy. Trump is not engaging in a military spending battle the way Reagan did. He appears to be engaging in a trade/currency war to slow the (inevitable?) growth of China to the number one economic power, and perhaps the Yuan becoming the world reserve currency.
     
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  10. Rambunctious
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    Rambunctious Gold Member

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    Trump is trying to do to China what should have been done years ago...but we have elected cowards prior to Trump....China is out of control....
     

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