The Trade war Could turn into the War in Iraq

Discussion in 'Politics' started by The Banker, Aug 25, 2019.

  1. The Banker
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    The Banker Silver Member

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    SO far the trade war hasn't really hurt the US, and it is hurting China somewhat.

    BUT this is just the beginning and this thing looks set to escalate over the next year because China is not going to make any real concessions. This war looks to drag on and escalate and the damage it could do to our economy will increase. It is a very real possibility that this could cause a recession and continue to drag on for years.

    If that were the case then Trump would have gotten us into another war that he totally mismanaged, fucked up, and can't win, just like Bush did

    The war in Iraq started the same way and then before you knew it, we were bogged down in a total quagmire that we couldn't win, and that completely destabilized the entire region, with no end in sight. Bush made so many mistakes and terrible decisions in Iraq and the results proved that. The war in Iraq was one of the biggest blunders in US history and we have Bush to thank for that debacle and failure.

    This trade war could take a turn for Iraq. I think Trump made a major mistake/blunder when he increased the tariffs a few weeks ago. At that time the tariffs were clearly hurting China, but not hurting the US that much so just be patient and sit back and let them damage China and not us, which will help us. Instead raising the tariffs to now 15% and 30% will start to hurt the US and could cause a recession. Also it seems like the tariffs are going to continue to go up, which will hurt us even more. Every move made in this trade war is very important, making the wrong move could make or break the entire outcome of the war.

    This trade war could turn sour and then Trump will have passed off another losing war to his predecessor, just like Bush. Two peas in the failed president pod, notta a good look for the GOP.
     
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  2. harmonica
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    harmonica Gold Member

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    Iraq??
    what??
     
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  3. Third Party
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    Third Party Gold Member

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    Or maybe things work out better than before. Relax and enjoy the economy-I am.
     
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  4. Billy_Kinetta
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    Billy_Kinetta Paladin of the Lost Hour Gold Supporting Member Supporting Member

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    In terms of China, it seems many on the American Left admire them, and enjoy having a trade-imbalanced dick shoved up their ass. Must be a thing.

    It does leave one to ponder ...
     
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  5. Golfing Gator
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    Golfing Gator Platinum Member

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    This is a good time to enjoy it, sadly most people are adding more debt as they enjoy it. This will cause major problems soon.
     
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  6. The Banker
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    The Banker Silver Member

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    Yea this is the problem. You have become too complacent and if we have a downturn you're going to get smoked... You are the same people that sat back and enjoyed the great 2006 economy... How'd that turn out for you??? Economies change very rapidly.

    A good leader is able to anticipate the future. If this trade war turns into the war in Iraq you won't be relaxed at all. But hey at least you'll have these 2 good years? Ha!
     
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  7. depotoo
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    depotoo Platinum Member

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    Your analogy is simply silly.
     
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  8. WillPower
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    WillPower Gold Member

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    We can afford this trade war...China can't.....they are so leveraged and over-extended, another year of this and they're screwed. They can't "out wait" Trump because even if he loses in 2020 (he won't and they know it) that's 18 months from now and without significant progress, his tariffs will continue increasing, the money going to our industries most affected, namely agriculture who the Chinese have targeted. Engaging us militarily is folly for them....everything they have in modern equipment design is stolen....if they could understand the tech, they'd invent it themselves but they don't. They don't understand capitalism....there is no "thinking outside the box" in China.....fail and you'll be jailed or shot, making innovation impossible. Xi's stunt on Friday was their hail mary hoping they could spook the markets and bury Trump on the Sunday talk shoes. But once again, he's at the G7 shaking hands and slapping backs instead of playing their game. Obama would be begging for mercy at this point...Trump is just warming up for what he's going to throw at the Paper Tiger.
     
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  9. WillPower
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    WillPower Gold Member

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    So you're a banker? A teller maybe......If you knew anything about what happened in 2007-8, you'd know that deindustrializing ourselves and becoming an economy based on housing couldn't last. Not with Clinturd's CRA and Maxine Waters screaming "racist" when Bush wanted to look at the books at Fannie/Freddie. Trump is returning our economy to product-based instead of service-based, which makes us much more diverse and able to withstand the vagaries of the rest of the world slipping into recession now that they can no longer rob the piggy bank that was the USA.
     
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  10. The Banker
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    The Banker Silver Member

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    This all could definitely be possible, China has some serious problems, BUT you are being incredibly naive to think that this trade war poses no threat to us.

    This is why I made the war in Iraq analogy. in 2003-2004 I'm sure you thought Bush was going to win the war in Iraq, and how'd that turn out?

    This trade war is a serious risk to the US economy and if it turns bad it will turn into a disaster just like the war in Iraq.

    If Trump wins this trade war then he will be praised, but this could definitely turn bad quickly and clearly you haven't even remotely considered that possibility. If that happens then who are you going to blame, because we know you aren't going to take responsibility for your actions, as that is something that republicans never do.
     
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