Donald Trump's Economy

[Robert W]

Trump's Economy means higher prices, shortages, recession, higher interest rates, stagflation, massive unemployment, and inflation.

Here comes the higher prices:

View attachment 1108011

Mattel toys should make toys here then.

 

[Robert W]

You don't understand. When tariffs increase costs, the economy recedes. The national average price of diesel has increased 3.6 cents in the last week and stands at $3.594 per gallon. Yes, explain that.

Diesel is made in the USA for the domestic market. Tariffs have long been levied on the USA suppliers. By foreign nations.
Trump has saved our economy in fact and not harmed it. We face a lot less tariffs now than when he took office.

 

[Mac1958]

Somebody's gettin' fired at the Census Bureau.

Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.

Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.

On a year-over-year basis, the deficit through November stood at $839.5 billion, or about 4% higher than the same period in 2024.

 

[Synthaholic]

 

[Synthaholic]

Mattel toys should make toys here then.

Republicans were the ones who sent manufacturing abroad in the 1990s and 2000s.

 

[Robert W]

Republicans were the ones who sent manufacturing abroad in the 1990s and 2000s.

Democrats would rather shit in their own dinner than take the blame for what they do.

 

[Toddsterpatriot]

View attachment 1212985

Don't forget the million fake jobs "created" in 2024.

 

[Synthaholic]

What a ******* disaster. Trump has destroyed Joe Biden's beautiful economy. Only the gullible and the morons voted for that clown.

 

[Synthaholic]

Democrats would rather shit in their own dinner than take the blame for what they do.

Democrats didn't send manufacturing overseas, Republicans did. All the bills that made it more attractive for U.S. companies to move their operations overseas were authored by Republicans.

 

[Robert W]

Democrats didn't send manufacturing overseas, Republicans did. All the bills that made it more attractive for U.S. companies to move their operations overseas were authored by Republicans.

Why don't you have any evidence?

 

[Synthaholic]

 

[Synthaholic]

Why don't you have any evidence?

Question: What were the major Bills in the 1990s that incentivized moving U.S. manufacturing overseas?


The 1990s saw a number of major bills and policies that significantly impacted U.S. manufacturing, some of which created incentives for businesses to move manufacturing overseas. The main drivers were related to trade liberalization, tax incentives, and economic policies that favored global supply chains and outsourcing. Here are some of the key pieces of legislation that incentivized offshoring U.S. manufacturing:

• NAFTA - Negotiated by Bush, handed to Clinton.
• WTO - Signed by Clinton, but heavily influenced by the previous Bush administration.
• The Trade Adjustment Assistance (TAA) Program - The TAA did not directly incentivize offshoring but showed that the government anticipated such shifts in the economy due to trade liberalization.
• The Omnibus Trade and Competitiveness Act of 1988 (expanded in the 1990s) - While the 1988 Act was passed before the 1990s, it laid the groundwork for U.S. trade policy throughout the decade. It set the stage for trade negotiations that included lowering trade barriers and opening up international markets. This was in line with the broader shift toward global trade and the encouragement of multinational corporations to seek low-cost manufacturing overseas.
• The American Jobs Creation Act of 2004 (but roots in the 1990s) - Authors: Republican Senators Charles Grassley (IA) and Orrin Hatch (UT), and Democratic Senators Max Baucus (MT) and others. Although passed in 2004, the American Jobs Creation Act was influenced by policies from the 1990s. The Act aimed to create tax incentives for U.S. companies that repatriated profits from overseas. One of the provisions that indirectly supported offshoring was the tax treatment of U.S. multinational companies’ foreign earnings. U.S. firms could lower their tax burden by keeping profits overseas, and many companies found it more financially attractive to build supply chains abroad.
• Corporate Tax Code and Globalization Incentives
• The Export Enhancement Act of 1992

That's way more evidence than you have ever supplied for anything on this forum.

 

[Robert W]

Question: What were the major Bills in the 1990s that incentivized moving U.S. manufacturing overseas?


The 1990s saw a number of major bills and policies that significantly impacted U.S. manufacturing, some of which created incentives for businesses to move manufacturing overseas. The main drivers were related to trade liberalization, tax incentives, and economic policies that favored global supply chains and outsourcing. Here are some of the key pieces of legislation that incentivized offshoring U.S. manufacturing:

• NAFTA - Negotiated by Bush, handed to Clinton.
• WTO - Signed by Clinton, but heavily influenced by the previous Bush administration.
• The Trade Adjustment Assistance (TAA) Program - The TAA did not directly incentivize offshoring but showed that the government anticipated such shifts in the economy due to trade liberalization.
• The Omnibus Trade and Competitiveness Act of 1988 (expanded in the 1990s) - While the 1988 Act was passed before the 1990s, it laid the groundwork for U.S. trade policy throughout the decade. It set the stage for trade negotiations that included lowering trade barriers and opening up international markets. This was in line with the broader shift toward global trade and the encouragement of multinational corporations to seek low-cost manufacturing overseas.
• The American Jobs Creation Act of 2004 (but roots in the 1990s) - Authors: Republican Senators Charles Grassley (IA) and Orrin Hatch (UT), and Democratic Senators Max Baucus (MT) and others. Although passed in 2004, the American Jobs Creation Act was influenced by policies from the 1990s. The Act aimed to create tax incentives for U.S. companies that repatriated profits from overseas. One of the provisions that indirectly supported offshoring was the tax treatment of U.S. multinational companies’ foreign earnings. U.S. firms could lower their tax burden by keeping profits overseas, and many companies found it more financially attractive to build supply chains abroad.
• Corporate Tax Code and Globalization Incentives
• The Export Enhancement Act of 1992

That's way more evidence than you have ever supplied for anything on this forum.

I asked for evidence and you supplied the forum with just more claims. Noted are the excuses the author of those claims over what he said Democrats did. He whitewashed any Democrat.

 

[Synthaholic]

 

[Synthaholic]

I asked for evidence and you supplied the forum with just more claims. Noted are the excuses the author of those claims over what he said Democrats did. He whitewashed any Democrat.

That was from ChatGPT, doofus.

 

[Mac1958]

Atlanta Fed Wage Growth Tracker: Peaked at 6.7% in August 2022, now down to 3.7%.

Wage Growth Tracker

 

[Synthaholic]

 

[Synthaholic]

 

[Synthaholic]

 

[Synthaholic]

womp womp