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Another campaign promise shot to hell.

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Another campaign promise shot to hell.
How is it that Trump, who considers himself the great negotiator, has increased the trade deficit when he has repeatedly said he was going to close the gap?

https://www.axios.com/us-trade-deficit-record-trump-trade-war-b9826f19-594f-4e2a-a684-3dfde261d997.html
Categories: Money & Finances
Created: March 6, 2019
Totals: 0 votes, 14 comments
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Choozlet Id: kfRqexkUsCgoCCH
 
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Comments

A week and 4 days ago
From Forbes:
Part of the reason is Federal Reserve interest rate policy. Higher interest rates attract inflows of foreign capital to the U.S. Since the capital account is the inverse of the current account, this necessarily widens the current account deficit, of which the trade deficit is a significant component. Additionally, the U.S. dollar has been on a tear all year, driven up by rising interest rates. This makes American exports more expensive relative to competitors in the rest of the world, and encourages imports. Thus, Fed monetary policy is helping to widen the U.S.'s trade deficit.

Interestingly, Fed policy is something Trump has often criticized. Try as you might, Trump is one of the most well-versed presidents we have ever had when it comes to economics and finances--maybe the most we have ever had. You might not like him, or the way he talks or the fact that there are bankuptcies in his resume (which of course is a foolish/moronic argument against) but the fact is that he has eat and breathed finance, interest rates, profit/loss, import/export, etc for literally 5 decades. Please point to someone that has been ensconced in any industry, day in and day out, for decades that does NOT have a thorough and deep understanding of that industry. It is literally an impossibility.

Now, that does not mean that everything anyone does, no matter their knowledge and experience, will work. These arent real estate deals. Every step of the way there are outside forces--the Fed, Democrats, the media, other countries, market forces, etc that also factor in. But, the strategy is straight-forward--tariffs and outlasting in a trade war. Its unrealistic to expect results in two years. Especially with a political party, Democrats, that is supposed to be pro-America but actively fights AGAINST this effort. What is the logical reason to not support taking a hard stance against countries that take advantage of us in an effort to get more fair trade deals? The answer should be that there i no logical reason. But Democrats would rather Trump "lose" even if that is worse for the country.

Although Im curious, the title of this is is "another campaign promise shot to hell" What are the others? Trump campainged on a few big items:

1) The wall--in progress
2) Conservative judges--happening
3) Tariffs and trade deals--in progress

What has been shot to hell?
A week and 4 days ago
It's too early to call this. JMHO
reply to: It's too early to call this. JMHO
A week and 4 days ago
I dont think its too early to make the a judgemnt though on promises kept. I think, reasonably (of course that rules out anyone with rabid TDS) one can say promises are kept if there is truly a good faith effort to make good on them. There are no guarantees--again too many external forces. But its hard to deny that Trump has stuck to his campaign promises as well as any president in recent memory. One big exception, sadly (to me) is screwing up the wall. The time to go "nuclear" was when he had his own party in control of Congress.
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reply to: I dont think its too early to make the a judgemnt though on promises kept. I think, reasonably (of course that rules out anyone with rabid TDS) one can say promises are kept if there is truly a good faith effort to make good
A week and 4 days ago
I was referring more to the bottom line on the trade deficits. I agree that Trump has kept and tried to keep his campaign promises. I disagree with how he has gone about some things, including on the wall, but a lot of blame lies with Republicans (2009-19), too.
reply to: I was referring more to the bottom line on the trade deficits. I agree that Trump has kept and tried to keep his campaign promises. I disagree with how he has gone about some things, including on the wall, but a lot of blame
A week and 4 days ago
I agree. One year in, it makes no sense to try and draw conclusions. Especially since it is a long term strategy.

The sad thing is that even Democrats, I think, would agree that if we have trade deals that are unbalanced out of our favor, they should be renegotiated. It's almost unthinkable that anyone would just shrug theire shoulders and say "whatever". So, we know this is an important issue. Yet, Democrats can't get behind him for the good of the country, and would prefer he fails... to the detriment of the country?

Of course, their response will predictable be... of course we want better trade deals, we just dont like the way Trump is going about it. As if, 1) there were any other way or 2) any other politician has ever had the guts/balls to take this issue head on.

So basically, the Democrat position nets out at... its important but we would prefer the status quo than a Trump success.

Of course, the EXACT same logic plays out when it comes to border security.
reply to: I agree. One year in, it makes no sense to try and draw conclusions. Especially since it is a long term strategy. The sad thing is that even Democrats, I think, would agree that if we have trade deals that are unbalanced out
A week and 3 days ago
Whether any given person will agree or diagree on anything depends upon whether it's their guy in office or not. It's an endless game with the sides trading places every few years. There are very real differences between Rs and Ds, between conservatives and liberals...but both sides play the game.

There are those who would, yes. The same was true with the last president. And the one before him, and the one before him, and on and on. But that isn't really most people, left or right. It is the extremes, the very vocal minority on each side. The average American would much rather have their lot in life improve than revel in the schadenfreude of seeing Trump crash and burn.

Yep, predictable. Again, true of both sides. Of course, I'm speaking about the majority of folks, those who fall somewhere in the center/moderate realm on the political scale. The left-leaning center likes to point out the alt-right and deplorables, while the center-right brings up the socialists and SJWs.

Thing is that the outliers on both sides are increasing. Many wish to blame that on Trump. And to be fair, he's a master at trolling. But he wasn't the cause...he was the response. And it isn't just happening here. It's happening all across the western world, and elsewhere, too.

So while we can argue about tariffs or the wall, about collusion or obstructionist lawsuits, about who's right and who's wrong, about the better way to deal with a problem or if it's even a problem at all...not a goddamn thing will change as long as everyone is just pointing their fingers in blame. Yes, the left used to be concerned about the jobs that fair tarrifs protected before we outsourced the good life the average family enjoyed in the decades following WW II and opposed illegal immigration while supporting borders, and now that Trump wants those things, they don't...because it's Trump. But disagree with them all you want, ya gotta admit they can put their infighting aside and work together against Trump. The right had 7 years to put together a healthcare repeal and replace. They had two more to get it through. What did they accomplish? The mandate got repealed. That's it. Now, that's a damn good thing, but we still have the ACA. That's on the Rs in Congress from the time the ACA was proposed right on through the end of last year. Why didn't they bust****on the border the past two years? Trump talks how Trump talks, but he will negotiate. Why didn't the Rs pull together and help him?

Sorry to rant Z8, but I'm sick of all the pettiness and chasing after shiny objects. And yeah, I enjoy discussing those things, too...but I'm sick of both sides playing politics with our lives and livelihoods. Thing is everyone wants to act like this or that is the end of the world, but historically we don't really see the overall impact of any president for years, sometimes decades. Most people's lives maintain a fairly steady course from one president to the next to the next, with the normal ups and downs and incremental changes...but I see a fundamental shift happening within our society right now...and I guess it has me feeling a bit unsettled.
A week and 4 days ago
Completely agree Linnster. Trump pats himself on the back for a lot of things without much merit. I never did like people that tooted their own horn like that.

Good to see you btw! You have been missed.
reply to: Completely agree Linnster. Trump pats himself on the back for a lot of things without much merit. I never did like people that tooted their own horn like that. Good to see you btw! You have been missed.
A week and 3 days ago
Thank you, :)
A week and 3 days ago
"This presidency is fake and failed": Mika Brzezinski no longer has hope in Donald Trump http://www.salon.com/2017/03/06/this-presidency-is-fake-and-failed-mika-brzezinski-no-longer-has-hope-in-donald-trump

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A week and 3 days ago
Trade has been unbalanced and out of our favor for too long. Another one of my gripes with our government. So I hope this is one area where our President will ultimately be successful, whether he is democrat or republican.

Also, the Federal Reserve has a lot to do with making our presidents look BAD, and I mean Jimmy Carter in particular. Inflation had shot way up long before he took office, and then the reserve raised rates substantially while Carter was president. People forget that and just accuse him of being one of our worst presidents (and for other reasons i won't mention here). But I still feel he was a good president.

Now, our current president, to my knowledge, has definitely criticized the Fed Reserve, so they won't be helping him any at this time, I believe.
A week and 3 days ago
""This presidency is fake and failed": Mika Brzezinski no longer has hope in Donald Trump "

@Joe_Bunting_01 , please go back to the kiddie table.
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4 days ago
There are more of his lies coming out every day.
He is painting himself in a corner that he soon will not be able to get out of.
reply to: There are more of his lies coming out every day. He is painting himself in a corner that he soon will not be able to get out of.
About 2 days ago
Elections are going to be happening before you know it and hopefully we can see an end to the circus.
3 days ago
"There are more of his lies coming out every day. "
What are the lies?
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