Skip to comments.Trump's policies could enable America's economy to outpace China's
Posted on 08/20/2018 12:12:47 AM PDT by 2ndDivisionVet
The great engine of American capitalism is once again firing on all cylinders, as shown by the 4.1 percent annualized growth of Americas gross domestic product (GDP) in the second quarter of this year.
Most Americans (with the exception of Democrats in Congress) are celebrating the good economic news. There is quiet rejoicing in many European and Asian capitals as well, since their mostly sluggish economies will now be drawn along in Americas powerful wake.
But there is one capital where the American economic renaissance is definitely not welcome news. Consternation reigns in China, where President Xi Jinping is nervously watching his China Dream of dominating the United States go up in smoke.
You see, surprising though it may sound, Americas economy may now be growing at a faster clip than Chinas. And this changes everything.
Until recently, the Chinese economic juggernaut seemed unstoppable. Once China joined the World Trade Organization in 2001, its GDP exploded. Unfettered access to American markets combined with predatory trade practices allowed China to grow an economy only one-tenth the size of Americas to one nearly two-thirds as large....
(Excerpt) Read more at foxnews.com ...
It’s not firing on all cylinders, its firing on 2 out of eight. It picked up one cylinder from Trump eliminating a fraction of the moronic regulation the government squeezes us with. Give Trump a few more years, and or a little cooperation and he may get it firing on 3 or 4.
Force the government handouts out of colleges so they actually have to produce something other than violent snowflakes for six figure salaries and we might have more than a half assed economy in the future.
This includes bringing over millions of foreigners over to educate them in our universities.
From the article: Unfettered access to American markets combined with predatory trade practices allowed China to grow an economy only one-tenth the size of Americas to one nearly two-thirds as large.
Since when is $9trl 2/3 of $21trl?
And if the US is growing by 4% it is already outpacing China at 6.5%.
In 2017 China ran the largest trade surplus ever recorded, with America.
In 2018, the Chinese surplus, is increasing even further.
I don’t know how you explain that in your English, but around here that is known as getting your clock cleaned.
China is clobbering America.
Big time. Has been for over one entire generation.
Trump (may) do something about that. He said he would. He has talked a good game anyway. But EVERYONE has been sold out now, for a very, very long time now.
In both political parties.
For a long, long time.
Don’t believe what I am saying? See for yourselves:
Go to the business channels. China is laying off workers plus their currency is lower. Trump is having an effect as Xi is having problems with Chinese businessmen. Trump has a degree in econ from Wharton.
I really do not see what you are talking about.
We are getting decimated.
In every regard. In ever single market. China is clobbering America.
For real. Again Donald Trump seems to be the first leader in American history, who is saying “enough”.
But frankly even Trump, is not standing up yet.
Everyone has been selling out America for so long, we need to fight for America once again.
The thing is, I really don’t see who is going to do that.
Donald Trump seemed to be saying that. Two years ago.
Yet even now, our trade deficit with China is at an all-time bad record. Between any two countries. In all time.
Your input is based on BS. Chinese currency is down 9%. Chinese are selling their money. Retail sales in China are way down. Their retail market is collapsing. Investors are moving money out. Investors are going elsewhere. Sales at Walmart were just reported as the highest in over a decade. Perhaps you do not recall that Walmart was closing some stores under Obama.
Check out the numbers.
China is currently running a largest-ever trade surplus against the US.
Largest. Ever. Last year.
It is bigger than last year, every month this year.
Every single month.
Nope. I am not talking about China’s balance of trade.
I am talking about our bilateral trade balance.
China’s overall trade balanced improved this year. With America however, it got WORSE.
That is a fact. Our trade deficit with China, as a country, is the worst ever.
Bilateral trade deficit.
The worst. Right now.
Obviously you cannot/did not read the graph. Trump’s actions are WORKING.
What business channel/s do you watch? Do you read the WSJ?
Where do you live?
You really, really do not want to talk facts, do you.
China is currently running the largest-in-the-world’s-history surplus with the USA.
Biggest ever. In history. In the history of the entire world. EVER. Between any two countries. Ever.
And it is increasing yet again this year.
You do not want to accept this as fact. It is a fact.
The tariffs were not in place before/ did not effect the trade deficit with China until the July graph I posted below that you ignore. Trump just imposed tariffs on another 200 billion of China’s imports. Obviously you refuse to accept that XI is very nervous and wants to meet with Trump. Perhaps you can go to China? Your refusal to give Trump any credit is obvious. Negative people cannot find anything positive. You did not see the “Deficit in July was 40% LESS.”
Their bond market is tanking. They have a national debt of 300% of GDP. The real estate bubble has to burst eventually. Its been known to be a bubble for at least a couple years now. When you have entire “ghost cities” that sit practically empty, you know there’s got to be a ton of bad debts that will never be repaid. Our housing bubble was bad. Theirs is far worse.
Add to that a rapidly aging population due to the one child policy and I don’t see China sailing along with high growth rates perpetually like some have predicted.
Are you saying that the definition of the strength of an economy is balance of trade? That a country with a GDP of $9 trillion is stronger than one with a GDP of $21 trillion? That the economy of Mexico is stronger than the United States because ha have a $486 billion trade deficit with them?
Slow down champ.
I have supported Trump since before he was even a candidate.
I had one poster say to me, I was the earliest Trump supporter on FR. I don’t know if that is true, I sort of doubt it, but nevertheless I have been for Trump on this forum since VERY EARLY.
I also voted for him, in Michigan. A close state, he was not originally thought likely to win.
I support Trump. I have supported Trump for a very long time. I even bought a lot of trump items at a Trump campaign shop, in Michigan.
I lived for a while in China. A long, long time agao. I get that we are running a massive trade deficit with the country, and need to resolve that.
It is important.
Trump said he cared about that. A long time ago.
To a lot of people.
I am just reminding him. I want him to live up to the things he said.
He has done more positive things in less then two years then anyone in 40 years. At present we have more jobs open then people applying. The tariff’s “will work” to get years of unfair trade policies made by political hacks with no business experience renegotiated. The monkey wrench is our Congress consisting of more political hacks. They are afraid of tariffs. Hell, we had tariffs in colonial America and for many years. Trump needs us to elect business types-not lawyers. The lawyers in Congress who we are stuck with need email/letters telling them what we expect.
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