6 ms·

This is terrible. I actually like some of Trump's work in terms of negotiating better trade deals for the US. However, the unpredictability is a little nuts and

by lingzb 8y ago

This is terrible. I actually like some of Trump's work in terms of negotiating better trade deals for the US. However, the unpredictability is a little nuts and threatens stalling an otherwise great US economy of late. Basically snatching defeat from the jaws of victory.

prolikewh0a 8y ago
I've been hearing that we have a great economy lately from a lot of people. Could you please explain why US has a great economy currently?
- 1996 8y ago
  growth
  - craftyguy 8y ago
    That's such a superficial metric for a 'great economy.' It doesn't consider other factors like 'ability to keep growing.' An economy that is growing like crazy but in a way that is completely unsustainable (i.e. will lead to its downfall) is hardly what I would call 'great.'
- Fjolsvith 8y ago
  Well, in my shed manufacturing business, my sales have doubled since mid-March, to the point that my production can't keep up. I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting.
  - prolikewh0a 8y ago
    >I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting. Wages haven't seen an increase since the 70's for 60% of the country. There must be some other contributing factor. https://www.businessinsider.com/record-median-household-income-is-hiding-a-chilling-fact-2017-9 https://www.businessinsider.com/record-median-household-inco...
    - Fjolsvith 8y ago
      That data is from before the Trump tax cut. I don't think you can dismiss it as a factor.
      - prolikewh0a 8y ago
        The tax cuts were to benefit the already wealthy. The majority of the country has actually seen wages fall since the tax cuts. https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloomberg-wages https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloombe...
        Fjolsvith 8y ago
        Quote from that article: "Statistics data from the second quarter isn’t available yet. Two quarters might be too early to gauge the tax bill’s effects on wages."
    - Fjolsvith 8y ago
      Besides, the extra dollars in their paychecks didn't come from wage increases. It came from them having less money withheld from their current pay.
craftyguy 8y ago
> I actually like some of Trump's work in terms of negotiating better trade deals for the US Has he actually successfully negotiated anything other than "the EU might buy a small number of soybeans from us"? I'm asking because there's a lot of rhetoric from him and his friends that he is successful negotiating trade agreements, but I'm stuggling to find any that are meaningful.

by lingzb 8y ago

prolikewh0a 8y ago

I've been hearing that we have a great economy lately from a lot of people. Could you please explain why US has a great economy currently?

1996 8y ago
growth
- craftyguy 8y ago
  That's such a superficial metric for a 'great economy.' It doesn't consider other factors like 'ability to keep growing.' An economy that is growing like crazy but in a way that is completely unsustainable (i.e. will lead to its downfall) is hardly what I would call 'great.'
Fjolsvith 8y ago
Well, in my shed manufacturing business, my sales have doubled since mid-March, to the point that my production can't keep up. I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting.
- prolikewh0a 8y ago
  >I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting. Wages haven't seen an increase since the 70's for 60% of the country. There must be some other contributing factor. https://www.businessinsider.com/record-median-household-income-is-hiding-a-chilling-fact-2017-9 https://www.businessinsider.com/record-median-household-inco...
  - Fjolsvith 8y ago
    That data is from before the Trump tax cut. I don't think you can dismiss it as a factor.
    - prolikewh0a 8y ago
      The tax cuts were to benefit the already wealthy. The majority of the country has actually seen wages fall since the tax cuts. https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloomberg-wages https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloombe...
      - Fjolsvith 8y ago
        Quote from that article: "Statistics data from the second quarter isn’t available yet. Two quarters might be too early to gauge the tax bill’s effects on wages."
  - Fjolsvith 8y ago
    Besides, the extra dollars in their paychecks didn't come from wage increases. It came from them having less money withheld from their current pay.

craftyguy 8y ago

> I actually like some of Trump's work in terms of negotiating better trade deals for the US Has he actually successfully negotiated anything other than "the EU might buy a small number of soybeans from us"? I'm asking because there's a lot of rhetoric from him and his friends that he is successful negotiating trade agreements, but I'm stuggling to find any that are meaningful.