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'Nator

The President is stone cold stupid. Just listen to him.

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Btowner   
40 minutes ago, OILERMAN said:

image.thumb.png.bea4fcd3d39ba919e7d2e41953df1bf7.png

Interesting graph, but many Trump supporters will dismiss it as,  “he speaks like one of us”  or “he’s a straight shooter telling it like it is”. They totally ignore this is a NY billionaire speaking

 

They will look at Obama’s score and claim, “English is his second language. He spent years working on his grammar  to trick America.”

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OILERMAN   

It remains unclear if Trump fully understands how the federal debt works

 

“You mentioned all the economic indicators are going up,” a reporter asked. “Why, then, is the — are U.S. deficits and the financial debt increasing at a time when the economy —”

Trump jumped in.

“Well, the trade deals won’t kick in for a while,” he said. “You know, number one, the USMCA” — the revised version of NAFTA that Trump’s administration negotiated with Canada and Mexico — “hasn’t even been approved yet. It has to go before Congress and get approved. Now, it should get approved quickly.”

Before NAFTA, Trump said, “we had huge surpluses with Mexico. With NAFTA, we have huge deficits. We lose $100 billion a year on trade with Mexico. Does that sound good? And this has been going on for many years. So I stopped it. I stopped it a lot.”

You probably noticed that Trump took a question that’s obviously about the federal budget deficit and gave an answer that dealt with the country’s trade deficits. Both are deficits, sure, but they relate to each other in about the same way that a tuning fork relates to a dinner fork. The term “deficit” describes something similar in each case, and they can even share similar properties, but the two are by no means equal.

...

Trump was asked if the tariffs he had imposed on China might remain in effect indefinitely even if the United States and China reached a broader trade agreement, as Trump hoped.

“Yeah, sure,” Trump replied. “We have 25 percent now on $50 billion. And by the way . . . that’s a lot of money pouring into our Treasury, you know. We never made 5 cents with China. We’re getting, right now, 25 percent on $50 billion. And then I was putting 25 percent at a later date, which date came and went — 25 percent or $200 billion.”

Now, it is true that tariffs can generate revenue for the government. In 2017, the U.S. government generated $34.9 billion in “customs duties,” taxes paid on the import of products into the country. That made up just under 1 percent of all of the taxes collected that year. (The bulk came from income taxes.)

If you’re curious, assuming that the U.S. government collected 25 percent tariffs on $50 billion in Chinese products, that would be another $12.5 billion in revenue, but that’s probably not a fair assumption. The percentage of revenue that would constitute is about 1.3 percent.

But, as The Washington Post’s Heather Long pointed out when Trump suggested in August that tariffs would pay down the debt, it’s not the Chinese paying those tariffs — it’s the person or company doing the importing. 

...

“The country — we took it over and owed over $20 trillion,” Trump said, referring to the national debt. “As you know, the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value. So you could say, in one sense, we’re really increasing values. And maybe, in a sense, we’re reducing debt.”

There is no sense in which rising stock market valuations reduces the federal debt. The way the federal debt is reduced is either by cutting federal spending or increasing federal revenue, including through raising taxes. As president, Trump has made overtures at the former and rejected the latter, meaning that the nearly $20 trillion debt Trump inherited has now topped $21.5 trillion.

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9 Nines   
30 minutes ago, OILERMAN said:

It remains unclear if Trump fully understands how the federal debt works


You probably noticed that Trump took a question that’s obviously about the federal budget deficit and gave an answer that dealt with the country’s trade deficits. Both are deficits, sure, but they relate to each other in about the same way that a tuning fork relates to a dinner fork. 

Actually the author of that analysis is showing that he is not knowledgeable.  The trade deficit and budget deficit are completely linked together.  With money flows there is a "to the penny" link between The 'US private sector balance' + 'government balance' + 'foreign balance (trade deficit)' = 0 exactly.  If one goes up, the other two have to "net" go down by the exact amount.    So again, they are linked to the penny between the three sectors.  So as the trade deficit rises, then either the government deficit has to increase by the same amount or consumers have to go into debt by the same amount, or a combination of the two going into debt by combined amount equal to the trade deficit rise. 

 

 

https://en.wikipedia.org/wiki/Sectoral_balances  This chart is not as informative with the percentages, but right idea, all add to zero at any point. Private domestic sector and government are inverses of each other for the most part but the foreign sector is one of the three sectors and is in balance with them, so they are directly linked. 

 

Sectoral_Financial_Balances_in_U.S._Econ

Edited by 9 Nines

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Rolltide   

Do we really need to show the youtube of Obama going full short bus after his teleprompter went down? Or him saying he visited 58 states. The combined IQs of the  board libtards who constantly paste threads like this cannot be above 100. Oilerman? Nator? Really?

 

 

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Btowner   
10 hours ago, Rolltide said:

Do we really need to show the youtube of Obama going full short bus after his teleprompter went down? Or him saying he visited 58 states. The combined IQs of the  board libtards who constantly paste threads like this cannot be above 100. Oilerman? Nator? Really?

 

 

What is the IQ of a grown ass man who feels the need to use libtard in every post? Your "mean girl" style of posting is not of someone who is "well read" or can express himself without half witted, childish, repetitive, growth stunted insults. 

Edited by Btowner

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@Rolltide can only use insults he’s told to use by fox media and trump. 

 

All these idiots posts posts even start sounding like trump tweets. Same structure, same insults, same meandering incoherent ramblings.  They literally can’t creatively come up with their own insults so they just mimic. 

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OzTitan   
On 2/4/2019 at 3:19 PM, Rolltide said:

Do we really need to show the youtube of Obama going full short bus after his teleprompter went down? Or him saying he visited 58 states. The combined IQs of the  board libtards who constantly paste threads like this cannot be above 100. Oilerman? Nator? Really?

 

 

Is this teleprompter thing the only example? it seems to keep being brought up in response to Trump's stupidity and it's not even close to the same thing.

 

Making a mistake is not the same as claiming something that's false to be true over and over again because you're too stupid to inform yourself. It isn't like Obama kept insisting it was 58, which would be the equivalent to the benchmark as it currently is with Trump.

Edited by OzTitan

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Btowner   
17 hours ago, titanruss said:

@Rolltide can only use insults he’s told to use by fox media and trump. 

 

All these idiots posts posts even start sounding like trump tweets. Same structure, same insults, same meandering incoherent ramblings.  They literally can’t creatively come up with their own insults so they just mimic. 

If a responsible parent heard their child repeatedly adding "tard" or simple minded insults to every playground conversation, they would discipline that child. It's amazing how adults are speaking at such a childish level. From time to time we all do it. But, every post from @Rolltide or @Soxcat is nothing more than ramblings by an insecure grade schooler with one weak, juvenile insult.

 

Last week, in response to Stacey Abrams being selected for the SOTU response, Sarah Palin called her a "literal loser". Putting aside the fact that Palin lost a presidential race, quit as governor and had a TV show cancelled, what is the need to call someone who has never said anything to or about you a literal loser?

 

So, I guess Trump derangement syndrome is the ability for adults to run around like grade schoolers trying to be insult comics.

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