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Yo_Mama_Been_Loggin

(107,729 posts)
Sun Sep 1, 2019, 02:01 PM Sep 2019

Trade war is hurting China; it may hurt Trump more

By Eugene Robinson

The Washington Post

President Trump is conducting his trade war with China as if it were a zero-sum game, but it’s not. It’s a negative-sum game. Both sides lose.

Sad! And self-defeating.

It’s clear at this point that Trump’s ill-advised gambit of tariffs and bombast is hurting both economies. The question is who can more stoically withstand the pain: an autocrat with a mandate to rule indefinitely over a tightly controlled one-party state, or a democratically elected president with dismal approval numbers who must face voters in 14 months.

I think I know the answer. I think most people do, except Trump. The president seems to have drunk his own Kool-Aid about being some sort of genius deal-maker. Asked Monday about his erratic and disruptive method, if you can call it that, Trump told reporters with a shrug, “Sorry, it’s the way I negotiate.” I’m sorry, too. The whole world should be.

Revised figures released Thursday show that the economy grew by 2 percent in the second quarter of this year; not bad, but sharply down from the 3.1 percent growth we saw in the first quarter. Trump claims on Twitter and at his rallies that the economy is not slowing. His own administration’s statistics prove that’s not true.

In fact, the economy is growing at about the same rate as during the last quarter of the Obama administration; the difference being that now economists are worried that we’re sliding toward a recession.

https://www.heraldnet.com/opinion/robinson-trade-war-is-hurting-china-it-may-hurt-trump-more/

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Trade war is hurting China; it may hurt Trump more (Original Post) Yo_Mama_Been_Loggin Sep 2019 OP
Anyone who loses over $ 1 BILLION in 10 years BigmanPigman Sep 2019 #1
He has plenty of help Scarsdale Sep 2019 #2

BigmanPigman

(51,565 posts)
1. Anyone who loses over $ 1 BILLION in 10 years
Sun Sep 1, 2019, 06:59 PM
Sep 2019

is not an economic genius but more of a boob. Of course, due to his mental issues, when he looks in the mirror he alternately sees God and Rockefeller. He is delusional and very sick. He will destroy this country and he will do it on purpose and out of sheer spite.

Scarsdale

(9,426 posts)
2. He has plenty of help
Mon Sep 2, 2019, 10:51 AM
Sep 2019

from the spineless gop, and his good buddy Vlad. Putin must be thrilled, his puppet performed even worse than expected.

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