Trade war with China will plunge us into recession

Originally posted by mike brown
YouTube video

I see your anecdotal appeal to emotion story that clearly has hidden the actual problems and I raise you the facts of the overall American Farming outlook and income:

https://www.fb.org/market-intel/usdas-early-look-at-2019-farm-income

Year over year, farming is up $6.3 billion.

"Reshoring" is up and manufacturing is up:

https://www.industryweek.com/economy/reshoring-rise-what-it-means-trade-debate

But manufacturing is up for different reasons. The US tops the chart for manufacturing production because of increased investments in automation and computer sciences:

US is also gaining greater shares of the market total, as well.

Primary takeaway: digital technologies in the manufacturing industry are improving the US's position in the world economy:

https://www.oliverwyman.com/our-expertise/insights/2017/nov/perspectives-on-manufacturing-industries-vol-12/manufacturing-in-a-changing-world/bringing-manufacturing-jobs-back-to-the-US.html

So let's bring this back around: we should not seek to replace displaced blue collar workers. We should continue to do what we are doing and simply automated the utter living shit out of everything with the world's best minds. While we are at it, continue to gain market share and increase our output WHILE reshoring our manufacturing. 🙂

This was a very long roundabout discussion where I asked you questions to lead you down the path of the facts. The facts of reality for what was already happening. If you played along, honestly, instead of trying to take jabs at Trump, you would have made the conclusion on your own and I wouldn't have said much. It would have been your idea, you would have found the facts, and you would be better for it.

We don't need 15,000 Foxconn blue collar Chinese assembly-line workers. We need a few industrial precision robots that can do 5x the work that 15,000 people can while doing so at much lower costs. Humans cannot compete with these economies of scale or robotic precision and speed. The trick is to reshore the work due to the reshoring market entry.

Tell me what you think about this

https://www.forbes.com/sites/chuckjones/2019/08/30/amid-trump-tariffs-farm-bankruptcies-and-suicides-rise/

There's a lot of facts in there. I know you like facts.

One of those facts is:

In another report from Newton, his analysis shows that while farm income in 2019 should increase by 10% from 2018, that would put it in the bottom 25% of the past 90 inflation-adjusted years. His analysis also includes direct payments from the Trump Administration’s Market Facilitation Program, and while it is not on the chart, 2018’s was even lower than 2019’s projected result

It's kinda of to bad that a President who wants people to make informed choices is so hated by the media who wants to have people listen to information.

Originally posted by Wonder Man
It's kinda of to bad that a President who wants people to make informed choices is so hated by the media who wants to have people listen to information.

Speak correctly.

Originally posted by mike brown
Tell me what you think about this

https://www.forbes.com/sites/chuckjones/2019/08/30/amid-trump-tariffs-farm-bankruptcies-and-suicides-rise/

There's a lot of facts in there. I know you like facts.

One of those facts is:

In another report from Newton, his analysis shows that while farm income in 2019 should increase by 10% from 2018, that would put it in the bottom 25% of the past 90 inflation-adjusted years. His analysis also includes direct payments from the Trump Administration’s Market Facilitation Program, and while it is not on the chart, 2018’s was even lower than 2019’s projected result

That wasn't directed at me, but if anyone wants more info on what the "Trump Administration’s Market Facilitation Program" is, here:

"Are you a farmer or rancher whose commodities have been directly impacted by unjustified foreign retaliatory tariffs, resulting in the loss of traditional export markets? The Market Facilitation Program was created for producers just like you.

]Agriculture Secretary Sonny Perdue announced May 23, 2019 that USDA would again provide aid to assist farmers hurt by trade disruptions prompted by unjustified foreign retaliatory tariffs on their products through MFP. President Trump authorized USDA to provide up to $14.5 billion in direct payments through MFP for 2019 to assist impacted producers, which is in line with the estimated impacts of the retaliatory tariffs on – and non-tariff barriers to exports of – U.S. agricultural goods." -snip

It's a handout band-aid to keep farmers floating while Trump wages his trade wars; tax payers are paying for it.

Rumors are Trump will be asking for a third bailout payment for our farmers in 2020.

Originally posted by mike brown
Tell me what you think about this

https://www.forbes.com/sites/chuckjones/2019/08/30/amid-trump-tariffs-farm-bankruptcies-and-suicides-rise/

There's a lot of facts in there. I know you like facts.

One of those facts is:

What do I think about the increase of sales of US agriculture products after the economic slump they were experiencing?

Good. Sounds great.

Or are you asking about the farmers who went out of business because of natural disasters? That's bad. Can't readily predict the weather. But, overall, they are in an upswing according to the facts.

Your wrong Rob and you know it which makes it worse.
Before the Trump election democrates wanted the Republicans to spend money.
Donald Trump agreed at the start for us to spend money even to the point of offering Russia a fix at our expense.
He spending more than any Democrate ever did.
And the world knows it.
All for America. Don't we even deserve 16 years.

How is Trump getting 16 years? By bribing father time?

Well we might get lucky and get 24 years if Mike Pence picks the Secretary of State
as his V.P.

Originally posted by Robtard

That wasn't directed at me, but if anyone wants more info on what the "Trump Administration’s Market Facilitation Program" is, here:

"Are you a farmer or rancher whose commodities have been directly impacted by unjustified foreign retaliatory tariffs, resulting in the loss of traditional export markets? The Market Facilitation Program was created for producers just like you.

]Agriculture Secretary Sonny Perdue announced May 23, 2019 that USDA would again provide aid to assist farmers hurt by trade disruptions prompted by unjustified foreign retaliatory tariffs on their products through MFP. President Trump authorized USDA to provide up to $14.5 billion in direct payments through MFP for 2019 to assist impacted producers, which is in line with the estimated impacts of the retaliatory tariffs on – and non-tariff barriers to exports of – U.S. agricultural goods." -snip

It's a handout band-aid to keep farmers floating while Trump wages his trade wars; tax payers are paying for it.

Rumors are Trump will be asking for a third bailout payment for our farmers in 2020. [/B][/QUOTE]

The problem is the bailouts do not even cover the losses.

Originally posted by 1698979x
Originally posted by Adam_PoE

The problem is the bailouts do not even cover the losses.

Pfft, who needs to worry bout that.

Originally posted by Robtard
[QUOTE=1698979x]Originally posted by Adam_PoE
[B]
The problem is the bailouts do not even cover the losses.

Pfft, who needs to worry bout that. [/B][/QUOTE] Trumpsays it isoj so the trumpers believe him.

This thread Didnt age well but then it again it was made by a dummy

The Phase One China deal is a sham, a thin band-aid meant to cover up the mess Trump caused and send the appearance that something is being done in an election year. It’s why Trump is saying Phase Two, which supposedly has real change won’t happen until after the election.

There are a number of things that are very useful for the USA as long as China actually fulfills its end of the deal:

https://ustr.gov/sites/default/files/US-China-Agreement-Fact-Sheet.pdf

That's isn't an interpretation but the document from the govt website.

I also thought that this was an important aspect of the agreement that popped out at me:

China has agreed to end its long-standing practice of forcing or pressuring foreign companies to transfer their technology to Chinese companies as a condition for obtaining market access, administrative approvals, or receiving advantages from the government.

Originally posted by Robtard
The Phase One China deal is a sham, a thin band-aid meant to cover up the mess Trump caused and send the appearance that something is being done in an election year. It’s why Trump is saying Phase Two, which supposedly has real change won’t happen until after the election.

“Trade War will Plunge US into recession” is what didn’t age well

Originally posted by BrolyBlack
This thread Didnt age well but then it again it was made by a dummy

👆