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Thread: Trump's Economy

  1. #166
    Senior Contributor DOR's Avatar
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    Quote Originally Posted by tbm3fan View Post
    There are many, on a certain side, who liked to call Jerry a nut case or Moonbeam. In actuality Brown was fairly conservative with money both times in office. He always believed in having a good surplus in case of bad years. I guess those bad years were during Republican governors. He did it again before leaving office for his ranch and resisted the Legislature's call for spending more of the surplus.
    Whenever the GOPers go up against a middle-of-the-road opponent, say a Democrat (but, I repeat myself), they paint him or her as a socialist, liberal, progressive, or communist. It seems they can't tell the difference between people who oppose their neanderthal political tactics, and those who simply oppose their fascist ideology.
    Trust me?
    I'm an economist!

  2. #167
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    Quote Originally Posted by DOR View Post
    It's called a mobile phone, or "cell," Grandpa.
    Ask a teenager.
    I'm an Old and know what I call it?





    My phone
    “Loyalty to country ALWAYS. Loyalty to government, when it deserves it.”
    Mark Twain

  3. #168
    Defense ProfessionalSenior Contributor tbm3fan's Avatar
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    Quote Originally Posted by Albany Rifles View Post
    I'm an Old and know what I call it?





    My phone
    My phone currently is an old 15 year old flip phone. I rarely ever make calls from it. Recently my 33 year old niece kidded me about moving up with the times. So I went into a store, after thoroughly researching things, and presented what I was looking for exactly. Mind you this is a small window of opportunity given on how I operate. In short you don't want me to walk out. The sales kid went to check on what I wanted and was somewhat perplexed that I didn't not want unlimited data. I rather carry a book with me and I wanted minimal cost. He couldn't come up with what I was looking for nor a solution and I walked. Oops!

    I'm old like you but have a 10 year old who has discovered a new phrase that has become popular with some. He is not the correct age but he likes it nonetheless. Can you guess....?

    Boomer.

    Of course there is risk for him in using it...

  4. #169
    Former Staff Senior Contributor Ironduke's Avatar
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    Quote Originally Posted by DOR View Post
    It's called a mobile phone, or "cell," Grandpa.
    Ask a teenager.
    And how's a cell phone a more innovative way of checking the time than a wristwatch?

    A quick flick of the wrist versus lugging a 6 oz black brick out of my pocket.
    "Every man has his weakness. Mine was always just cigarettes."

  5. #170
    Senior Contributor DOR's Avatar
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    Quote Originally Posted by Ironduke View Post
    And how's a cell phone a more innovative way of checking the time than a wristwatch?

    A quick flick of the wrist versus lugging a 6 oz black brick out of my pocket.
    There was never any discussion of being a better idea. It's just what people are more and more likely to do these days.
    Have a look at the wrists of 50 random people under the age of 40.
    Trust me?
    I'm an economist!

  6. #171
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    U.S. Agriculture Secretary says no need for more farm aid after China trade deal

    AUSTIN, Texas (Reuters) - With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase 1 China trade deal, the U.S. Agriculture Secretary said on Monday there is no need for a third year of trade-related aid for farmers.

    Farmers have increasingly relied on aid from the U.S. government to survive during the past two years as exports have lagged throughout the U.S.-China trade war. But USDA Secretary Sonny Perdue said China will soon begin buying U.S. farm goods to meet the $40 billion in agricultural purchase agreements it made, alleviating growers' need for more aid.

    China, which typically buys the bulk of its U.S. agriculture products during the fall and early winter, will likely change the timing of its purchases, Perdue said.

    "If China is going to achieve that, and we believe they are, we think they have to buy earlier than the traditional export season from the United States," said Perdue, speaking at the American Farm Bureau Federation's annual convention.

    His remarks came one day after U.S. President Donald Trump addressed the convention, promising farmers that the deal will be good for them.

    Washington and Beijing signed the pact on Jan. 15, though tariffs on major U.S. farm exports have not been removed and structural economic differences were not addressed.

    Perdue said the third tranche of a $16 billion aid package announced in May will be paid to farmers "imminently," but that they should not expect a 2020 aid package.

    China bought roughly 60% of U.S. soybean exports before the trade war and also was a major buyer of sorghum, dairy and pork.

    Chinese Vice Premier Liu He said Chinese firms will buy American products, "based on market conditions," raising doubts that the country will meet its commitments under the pact.

    Growers are used to dealing with seasonality in the export program and could afford to wait without fresh trade aid, said Lane Osswald, 44, a farmer from Eldorado, Ohio.

    "Everyone is prepared for the South American harvest to hit the market every year," Osswald said.Soybean futures have dropped 1.3% since the trade deal was signed.

    The China deal, and the recent passage of the United States-Mexico-Canada Agreement, will allow farmers to prosper, Perdue said.

    Trump gained support among American farm families at the end of 2019, Reuters/Ipsos poll data showed, as Trump touted the trade deal ahead of its signing. Farmers broadly voted for Trump in 2016.
    ____________

    Looks like there will be an opening for a new Secretary of Agriculture...

    If anyone believes that Trump has "fixed" the clusterfuck he created, then I have some beachfront property in Kansas to sell you.

    Of course payments will be necessary in 2020 for farmers. This is an election year after all. Tucked in the article is that $16 Billion announced last May is due to be paid soon. Nice, but more will be needed in this election year.

    Now let's see the farmers take a "promise" from China to the bank. There's nothing to bind China to buying from US farmers now that they have been buying from Brazil and Russia.

    So if there is no longer a need for farm aid after the deal, that means the only reason was needed in the first place was cause of the trade war.

    Did this do anything other than bring us back where we were before?
    “You don’t even have to be convicted of a crime to lose your job in this constitutional republic if the Senate determines that your conduct as a public official is clearly out of bounds in your role… because impeachment is not about punishment. Impeachment is about cleansing the office. Impeachment is about restoring honor and integrity to the office.”
    ~ Lindsey Graham

    "The notion that you can withhold information and documents from Congress no matter whether you are the party in power or not in power is wrong. Respect for the rule of law must mean something, irrespective of the vicissitudes of political cycles."
    ~ Trey Gowdy

  7. #172
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    Quote Originally Posted by TopHatter View Post
    U.S. Agriculture Secretary says no need for more farm aid after China trade deal

    AUSTIN, Texas (Reuters) - With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase 1 China trade deal, the U.S. Agriculture Secretary said on Monday there is no need for a third year of trade-related aid for farmers.

    Farmers have increasingly relied on aid from the U.S. government to survive during the past two years as exports have lagged throughout the U.S.-China trade war. But USDA Secretary Sonny Perdue said China will soon begin buying U.S. farm goods to meet the $40 billion in agricultural purchase agreements it made, alleviating growers' need for more aid.

    China, which typically buys the bulk of its U.S. agriculture products during the fall and early winter, will likely change the timing of its purchases, Perdue said.

    "If China is going to achieve that, and we believe they are, we think they have to buy earlier than the traditional export season from the United States," said Perdue, speaking at the American Farm Bureau Federation's annual convention.

    His remarks came one day after U.S. President Donald Trump addressed the convention, promising farmers that the deal will be good for them.

    Washington and Beijing signed the pact on Jan. 15, though tariffs on major U.S. farm exports have not been removed and structural economic differences were not addressed.

    Perdue said the third tranche of a $16 billion aid package announced in May will be paid to farmers "imminently," but that they should not expect a 2020 aid package.

    China bought roughly 60% of U.S. soybean exports before the trade war and also was a major buyer of sorghum, dairy and pork.

    Chinese Vice Premier Liu He said Chinese firms will buy American products, "based on market conditions," raising doubts that the country will meet its commitments under the pact.

    Growers are used to dealing with seasonality in the export program and could afford to wait without fresh trade aid, said Lane Osswald, 44, a farmer from Eldorado, Ohio.

    "Everyone is prepared for the South American harvest to hit the market every year," Osswald said.Soybean futures have dropped 1.3% since the trade deal was signed.

    The China deal, and the recent passage of the United States-Mexico-Canada Agreement, will allow farmers to prosper, Perdue said.

    Trump gained support among American farm families at the end of 2019, Reuters/Ipsos poll data showed, as Trump touted the trade deal ahead of its signing. Farmers broadly voted for Trump in 2016.
    ____________

    Looks like there will be an opening for a new Secretary of Agriculture...

    If anyone believes that Trump has "fixed" the clusterfuck he created, then I have some beachfront property in Kansas to sell you.

    Of course payments will be necessary in 2020 for farmers. This is an election year after all. Tucked in the article is that $16 Billion announced last May is due to be paid soon. Nice, but more will be needed in this election year.

    Now let's see the farmers take a "promise" from China to the bank. There's nothing to bind China to buying from US farmers now that they have been buying from Brazil and Russia.

    So if there is no longer a need for farm aid after the deal, that means the only reason was needed in the first place was cause of the trade war.

    Did this do anything other than bring us back where we were before?
    They'll work it out. One way or the other, they'll work it out.

  8. #173
    Senior Contributor DOR's Avatar
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    I wouldn’t discount China taking a page from Japan’s playbook, section Rice (1980s):
    Buy US soyabeans (etc) and just dump it on the world market.
    Problem solved.
    Trust me?
    I'm an economist!

  9. #174
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    Looks like there will be an opening for a new Secretary of Agriculture...

    If anyone believes that Trump has "fixed" the clusterfuck he created, then I have some beachfront property in Kansas to sell you.

    Of course payments will be necessary in 2020 for farmers. This is an election year after all. Tucked in the article is that $16 Billion announced last May is due to be paid soon. Nice, but more will be needed in this election year.

    Now let's see the farmers take a "promise" from China to the bank. There's nothing to bind China to buying from US farmers now that they have been buying from Brazil and Russia.

    So if there is no longer a need for farm aid after the deal, that means the only reason was needed in the first place was cause of the trade war.

    Did this do anything other than bring us back where we were before?
    BTW, just for context: we've spent more on the bailouts for farmers than we do for the entire US State Department, or for the US Navy shipbuilding program.

    or, to put it in conservative speak, about 60 Solyndras.
    There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "My ignorance is just as good as your knowledge."- Isaac Asimov

  10. #175
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    Quote Originally Posted by Wonderful Plans View Post
    They'll work it out. One way or the other, they'll work it out.
    Really? That's your response? That's what you're pinning your hope on?
    “You don’t even have to be convicted of a crime to lose your job in this constitutional republic if the Senate determines that your conduct as a public official is clearly out of bounds in your role… because impeachment is not about punishment. Impeachment is about cleansing the office. Impeachment is about restoring honor and integrity to the office.”
    ~ Lindsey Graham

    "The notion that you can withhold information and documents from Congress no matter whether you are the party in power or not in power is wrong. Respect for the rule of law must mean something, irrespective of the vicissitudes of political cycles."
    ~ Trey Gowdy

  11. #176
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    Quote Originally Posted by astralis View Post
    BTW, just for context: we've spent more on the bailouts for farmers than we do for the entire US State Department, or for the US Navy shipbuilding program.

    or, to put it in conservative speak, about 60 Solyndras.
    Let's not talk about the Trump Party's socialism. It's a dirty word and makes them look like massive hypocrites on several levels.
    “You don’t even have to be convicted of a crime to lose your job in this constitutional republic if the Senate determines that your conduct as a public official is clearly out of bounds in your role… because impeachment is not about punishment. Impeachment is about cleansing the office. Impeachment is about restoring honor and integrity to the office.”
    ~ Lindsey Graham

    "The notion that you can withhold information and documents from Congress no matter whether you are the party in power or not in power is wrong. Respect for the rule of law must mean something, irrespective of the vicissitudes of political cycles."
    ~ Trey Gowdy

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