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Contributor

As far as "being gleeful that Trump lost the trade war"

like what are you suppose to do when something you said wouldn't work doesn't? 

In fact there was a decent plurality among "serious economic pundits" that it would, in fact, be easy. Of course there was also a similar consensus from the geopolitical brain trust that Iraq would be a cakewalk.

Funny how in both cases being right quickly equated to being unpatriotic.

Patriotism and religion, you know.

 

5 Replies
Senior Advisor

Re: As far as "being gleeful that Trump lost the trade war"

Who says we have lost. The trade war has been going on for 40 years. Trump is the first to fight back. Just because the traders decided to liquidate their longs doesn't mean we have lost the trade war.

Senior Contributor

Re: As far as "being gleeful that Trump lost the trade war"

I meant that from the prospective of potentially losing the trade war, but my point was we already lost, look at the charts, we've been losing for quite a while.  We're like 1941 France.  You being a Vichy-ite of course.

Contributor

Re: As far as "being gleeful that Trump lost the trade war"

Righto, Rummy. 

Just a few deadenders to mop up.

Contributor

Re: As far as "being gleeful that Trump lost the trade war"

Like 2003, always manage to work those darn frenchies in there. Who also turned out to be right, BTW.

I'd say more likely that you're Field Marshall Foch, guarding the Maginot line. But Patriotically!

Our trade deficit is 2.5% of GDP, hardly worth upsetting the international order over, at least alone. 

At present, the alliances that we'd need in order to force some meaningful changes are badly damaged. And the world is near entering recession. 

We've had a triple pro-cyclical stimulus- a tax cut for the wealthy and corporations and two budget deals that raised spending- with D agreement. Still, growth* is slowing even if we're currently the cleanest dirty shirt.

Trump has made noises that The Unitary Executive has massive powers and can do pretty much as it wishes without congressional approval. I think we'll see something interesting there when recession begins to loom later in the year.

*which never hit the promised 4%- in fact one of those nasty "revisions" says it was only 2.5% last year.

 

Senior Contributor

Re: As far as "being gleeful that Trump lost the trade war"

 

so easy a Caveman can do it.

Apparently school supplies , backpacks , gaming consoles and christmasy type gifts have national security implications.