Score Trump 1, China 0
China's economic growth sinks to a 26-year low
China's economy took another hit last quarter as the tariff war with the United States takes its toll.
China's economic growth decelerated to a 26-year low in the latest quarter, adding to a deepening slump that is weighing on global growth.
https://www.foxbusiness.com/markets/chin...6-year-low
More winning.
Mods, can you merge this into the Trump keeps winning thread so we have accurate archives?
This is not a good thing. Unless you think destroying the world economy is a good thing.
And besides that, a recession in China would probably provoke a recession in the rest of the world, including the United States. And then, it would be even more certain that your boy loses his re-election.
That's certainly a skewed way to look at GDP, Drifter.
Reviewing China's
GDP net increase/decrease since 1998, a very steep decline began after a gradual growth increase of 7.6% over an 8 year period, right at the end of Dubya's term in 2007. China's 11-year slide since 2007 is represented by:
- A (4.5%) growth decrease during the last year of GW's term;
- A (3.8%) growth decrease during Obama's term (with a 1.2% increase from 2009-10), and
- A (.7%) continued growth decrease since Trump took office.
But sure: Trump 1, China 0.
(10-18-2019, 09:55 AM)The Real Marty Wrote: [ -> ]This is not a good thing. Unless you think destroying the world economy is a good thing.
And besides that, a recession in China would probably provoke a recession in the rest of the world, including the United States. And then, it would be even more certain that your boy loses his re-election.
There will be no recession Marty. As Xi quickly realizes he can't wait out Trump, an epic deal will be made and all will be good.
Shame on you for bad mouthing the only guy who has ever stood up for YOUR country to the bully China.
(10-18-2019, 10:04 AM)Gabe Wrote: [ -> ]That's certainly a skewed way to look at GDP, Drifter.
Reviewing China's GDP net increase/decrease since 1998, a very steep decline began after a gradual growth increase of 7.6% over an 8 year period, right at the end of Dubya's term in 2007. China's 11-year slide since 2007 is represented by:
- A (4.5%) growth decrease during the last year of GW's term;
- A (3.8%) growth decrease during Obama's term (with a 1.2% increase from 2009-10), and
- A (.7%) continued growth decrease since Trump took office.
But sure: Trump 1, China 0.
You don't need to respond to The Drifter, he just posts the article usually without additional comment.
(10-18-2019, 09:55 AM)The Real Marty Wrote: [ -> ]This is not a good thing. Unless you think destroying the world economy is a good thing.
And besides that, a recession in China would probably provoke a recession in the rest of the world, including the United States. And then, it would be even more certain that your boy loses his re-election.
#TDS
(10-18-2019, 09:55 AM)The Real Marty Wrote: [ -> ]This is not a good thing. Unless you think destroying the world economy is a good thing.
And besides that, a recession in China would probably provoke a recession in the rest of the world, including the United States. And then, it would be even more certain that your boy loses his re-election.
I disagree. This is a good thing. China doesn't run the world economy we do, and its about time we paid them back for all the cheating they have been doing (i.e. subsidizing thier exports, putting huge tariffs like 100% on American imports, when we used to have none on their exports to us). They were a terrible trade partner, and they deserve what they are getting.
(10-19-2019, 11:32 PM)HandsomeRob86 Wrote: [ -> ] (10-18-2019, 09:55 AM)The Real Marty Wrote: [ -> ]This is not a good thing. Unless you think destroying the world economy is a good thing.
And besides that, a recession in China would probably provoke a recession in the rest of the world, including the United States. And then, it would be even more certain that your boy loses his re-election.
I disagree. This is a good thing. China doesn't run the world economy we do, and its about time we paid them back for all the cheating they have been doing (i.e. subsidizing thier exports, putting huge tariffs like 100% on American imports, when we used to have none on their exports to us). They were a terrible trade partner, and they deserve what they are getting.
If China's economy is hurt in this trade war, there will be collateral damage in our own economy. A lot of people seem to think international trade is a zero sum game. It's not. Hurting China's economy will cause damage in the US economy.
(10-22-2019, 01:52 PM)The Real Marty Wrote: [ -> ] (10-19-2019, 11:32 PM)HandsomeRob86 Wrote: [ -> ]I disagree. This is a good thing. China doesn't run the world economy we do, and its about time we paid them back for all the cheating they have been doing (i.e. subsidizing thier exports, putting huge tariffs like 100% on American imports, when we used to have none on their exports to us). They were a terrible trade partner, and they deserve what they are getting.
If China's economy is hurt in this trade war, there will be collateral damage in our own economy. A lot of people seem to think international trade is a zero sum game. It's not. Hurting China's economy will cause damage in the US economy.
The difference is, the U.S. can absorb any "damage" that might come from this. China can not.
That's an odd post. The goal isn't to unilaterally hurt China's economy. It's to force China to deal differently with the United States. If our economy takes a dip in the process, but it leads to a better relationship in the end, it will be worth it in the long run. You can't make every decision based on immediate desires. I am not defending Trump here, because I am not an economist. I am just saying that logic is flawed.
(10-22-2019, 02:06 PM)jagibelieve Wrote: [ -> ] (10-22-2019, 01:52 PM)The Real Marty Wrote: [ -> ]If China's economy is hurt in this trade war, there will be collateral damage in our own economy. A lot of people seem to think international trade is a zero sum game. It's not. Hurting China's economy will cause damage in the US economy.
The difference is, the U.S. can absorb any "damage" that might come from this. China can not.
China doesn't have elections. We do. So don't be so sure we can absorb the damage without some political fallout. China, on the other hand, will use their complete control of the media to blame the United States for their economic woes. They can hang tough a lot longer than we can. See what happens if we have a recession before the election.
(10-22-2019, 02:17 PM)The Real Marty Wrote: [ -> ] (10-22-2019, 02:06 PM)jagibelieve Wrote: [ -> ]The difference is, the U.S. can absorb any "damage" that might come from this. China can not.
China doesn't have elections. We do. So don't be so sure we can absorb the damage without some political fallout. China, on the other hand, will use their complete control of the media to blame the United States for their economic woes. They can hang tough a lot longer than we can. See what happens if we have a recession before the election.
Strongmen didn't work for the Soviets. It won't work for the Chinese either.
(10-22-2019, 02:44 PM)HandsomeRob86 Wrote: [ -> ] (10-22-2019, 02:17 PM)The Real Marty Wrote: [ -> ]China doesn't have elections. We do. So don't be so sure we can absorb the damage without some political fallout. China, on the other hand, will use their complete control of the media to blame the United States for their economic woes. They can hang tough a lot longer than we can. See what happens if we have a recession before the election.
Strongmen didn't work for the Soviets. It won't work for the Chinese either.
But I was told they were going to bury us.
(10-22-2019, 02:17 PM)The Real Marty Wrote: [ -> ] (10-22-2019, 02:06 PM)jagibelieve Wrote: [ -> ]The difference is, the U.S. can absorb any "damage" that might come from this. China can not.
China doesn't have elections. We do. So don't be so sure we can absorb the damage without some political fallout. China, on the other hand, will use their complete control of the media to blame the United States for their economic woes. They can hang tough a lot longer than we can. See what happens if we have a recession before the election.
The thing is, there are really no signs of a recession on the horizon. Our economy is still humming along just fine. The MSM and social media won't tell you that. Imagine what would happen to our economy if the likes of Bernie Sanders or Elizabeth "Pochahantis" Warren was to become the democrat nominee (highly unlikely). The stock market would tank big time. It would be even worse if a candidate like that actually won the election. If you want to see recession, put a socialist in office.
The other thing to consider is the fact that China is not only dealing with the trade war, they are also dealing (on a world stage) with the situation in Hong Kong. Sadly, what doesn't get reported in the MSM is the fact that the demonstrators in Hong Kong are waving U.S. flags and embrace our way of freedom. They want to be like us!
(10-22-2019, 05:52 PM)jagibelieve Wrote: [ -> ] (10-22-2019, 02:17 PM)The Real Marty Wrote: [ -> ]China doesn't have elections. We do. So don't be so sure we can absorb the damage without some political fallout. China, on the other hand, will use their complete control of the media to blame the United States for their economic woes. They can hang tough a lot longer than we can. See what happens if we have a recession before the election.
The thing is, there are really no signs of a recession on the horizon. Our economy is still humming along just fine. The MSM and social media won't tell you that. Imagine what would happen to our economy if the likes of Bernie Sanders or Elizabeth "Pochahantis" Warren was to become the democrat nominee (highly unlikely). The stock market would tank big time. It would be even worse if a candidate like that actually won the election. If you want to see recession, put a socialist in office.
The other thing to consider is the fact that China is not only dealing with the trade war, they are also dealing (on a world stage) with the situation in Hong Kong. Sadly, what doesn't get reported in the MSM is the fact that the demonstrators in Hong Kong are waving U.S. flags and embrace our way of freedom. They want to be like us!
The signs of depression are from the left and the NeverTrumpers, they're depressed because we are doing so well and it's all Trump's fault.