How should we punish China?
- Thread starter MAGA MAN
- Start date
Iolo/Penderyn
Verified User
Into the Night
Verified User
Into the Night
Verified User
He is responsible for the great economy that was, it's Obama's now.........
Obama didn't have a great economy.
The Best Way to Punish China ... It to Send them Trump the entire Trump Family in January 2021
MAGA MAN
Let's go Brandon!
They'll be too busy running the US of A.
Yep, the trade balance with China that Trump was going to fix went up 25 percent.
Nope, They are real fallacy boy. TBS is infecting you.
He started from the typical Repub economic mess and fixed it making it vibrant and growing. All Trump did was take credit while doing nothing.
Into the Night
Verified User
Define 'real'. You are making up numbers.
Into the Night
Verified User
Obama didn't fix anything. He printed empty dollars and gave them away to his cronies, he nationalized companies and industries, he constantly made arbitrary changes to business conditions, etc. Trump has renegotiated NAFTA to be more favorable to U.S. interests, renegotiated trade with China to a more equitable level, reduced burdensome regulations and taxes to entice businesses to invest here again, which is actually happening.
TDS.
The President cannot print money. It is the Federal Reserve that creates money. Technically, the Bureau of Engraving and Printing prints what will become money, and the Federal Reserve officially turns it into money.
The Federal Reserve created money to reverse the deflation caused by huge amounts of money being destroyed. Or that was what it used to do. Starting in September, the Fed had to create money to makeup for extreme shortages of cash on hand. We nearly lost all our corporations at once, and that was before Covid-19. Now the Fed is creating money trying to keep the states from collapsing. It is a real mess under trump.
But back when Obama was President, the Fed created money to keep the value of money steady.
FUCK THE POLICE
911 EVERY DAY
Death to America
Into the Night
Verified User
Correct. However, Obama lobbied Congress to print the money.
The Federal Reserve follows what Congress orders. They will print all the money that Congress asks for.
WRONG. Money is not paper. It is bits. Only a small portion takes the form of paper.
Nope. Never did. It has always 'printed' more money than what is destroyed.
This is creation of money without a corresponding creation of wealth. That's inflation, dude.
Inflation doesn't save corporations.
Inflation doesn't stop any State government from collapsing. It doesn't stop any business from collapsing.
Trump is a proper noun. It is capitalized. Yes it's a real mess. Blame the House. They are the only ones authorized to spend government money.
Printing money without a corresponding increase in wealth is inflation, dude.
If you dropped the stuff from helicopters, it becomes so worthless that people will abandon it (to a certain extent, that's already happening!). Printing money without a corresponding increase in wealth does not keep the value of money steady. It erodes it.
Handing out money claiming that they are loans when ones knows that there is zero chance that much/most of it will be paid back, when before they even go out everyone who is not willfully ignorant knows that there will be a very high default rate....is playing with dynamite.
It is gross irresponsibility.
If Trump did nothing, then this downturn is on Obama?
Congress cannot print the money. Or technically speaking Congress could repeal all they have done before, and print the money, but they have not done that. The Federal Reserve alone creates money. You do not seem to understand how the government works.
The Fed does not follow Congresses orders, and does not print money when Congress asks. Congress has never asked the Fed to print money. It just does not happen. The Fed is an autonomous body that decides policy based on monetary stability first and foremost.
If that were true, we would not have deflation during a recession, like we have had. We have had below target inflation for 12 years now, slipping into deflation from time to time. That is DEFLATION, dude.
Of course government can stop a business from collapsing. The question is whether it should stop them from collapsing. Providing companies with cash on hand starting in September saved almost all of corporate America from technical bankruptcy, but again there is a question: why was there no cash on hand in the American economy?
trump had failed America very badly, even before the pandemic. The Fed was forced to step in and risk inflation to rescue our economy from trump's incompetence.
Last edited:
The Repo market loans are some of the most steady loans imaginable. Corporations are required to have very solid collateral. Those loans are going to be paid back in full, one way or another. The issue there is creation of money for other than fighting deflation.
Historically, quantitative easing has bought very steady debt. More recently, some of the debt has been less steady, but even that is probably going to get repaid. The Fed has not gotten to the point where it is taking on debt with zero chance of being repaid.
Indeed.