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pokerider

China Phase 1 deal

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24 minutes ago, westfan said:

I wonder if this China deal will help out Dairy producers like Dean Foods and Borden and the farmers that sell to them?

Well, dairy farmers are very happy about the USMCA trade deal that opens Canadian markets.

https://www.dairyreporter.com/Article/2020/01/16/Positive-dairy-reaction-as-USMCA-passes-Senate

Its nice to have a president that puts US workers first instead of just saying 'F U  your jobs aren't coming back, go learn to code.'

       

 

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It looks like this trade deal was a big fat giveaway to wall street and organized labor wasn't even consulted.  Labor isn't even mentioned anywhere in the agreement, it seems.

https://www.washingtonpost.com/business/economy/trumps-china-deal-was-pitched-as-boon-for-working-class-but-he-celebrated-with-wall-street-titans/2020/01/19/dfdf6296-3968-11ea-bf30-ad313e4ec754_story.html

The only reason labor was consulted on the new NAFTA was because Democrats forced it in order to pass it through the house.  This is what will end up costing Trump the election more than anything...fake populist who sold the midwest  to believe the silver tounged snake liar.  Turmp is a billionaire's billionaire.  He loves the attention he is now getting from the wall street people who always shunned him.  Those big, beautiful deficit busing tax cuts for the rich!  Typical reverse robin hood horse and sparrow economics conjob.

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29 minutes ago, Akkula said:

It looks like this trade deal was a big fat giveaway to wall street and organized labor wasn't even consulted.  Labor isn't even mentioned anywhere in the agreement, it seems.

https://www.washingtonpost.com/business/economy/trumps-china-deal-was-pitched-as-boon-for-working-class-but-he-celebrated-with-wall-street-titans/2020/01/19/dfdf6296-3968-11ea-bf30-ad313e4ec754_story.html

The only reason labor was consulted on the new NAFTA was because Democrats forced it in order to pass it through the house.  This is what will end up costing Trump the election more than anything...fake populist who sold the midwest  to believe the silver tounged snake liar.  Turmp is a billionaire's billionaire.  He loves the attention he is now getting from the wall street people who always shunned him.  Those big, beautiful deficit busing tax cuts for the rich!  Typical reverse robin hood horse and sparrow economics conjob.

 

So workers are doing better under Trump than Obama but not as good as the year 2000.

Quote

Yet labor’s share of the economic pie remains depressed. Workers’ salaries and benefits account for 77.9 percent of corporate income, according to the latest figures from the Bureau of Economic Analysis. That is improved by 1.5 percentage points under Trump, continuing a gradual rebound that began in 2014.

But workers have regained over the past five years less than half of what they lost since early 2000. Trump’s potential Democratic rivals in the November election, meanwhile, are engaged in a fierce debate about income inequality and the outsized influence of the nation’s wealthiest individuals.

From your article.

And all this crap about Wall Street doing well is actually good news for everyone that has investments, including most people's retirement plans. The only people who aren't winning with Wall Street are those who have put nothing away in any investment. I don't know what to say about those people except they better start.

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19 minutes ago, CV147 said:

 

So workers are doing better under Trump than Obama but not as good as the year 2000.

From your article.

And all this crap about Wall Street doing well is actually good news for everyone that has investments, including most people's retirement plans. The only people who aren't winning with Wall Street are those who have put nothing away in any investment. I don't know what to say about those people except they better start.

Obama did not do a good job with regard to China.  Even Schumer wanted to help Trump reign in China but Trump made enormous tactical mistakes and cannot plan past his next tweet storm so it is no surprise he failed.  He could have teamed up with Europe and his NAFTA buddies to isolate China.  He could have really made a play for the midwest if he would have made an international tax, labor, and environmental agreement whereby companies cannot simply outsource to the place with the lowest standard and then reimport those products back to the USA.  Instead he gets a rose ceremony and gets to declare the GREATEST VICTORY EVER!!!!! on his trade deal.  In reality, it is basically as weak and ineffective as his North Korea nuclear "deal" and rose ceremony.....unless you are a wall street bank, I guess!  

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