toomuchtime_
Gold Member
- Dec 29, 2008
- 20,030
- 4,945
You appear not to understand what Trump means by manipulating the currency. The US, western European countries and most developed economies allow the exchange rate to be determined by the market, but China sets the exchange rate for its currency whenever the market rate would give it unfavorable conditions. When China devalues the yuan, it makes Chinese goods cheaper than US made goods in the US market so to compete, companies have to have their goods made in China. If Clinton had not brought China into the WTO, the US would have been able to place tariffs on Chinese goods made cheaper by currency manipulation, but WTO rules make such action illegal among members, so the US government is powerless to prevent jobs being lost to China.You have no clue ,We do as much manipulating of currency as China or any country does. Your so naive or controlled, one of the other.People with work permits are not illegals so your point is irrelevant to the discussion of illegal immigrants from Mexico.Ya so, your man just hired dozens who are on work permits For Mar-A-Lago Club, and you do know that he has his products made in China , As in Shipping jobs to other countries. Your type of love for American is funny but hardly true. Your man has done exactly what you are saying why you support him. Now about this terrorist thing, do you really think that Bumbles is the only candidate that want to protect Americans from terrorist. You made three points all of them are charged against your man, not Clinton.It is not hate to want to protect Americans from Islamic terrorists or to protect Americans workers from having their jobs stolen by illegal immigrants who work so cheap that many poor Americans cannot earn a livable wage. That's called love of America, something that seems to be missing from Clinton's campaign.I can't believe the level of hate this country has, in allowing this Evil man to be their presidential candidate. With enough support that he is completive with the Democratic nominee. . We Give this person who has no qualms at all about using the nuclear arsenal for any opponent enough Votes in the polls to be in the contest at all.
He spits out hate in every direction and his support from the right grows. How sick can they be to gamble the future and values of this country out of hate for a black man and a women.
In what country did you go to school to have such a distorted understanding of love and hate?
When Bill Clinton got China admitted to the WTO, it became impossible to force China not to manipulate its currency to make Chinese products cheaper and that forced American business people who wanted to stay competitive to have goods manufactured in China. Similarly, NAFTA, another of Bill Clinton's projects, which was fiercely opposed by the unions, paved the way for American jobs to go south of the border while rendering the US government helpless to try to protect them. Now, Obama wants to enter into another of these disastrous trade agreements, the Trans Pacific Pact, which will sen more US jobs to countries in the Pacific while leaving the US government helpless to protect these jobs.
Trump has long opposed all these pacts and has said he will either renegotiate them in a way that will keep US jobs in the US or he will withdraw from them and replace them with bilateral trade agreements that will allow him to protect US jobs.
Clinton appears not to know what she thinks about the issue.
I have a minute I'll explain manipulation of money for you. Something that is simply a tool, a economic tool to use to calm a economy or drive a Economy. In fact the only control any country has on any other country is these agreement that your told to hate, I don't give a dam one way or another but the are net gainers for this country not a net loss for this country.
Oh ya manipulating currency. When Bush just about destroyed this country and economy, To take us out of the pit the Regressive put us in, we printed money, massive amounts of money to drive interest rates down to help in the recovery. (seed money for bussiness)Printing money actually does multiple things, along with the printing of money it devalues the currency. Which makes our exports cheaper abroad and we got the benefit of that with Exports increasing from 1.5T to 2.3T from 2009 to 2015.Our exports to china went from 69,000 million in 2009 to 116,072 million in 2015 thats almost doubling in 7 years.
The Jobs moving overseas like Trump getting his products made in China. are bad but the part we control, thats companies that are more Capitalistic then Patriotic and who leave for money or to dodge taxes. Thats a easy one.
We are the second biggest exporter in the world , so tell me why we should not go into trade agreements in the world market that we are a leading trader in. If we compete in the world market things will change. but tell me of any other alternative then us competing in that world market.
I would say that you need a education on economics minimally and stay away from FOX CRAP NEWS AND RUSH FATTY.
"The U.S. trade deficit with China was $365.7 billion in 2015 This is a new record, up slightly from last year's record of $343 billion. The trade deficit exists because U.S. exports to China were only $116.2 billion while imports from China hit a new record of $481.9 billion."
The US does not manipulate the exchange rate of its currency. Although the Fed's policy of quantitative easy greatly increased the national debt, it would have had to produce inflation to have effected the exchange rate, and there has not been any significant inflation in the US for many years.
The huge US trade deficit, much of which is the result of Clinton's initiatives on getting China into the WTO and and NAFTA, cannot be ignored. As the US continues to spend tens of billions of dollars more on foreign made goods than foreign countries spend on US goods, foreigners accumulate huge amounts of dollars which they then use to buy up US assets, buildings, corporations and real estate, so in effect, the US is cannibalizing itself because of these multi national trade agreements that prevent the US government from protecting US companies and US jobs. Trump wants to change this drain on the US by either renegotiating trade agreements like NAFTA or withdrawing and signing separate trade agreements with Canada and Mexico that will allow the US government to take steps to prevent US jobs from going to Mexico.
I hope this helps you to understand the issues a little better.