China the only country with positive growth
Oct 16, 2020 13:37:21 #
Oct 16, 2020 13:47:49 #
Lonewolf wrote:
Well, now think about the v***s and where it came from.
Geeez, no surprise China may be the ONLY country with growth!
Maybe Chinese people are used to "no freedom", and can function as such.
Not here in the western world, we live free or die.
We'll be back as long as Kamala and Co. don't get to run the show...otherwise it is over for peace .
Oct 16, 2020 13:58:14 #
Sonny Magoo wrote:
Well, now think about the v***s and where it came from.
Geeez, no surprise China may be the ONLY country with growth!
Maybe Chinese people are used to "no freedom", and can function as such.
Not here in the western world, we live free or die.
We'll be back as long as Kamala and Co. don't get to run the show...otherwise it is over for peace .
Geeez, no surprise China may be the ONLY country with growth!
Maybe Chinese people are used to "no freedom", and can function as such.
Not here in the western world, we live free or die.
We'll be back as long as Kamala and Co. don't get to run the show...otherwise it is over for peace .
The CCP sent the v***s out to the world out of fear of new US Policy of U.S. first.
They sought to cripple the entire world, US first. We fooled them, didn’t we?
Oct 16, 2020 13:59:36 #
Lonewolf wrote:
You’ll never understand, will you?
Oct 16, 2020 14:03:37 #
Oct 16, 2020 14:19:19 #
Sonny Magoo wrote:
Well, now think about the v***s and where it came from.
Geeez, no surprise China may be the ONLY country with growth!
Maybe Chinese people are used to "no freedom", and can function as such.
Not here in the western world, we live free or die.
We'll be back as long as Kamala and Co. don't get to run the show...otherwise it is over for peace .
Geeez, no surprise China may be the ONLY country with growth!
Maybe Chinese people are used to "no freedom", and can function as such.
Not here in the western world, we live free or die.
We'll be back as long as Kamala and Co. don't get to run the show...otherwise it is over for peace .
China has growth because they are Manufacturing things. We no longer manufacture anything here.
This is due to republican policies of Reagan initially right up till now. Supply side economics is not a manufacturing economic program that is helping anyone needing jobs, only people selling things.
This is who we are. Big money buys lots of stuff cheap, and sells it to you. You are only a consumer.
You have no other stake. Keynesian economics makes more sense for us at this point.
China is making so much money, they don't know what to do with it all.
They are actually building full blown cities top to bottom cities the only thing missing is people. No people!
Only huge empty cities.
Boggles the mind.
Oct 16, 2020 14:31:54 #
Milosia wrote:
China has growth because they are Manufacturing th... (show quote)
Yep, everything in Walmart is made in China due to 40 years of left-wing regulations and insane taxes.
You should be happy about Chinas great success.
Oct 16, 2020 14:37:27 #
Milosia wrote:
NYT Archive: The Reagan Boom - Greatest EverChina has growth because they are Manufacturing th... (show quote)
Almost everyone knows that the greatest depression the U.S. ever had was in the 1930's. It was known as the Great Depression, and its infamy merits a separate section in economics textbooks. But what was its counterpart? When did our greatest economic expansion occur?
We just had it. And it is still expanding, setting new records with each passing month.
We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time.
The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set. Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.
The amount of wealth produced during this seven year period was stupendous - some $30 trillion worth of goods and services. Again, it was a world record. Never before had so much wealth been produced during a comparable period. According to a recent study, net asset values - including stocks, bonds and real estate - went up by more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.
There are other important measures. Steady economic growth. As we begin the decade of the 1990's, we are in our 86th straight month of economic growth - a new record for peacetime, five months longer than the wartime growth of World War II and only 23 months short of the wartime record set during the Vietnam War in the 1960's. Most experts now predict that it will last right through 1990, and perhaps beyond.
Income tax rates, interest rates and inflation.
Under President Reagan, top personal income tax rates were lowered dramatically, from 70 percent to 28 percent. This policy change was the prime force behind the record breaking economic expansion. Interest rates and inflation also fell sharply and, so far, have stayed comfortably low - a further indication of the power and pervasiveness of Mr. Reagan's economic policies. The stock market. Perhaps the key indicator of an economy's booms and busts is the stock market, the bottom line economic report card. And here the record has been striking. During the period from 1970 to 1982, the stock market barely moved. The Standard & Poor's index of 500 stocks inched up about 35 percent during that entire period. But starting in late 1982, just as Reaganomics began to work, the stock market took off like a giant skyrocket. Since then, the Standard & Poor's index has soared, reaching a record high of 360, almost triple what it was in 1982.
There were other consequences of the expansion. Annual Federal spending on public housing and welfare, and on Social Security, Medicare and health all increased by billions of dollars. The poverty rate has fallen steadily since 1983.
When you add up the record of the Reagan years, and the first year of President Bush - during which he has faithfully continued Mr. Reagan's economic policies - the conclusion is clear, inescapable and stunning. We have just witnessed America's Great Expansion.
The Reagan economic expansion was not perfect and we will never have one that is. The Federal budget deficits were too high and still are, too many Federal regulations lay unreformed and the trade deficit is worrisome.
In fact, the Reagan expansion may not have been the best economic expansion in history, for every economic expansion must be judged by many criteria. But if we look at the sheer size and immensity of it, at its scope and power, then it cannot be denied that it was the greatest.
The full impact of the powerful economic recovery that President Reagan launched during the 1980s is still unfolding.
Mr. Reagan's expansion provided the financial resources to allow the U.S. to build up the combat capability of its defense forces and to begin blazing the new trail for a protective missile system. This, in turn, convinced the Soviet rulers they could never defeat the U.S., and today the Soviet Union and the U.S. are busily engaged in nuclear disarmament as peace breaks out in country after country throughout the world.
Equally important, it proved beyond doubt to all (except perhaps for a handful of left-wing faculty members in our best universities) that capitalism is superior to Socialism and C*******m. Our economy is the guiding beacon for all those countries that are ripping apart the ruthless collectivist regimes that ruined the lives of their people for so long.
One thing the Marxists got right: Economics is a powerful determining factor of history. But Marxists never dreamed it would be the economics of Ronald Reagan and all those capitalists that would prevail in the end.
Oct 16, 2020 14:42:38 #
Lonewolf wrote:
A good topic, I haven't got the figures exactly but Boom Bust explained it very well on their latest show or shows, so China has gained a record Trade Balance surplus with the US but when you compare it to the 2018 figures the marginal adjustment is in Trump's Trade War favour, I think it's because US exports to China have also gained a pace, but the US is just consuming more Chinese manufactured goods than ever before.
Oct 16, 2020 14:58:41 #
RT friend wrote:
A good topic, I haven't got the figures exactly bu... (show quote)
For the folks that do not know what RT stands for. It's a Russian channel on cable. They have a lot of screaming c****es tell how bad America is.
Oct 16, 2020 15:39:11 #
Capt-jack wrote:
For the folks that do not know what RT stands for. It's a Russian channel on cable. They have a lot of screaming c****es tell how bad America is.
It also stands for Rodney Terence Loder that's my name, I actually used to call myself Terry that's why I'm Terry Loder on Quora, Russian politics is very convoluted in some respects good and others bad, for example Russia supports LNA in Libya that's bad very bad and yet Russia supports Assad in Syria that's good because the Muslim Brotherhood was bad but now has become good since Sisi took over Egypt that was good but then Sisi became bad, subsequently at the same time the Muslim Brotherhood became good learning from experience then as now closely related is Turkey who was bad but Gulen was worse, so Brother Erdogan survived and learned to be good, however he succumbed to badness again by supporting Azerbaijan, that not-withstanding I think Azerbaijan is learning to be good because their air arm keeps getting shot down, me I'm always good, no reason not to be.
Oct 17, 2020 10:29:18 #
Lonewolf wrote:
I checked it out, China has drop over 22% in its GNP. Do you think that's good? LOL
Like I have stated before Democrats have a very hard time when it comes to the Economy and managing money! All one needs to do is look at all the big broken cities run by them, they reason Nancy P is scheming
plan to get Trump to go for her 3 TRILLION bail out.
Oct 17, 2020 10:32:40 #
RT friend wrote:
It also stands for Rodney Terence Loder that's my ... (show quote)
Humm, interesting. I hope you are one of the good guys here!
Oct 17, 2020 16:55:53 #
Capt-jack wrote:
Humm, interesting. I hope you are one of the good guys here!
I think our Culture got knocked Up by a bad system based on the profit incentive, most people can see that problem and it's near impossible to argue to change something that has worked and brought about the US Century, ironically China is now not about to change because of the recent Chinese Half Century, really we should have that discussion on OPP because it is most relevant.
So that's not going to happen, I could engage in that conversation on Quora but my followers are more so not into politics, but in my mind that's what proves me to be a good guy, change is happening anyway, if Conservatives get it wrong it irretrievably goes in the wrong direction let's not forget that.
Oct 17, 2020 17:48:11 #
Lonewolf wrote:
Another blame Donald J. Trump for the Chinese v***s guy.
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