don't argue with the professor

I took money and banking in college, I have knowledge you don't

@DrPeper If the money continues to circulate, the government gets more total returns in taxes. Economies fail when money quits flowing.

... i know

if you have a trade deficit that means that the government has to cover that trade deficit somehow

but the whole point of conservative economics is that you let private business do the spending. So to do that you decrease taxes, and you decrease government speading

because you dont want debt

Does that cut in government spending include social programs?

typically does

Good. The leftists lazy fucks are sucking us hard working people dry.

the problem with trade defiicits is that it weakens the currency, to offset this it costs extra money

true, but the dollar is in a special place as the reserve currancy of the world so that helps offset it some

staying on the path of massivev trade deficits in the long run will ruin the US economy, its just a matter of time

Trump is the only president addressing this issue

👋

he's a business man, he knows when its a bad deal and US has had a bad deal for awhile now

paris climate accord, bad deal

NAFTA, bad deal

*looks how he went bankrupt 4 times*

Kevin is right. Trade deficits devalue the dollar.

i am not saying a trade deficit is good

i am just saying trump isnt going about it correctly

he's dealing with it in the only way he can, trying to get china to be more fair about it

yeah, by screwing literally everyone over

@DrPeper Trump declared bankruptcy because there was a loophole in the taxation system. He took advantage of it. Tbh, I would too, if I could.

if we have to switch to another source of cheap labor like india we will

@The Gwench i am not saying he is dump for taking advantage of loopholes. Just that i dont think going bankrupt 4 times is a good sign of your business skill

china will suffer more in a trade war than we will, bad idea to mess with the trumpmiester

you know where my vote is going in 2020

no other president has been as helpful as Trump

Heaven Sent!

But taking advantage of loopholes is good business @DrPeper

but the only reason he took advantage o the loopholes is because he failed at his intented goal, of making a profit

i rather have a good business then take advantage of bankrupacy loopholes

I think that him declaring bankruptsy 4 times is another democrat lie

I remember it twice at most

like most facts, democrats get it wrong

so kevin and gwench i take you dont like food stamps and the such

That’s the sign of a good businessman. Take advantage of the system...even if you have experienced failure. It’s not how you go down, but how you pick yourself up after failure

food stamps are neccessary to feed those who don't have money to feed themselves

the sign of a good businessman is a successful business