New study claims 20 times more jobs created than lost with Trump tarrifs

[RVonse]

Thanks for sharing funinspace. Although it isnt good for Trump it is still good data and I am glad you shared it. At my employment (US Steel) orders are still way up and the management has been making a lot of capital improvement to both plant and equipment. We are still mandatory overtime due to lack of skilled people to be hired. Yet their stock on Wall Street is not doing so great.

Now we know that Trump probably wont get impeached but with the economy starting to suck wind he also may not succeed to a 2nd term.

To be fair about the trade deficit its still way early to tell. Even taking away the China deal which hasnt even happened, its far too early to see the effects of the redrawn NAFTA.

 

[Jolly_Penguin]

Why do Americans so often credit or blame their President for the performance of their economy? Does the president actually influence it that much?

 

[blastula]

The new NAFTA hasn't been ratified.

 

[RVonse]

Why do Americans so often credit or blame their President for the performance of their economy? Does the president actually influence it that much?

Good point.

We really shouldn’t and you are right. But in Trump's case he has almost shot himself in the foot by bragging so much that the public has expectations now.

 

[funinspace]

Why do Americans so often credit or blame their President for the performance of their economy? Does the president actually influence it that much?

The cheeky answer: For some of the same reasons almost 63 million people voted for Don the Con.

Americans (especially the swing ones and ones who only vote some of the time) seem to largely vote based upon their perception of the state of the economy and on the charismatic attraction of the candidates. If they perceive that the economy is doing poorly, they will vote for the party that is not in power at the White House.

IMO Presidents have some power to damage the economy, but not too much power to improve it. Now a major piece of legislation can tweak things. Certainly, the large increased military spending and big tax cuts have provided at least a short term boast to the GDP, but at what cost. Just how high will our deficits go when we hit the next recession with us already heading back to trillion dollar deficits? $1.5 trillion? Saying Repugs 'spend like drunken sailors' would be an insult to drunken sailors.

 

[funinspace]

The new NAFTA hasn't been ratified.

And...even if approved...Don the Con is selling lots of BS as perfume.
https://www.politico.com/story/2019/03/25/analysis-new-nafta-1235225

Laura Baughman, president of Trade Partnership Worldwide, a Washington-based analytical firm with more than 25 years of experience in crunching data to forecast the effects of trade agreements and other policy actions, predicted the deal will improve the U.S. gross domestic product by about 0.1 percent.
<snip>
Two other trade experts who have been examining the deal also said the U.S. International Trade Commission report is likely to show an extremely slight gain in the GDP, and both said a negative impact was possible.

 

[dismal]

When the government starts monkeying around with markets to influence prices GDP numbers themselves are suspect.

But it seems very plausible that the effects of Trumps tariffs on the overall economy are slight as a relatively small portion of the economy is affected, and the effects are mixed.