CAN-US reach deal on NAFTA

[party-free]

@Cratic3947

Ridiculous… Fake news…

No, it’s definitely real news.

[Cratic3947]

@party-free

@Cratic3947

Ridiculous… Fake news…

Bring in less money+spend more money=higher debts and deficits. That’s how Trump’s presidency has gone right now. Bring in less and spend more. So our financial obligations, and our ability to pay for them, are getting out of control.

Except the tax revenues are barely down… And deficits have been predicted to rise at this time for decades. Because of baby boomers… Predicted for decades…

[Cratic3947]

@party-free

@Cratic3947

Except the tax revenues are barely down… And deficits have been predicted to rise at this time for decades. Because of baby boomers… Predicted for decades…

Except boomers were already retiring in large numbers under Obama, and deficits were shrinking. Oops.

Predicted for decades… as the rate of boomer retirement increases.

[party-free]

@party-free

Except boomers were already retiring in large numbers under Obama, and deficits were shrinking.

You forgot to read the post to which you were responding.

[Cratic3947]

@party-free

@party-free

Except boomers were already retiring in large numbers under Obama, and deficits were shrinking.

You forgot to read the post to which you were responding.

See there is this rate thing and the cumulative effect of having more and more boomers retire… Geez, obviously.

[Cratic3947]

@party-free

@Cratic3947

You can’t call disagreement on facts a lie… then there would be no debates…

You used the word “liar” and insinuated I was a liar. I mean, you can go back and edit, but I’ve quoted it so it’s there for all to see.

I said party hacks lie about SS and medicare deficits. Are you one?

[koushi_shinigami]

@Cratic3947

Wasn’t that long, he’s only been pres for less than two years… Now, if our trade deficit lowers with Mexico, they paid for the wall… Ha ha!

If wages go up in Mexico there will be less need for a wall.

[Cratic3947]

@party-free

@Cratic3947

See there is this rate thing and the cumulative effect of having more and more boomers retire… Geez, obviously.

And that number went up under Obama, yet deficits were still lower than they had been.

And here comes Trump spending spending spending, and cutting income-what did you expect would happen with a spend-happy president who wanted our economy to take a pay cut and not pay our obligations?

Because more and more keep retiring as predicted for decades…

Say it… "Predicted for decades…lol!

[Cratic3947]

@party-free

@Cratic3947

Because more and more keep retiring as predicted for decades…

Say it… "Predicted for decades…lol!

Say it. “Reduced income while increasing spending.” That’s what Trump did. We’d have lower deficits and debt if Trump would stop spending other peoples’ money like it’s other peoples’ money, and if he quit reducing the money coming in to pay those bills.

What percent of total income had been reduced? How much has the deficit increased?

[Cratic3947]

@CanadianJudo

look like the deal has finally be reached between the two countries after a long uphill negotiations.

After more than a year of fractious negotiations, Canada and the U.S. have reached a tentative new North American Free Trade Agreement, a senior source told CBC News.

Prime Minister Justin Trudeau convened a late-night meeting of cabinet to brief ministers on the NAFTA progress, only hours before a U.S.-imposed midnight deadline.

Leaving the meeting about an hour and 15 minutes after it began, Trudeau said only that it was “a good day for Canada” and that he’d have more to say to reporters on Monday.

Canada, U.S. have reached a NAFTA deal — now called the USMCA | CBC News

Trump is Cool…

[SentientBeing]

I’m hearing the Trump administration copy and pasted the TPP stipulations onto this new deal and just re-named it lol.

[party-free]

@Cratic3947

Trump is Cool…

TPP is cool, because that’s basically what this is.

[BigBear]

@CanadianJudo

Also lost the battle on chapter 19 which was one of the biggest issues America had with the agreement because it overrule American court in dispute making all trade dispute governed by a third party.

Yes, I heard that today as I was driving around.

I listened to Trump’s announcement, most of it. The sheer volume and weight of his bull ■■■■ was staggering. 100’s of cubic meters, untold metric tonnage.

[BigBear]

@Physics_Hunter

If this is truly a more fair NAFTA it will be a sharp stick in the eye of the globalists.

Trump said it’s a huge improvement, a massive win for the US, a new dawn for the US auto industry. What’s not to like? As a globalist, whatever that is exactly, I’m shattered. Time for me to wave the white flag, you non-globalists have clearly gained the upper hand.

[Konssurvative1]

In doing so…doesn’t this ■■■■ the american dairy farmer…in places like Oh…Wisconsin where they voted for Trump? I am not hugely educated on the economics of the dairy industry…but it seems if we can get milk and other dairy from Canada…doesn’t that hurt the American dairy farmer. And where our cheese comes in wheels…doesn’t Canadian cheese come in pucks?

[BigBear]

@Konssurvative1

In doing so…doesn’t this ■■■■ the american dairy farmer…in places like Oh…Wisconsin where they voted for Trump? I am not hugely educated on the economics of the dairy industry…but it seems if we can get milk and other dairy from Canada…doesn’t that hurt the American dairy farmer. And where our cheese comes in wheels…doesn’t Canadian cheese come in pucks?

Yeah, all good questions, and I haven’t read any info about what this deal entails; don’t know if the texts of the agreements are even available yet. I’ll be listening tomorrow to the reactions of affected parties.

In general the take is that much of the new agreements about intellectual property were negotiated by the Obama admin as part of the TPP negotiations. The agreements about car manufacturing parts containment are small tweaks (like 65% to 75%). I heard, and It was pointed out by CanadianJudo, that the CHAPTER 19 portion of NAFTA, which was supposedly a sticking point for the US, was not changed significantly, a huge concession by the US (Trump).

We’ll see what happens, as Trump loves to say.

[Physics_Hunter]

That is an almost fact-free article.

Patience is a virtue.

[BigBear]

@Physics_Hunter

That is an almost fact-free article.

Patience is a virtue.

Perhaps fact-free, unless you actually read it. E.g.:

That suggests an emerging playbook for the Trump administration’s trade agreements. As with the revised U.S.-South Korea deal announced last week, the achievement is declared to be historic while the changes made are cosmetic. That dynamic bodes rather well for the U.S.-Japan bilateral talks announced last week, not to mention the simmering trade war with China. For the globalists so often bashed in Trump-era rhetoric — and this columnist would count himself among them — that’s good news.

Consider the agreement on dairy. The milk variety that Canada has agreed to discontinue — known as Class 7 milk — has been in existence for barely 18 months, and its opponents include not just U.S. trade negotiators but also Saputo Inc., one of Canada’s largest processors.

More to the point, milk products comprise an almost infinitesimal share of the trade relationship between the two countries, accounting for about $364 million, or 0.06 percent, of each-way flows. Peat, pasta, polystyrene, paper and prefabricated buildings all account for a greater value of U.S. imports than Canada’s entire dairy industry, and it’s a similar picture in the opposite direction.
…

There’s more in there, if you’re interested.

[TheDoctorIsIn]

@Cratic3947

Now, if our trade deficit lowers with Mexico, they paid for the wall… Ha ha!

This post pretty much sums up Trumpian Economics.

“Argle bargle bargle! HA HA HA HA HA HA!”

[STODR]

I see the Lib talking points have been established. This is TPP, Obama gets credit. They just can’t stand he got done what he said he would.