Donald Trump has touched off a trade war with China which most economists agree will wind up being very bad for the American economy. Jobs will be lost and prices will rise in the U.S., and that could lead to a recession.
But to hear Trump tell it, there’s no way we can lose such a battle:
When you’re already $500 Billion DOWN, you can’t lose!
— Donald J. Trump (@realDonaldTrump) April 4, 2018
While that may sound good on the surface, like nearly everything Trump does or says, it’s just flat-out wrong. It’s factually incorrect and fails to take into consideration other economic variables. That shouldn’t surprise any of us when you consider that various businesses owned by Trump have gone bankrupt on multiple occasions. This is a man, keep in mind, that lost money on casinos! Casinos are designed to make money for the people who own them, but this douche weasel lost his ass on casinos.
Trump got a good dose of mockery on social media, and many reminded him of just how terrible he is when it comes to what he loves to call “the art of the deal”:
Yeah, we get it, the only thing you don’t fail at is going bankrupt
— Kitten with a whip. (@LeslieSimone_) April 4, 2018
Trump shirts made in China, Trump eyeglasses are made in China, Trump mirrors, ceramic vases, wall decorations, kitchen items, lighting fixtures,Trump pens, Shampoo, body wash, moisturizers, shower caps, laundry bags, show bags, pet collars, pet leashes, bath towels MADE IN CHINA
— Neophyte Twit (@makk1123) April 4, 2018
$375.2 Billion trade deficit
You…Are…Lying…Again. There is no $500 Billion dollar trade deficit. And the trade deficit has grown since you’ve been in office.https://t.co/VXomtOrHFF
— Hcc (@ClatisC) April 4, 2018
Spoken like a guy that has no understanding of #MathAndScience, the value of money and several bankruptcies.??
I hope you #MAGA voters understand 45’s statement. He essentially saying there is no limit to how much pain he is willing to put you through. Let that sink in.
— The Hon. sephius1999 (@sephius1999) April 4, 2018
Of course you can lose, you simpleton. Also, farmers, auto workers construction workers, oil industry workers, as will companies like Boeing, Caterpillar, Whirlpool, General Electric and the list goes on and on. Your stupidity and pettiness are ruining American business. #Impeach
— John Gee (@nevrmyprez) April 4, 2018
Here’s a prediction based on what we’ve seen from Trump so far when it comes to the economy: This time a year from now, we will be in the middle of a major recession. And the person to thank for that is none other than Donald J. Trump.
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