Discussion: US Trade Deficit Rising To $56.6 Billion Is Highest Level Since October 2008

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When will all this winning stop?

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I have a big brain! I’m a stable genius! I know more than the experts!

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@imkmu3 “I have a big brain! I’m a stable genius! I know more than the experts!”

And don’t forget…I’m really, really rich!

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Trade policies not working. And really need a distraction from other things. Let’s try a trade war. Simple. Good. Easy to win. Just ask my top economic advisor, Director of National Economic Council Gary Cohn. Wait. Where’d he go?

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Wasn’t 2008 the year we swapped out the last stable genius who tanked the economy?

So basically he’s now run a monthly Trade Deficit that is worse than any of the 96 Deficits under Obama.

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And of course all the Trump businesses manufacturing outside the USA help contribute to the deficit in spite of the lack of Trump popularity.

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And the next tweet will blame this on Obama.

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Winning!

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Uhhh gee Professor…this whole Presidentin’ thing is harder than I thought…

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“He blames persistent deficits on abusive practices by U.S. trading partners and on bad trade deals that put American companies at a disadvantage or encourage them to move factories overseas.”

you know what else puts the US’s companies at a disadvantage, the shit health care system we have, all other industrialized countries have universal health, so not a factor for their companies to have to deal with, we get profit-based health care, the others get health care

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Most economists say they are caused by bigger economic forces, mainly the fact that the United States consistently spends more than it produces.

Read this and thought: “I hope this is by AP, and not one of TPM’s writers.”

It was AP. TPM is blameless. It is the AP writer who is trying to use a slightly disguised definition of a trade deficit as an explanation for a trade deficit.

This is like reading a math text that says: Most mathematicians say that squares are caused by arithmetical operations, mainly the multiplication of a number by itself.