"Why has no third option been put forward? Simple answer - there is none. It is Option One or Option Two. Right now, it appears we are going to play out Option Two until the end game."
OMG!!! Run for the hills! This is worse than the asteroid. We are headed for the financial cliff. We are all going over, never to financially recover. What is it? Why it is the media fueled recession. Media fueled? Sure. If the economy had been this s**t hot under Obama, the media would have been fawning all over the economy. But because it has happened under the hated Trump, they are telling us we are going to hell in a hand basket.
Before I go any further, a bit of personal privilege please. I have been alive during more than one recession. I was alive during the very unique "stagflation". Why do I bring this up? For a long time, before the wizards of smart declared the economy to be in a "recession", it felt like a recession. However - in this economy, the economy feels nothing like a recession. That being said, I want to get to the meat of the meat in this article.
China. The newest economic bad guy in the world. For years, we have made a pact with the devil. We will give them tons of offshoring jobs. In return, we get stuff made cheaper. Sounded good, except for one minor thing. Trade deficit. Our annual trade deficit was enormous. About 1/2 trillion a year. Many have talked about this during the past few years - big problem, yet nobody did a thing. Until, that is - Donald Trump. He first asked the Chinese to (in good faith) hammer out a new trade agreement which was fair to both parties. That did not go well.
From China's perspective, why bother to make a new deal? They are making money hand over fist with the current one. So they stalled, reneged, and pulled every other trick in the book. All tricks which Trump the negotiator has seen a zillion times before. So, Trump pulled out this last card. Tariffs. And thus the trade war.
One thing which the Lefties and the media have not done as yet, is give us a third option. Third option? Option One - status quo. Go back to gargantuan trade deficits with China. Option Two - play the trade war out. This trade war is hurting everyone. Trump knew that going in. He feels that our economy is so strong, we can withstand some incoming from this war. China will blink first. Meanwhile, the media is going crazy. Blaming Trump for the upcoming "recession".
Why has no third option been put forward? Simple answer - there is none. It is Option One or Option Two. Right now, it appears we are going to play out Option Two until the end game. That is fine with me. China are not fair arbiters. They are crooks. They steal IP with great abandon. They are like a naughty child who needs to be spanked. And Donald Trump is now spanking them. Too bad he has to do it by himself.
If we get a new trade agreement out of this trade war, this will all have been with it - and then some. Of course, the lap dog media will still blame Trump for something. Maybe climate change again. Or lack of reparations. They will think of something. They always do.
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