Snoslinger Posted May 1, 2017 Share Posted May 1, 2017 Donald Trump already has a tenuous relationship with the truth, but he may have just outdone himself by doubling down on his mistaken claims about China’s currency intervention. Throughout the heated 2016 presidential campaign, Trump vowed to label China a currency manipulator "on Day One," saying they were "killing" Americans on trade by keeping the yuan artificially low and boosting exports. There was just one problem. Economists, including those once vocal about China’s currency intervention, almost unanimously noted the country had stopped trying to depress the yuan in 2014. In fact, sharp capital outflows during a stock market selloff in 2015 actually forced the authorities to meddle in the other direction, by propping up the exchange rate. Fast forward to Trump’s rise to power. Not only has he not labeled China a currency manipulator, he has suddenly developed a kinship with Chinese President Xi Jinping. This budding relationship happens to coincide with lucrative trademark approvals for the Trump brand in China, both for the president himself and his daughter Ivanka. On Day 101 of his administration, when he was pressed during an interview with CBS’ Face the Nation on why he hadn't followed through on his promise of labeling China a currency manipulator, Trump did something staggering. He claimed credit for having stopped the manipulation since he took office — even though that currency manipulation hasn't happened since before he even entered the presidential race. "When they talk about currency manipulation, and I did say I would call China, if they were, a currency manipulator, early in my tenure," Trump said. "And then I get there. Number one, they — as soon as I got elected, they stopped. They're not — it's not going down anymore, their currency." The reporter rightly corrected Trump, saying, "But that had been true before. That had been true ... during the campaign, sir." Nevertheless, he persisted. "No, not true to the extent that we're talking about," Trump replied. "Much more important than that, as to when, but, you know, it did stop. And I was talking about it all during the campaign." He added: "And I would say that I was the one that got them to stop." https://www.yahoo.com/finance/news/trump-just-made-most-appalling-185102206.html Quote Link to comment Share on other sites More sharing options...
Anler Posted May 1, 2017 Share Posted May 1, 2017 Trump should be careful he doesnt break his own arm from patting himself on the back so much... Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted May 1, 2017 Gold Member Share Posted May 1, 2017 7 minutes ago, Anler said: Trump should be careful he doesnt break his own arm from patting himself on the back so much... Thats all realtors know how to do! Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 1, 2017 Share Posted May 1, 2017 2 hours ago, Anler said: Trump should be careful he doesnt break his own arm from patting himself on the back so much... he can't help but being tremendous at everything 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 1, 2017 Share Posted May 1, 2017 Didn't read most of it but, why didn't Obama take credit then? And seems the Don has established a nice line of communications with China. Why couldn't Obama had done that? I know why...they thought he was a putz...and pretty much said so. Or did they call him a "...petulant child". I cannot remember. Just sayin'. Things that make you go "Hmmmmm..." Oh...but wait. I know what I'm about the see. "Obama had a GREEEEAAAAT relationship with China!" Quote Link to comment Share on other sites More sharing options...
Momorider Posted May 1, 2017 Share Posted May 1, 2017 1 hour ago, Zambroski said: Didn't read most of it but, why didn't Obama take credit then? And seems the Don has established a nice line of communications with China. Why couldn't Obama had done that? I know why...they thought he was a putz...and pretty much said so. Or did they call him a "...petulant child". I cannot remember. Just sayin'. Things that make you go "Hmmmmm..." Oh...but wait. I know what I'm about the see. "Obama had a GREEEEAAAAT relationship with China!" these clowns have lost their collective fucking minds, Trump has already improved the relationship with half the fucking world compared to that fuck up Barry Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 1, 2017 Share Posted May 1, 2017 8 minutes ago, Momorider said: these clowns have lost their collective fucking minds, Trump has already improved the relationship with half the fucking world compared to that fuck up Barry name one nation beyond China where we have a better relationship with Trump than Obama. Quote Link to comment Share on other sites More sharing options...
Momorider Posted May 1, 2017 Share Posted May 1, 2017 4 minutes ago, Angry ginger said: name one nation beyond China where we have a better relationship with Trump than Obama. Japan Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted May 1, 2017 Share Posted May 1, 2017 Korea. I was just there. The average guy on the street likes Donald. Quote Link to comment Share on other sites More sharing options...
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