Trump Slams China For Unfair Trade But Praises XI, Blames Predecessors; Unveils $250BN In Deals

Tyler Durden's picture

President Trump held a press conference with one of the most powerful people in the world and the event was...  underwhelming. It didn’t last long, the two stood fairly far apart at their lecterns and afterwards ignored questions from reporters (presumably in case one asked Xi about press freedoms again). In brief, we were informed about improving Sino-US relations, progress being made on the trade balance and co-operation on the North Korean issue and both leaders said it was a great success. On another sensitive subject, Xi’s asserted that the Pacific Ocean is big enough for both countries.

Here is how the press conference was characterised by the South China Morning Post (SCMP).

Trade and North Korea predictably topped the bill, but they also discussed security cooperation and the relationship between their citizens. The joint press conference lasted less than 15 minutes, with both leaders staying on-script to speak about further cooperation on a range of bilateral issues, from security on the Korean peninsula to Sino-US trade tensions. Both heralded the trip as a success. The joint press conference ends, with both leaders ignoring shouted questions from reporters. Journalists were told ahead of the conference that they would not be allowed to ask questions, after a New York Times reporter embarrassed Xi during Barack Obama’s 2014 visit with a question about press freedom in China.

In one of the more memorable statements by Trump, the US President said China is taking advantage of American workers and American companies with unfair trade practices, but he blamed his predecessors in the White House rather than China for allowing the massive U.S. trade deficit to grow.

“Right now, unfortunately, it is a very one-sided and unfair [relationship]. But – but – I don’t blame China. After all, who can blame a country for taking advantage of another country for the benefit of its own citizens? I give China great credit. But in actuality I do blame past administrations for allowing this out of control trade deficit to take place and to grow. We have to fix this because it just doesn’t work … it is just not sustainable.”

Speaking alongside President Xi Jinping on Thursday at a briefing in Beijing, Trump’s words were in contrast to what he said was a "very good chemistry" between the two leaders as they announced $250 billion in investment deals, many of which came in the form of tentative agreements

Below are some of the “key” moments from SCMPs live feed during this underwhelming press conference.

  • Xi says Trump’s China trip is a success, and China is willing to further promote the development of Sino-US relations
  • Xi said it is necessary to have continued in-depth of discussion on trade and lessen restrictions on the investment environment.
  • Xi says the two also discussed the need to strengthen United Nations peacekeeping operations, as well as joint counter-terrorism efforts in places such as the Middle East and Afghanistan.
  • Xi tells the press conference he has told Trump that The Pacific Ocean is big enough to accommodate both China and the United States.
  • Xi says he explained the outcome of the recently concluded Communist Party congress to Trump.
  • Trump thanks Xi for the welcoming ceremony this morning, describing the Forbidden City as “majestic.”
  • “Your people are also very proud of you,” Trump said, as he congratulates Xi for the “successful” 19th party congress last month.
  • Trump said he looks forward to building an “even stronger relationship” between China and the US, as well as further exchanges between the people of their nations.
  • Trump said the two discussed bilateral trade issues such as forced technology transfers, market access, and the “chronic imbalance” in trade.
  • On North Korea, Trump says China has agreed to step up economic pressure until the Kim regime gives up its nuclear ambitions.

The subject of North Korea had seen Trump at his most firm with his Chinese hosts earlier in the day, as The Guardian reports.

“But time is quickly running out. We must act fast, and hopefully China will act faster and more effectively on this problem than anyone…China can fix this problem easily and quickly and I am calling on China and your great president to hopefully work on it very hard. I know one thing about your president: if he works on it hard it will happen. There is no doubt about it.”

The main focus, however, was always going to be the trade issue. What surprised us was Trump’s about turn on blaming China for the trade deficit, to blaming previous governments in his own country. Perhaps he was simply overwhelmed by the (apparent) warmth of the welcome he received from Xi and the rest of the Chinese leadership.

Excuse our cynicism, but we suspect that the Chinese appreciated that Trump would need something to “show” (or tweet) on the trade issue…and that’s what he was given. The highlight of Trump’s visit to Beijing, which is grabbing the headlines, is obviously the $253 billion of trade deals (see below) which were signed during Trump’s visit. With Trump having spent the best part of two years, before and after his election, lambasting China for the trade deficit, Xi played “Mr Nice Guy” on trade. Indeed, this is precisely what we expected, see our preview of Trump’s visit “Will Xi Offer Trump A Small Victory On Trade As Cover For His Longer-Term Ambitions” here.  However, as the BBC noted.

They also announced the signing of $250bn (£190bn) worth of business deals during Mr Trump's visit, although it is unclear how much of that figure is past deals being re-announced or simply the potential for future deals.

Bloomberg was equally sceptical.

The White House has unveiled a slew of agreements with China as President Donald Trump seeks to address an imbalance in trade. While Commerce Secretary Wilbur Ross boasted a total of $250 billion in business deals, it’s unclear how one gets to that figure. Many of them weren’t broken out into separate valuations, while a large number were in the form of nonbinding memoranda of understanding or involved agreements with existing Chinese partners.

As we noted in our preview and still stand by.

…our suspicion is that Xi’s plan is to offer a “victory” to Trump with regard to reducing the trade gap, but only a small one. Meanwhile, China will continue with its longer-term “Mackinder-esque” plan to integrate the Eurasian continent via its “One Belt, One Road Plan” and undermine the dollar by accumulating gold and steadily increasing non-dollar trade. If it wasn’t for the small matter of China’s horrendous credit bubble, the US would have an even weaker hand.

Below Bloomberg looks into the $253 billion of trade deals and tries to make sense of the winners and losers.

The White House has unveiled a slew of agreements with China as President Donald Trump seeks to address an imbalance in trade. While Commerce Secretary Wilbur Ross boasted a total of $250 billion in business deals, getting to that figure may require some fuzzy math. Many of the deals weren’t broken out into separate valuations, while a large number were in the form of non-binding memoranda of understanding or involved agreements with existing Chinese partners.

 

Boeing Co.’s $37 billion aircraft order consists mostly of previously agreed deals, according to officials with knowledge of the matter. An agreement involving Cheniere Energy Inc. was presented at the signing ceremony as worth $11 billion, though neither company involved announced the value. Other pacts are stretched over lengthy periods, such as a 20-year shale gas and chemical project in West Virginia.

Still, the wave of deals signals the potential for an easing of tensions between the two countries, in addition to an increase in trade for products ranging from helicopters to beef. Here are highlights of what’s been disclosed so far:

  • Energy

Alaska Gasline Development Corp.: a joint agreement to advance a liquefied natural gas project in Alaska, involving the state of Alaska, Sinopec, China Investment Corp. and Bank of China Ltd. The project has been in discussion for years, and Alaska Gasline applied for federal approval for the development in April. Exxon Mobil Corp., ConocoPhillips, BP Plc and TransCanada Corp. have been involved in the effort, but have distanced themselves since estimating in 2012 that it would cost as much as $65 billion and take more than a decade to construct.

Air Products & Chemicals Inc.: the industrial gases company and state-owned Yankuang Group Co. intend to form a joint venture to build and operate an air separation, gasification and syngas clean-up system for a $3.5 billion coal-to-syngas production facility. Air Products is currently a supplier to the first phase of the project. Earlier this year, Air Products scrapped its plan to acquire China’s Yingde Gases Group Co. after a private-equity firm swooped in.

  • Transportation

Boeing: China Aviation Supplies Holding Co. agreed to buy 300 aircraft worth about $37 billion before discounts that are customary in the industry for large orders. Boeing didn’t disclose how many are new orders. The state has previously placed large orders through a centralized buyer before dividing them up among its airlines and leasing companies. Chinese airlines have been on a plane-buying spree amid a projection for the country to overtake the U.S. as the largest air-travel market possibly in as soon as in five years.

General Electric Co.: Juneyao Airlines ordered GEnx engines for its Boeing 787 fleet and ICBC Leasing ordered LEAP-1B engines for Boeing 737 MAX aircraft. The list prices for the two deals totaled $2.5 billion. GE also said it signed a cooperation agreement with China Datang Group to provide the Chinese company with gas turbines and other products and services.

Honeywell International Inc.: contract with Spring Airlines Co., the Chinese budget carrier that flies over 130 routes with a fleet of Airbus A320 planes. The U.S. company is a supplier for the C919, a new single-aisle plane being produced by state-owned Commercial Aircraft Corp. of China Ltd.

Bell Helicopter: the subsidiary of Textron Inc. signed an agreement to sell 50 of its helicopters to Reignwood International Investment Group Co. The company had already ordered 60 choppers, according to Bell Helicopter.

Ford Motor Co.: Ford gave financial details of an electric-vehicle alliance with China’s Anhui Zotye Automobile Co. that was first announced in August. The companies will invest 5 billion yuan ($754 million) to develop the cars they’ll sell under a new brand unique to the Chinese market. Ford has said at least 70 percent of its own Ford-brand vehicles sold in China will offer electric or hybrid propulsion by 2025.

  • Agriculture

Beef and Pork: JD.com Inc. agreed to buy $1.2 billion of beef from the Montana Stock Growers Association and pork from Smithfield Foods Inc. over the next three years, as part of a deal by the Chinese online retailer to import $2 billion of U.S. goods over that period.

The beef portion, about $200 million, would signal a big increase in the appetite for red meat among Chinese consumers, as shipments remain low due to the limited supply that meets requirements. According to China’s Customs General Administration, the country imported 2.3 billion yuan of beef last year.

The pork deal may not be much help creating jobs at Smithfield’s U.S. factories: The company can’t sell made-in-America sausage, ham and bacon to Chinese consumers because China prohibits imports of processed meat, CEO Kenneth Sullivan said in an interview in March. Smithfield parent WH Group opened an 800 million-yuan factory in central China in 2015 to produce American-style packaged meat products.

Archer-Daniels-Midland Co.: memorandum of understanding with state-owned COFCO Group for the export of U.S. soybeans into China.

  • Financial

Goldman Sachs Group Inc.: China’s sovereign wealth fund and Goldman Sachs announced a fund to help invest as much as $5 billion in American companies that have existing or potential business connections with China. State-backed China Investment Corp.’s role in the fund could complicate investments in American companies, after the Trump administration in September rejected a China-led takeover of a U.S. chipmaker on national-security grounds. Moreover, Goldman Sachs may only be able to contribute 3 percent of the fund because of U.S. rules regarding banks’ private-equity investments.

  • Technology

Qualcomm Inc.: non-binding MOUs with Chinese smartphone vendors Xiaomi, Oppo and Vivo - all of them current customers - to sell approximately $12 billion in semiconductors over three years. The San Diego-based chip company’s China sales of $14.6 billion accounted for 65 percent of its revenue for the fiscal year ended Sept. 24.

  • Industrial

DowDuPont Inc.: memorandum of understanding between Dow Chemical and Beijing Mobike Technology Co. to cooperate on developing lighter-weight and more environmentally friendly bicycles. The two companies began working together last year, the official China Daily reported Tuesday.

Caterpillar Inc.: cooperative framework agreement with newly formed China Energy Investment Corp. -- a combination of Shenhua Group Corp., the nation’s largest coal miner, and China Guodian Corp., one of its top-five power generators. The pact “outlines future agreements” for sales and rentals of Caterpillar mining equipment and other products and services, the U.S. company said in a statement. Honeywell International: an MOU with Oriental Energy Co. to cooperate on five propane dehydrogenation projects in Chinese cities. Honeywell announced in May that two Oriental Energy subsidiaries had licensed its technology to begin producing propylene.

 

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NickPeeMe's picture

Somebody lend this trump asshole a Kleenex to wipe the Jizz off his face this is embarrassing.

Dame Ednas Possum's picture

“Administrations”

Plural.

It includes those team red fucktards who are actually team flaming Satanic charred black.

And btw... Trump knows that the jig is up. His actions speak louder than his words. It just might get him through to the end of his first term alive.

BKbroiler's picture

"After all, who can blame a country for taking advantage of another country for the benefit of its own citizens? I give China great credit."

 

Legendary

Five Star's picture

The US trade deficit with China is bigger than with every other country in the world combined

http://thesoundingline.com/us-trade-deficit/

Laowei Gweilo's picture

a little bit of respect goes a long way...

President Xi just showed President Trump more respect, and a bigger welcome, than any other modern foreign leader

Obama wasn't even given a staircase to walk out of Airforce One -- he had to climb out the butt of the jet

think about that

also think about that CNN showed Obama live ... and Trump's visit wasn't Live (guess who they were talking about; it rhymes with Prussia)

 

in return, for a President than Western media seems convinced will start WW3 -- despite being responsible for 4x fewer deaths than an average of Bush and Obama year

in contrast, Trump just -- between his granddaughter singing or a simple word's like 'I don't blame; you did what any leader would do -- showed more 'soft power to China than entire Bush of Obama adminstrations

 

this is why Trump is bullish world peace and Clinton was hawkish world war -- cuz Trump truly wants to make the US mind its own business, and just have good fair trade deals, while Clinton would be over there sticking her hawkish nose in other people's business and telling then how to run their country. 

 

the Chinese social media response to Trump's visit has been very very pro-US ... by far the most pro-US sentiment I've seen from China, well, since there ever was social media in China.

Crazy Or Not's picture

Obama had to exit the bunghole of AirForce1 ... cos China knew who blew up their port (12 August 2015) after they agreed increased oil imports with Iran & Venezuela...

( China imported 2.76 million tonnes of Iranian Oil in June 2015, or 671,800 barrels per day (bpd), up 29% from May and 26.5% up from 2014).

Endgame Napoleon's picture

It was American companies that took advantage of the cheap, rock-bottom wages in China—which were lower even than the wages of Mexican workers—enriching themselves and leaving the American middle class in the dust. American investors helped to build up China’s middle class (and military).

Starting with Bill Clinton's Administration, American businesses were given backing by the Globalist Uniparty that runs the US government. Trump is right that US politicians helped; they gave China enhanced trading status during the Clinton Administration.

Back in the Nineties as a young person, I watched the entire televised floor debate and the vote on Most Favored trading status for China. Hardly any Swampians on either side of the money-motivated Uniparty opposed shipping the US middle class to China. It was too lucrative for Swampians and their campaign donors.

Uniparty leaders see it as their duty to beef up China’s economy and war machine, just like they feel an obligation to bolster the Mexican economy and economies all over Asia that have even cheaper labor than China’s. One Road, indeed, and the road includes few decent, bill-covering jobs for American workers. That may as well be the plan of the Uniparty, too. Like every other greedy thing in this world, it is all done for children.

Déjà view's picture

Begin with removing Chicom from MFN status...

Oldwood's picture

And WE the consumers who BOUGHT all of these imports while completely ignoring the Carnage done to their friends and neighbors, had NOTHING to do with it.

DAMN THOSE BUSINESS AND POLITICIANS.

Trump tells us it is our government's fault that allowed a smart and industrious China to pillage us. Our government says it is our businesses fault. Business says they were just smart seeing the opportunity that we consumers provided by we implicitly telling them we DID NOT CARE where our shit came from, only how cheap, how cool, how awesome we thought it was. 95 million retired from the workforce and record trade deficits, record private debt, pretty much tells us all we need to know.

WE DONT GIVE A FUCK IF WE HAVE JOBS, ONLY HOW CHEAP AND CONVENIENT OUR NEEDS ARE MET. 

TOMORROW? WHO GIVES A FUCK? RIGHT?

Justin Case's picture

rock-bottom wages in China and the largest consumer market in the world.

Two examples:

China has overtaken the US to become the biggest car market in the world as government policy initiatives spur demand.

China sold more than 13.5m vehicles last year, the official Xinhua news agency said today, compared with 10.4m cars and light trucks sold in the US, the lowest level in 27 years.

The Chinese tally includes heavy vehicles but is still higher than that of the US after roughly 650,000 units of heavy trucks are deducted, according to Orient Securities, the Chinese brokerage.

China's market grew by 45% year-on-year in 2009, providing a rare glimmer of hope for the world's beleaguered car manufacturers, such as General Motors, Volkswagen and Toyota. Total industry sales fell 21% in the formerly dominant US market, and Volkswagen has said that China is now its biggest market.

Apple’s attention to China was beginning to have a major impact on the company’s earnings. In 2009, the entire Asia Pacific region brought in just $3.18 billion. The following year, annual revenue jumped to $8.26 billon, and in 2011, Asia Pacific revenue reached $22.5 billion—a more than 600 percent increase in two years. And by the fourth quarter of 2011, roughly 70 percent of that revenue was coming from China.

Over those two explosive years, China grew from 2 percent to 12 percent of Apple’s total earnings, as Chinese customers got caught up in the Apple craze.

Corporations moved to make their products where the biggest consumer markets are.

Xena fobe's picture

Only true for a few niche market luxury or novelty items. 

Justin Case's picture

niche market is worth millions with a population 3 times the size of merican.

There are hundreds of merican corporations operating in China. Why you ask? The market is three times the size of merican, India is next door and is also moar than 2 times merican market. Then there is the rest of Asia. Why build in merica and ship over seas? Move the factory to where the biggest markets are and ship to the smaller market, merica. Wages, taxes and red tape are incentives as well.

curbjob's picture

... that was just some 100 year old egg* on his face.

 

* a Chinese delicacy  https://en.m.wikipedia.org/wiki/Century_egg

overmedicatedundersexed's picture

soros bot, foul as the monsters you serve.

Oldwood's picture

The massive trade deficits have many villians, the American people being principle.

It is WE who have bought all this Chinese crap and it is people like YOU who spend all their time blaming others.

Oldwood's picture

You can down vote but find it difficult to argue, no?

Xena fobe's picture

it's our fault global monopolies outsourced manufacturing to China? Sure it is. 

Endgame Napoleon's picture

Chinese and other foreign imports are the only items in many stores, and as the American middle class declined, with all of the major household bills in life, like rent, skyrocketing out of each for many Americans, it is not like most Americans had a choice.

Even at the higher end of retail, a huge number of the finished goods or the components for those goods are made in China. I know from a lot of personal experience in sales that many affluent Americans seek out bargains as well, even though dual, high-earner, working parents have never been more affluent due to a concentration of high-paying jobs in fewer households via assortative mating. But it is not like there is always a choice in the stores there, either. The price tags are just higher, and the design is better at the higher end.

The savings on minor, Made-in-China items, like cheap plastic toys and kids’ clothes at stores like Wal*Mart, benefit mostly the same crowd that does not have to worry about major bills, like rent and groceries—the crowd that gets free or reduced-cost rent, monthly cash assistance, free EBT groceries and a child tax credit each year that equals 4 months of wages in a full-time, $9-per-hour job ($6,269).

All they have to do is have sex, reproduce without marrying and work the 20-hour-per-week, welfare-reform minimum in a low-wage job, like ringing up Chinese-made items, making sure that they stay below the less-than-$1,000-per-month, earned-income limit for welfare. Millions of immigrants with a sole, male breadwinner enjoy the same freebies from government.

Clinton’s 1996 Welfare “Reform” Bill and all the lying about “working moms”, too, helped facilitate the shift of jobs that cover a full range of household bills to China and other low-wage nations. Most Americans working for low wages that will not cover rent do not get one drop of pay-per-child $$$$$ from taxpayers to reward sex and reproduction and to make up the difference between what living expenses cost and the low wages from part-time, temp and churn jobs in an economy that was abandoned by American businesspeople and Uniparty politicians, seeking to profit from cheap, global labor.

Even more amazing, this Cheap Labor Party of globalist elites is almost over, not just for this country but for all countries. And it is over because the labor finally has become too damned cheap. Good luck with your sales to other Asian countries on the One Road when unpaid robots start doing even more of the work without buying even one of the oh-so-cheap products they make. A robot making $0 per hour can afford precisely 0 items Made in China or anywhere else. The greed of the Globalist Uniparty, their donors and their elite counterparts in foreign countries will not be satiated by these WORLDWIDE ROBOT MARKETS. Robots with 0 dollars, 0 yen, 0 franks, etc. in their Made-in-China / robot-made wallets cannot buy your products, no matter where they are made. Robots also cannot get money to buy your products by having sex and producing multiple kids to compete with robots for jobs.

Oldwood's picture

The fact that they made it easy for us to self destruct does NOT remove our culpability in this. We ALWAYS had a God damned choice. We piss away hundreds of billions a year on sports and entertainment, yet will claim with a straight face that we couldn't afford American goods. Give me a BREAK. MORE BULLSHIT EXCUSES FOR WEAK AND SHALLOW THINKING. Next you will tell me the evils of Walmart driving local retailers out of business, how they barred their competitors doors and FORCED people to buy from them.

Are we fucking mindless SHEEP or are we NOT???

Robots are NOT destined to provide us cheap goods. They are using massive debt and debt fueled consumption to finance tech advances that will finally and ultimately eliminate any remaining dependency upon US to provide the labor that produces their goods and services. This is a race to redundancy that ends with OUR end. And we are participating, contributing, ENABLING it. 

Enjoy

rejected's picture

Yep,,, stupid Americano's buy what they think is cheap foreign products... the products are priced as if they were made in the US [ How else do you think they can reap all these enormous profits from cheap labor]. The stupid marks bitching about crummy jobs in the US buying $1000- $1300 iPhones!

And then to be downvoted for speaking truth. This is why America will never be great again.

Xena fobe's picture

There is no alternative. 

null's picture

Hey, unlike your influence peddling DNC cohorts, who are desperate to start a war, any war, to cover up their decades of [literally] treasonous activities.

He-be cleaning up “your” mess ... your jizz.

mily's picture

It was Bush's fault, as usual

Dame Ednas Possum's picture

Probably because it was (is).

My Pet Goat (Mossad).

aurum4040's picture

Its just as much the fault of US voters for not holding any elected official accountable while continuously voting the same scum into office. Its not Chinas fault - they did what any other country would do. Just as we have over the years. Thats a fact, a hard reality. Kudos to Trump for laying that out and admitting reality. It doesnt happen much in politics. 

Oldwood's picture

I still think voting is important, but our principal and most powerful vote is in our personal financial choices. What we buy, from whom. What we borrow and from whom, are the choices that give power and take it away. Elections simply formalize those choices while attempting to separate us from our own culpability. WHY are THEY doing this to us? Right? Why are they forcing us to buy Chinese crap from multi billionaires who seek to dominate every aspect of our society using their  massive wealth we GAVE them?

WarPony's picture

How is it the comments have so degraded that I have to read this dribble about how "voting is important" or it's our fault for voting whomever into office?  Please, let me point out to those who believe this way:  IF YOUR VOTE MATTERED, THEY WOULDN'T ALLOW IT! To be clear, the electoral college is gamed, controlled, beyond any voters reach - THE SYSTEM IS RIGGED AND YOUR INPUT IS IRRELEVANT.  Carry on.

Ghordius's picture

a whole lot of the mess we have on this planet is Bush's fault, yes

not his father's, not Nixon's (though he did "wake the Dragon"), not any other president'a including Obama and Trump

he took the US's standing in the world and... flushed it down the wc. and he gave a whole country the strangest ideas about how other countries function or not

Dubya sawed this wind. stop protecting Dubya and Cheney "because of Obama" or "because of the Dems" or whatever

Oldwood's picture

It's pretty tough to blame trade deficits on Bush or any other politician or business for that matter. They are simply giving us what we ask for. People want cheap shit and they don't want to work for it....and that's  exactly what we got.

aurum4040's picture

Exactly. Its just as much the fault of US voters...Reality is tough for many to admit. Its certainly not Chinas fault they did what any other country would do. 

Ghordius's picture

I'm not blaming Dubya for the trade deficits. I am blaming him for taking a country that was at war a quarter of the time...

... and transforming it in a country that is in a State of Eternal War. since 2001

meanwhile, the US is 5% of the population of this planet. 25% of it's economy. and 50% of it's military expenses

now, imagine if it was only 25% of it's military expenses. imagine for a moment if that work, that capital, that many bright men and women where working... for productive instead of destructive (or, at best, defensive) purposes. (the surplus of that would translate into trade surplus and budget surplus)

Dubya, in this, ensured that "War Would Continue In Earnest, Forever"

no, he was not alone. War on Drugs comes to mind, the lesser cousin of War on Terror

but Dubya went and wrecked swathes of countries... so that War Biz would Continue and go up a higher level

it's not your "I want the cheap shit" that is hobbling you. it's that "War Is Good" that is doing it, or way more

see US federal budgets. note this, for the future: 10% less for everything and... 10% more for military expenses

Oldwood's picture

Perspective

How much of American production/consumption is hot air, simply thrashing about ending in nothing. Look at our economy and what we consume/spend. Where is it? What did it do?

While I do not support big government and believe consumption should be our choice, much of our economy is nothing at all. 

Like it or not, of all our governmental spending, it is military that is their only primary constitutional expense, and much of that spending goes into American jobs. It's odd that we can see spending billions on bombs as a waste yet not see hundreds of billions that people spend on football as a win. I'm not equating bombs and sports other than to point out that money and value are a construct that allows us to define our own notion of value and waste.

I would submit that much of ALL spending, public and private is a waste. Government spending is a problem but mostly due to waste and graft. Spending that creates American jobs and enhances our infrastructure is a positive no matter who does it. Waste and graft are BAD, no matter WHO does it.

JibjeResearch's picture

Yes.., Americans that want cheap shit... and don't want to work hard for it...

 

WILL PAY WITH THEIR LIVES....

THEY FUCKEN DESERVE IT...

curbjob's picture

Personally I think Reagan and Thatcher, with their "greed is good. your grandchildren can pay for it" policies, are responsible for the end game we currently find ourselves in . 

 

let's be honest; it was fun while it lasted 

JibjeResearch's picture

Every War President is at fault for wasting resources...

Now, we are feeling the pain and all the bad policies...

gmak's picture

Trump can be a statesman. Who knew?  What he said is true and diplomatic at the same time.  

overmedicatedundersexed's picture

business deals being made..obuma never sold a single thing made in america..without a kick back..in Trump we have a guy who wants America to win in business..

you will never see anything from msm spotlighting this ..what a contrast over hillary and obuma the 1st homosexual president.

ToSoft4Truth's picture

Everyone can run down to Smithfield and grab a job slicing pigs.  LOL

 

"Smithfield Foods was sold to a Chinese company in 2013."

overmedicatedundersexed's picture

troll trash..don't let any truth get in your way of propaganda..and slander.

Xena fobe's picture

Kroger now offers only Smithfield owned Boars Head meats in it's deli.  Quality is so poor, it's inedible.  I wouldn't buy any Kroger meat now.

Son of Captain Nemo's picture

Sounds like President Donny didn't receive the $5 trillion interest free loan package he was looking for from Xi!....

Son of Captain Nemo's picture

Hey Donny here's an idea that might really stir the pot and raise a few eyebrows in China as well as back home for you!

Elaborate on Mike Pompeo's visit with the ex-NSA scientist that not only is he helping you to reveal the truth about the Democrats shamelessly blaming another Country for it's defeat in a National election, he also signed this (http://www.ae911truth.org/about.html) because he's a patriot and lives by rules that he swore an oath to obey when he worked for his government not to spy on his own or for that matter and more importantly MURDER HIS OWN to deliberately start wars of choice to loot other Countries.

Make a very public statement in China that while you understand President Xi's position on giving his people more at America's expense, you also want to know MORE about his predecessor Jiang Zemin as you do India's Atal Vaj"payee"'s involvement in hauling away the evidence from "Ground Zero" in YOUR NEIGHBORHOOD after it happened 16 years ago and "WHAT" were the terms and conditions of that business arrangement?!!!

Son of Captain Nemo's picture

And "WHY" (https://southfront.org/india-allowed-us-officers-to-study-nuclear-submar...) Russia should never trust either of them, or for that matter the Turks with their AD technology!

Azannoth's picture

"..to cooperate on developing lighter-weight and more environmentally friendly bicycles" - wait what?! how much more environmentaly friendly do they want bicycles to get? are they gonna make bio-degradable bicycles from soy or what?

therover's picture

"who can blame a country for taking advantage of another country for the benefit of its own billionaires"

Fixed it.


Oldwood's picture

It is us who made Sam Walton rich, Bezos, Gates, and so many more. And we always pretend we had no choice, powerless to choose anything else. Our choices define us and our world.

JibjeResearch's picture

All we have to do is vote with out wallet....

But the majority of us .. goes straight to Amazon....

 

Bill of Rights's picture

The Democrats are doing so bad they are cheering at blue state wins now. It is pretty hilarious to watch. Both parties are scum and all they care about is tax and graft.

hoist the bs flag's picture

they are winning states regardless. how the fuck does that make them "doing so bad"?

JibjeResearch's picture

I was thinking the same...  Trump made a democrate (more so liberal) policy...

But to be fair...

Business is a liberal concept...