Could have been, but not with substantial fiscal deficits that crowd out the private sector. Companies need to either be able to save money or have access to affordable capital to produce, but they can't because banks pay nothing on deposits and they lend to the U.S. government and Federal Reserve instead of the private sector. Trump is an idiot. He has no clue.
I'm very aware of the actions that attempt to protect the petrodollar. Currency swaps with Japan. Draining SPR. Fighting a war against Iran. Continuing war against Russia. Stealing Venezuela's oil. Sanctions. AI subsidies.
But these are all destructive to a sustainable manufacturing base.
@TheGoodTomKing@gummibear737 No it's not. It's destructive for U.S. productivity, which requires Americans to go into debt to afford basic things. And it offshores the labor market. This has been abundantly clear since at least 2010.
@DrunkRepub The primary drivers is inflation, and no one has been "better" at driving up national debt (printed money).
Who has pardoned more fraudsters than Trump?
https://t.co/4w9akMNKbu
The U.S. annual beef output is $25.5 billion. Giving $20 billion to a massive competitor (via printed money), even through a loan, is NOT a drop in the bucket.
The government's primary goal is to artificially prop up the dollar, which forces Americans to rely on cheaper foreign-made goods and outsources jobs.
The cattle industry has been destroyed. The government should not be in the banking business, but if they are, why in the fuck are we lending to another country instead of our own ranchers? It's absolutely ludicrous.
@RapidResponse47@POTUS Trump is more concerned about a stupid pool in Washington D.C. than he is war, inflation, housing affordability, child rapists, immigration, corporate welfare, and fraud.
Impeach. Convict. Imprison.
@RandPaul We've known for years. Why is Trump hosting him at the White House? Do you have the courage to speak up? Why even talk? You're a complete coward.
https://t.co/jpSD7VQYXy
$20B is not a drop in the bucket for one specific industry. It was intended to artificially prop up the USD to discourage American beef production.
But you completely ignored the "starting a war that reduced energy and fertilizer supply," "printing trillions of dollars," and "implementing illegal tariffs."
@dailydirtnap Supply/demand side economics at the macro level is a myth. Free markets resolve these issues, and any long-term imbalances are caused by the government, largely due to printing money and regulation.