Literally everyone with passing knowledge of economics disagrees. That’s just not what trade deficit means.
Both Trump and Musk have degrees from the supposedly reputable Wharton School of Business at the University of Pennsylvania.
If these two are evidence of their quality of graduates, it really raises questions about whether it was another US institution where ‘legacy’ and money buy admissions and it’s impossible not to graduate.
“Donald Trump was the dumbest goddamn student I ever had.”
William T. Kelly, Wharton
This came to light immediately after Trump tweeted about Kelly calling him “the smartest student I ever had”.
But Trump was able to graduate?
Is Wharton one of those US schools (like Harvard) where anyone lower than a tenured professor has to write justifications to file anytime they give a student less than a B-?
“I think that in Trump’s mind, he sees trade as a zero-sum game,” Moshe Lander, an economics professor at Concordia University, told CBC News. “He’s just hearing the word deficit. And that’s the end of his math calculation.”
He couldn’t calculate anything even if he tried.
This is a wild quote, because it’s still trying to apply a lens that is focused on economic decision making.
Trump never pays his bills. He thinks paying people for their work or products is what suckers and losers do. He actively steals from people, and he thinks it’s the smartest thing he does.
He thinks the US is wrong for paying for what it buys. Nothing more complicated than that.
Trade deficit means you’re getting more stuff than the other side is.
He’d rather have the dollars than the stuff?
What are you gonna spend the dollars on if there’s no stuff?
Isn’t “too many dollars chasing too few goods” the textbook definition of inflation?
He’d rather have the dollars than the stuff?
I suspect that’s exactly the case. He sees money as an end rather than a means. A regrettably common disease.
You can’t reason with this a. hole no point trying.
Yeah, this guy is either stupid or maliciously pretending to be misinformed.
Either way there’s no point bothering with Dumbass Donald
Don’t underestimate him. This is the guy who has gotten away with everything in his life with zero consequences.
He’s not some sort of bizarro Candide.
a $200B subsidy
That’s not how trade works. One side has something the other side wants. They agree to make an exchange.
Both sides win.
That’s how Trump thinks, though. Every transaction is zero sum to him.
I’m also convinced saw the “deficit” part of “trade deficit” and either automatically assumed it was bad thing or knew he could convince low-information voters that it was.
Or maybe he is a dumbass and someone on his campaign staff was the crafty one.
