ldrews, on 2017-November-12, 20:14, said:
On this recent Asian trip the US delegation/businesses signed 250 billion dollars of trade agreements. I assume everyone thinks that this is a result of actions that Obama put into place over a year ago.
To be clear, countries signed trade agreements totaling 25% of a trillion dollars which is the functional equivalent of winning a $1,000,000 lottery, 250,000 separate times. WOW!
We could label this a Trump victory but guess what?
Every president takes international deals that multinational corporations broker in the Asia-Pacific Rim and claim them as their own political victories.
Source:
https://www.reuters....a-idUSKBN1D91BZ
Take for example: Boeing. They signed an agreement to sell $37 billion of aircraft to China and Trump said, "See I did that! That's me and America winning so much!" He included that figure in the $250 billion trade total for his visit even though it is highly unlikely he was pivotal to the hard-knuckled trade talks between Chinese government officials and Boeing senior management.
All Trump wanted and needed for his base was a public relations ego boost and the China visit provided the perfect platform for such political commentary especially with an eye-popping $250 billion total. He is doing what politicians do. . . playing to their base.
And Obama signed a trade agreement as well and that deal was allegedly the biggest trade deal since NAFTA but it is dwarfed by the $250 billion trade agreement in China.
Source:
http://www.nbcnews.c...-biggest-nafta/
Basically, what's profitable for Corporate America and the Wall Street money handlers is good for their partners, managers, employees, shareholders, and consumers.
And what is profitable for Wall Street and Corporate America is good for wholly-owned politicians whose campaigns are largely financed by crafty, "well-intentioned" billionaires and shadow corporations who funnel dark money through PACs and SUPER-PACs.
NOTE: I used the term "who" since corporations have recently assumed personhood in America's political institutions thanks to our fabulous Supreme Court and the infamous Citizens United ruling.
Rate this a Trump victory, but understand it's the U.S. corporations already domiciled and doing business in China that are the true heroes of this success story. Trump is the good will ambassador who shows up to showcase and champion their victories and accept the trophy on their behalf.