Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Lets just ban international trade completely. Every country produces all the products it consumes domestically. That will lead to a economic boom all around the world.
There will be protest all over America and world if that happens. I will be very mad no more BMWs and Audis or cheap Chinese products
Import taxes would mean higher car prices. Not only for imported cars, but also for domestic made cars. Less competition would tempt domestic car makers to increase their prices, too. Because of a lack of competition.
Yup, and who's going to pay over $30k for a Chevy Cruze, or even more for an Impala? Every car will be expensive and most people will have to buy compact cars. "Foreign" cars will be out of reach for most people. Guess what you have here -America just turned into every other country in the world where the nicer cars are only affordable to wealthy people.
All this for a questionable short term gain in jobs and public perception.
Love him or hate him,he is going to be the man in charge,and like his 44 predecessors,he will make his share of mistakes.What matters now is that if he fails,we all fail to a certain extent.
A fact that seems to be lost on his biggest critics.
Not true at all.
Hopefully he will fail at anything he does that is either poor policy or not thought out.
So far, it seems as if that is most everything. I have yet to see any true plan which is deep enough to even critique. There is zero evidence that he reads, knows history, knows economics (other than the shallow "deal making" type), etc.
I may be biased because I lived near Atlantic City during the decades that he developed there. Every person who wishes Trump to succeed should take a trip there and see what his successes look like. A Ghost Town. And that's after a number of bankruptcies and taking the taxpayers for hundreds of millions in "free" money (for him).
There is not a bit of evidence that he has the capabilities to understand complex systems. Again, all evidence (statements) from him indicate the exact opposite - he says what everyone wants to hear or repeats what the last advisor he talked to said to him.
He has hired the Swamp Things to "Drain the Swamp". The idea that Wall Street Billionaires go to sleep every night thinking about the plight of the working man just doesn't compute.
As far as wages in Mexico v/s the USA, it's the same tired old argument. We've heard the same about how WalMart can't pay well or why they can't provide benefits. Yet:
1. CostCo - which, BTW, is scaring WalMart, Sam's Club, etc. with their success, pays employees an average of over $20 per hour PLUS benefits.
2. Germany - just the word should mean "I rest my case". They make cars and a lot of other things there. They have unions, pensions, universal health care 5 weeks paid vacation, almost unlimited sick days, family leave, etc.
This false idea that Americans have to work for nothing in order for manufacturing to work here is complete bunk. What we need is a country that - like Germany - is more about people and success than just about Corporate Profits. And, make no mistake about it, profits...not people...are what drives our current policies.
Lobbyists for business outnumber lobbyists for "people" 20 or 30 to 1 in DC. They have called the tune for the past 40 years and are still calling it...and that tune says "more for the top, less for everyone else".
One thing I have no doubt about. Trump will "succeed" in convincing some people that he made the sun come up in the morning. Tens of millions of jobs have been created in the last couple of years and things are - in general - booming. But Trump will be tweeting PR about how he convinced someone to keep a plant here.
He obviously doesn't understand the scope of the US Economy. Paying Carrier millions to only lay off 800 instead of 1500 isn't gonna move the needle. It's not going to raise wages, benefits and fix health care. It's not going to make the wealthy pay more in taxes (which is needed to balance the budget).
I don't see him having the capability to learn. We can only hope that some combination of cabinet and admin and congress will save us from ruin and at least allow us to tread water. But I fear Trump is going to learn the hard way that "words matter". When people start dying due to your words the equation can change.
Location: New Albany, Indiana (Greater Louisville)
11,974 posts, read 25,473,841 times
Reputation: 12187
35% tariff won't happen. Too many GOP members of congress are still pro NAFTA and Democrats will be reluctant to support anything Trump does. It's unrealistic to bring jobs back from Mexico, if we could just stop the hemorrhaging of jobs and brake even that would be a victory.
Obama issued MORE exective orders than Bush 1 did and barely more than Bush 2.
Bush 1 = 166 in 4 years
Bush 2 = 291 in 8 years
Obama = 266 in 8 years = the least average of EOs per year since Grover Cleveland's 1st term.
Quote:
Whatever EO the president issues is going to be the law until it's challenged in court.
100% absolutely false. Any executive order must be enacted within the boundary of current legislation which has been enacted by the legislative branch. EOs are NOT laws.
Quote:
If Trump tries a 35% tax he'll probably get it...for a while.
Nope. But, don't worry -- he has no interest in doing anything like that.
If we slap tariffs on Chinese goods, don't think for a second that they're not going to hit Boeing in the nuts and kick them out of the largest growing airliner market in the world. Same for India.
Boeing has no business being in China, so good riddance. Airplane manufacturing is a strategic production and it is INSANE to let the Chinese or whoever else learn it. How would you feel if Boeing had plants in the Soviet Union?
Boeing has no business being in China, so good riddance. Airplane manufacturing is a strategic production and it is INSANE to let the Chinese or whoever else learn it. How would you feel if Boeing had plants in the Soviet Union?
Airplanes are a 100 year old technology. They are built in several countries already including, but not limited to: Russia, China, Brazil, Argentina, Canada, Germany, France, Italy, Sweden
Boeing is going to build lower cost, legacy model aircraft in China for the Chinese marketplace. Get used to it, because things like this have been happening for decades.
This is a really naive understanding of global economics. We have a trade imbalance with China because their labor costs are the lowest in the world, as are their manufacturing costs. The reason? The average worker over there makes peanuts compared to what we earn here in America. Manufacturing? You'd be amazed at how cheap you can produce something when you don't have to worry about pesky pollution byproducts or damaging the environment, polluting your rivers and air, just to make something as cheaply as possible.
Exactly.
Absolutely not. China holds about $1.3 TRILLION dollars of US Debt. If Trump decides to go toe to toe with them, they can put a serious crimp in our economy by selling all of our debt. That would cause interest rates to rise overnight, by a hefty amount. It could quite possibly put us into a recession from that alone.
China is in the driver's seat, because Americans don't want to pay more for goods than we have to. If we get into a trade war with China, EVERYTHING we buy is going to cost a lot more than we are used to. For the Chinese? They'll never notice. It isn't like they go to Walmart and complain that all the cheap crap is manufactured in the United States these days.
China starts selling our debt and taking massive losses. It's a no win game for them as well. There aren't in the drivers seat and we aren't either, we are married. Their trade with us is in dollars, they buy dollar denominated things like US debt it's a circle that your suggestion simplies beyond reality
They will not be a tariff. Look what Ford did. They stayed.
Yeah, Trump would love to pat himself on the back for that, but he is not the reason Ford didn't build the San Luis Potosi plant.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
