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Old 04-25-2015, 06:48 PM
 
Location: it depends
6,369 posts, read 6,394,315 times
Reputation: 6388

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So in the twilight of what has been close to a failed presidency, Barack Obama is starting to do some worthwhile things that will actually promote prosperity.

And who is hollering? Dems. No kidding. Obama is trying to get some good things done in trade, and Elizabeth Warren and the other usual suspects are obstructing him.

Obama to Democratic trade critics: 'I take that personally' | Reuters
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Old 04-25-2015, 07:06 PM
 
Location: Houston
26,979 posts, read 15,849,164 times
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Yes, Democrats tend to be completely ignorant on economics. The one thing just about all economists agree upon is liberalized trade is good for a nation.
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Old 04-25-2015, 08:14 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
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Quote:
Originally Posted by whogo View Post
Yes, Democrats tend to be completely ignorant on economics. The one thing just about all economists agree upon is liberalized trade is good for a nation.
Yeah..Paul Krugman was all for "free trade" and globalization in 1996.
In 2007 he changed his tune.


Looks like Krugman isn't making the same mistake twice.
He's against the TPP.


http://www.nytimes.com/2014/02/28/op...deal.html?_r=0
What the T.P.P. would do, however, is increase the ability of certain corporations to assert control over intellectual property. Again, think drug patents and movie rights.

Is this a good thing from a global point of view? Doubtful. The kind of property rights we’re talking about here can alternatively be described as legal monopolies.
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Old 04-26-2015, 05:53 PM
 
56,989 posts, read 35,116,741 times
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Quote:
Originally Posted by whogo View Post
Yes, Democrats tend to be completely ignorant on economics. The one thing just about all economists agree upon is liberalized trade is good for a nation.
Really? How so?
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Old 04-26-2015, 09:28 PM
 
34,274 posts, read 19,312,630 times
Reputation: 17256
Quote:
Originally Posted by whogo View Post
Yes, Democrats tend to be completely ignorant on economics. The one thing just about all economists agree upon is liberalized trade is good for a nation.
LOL. Look at the Republicans defend the TPP.

Let me help you with something. Even the economic issues aside (which history shows that liberalized trade is good for the 1%, not so much everyone else) the TPP has a ton of non-economic issues that tons of people object to.

Maybe you should study the issue a little.
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Old 04-26-2015, 10:29 PM
 
69,368 posts, read 63,992,474 times
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Anyone who says a liberal trade policy is outright good or bad is completely ignorant on the subject.

A liberal trade policy is good when our dollar is strong, bad when its weak.

Its not so cut and dry to say that its good or bad without entering other economic issues into the discussion.
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Old 04-26-2015, 10:33 PM
 
3,804 posts, read 6,157,363 times
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Quote:
Originally Posted by greywar View Post
LOL. Look at the Republicans defend the TPP.

Let me help you with something. Even the economic issues aside (which history shows that liberalized trade is good for the 1%, not so much everyone else) the TPP has a ton of non-economic issues that tons of people object to.

Maybe you should study the issue a little.
On the whole it may suck for American factory workers, but it helps lift people in third and second world countries to something approaching poverty or working class status in the U.S. Which is a heck of a lot better than their previous existence as rural subsistence farmers. Hardly the "1%". Beyond that why does the left hate these people? They're Ll for importing every person in Mexico who fits this definition, making them citizens, putting them on welfare, and letting them vote Semocrat for the rest of their life, but they're suddenly evil job stealers if they want to stay in their home countries and work for a living?
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Old 04-26-2015, 10:35 PM
 
56,989 posts, read 35,116,741 times
Reputation: 18824
Quote:
Originally Posted by AuburnAL View Post
On the whole it may suck for American factory workers, but it helps lift people in third and second world countries to something approaching poverty or working class status in the U.S. Which is a heck of a lot better than their previous existence as rural subsistence farmers. Hardly the "1%". Beyond that why does the left hate these people? They're Ll for importing every person in Mexico who fits this definition, making them citizens, putting them on welfare, and letting them vote Semocrat for the rest of their life, but they're suddenly evil job stealers if they want to stay in their home countries and work for a living?
I care about American factory workers. Why am i obligated to care about the second and third world?
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Old 04-26-2015, 10:35 PM
 
3,804 posts, read 6,157,363 times
Reputation: 3338
Quote:
Originally Posted by pghquest View Post
Anyone who says a liberal trade policy is outright good or bad is completely ignorant on the subject.

A liberal trade policy is good when our dollar is strong, bad when its weak.

Its not so cut and dry to say that its good or bad without entering other economic issues into the discussion.
A weak dollar promotes exports as they are cheaper for other countries to buy. A strong dollar weakens them as they are more expensive. Similarly, with a strong dollar other countries manufactured goods are cheaper for Americans so we import more goods while with a weak dollar our goods are more cost competitive at home which helps reduce imports.
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Old 04-26-2015, 10:36 PM
 
3,804 posts, read 6,157,363 times
Reputation: 3338
Quote:
Originally Posted by desertdetroiter View Post
I care about American factory workers. Why am i obligated to care about the second and third world?
Do you care about them when illegal immigrants are being brought in to take their jobs?
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