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Is this any surprise? Trump is barely literate and can't hold his attention long enough to read a two page memo or listen to advisors for more than 15 minutes.
The US economy, and to great extent the world economy, is being held hostage by a dull, immature, corrupt and stupendously inept man.
A man whose policies are as confused and rambling as the thoughts in his head.
Let us give up the fiction of the Trump presidency and just call it for what it really is:
In the 1930's the US did not have China stealing 600 Billion a year in Technology, patents and Copyright infringments or dumping products in the US below cost with the intent to destroy a market.
China declared economic war on us many years ago and we are starting to fight back. Huge difference between 1930 and 2018.
I might agree with you if it were just China. Problem is Trump's policies are not just aimed at China, but our allies as well.
tariffs had little impact on the great depression if any. Please read your history.
Buying stocks on margin was the main culprit.
Quote:
Originally Posted by i_love_autumn
The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the US economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.
No surprise from a NUMBSKULL failed businessman, and a Fascist who wants to destroy American Democracy from within! LOCK HIM UP,LOCK HIM UP,LOCK HIM UP!
The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the US economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.
No surprise from a NUMBSKULL failed businessman, and a Fascist who wants to destroy American Democracy from within! LOCK HIM UP,LOCK HIM UP,LOCK HIM UP!
You pretty much summed it all up there ^^^^. Whenever I hear some Trumpee say "Well, he must be smart, he is rich", it makes me understand a little more how he duped so many people. First off, IS he REALLY rich ? None of us have examined his financials, nor are most of us qualified to do it if we could.
Secondly, his business record is not exactly stellar. Failed casinos, bankruptcies , failed university, more bankruptcies, and tons of people not paid for the work they did for him. If that is "successful", I would hate to see a failure.
This trade war BS is going to bite us in the behind big time. Someone in that entire WH crew has to get a leash on him and make him sit down with people who KNOW world economics and teach him this ain't like buying a building in the Bronx.
I used to be in the glass business back in the 90's. They would import a windshield for $12 that cost them $30 to build and import just to get a foothold in the market. They were sued for dumping by the glass manufacturers but our policy of open trade with China at that time prevented any damages or restrictions.
I'd bet there are a thousand similar stories over the last 30 years.
Is your argument that American consumers should forcibly be made poorer so american glass businesses can profit more and be protected from competition?
so a little actual information worth discussing....
I agree with those that point to Smoot Hawley and identify it as very bad policy that exacerbated the great depression.
Protectionism for protectionism's sake is bad mojo.
So the question one has to ask is, is this thing that Trump has been doing actual protectionism for protectionism sake?
Smoot Hawley placed tariffs on huge numbers of items being imported. It was done to protect companies from outsiders. There was no intent to attach those tariffs the behavior of import/export partners.
President Trump's tariff plan has always been contingent upon the actions of trading partners. We have imbalances with nations who have placed barriers to American exports. Those nations are being targeted by Mr. Trump and it seems its largely about renegotiating how they approach our exports.
These things aren't the same thing. I am not all in with Mr. Trump on his approach. I am kind of sitting in the middle patiently waiting to see how the ball bounces. But I do see the difference between Smoot Hawley and Mr. Trumps approach.
The interesting thing for me is seeing these liberals here all atwitter over Trumps approach when THIS BOARD was talking "Fair Trade back in waning days of the GWBush presidency. Those conversations were pretty close to what Mr. Trump is currently doing. Back then my liberal friends were hopeful that a democrat president would take a Fair Trade approach in contrast to the Free Trade approach of the Bush/Clinton/Bush years.
The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the US economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.
No surprise from a NUMBSKULL failed businessman, and a Fascist who wants to destroy American Democracy from within! LOCK HIM UP,LOCK HIM UP,LOCK HIM UP!
You know, I might have been willing to look at the article you cite. I might have been willing to examine the policies and be critical towards this new approach.
However, the ranting and raving of your last paragraph killed any chance of that happening.
In the 1930's the US did not have China stealing 600 Billion a year in Technology, patents and Copyright infringments or dumping products in the US below cost with the intent to destroy a market.
China declared economic war on us many years ago and we are starting to fight back. Huge difference between 1930 and 2018.
so very true. in addition the threatened tariffs are there to push countries to renegotiate their trade deals with the US, not just to prevent dumping of products on our markets.
if you trump haters were to actually investigate what china has been doing for years to this country, things like manipulating our currency using our own markets against us, stealing our intellectual property, putting up large trade barriers for product going to china, and dumping their junk here, among the many other things they are doing, then perhaps you would realize that trump is doing the right thing, and there will be some pain as a result, but we will be better off in the long run.
but since you trump haters are looking through your hate fill glasses, you wont see these things, and you will continue your hatred of trump regardless of what he does.
The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the US economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.
No surprise from a NUMBSKULL failed businessman, and a Fascist who wants to destroy American Democracy from within! LOCK HIM UP,LOCK HIM UP,LOCK HIM UP!
It did hurt but wasn't the major reason. It was just progressivism by the economic failure FDR to manipulate the economy that extended the Great Depression and he favored his cronies. Crony capitalism fails again.
All this because trump has just done it with steel?? The article isn't very in depth.
Tariffs bad. Agreed.
Last edited by Loveshiscountry; 05-04-2018 at 08:49 AM..
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LOCK HIM UP,LOCK HIM UP,LOCK HIM UP!
