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Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,373,658 times
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Quote:
Originally Posted by CCbaxter
I didn't start a trump hater thread. I simply noted that trump did something and it's now having a negative impact on people who voted for him. It's ironic, and factual. If the facts of the situation don't match your preconceived idea and create cognitive dissonance for you or make you feel sad or angry, seek counselling.
Of little interest to Trump fans, they prefer false braggadocio.
I feel SOOOO bad that the Chinese can't buy their Mercedes. <end sarcasm>.
You all need to wake up. The US has been on the losing end of trade for DECADES, posting $28-$35 BILLION in trade deficit each MONTH with China alone. Think of the cost of "the wall" or what Warren Buffet paid for BNSF, squandered away in one month of totally lopsided trade with China.
In the short term, the "shake up" is going to hurt, there will be casualties and Chinese goods are going to cost more. In the long term though, Tariff's and tax breaks are going to allow the US to compete, and for many, the return of manufacturing is going to be like a country song played backwards...."got my job back, my house back, my truck back...."
On top of that, instead of the liberal tax program of increasing taxes on a shrinking tax base, we've dropped them to increase the advantage.
Example. Factory X has been closed for years, has no employee's, is not paying any taxes(35% of nothing is still nothing libs), can't complete with foreign makers of their widget. We impose a 25% tariff on the imported widget, and give Factory X a tax cut, and now they do the math and realize they can compete so they open their doors, hire workers, and pay taxes.
The "investment" has been made for this to happen in the form of policy. The "return" is coming in the form of a stronger economy and more jobs and opportunities are on the way now that the seed has been planted to make it profitable.
I like to equate the way trade was, like this. Lets say for decades, your neighbor has been opening his door into your car, dinging it, every morning, and you've been paying him to do it. He now feels entitled to that money, and now all the sudden you decide you aren't going to pay anymore, and are standing there with a baseball bat in the morning waiting for him to do it again....
Other countries have been enriching themselves with OUR money. We are buying far more from them than they are from us so what do we have to lose by reducing that? So...trade war? Bring it on.
Obama was in won. He lost. Manufacturers left and went overseas or simply stopped manufacturing.
It's all about the math. High taxes and cheaper import competition simply didn't make it feasible for companies to do business in the USA. Lower taxes and tariff's on import competition can make it work.
A strong economy is being messed with, and I think it will lead to problems a couple years out.
But economies are complicated so I'll just wait and see.
We've alienated most of our allies, and are proceeding to do so with the rest the world.
Obviously some people think that is great, and I don't get it.
With great power, comes great responsibility, but we are abusing our power now.
I'm not saying the issue with China should have been left, but we are like a bull in a china shop (pun intended).
Agree. There are issues and problems in terms of trade issues between the US and China - nobody denies that, but using a sledgehammer when a scalpel may be more appropriate isn't going to help.
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,373,658 times
Reputation: 40731
Quote:
Originally Posted by rkcarguy
It's all about the math. High taxes and cheaper import competition simply didn't make it feasible for companies to do business in the USA. Lower taxes and tariff's on import competition can make it work.
And how do stagnant wages make it possible for people to pay the resulting higher prices on consumer goods?
I hope there are layoffs in those plants in Alabama as a result. That may sound harsh, but until these people are made to feel the effects of this buffoon they put in office, they will never get it. So, let's help them get there.
So what if it's harsh? This is war. Screw everyone who voted for that ignorant, fascist monster. When these trade wars turn into what they're going to turn into, I hope that every single person who voted for him loses their job or their farm. Every single one. I want every single one of them to get EXACTLY what they voted for, and to hell with every one of them.
Agree. There are issues and problems in terms of trade issues between the US and China - nobody denies that, but using a sledgehammer when a scalpel may be more appropriate isn't going to help.
You know who is using a scalpel? China.
Talked with a guy from the NC Dept. of Agriculture. He said the reciprocal tariffs are targeted.
NC is viewed as a purple state rather than a red one, so NC doesn't seem to be getting hit quite as hard as some of the red states. But it's a guessing game at this point.
Last edited by GotHereQuickAsICould; 06-21-2018 at 04:28 PM..
For those who keep spreading the lie that Obama drove manufacturing off shore, if you are interested in the the truth, Google "Re-shoring."
"Manufacturers like Hessaire are part of a growing move to “re-shore” manufacturing jobs that were once lost to countries such as China and Mexico. The Reshoring Initiative, a group that focuses on bringing manufacturing jobs back to the U.S., estimates that between 2009 and 2016 more than 250,000 jobs were created or brought to the U.S. from other countries."
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