If it was good enough once, why not use it twice.
Trump. Trump. Trump. Trumpitty, Trump, Trump.
Someone help me out with the freak out over the steel/aluminum deal?
- Thread starter CU1TruTiger4Life
- Start date
Trump. Trump. Trump. Trumpitty, Trump, Trump.
Honest question... What has Trump did so far that has hurt your (or America's) wallet?
I'll hang up & listen...
Signed a tax bill written by a bunch of republicans that forgot what the word conservative means and basically makes them no better than democrats at putting this country into enormousness amounts of debt?
You have to admit, Trump has a pretty awesome name. I can see why companies want it on their buildings and pay big money to do so.
Bingo. I don't understand why no one talks about this. When you compare the rates on our tariffs versus what the rest of the world has on our products it's crazy. China is 3 and 4x. Even Canada and Mexico. That's why he wants to renegotiate our trade deals. Free trade works when all parties play by the rules, which is not what we have now.
We have a spending problem ie entitlements. Our corporate tax rates were/are much higher than the rest of the developed world. Why should productive citizens be forced to foot the bill? Tax cuts are already finding their way into back into people's pockets. The one's who are actually contributing. Last I checked that's one of the main tenants of conservatism.
No, absolutely not. But do you think our government won’t be able to buy as much steel as they won’t at anytime? It’s not like domestic steel is failing..it just doesn’t have the comparative advantage other countries do. Also, a lot of other countries would gladly cash in on the US needing their steel in a time of war.
I mean, we even traded food to Russia in exchange for aluminum (that we used to make bombers to kill Russians) during the Cold War.
You approach economics like you're 5. You're not considering broader impacts. Look up the broken window fallacy.
I encourage anyone looking to get a quick crash course on economics to read Thomas Sowell's Basic Economics.
We are doing something... we need inflation so the dollars we owe are worthless.. welcome to 1920’s Germany
Inflation cuts both ways. Hate to be retiring today looking at higher long term inflation rates with just a 401k and an underfunded social security system. Cat food or tuna fish?
Into people's pockets? Only if you acknowledge that this is a loan that is going to come due one day.
An unfunded tax cut that drives even more debt represents a core tenant of conservatism? Absolutely ridiculous.
We as productive citizens should all be advocating for our representatives to stop spending money they don't have. Want to lower corporate tax rates? Cut the entitlements, cut the military spending. Hell you could come up with a decent tax cut strictly from ending the F-35 failure. Don't say you want to do it. Do it. Don't pass it off until later. Don't kick the can down the road. If you aren't willing to cut spending, you shouldn't get to cut taxes.
Inflation is devastating for those who have not saved. If you have hard assets it is not near as big a deal. It hurts the young without assets and the poor whether they be young or old.
If you hope Trump "goes through with it", well, guess what? You and Trump are basically acknowledging you both know ZERO about how trade works, especially when trade wars begin via tariffs and currency "valuation". The good 'ole US of A is in no bargaining position, at all. For an American President to spout nonsense about trade such as, "trade wars are good, and easy to win" proves, without a single doubt, we are dealing with a certified economic lunatic.
The current format, in layman's terms consists of this, we continually consume huge amounts of foreign produced goods on credit. If some moron (our President) wants to dramatically start increasing domestic prices while obtaining a VERY short term trade "advantage", then this is the perfect recipe for this trade "cake". There are no "winners" in currency devaluation and tariff wars, only losers. All of these actions will only usher in lower living standards, higher inflation, possible war, etc.. much quicker than if the President had just left things alone.
I just find this whole thing hilarious.
Republican response:
Porn Star--meh
Tariffs--what is a free market?
Freedom--we take the guns first, without due process--hahaha...
If Obama did this, Republicans response:
Porn Star--impeachment, payoff--investigate every single thing, etc etc etc
Tariffs--this is killing freedom, killing GDP, the end of the economy
Freedom--Obama is taking all your guns, destroying the constitution-hanging by a thread, revolt, impeach...
My moderate response:
Porn Star--dont care really, did he violate any laws--that I'd like to know, is he being bribed??
Tariffs-stupid policy if it isn't targeted and strategic (hint: Bush and Obama did the same thing but w/Obama it was just 9 countries with different levels of tariff based on the degree of dumping), not the end of the economy but the investor class won't like it at all...
Freedom: Yeah due process is important but the 2nd amendment isn't totally absolute just like the 1st amendment. All about striking a balance between individual rights and public safety.
Republican response:
Porn Star--meh
Tariffs--what is a free market?
Freedom--we take the guns first, without due process--hahaha...
If Obama did this, Republicans response:
Porn Star--impeachment, payoff--investigate every single thing, etc etc etc
Tariffs--this is killing freedom, killing GDP, the end of the economy
Freedom--Obama is taking all your guns, destroying the constitution-hanging by a thread, revolt, impeach...
My moderate response:
Porn Star--dont care really, did he violate any laws--that I'd like to know, is he being bribed??
Tariffs-stupid policy if it isn't targeted and strategic (hint: Bush and Obama did the same thing but w/Obama it was just 9 countries with different levels of tariff based on the degree of dumping), not the end of the economy but the investor class won't like it at all...
Freedom: Yeah due process is important but the 2nd amendment isn't totally absolute just like the 1st amendment. All about striking a balance between individual rights and public safety.
The only issue with this analogy is there’s are more republicans in congress against the tariffs than in favor. Republicans on TI might be different. I’m definitely not in favor.
Good article on transshipping.
https://www.nytimes.com/2018/03/08/business/economy/fact-check-trump-steel-china-imports.html
https://www.nytimes.com/2018/03/08/business/economy/fact-check-trump-steel-china-imports.html
I think it has a lot to do with the anti-globalist have not had a party represent them in half a century. And along comes a candidate who speaks their language. And wins the Republican Party. Next thing, a bunch of private union members and anti NAFTA Republicans led by Pat Robertson join forces and you have fracture.
Very true. I'm thinking of some folks on here, but really the hard core Trump supporters (probably 30% of the country?? maybe that is too high?). It is interesting that the one area that Republicans have spoken out with some force is with regards to free trade. Morality--we will tolerate it if we are in power, but free trade is where it goes from tolerating the circus as an ends justify means deal to--wait a second, I thought this was all rhetoric to attract voters in the midwest.
Interesting times...
