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re: Is Reaganomics and free trade officially dead?

Posted on 5/21/24 at 11:51 am to
Posted by Decisions
Member since Mar 2015
1492 posts
Posted on 5/21/24 at 11:51 am to
quote:

Funded by the savings created by an efficient economy (aka, shipping the cheap jobs offshore).


Oh, I suppose the savings these workers were previously accumulating from their jobs just never saw reinvestment into the economy? No one would have put it in a bank to loan out or a 401k to pump capital into the stock market? It only counts if it’s done by major players? My mistake.

quote:

There is only so much money in our economy, and it can only reasonably increase slightly year over year. There is a finite amount of money to spend/invest domestically.


The industrial base was already there. It takes relatively little capital to maintain and make incremental improvements versus building new.

quote:

quote: The point is to maintain the industry How?


Through protecting it from product dumping by bad actors and keeping regulation in check, as we’ve already proposed.

quote:

quote: The majority of the workers who were in these jobs aren’t capable of transitioning into high-end design and fabrication, They need to make better life choices.


Just come on out and say you’re an elitist. You can’t life choice your way out of a sub-100 iQ. They can still be more useful than what we as a nation have chosen to do with them instead, though. They could be working these jobs.

quote:

Pure histrionics. 200M? You've shown you have no desire to discuss this honestly.


I exaggerated for effect, but 65M on welfare and 16M in food services is still not preferable. By all means, though. Be dismissive. The effects of your way of economic mismanagement are all around us: screaming inequality, a destitute younger cohort, degrading infrastructure, and a hollowed out middle class.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425498 posts
Posted on 5/21/24 at 12:15 pm to
quote:

Oh, I suppose the savings these workers were previously accumulating from their jobs just never saw reinvestment into the economy?

Wrong type of savings, bubba

My comment was not about savings accounts

quote:

The industrial base was already there.

It's still there, if it fits into a modern economy.

We are the #2 manufacturer in the world, and our per capita output is very high. We have a huge manufacturing sector.

Our industrial sector is also massive, especially petro.

These industries never left, only the lower-levels of them did.

quote:

Through protecting it

How do you protect it?

The answer is raising prices. FWIW. We can keep playing this game where you try not to answer, but that's the point of tariffs.

quote:

Just come on out and say you’re an elitist.

I'm not. I'm from a working-class background.

I live in a blue collar city, too.

quote:

You can’t life choice your way out of a sub-100 iQ.

Sub-100 IQs can perform lower-level trade jobs, which are in demand currently, mind you.

quote:

They could be working these jobs.

While we lose higher-paying, more efficient, and more productive jobs.

That's not a good trade off.

I have no idea why y'all are so obsessed with devolving our economy out of some halcyon view of society from 60 years ago.

quote:

The effects of your way of economic mismanagement are all around us: screaming inequality, a destitute younger cohort, degrading infrastructure, and a hollowed out middle class.

Thank you, Mr. BLM. I assume you were proclaiming the same things on behalf of black people in America prior to Trump, right?
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