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Started By
Message
A Yahoo Finance flash story popped up with columnist saying Trump’s tariffs would be worse
Posted on 9/17/24 at 10:18 pm
Posted on 9/17/24 at 10:18 pm
..than Biden’s inflation.
I clicked over to it and then to the guys Twitter account. Every post about Trump is negative as far as I had decided to scroll back.
Yeah, that guy doesn’t have an agenda so just ignore his commentary as Democrat propaganda.
LINK
ETA: Same guy with another Harris fluff piece and bullshite anti-Trump story,
I clicked over to it and then to the guys Twitter account. Every post about Trump is negative as far as I had decided to scroll back.
Yeah, that guy doesn’t have an agenda so just ignore his commentary as Democrat propaganda.
LINK
ETA: Same guy with another Harris fluff piece and bullshite anti-Trump story,
This post was edited on 9/21/24 at 1:49 pm
15
Posted on 9/17/24 at 10:20 pm to Blutarsky
There is no honest way to describe tariffs as anything other than inflationary. Tariffs are a tax that will raise costs on the US consumer.
They make no economic sense when applied to goods that we do not produce domestically.
They make no economic sense when applied to goods that we do not produce domestically.
This post was edited on 9/17/24 at 10:21 pm
Posted on 9/17/24 at 10:22 pm to Indefatigable
quote:
They make no economic sense when applied to goods that we do not produce domestically.
Why are they not produced domestically anymore?
Posted on 9/17/24 at 10:24 pm to Blutarsky
quote:
Why are they not produced domestically anymore?
Because they went overseas many decades ago. They are not coming back. We don't have the workforce for unskilled, low wage, low benefit factory jobs making cheap bullshite anymore.
Make cheap Chinese consumer goods more expensive, and we'll just be buying them from Vietnam or India or Mexico. The jobs aren't coming back. No one wants those jobs in the US anyway.
Are there things we can bring back in vital industries, absolutely. But that will come on the domestic investment side, not in punitive measures abroad. Those industries will just choose a cheaper foreign alternative.
This post was edited on 9/17/24 at 10:27 pm
Posted on 9/17/24 at 10:27 pm to Indefatigable
quote:
Because they went overseas many decades ago. They are not coming back. We don't have the workforce for unskilled, low wage, low benefit factory jobs making cheap bullshite anymore.
Make Chinese goods more expensive, and we'll just be buying them from Vietnam or India or Mexico. The jobs aren't coming back.
Over 10 million low skilled illegals have entered the country in the past 3-4 years and there are millions of Americans sitting on their asses collecting some form of government entitlements who could/should be working a 40 hour work week, we have plenty of excess labor.
Posted on 9/17/24 at 10:29 pm to Bass Tiger
quote:
Over 10 million low skilled illegals have entered the country in the past 3-4 years
And we want them making bathtub drain plugs and legos? Or do we want them deported? Because I favor the latter.
quote:
there are millions of Americans sitting on their asses collecting some form of government entitlements who could/should be working a 40 hour work week, we have plenty of excess labor
As fun as this platitude is, none of those people are going to work in a factory making useless consumer grade Amazon junk for 11 dollars an hour.
This post was edited on 9/17/24 at 10:30 pm
Posted on 9/17/24 at 10:32 pm to Indefatigable
quote:
quote:
Over 10 million low skilled illegals have entered the country in the past 3-4 years
And we want them making bathtub drain plugs and legos? Or do we want them deported? Because I favor the latter.
quote:
there are millions of Americans sitting on their asses collecting some form of government entitlements who could/should be working a 40 hour work week, we have plenty of excess labor
As fun as this platitude is, none of those people are going to work in a factory making useless consumer grade Amazon junk for 11 dollars an hour.
Those 10 million are what's come into the nation over the past 3-4 years there are probably 20-30 million low skill illegals in the country right now and there are at least 3-4 million Americans who could/should be working but instead are collecting government entitlements rather than working.
Posted on 9/17/24 at 10:32 pm to Indefatigable
quote:The millions of illegals crossing the border would beg otherwise, amigo.
We don't have the workforce for unskilled, low wage, low benefit factory jobs making cheap bullshite anymore.
Posted on 9/17/24 at 10:38 pm to Indefatigable
quote:
Make cheap Chinese consumer goods more expensive, and we'll just be buying them from Vietnam or India or Mexico.
China is going to price themselves out of the biggest.cosumer economy on the planet?
Posted on 9/17/24 at 10:39 pm to Bass Tiger
quote:
Those 10 million are what's come into the nation over the past 3-4 years there are probably 20-30 million low skill illegals in the country right now and there are at least 3-4 million Americans who could/should be working but instead are collecting government entitlements rather than working.
I'm not disputing those stats. I am disputing the notion that any of that number could or would be employed making Temu widgets even if US companies were stupid enough to invest in the infrastructure to make them.
Posted on 9/17/24 at 10:40 pm to Blutarsky
What’s funny is Biden’s Administration (not Brandon himself) has imposed tariffs on many things these past four years. But now all of a sudden “Trump tariffs bad. Kamala inflation good. Unga bunga.”
Posted on 9/17/24 at 10:40 pm to GRTiger
quote:
China is going to price themselves out of the biggest.cosumer economy on the planet?
The EU and the rest of the world are larger consumer markets than the United States. China isn't going to go away because we want it to be so.
Apply tariffs on steel and pharmceuticals, and rare earth metals that we refuse to exploit despite having them under our feet, and things like that. No problem.
Tariffs on ordinary consumer goods that we don't make anymore is nothing but a sales tax on US consumers. There is no way around that.
This post was edited on 9/17/24 at 10:43 pm
Posted on 9/17/24 at 10:42 pm to Indefatigable
Oh ok, thanks. So China is going to price themselves out of the US market?
Posted on 9/17/24 at 10:43 pm to Indefatigable
quote:
There is no honest way to describe tariffs as anything other than inflationary. Tariffs are a tax that will raise costs on the US consumer.
Well then why didn’t they cause price inflation when he did it during his first term?
Posted on 9/17/24 at 10:43 pm to GRTiger
quote:
So China is going to price themselves out of the US market?
No, they won't.
Costs will go up for US consumers though.
Posted on 9/17/24 at 10:44 pm to eitek1
quote:
Well then why didn’t they cause price inflation when he did it during his first term?
Are we talking about Trump's first term tariffs, which were relatively targeted towards industries that the US participates in, or are we talking about his proposals for larger and more far reaching tariffs?
Posted on 9/17/24 at 10:46 pm to Blutarsky
Lemme guess—written by Rick Newman, right? This guy is eaten up with TDS.
Posted on 9/17/24 at 10:46 pm to Indefatigable
quote:
Costs will go up for US consumers though.
Because Chinese companies will raise prices to counteract the tariffs, which will cause Americans to buy from Taiwan and Mexico?
Posted on 9/17/24 at 10:49 pm to GRTiger
quote:
Because Chinese companies will raise prices to counteract the tariffs
Because the companies who import and sell the cheap Chinese bullshite, aka the people who actually pay the tariffs, will pass that on to the consumer.
quote:
which will cause Americans to buy from Taiwan and Mexico?
Who will also raise their prices to a level slightly below what the tariffs force on the Chinese-supplied goods. Prices will rise.
Its pretty amazing to find someone who argues that tariffs are anything other than inflationary. ITS THEIR ENTIRE PURPOSE
It is purposefully making foreign goods more expensive. If a widget costs $1, and we level a $0.50 tariff on Chinese versions of that widget, do you think Taiwanese or Mexican companies are going to sell the widget in US markets for $1, or $1.45?
This post was edited on 9/17/24 at 10:52 pm
Posted on 9/17/24 at 11:02 pm to Indefatigable
It seems like you can't even decide which tariffs are "anything other than inflationary." I don't believe you received an answer to that goal shifting question you asked.
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