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Message
re: Breaking: China offers a way to eliminate US trade imbalance. HAIL TRUMP!
Posted on 1/18/19 at 10:52 am to I B Freeman
Posted on 1/18/19 at 10:52 am to I B Freeman
quote:
against free trade
If your definition of free trade is maintaining massive trade deficits with virtually all of our trading partners, allowing them to essentially prevent the importation of American goods into their respective countries through tariffs and protectionism, then count me as against it as well.
We have allowed our trading partners to use the American people as their social security system, and folks like you want it to continue, even if it means destroying most of our manufacturers, and our capability to manufacture.
2
Posted on 1/18/19 at 11:00 am to troyt37
quote:
We have allowed our trading partners to use the American people as their social security system,
Nothing is further from the truth than that statement right there. The simplest way I can explain it to you is they send us capital goods whether it is Christmas lights or high grade electronics and we send them US dollars. That is a good deal for Americans because we print the dollars.
If somehow we could count the debt of ours they buy toward the trade deficit for accounting purposes you would see the deficit is not near as much as you think.
Even when they do not use their excess dollars to buy our debt they are using them to buy things like oil on world markets and the dollars sort of find their way back one way or another.
The deficit that is important is the spending deficit. Imagine the investments in the US our trade partners would have to be making and the goods they would be buying with their excess dollars if the Treasury was not making trillions of dollars of debt available for them to buy.
Posted on 1/18/19 at 11:06 am to troyt37
quote:
If your definition of free trade
quote:
through tariffs and protectionism,
not free trade
that's like, the definition of not being free trade
quote:
We have allowed our trading partners to use the American people as their social security system,
yeah with our military spending. not our trade
quote:
and folks like you want it to continue, even if it means destroying most of our manufacturers, and our capability to manufacture.
we're either 1 or 2 (depending on how you define it) in the world. how is our manufacturing "destroyed" when it's so massive?
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