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re: Breaking: China offers a way to eliminate US trade imbalance. HAIL TRUMP!

Posted on 1/18/19 at 3:35 pm to
Posted by WeeWee
Member since Aug 2012
40257 posts
Posted on 1/18/19 at 3:35 pm to
quote:

Make room for Trump on Rushmore
Whoa...I just spewed every last drop that I had!!


Trump will probably get his own mountain.
Posted by ClampClampington
Nebraska
Member since Jun 2017
3968 posts
Posted on 1/18/19 at 3:36 pm to
I'm telling you where they come from.. who's the cheapest source of beans in the world? No one has said that China is buying 100% of the beans they normally do from the US via other countries
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30679 posts
Posted on 1/18/19 at 3:39 pm to
Are you sure? Even if not, 1.5 million jobs. When our unemployment is 3.9% and the total unemployed is 6.25 million, that’s almost 1/4 of the jobs needed for the unemployed, and would bring unemployment to its lowest number since 1952, and one of the lowest numbers ever. Trump would be the greatest president ever for jobs
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:39 pm to
quote:

China is buying 100% of the beans they normally do from the US via other countries


Not even close to 100%. Not even close to 10%.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 1/18/19 at 3:41 pm to
quote:

Well read the part to me again about that ROI and job growth you said.
Oh my. Let me try to simplify:
(1) If we received a $167B/yr economic infusion (likely a vast overestimate d/t production cost offsets) that money could go to (a) Jobs, or (b) Various investments.

For (a)jobs created, other new jobs will be fractionally supported. That is the way this stuff works. If 2M jobs were directly created, others would be created indirectly as a result. You really did not know that? Really?

For (b)investments undertaken, one would anticipate a positive ROI. Positive ROI's compound within a growing economy. You really did not know that? Really?
This post was edited on 1/18/19 at 3:45 pm
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:41 pm to
That is my understanding and I see no way to guess about the job numbers. Shipping massive ship loads of LNG would not require very many workers per dollar of goods for example.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 1/18/19 at 3:43 pm to
quote:

quote:

$167 billion per year we are to assume. Making that assumption, how many jobs at $80K/yr per job would be created?
We have not a clue
Excuse me?

Let's try that again:
$167 billion per year we are to assume. Making that assumption, how many jobs at $80K/yr per job would be created?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:47 pm to
quote:

Let me try to simplify


fail

you said the number of jobs would grow each year yet you did not say where the economic activity to grow the jobs would come from.

At your snow ball stand "Hillbilly Snowballs" if you contract to deliver $10000 worth of snowballs per year to the government for 6 years you should not add a single job past the first year for any body--not the ice man, not the sno ball machine company, not the paper cup company NOBODY. As a matter of fact a good operator should be able to do it with less money in year 6 than in year 1.

This post was edited on 1/18/19 at 3:50 pm
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:49 pm to
I will agree with that.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 1/18/19 at 3:51 pm to
quote:

you said the number of jobs would grow each year
NO SIR!
Learn to read, or check the post you are responding to.
Either you've got the wrong post, you don't understand compounding ROI, or you are illiterate.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:53 pm to
I will back down on the impeachable offense. However it would be very much inappropriate if the issues of the directive were solved and the president continued the tariffs.

What remedies Congress would have I am not sure.

They need to take back some of their tariff power.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:53 pm to
You were responding to my conversation with upper deck.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 1/18/19 at 3:55 pm to
quote:

you should not add a single job past the first year for any body
Correct. That is why we ran the theoretic $167B per year over 6yrs rather than using a 7 year schedule accounting for AR in year 7. Right?
But as I said, "we don't really know enough about the spend to say, do we?"
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 1/18/19 at 3:57 pm to
quote:

You were responding to my conversation with upper deck.
Is that a "ooops-my-bad"? I presume so.

Now then once again:
$167 billion per year we are to assume. Making that assumption, how many jobs at $80K/yr per job would be created?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 3:59 pm to
Well there is a very big difference in saying "imports slowed" and "growth of imports slowed".

Posted by Nguyener
Kame House
Member since Mar 2013
20603 posts
Posted on 1/18/19 at 4:03 pm to
Dude. Your delusions used to be funny but now they're kid of just sad.
This post was edited on 1/18/19 at 4:04 pm
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 4:04 pm to
quote:

Is that a "ooops-my-bad"? I presume so.


No. I don't see what post you were addressing if not that conversation.

quote:

Now then once again:
$167 billion per year we are to assume. Making that assumption, how many jobs at $80K/yr per job would be created?



No possible way to know or to even guess.

I know that agricultural grain production and oil and gas production produce a lot of revenue with very little labor.

Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 1/18/19 at 4:05 pm to
Which ones are you ready to discuss?
Posted by jcaz
Laffy
Member since Aug 2014
15929 posts
Posted on 1/18/19 at 4:09 pm to
Oil prices about to skyrocket. Already up this afternoon
Posted by deltaland
Member since Mar 2011
91247 posts
Posted on 1/18/19 at 4:10 pm to
quote:

know that agricultural grain production and oil and gas production produce a lot of revenue with very little labor.


It requires a lot of expensive equipment and infrastructure though.

Somebody has to build and maintain those
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