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re: But tariffs don’t work….
Posted on 3/24/25 at 7:21 pm to Jjdoc
Posted on 3/24/25 at 7:21 pm to Jjdoc
quote:
Tell that to families working 3 or 4 jobs to survive. Sell that to towns that have been crushed due to your experiment of globalism that left them with nothing but high crime rates and drug infested streets.
You tell them. You voted for it. Multiple times.
0
Posted on 3/24/25 at 7:22 pm to SlowFlowPro
quote:
A trade deficit means you're rich.
Somalia: Recorded a trade deficit of -58.79% of GDP in 2023. ?
TheGlobalEconomy.com
Gambia: Experienced a trade deficit of -29.7% of GDP in 2023. ?
TheGlobalEconomy.com
Sierra Leone: Faced a trade deficit of -26.81% of GDP in 2023. ?
TheGlobalEconomy.com
Haiti: Reported a trade deficit of -20.24% of GDP in 2023. ?
TheGlobalEconomy.com
Burundi: Had a trade deficit of -19.07% of GDP in 2023.
All rich, right?
Posted on 3/24/25 at 7:23 pm to Jjdoc
quote:
Tell that to families working 3 or 4 jobs to survive.
That's due to things other than the trade deficit, likely bad choices made during formative years by those people.
quote:
Sell that to towns that have been crushed due to your experiment of globalism
Freedom/capitalism, not globalism. You're exposing your leftism by changing words for emotional reactions.
As we have always said on here to Leftist economics that want to stop progress, in your ideal world we'd have saved the candlemakers and horse-drawn carriage fabricators.
quote:
Trump was reelected because people could clearly see the difference in his leadership and policies vs Bush, Romney, Obama, and Biden.
Trump was elected because white people started feeling economic stressors and wanted leftist politics to make up for their bad decisions.
Posted on 3/24/25 at 7:23 pm to FlexDawg
Huge win for the middle class….we can get cheaper Rolls but more expensive imported food. Winning
Posted on 3/24/25 at 7:24 pm to FlexDawg
Displaced gonna start keying Rolls-Royces now.
Posted on 3/24/25 at 7:26 pm to Cuz413
quote:
An older me wonders if we really have to pay higher process to have domestic products, or, if that's been a massive propaganda push by people making money hand over fist having shite made in 3 world countries.
There are studies that show prices drop. Plus we have a whole history to look at.
Posted on 3/24/25 at 7:27 pm to FlexDawg
The rebirth of America is coming soon. Data centers, manufacturing, energy production & infrastructure, resource mining
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 3/24/25 at 7:27 pm to SlowFlowPro
quote:
A trade deficit means you're rich.
It can lead to job loss, a weakened currency, increase in debt and over reliance of China during a pandemic.
Posted on 3/24/25 at 7:28 pm to BuckyCheese
Oh my..... that hurts! Lol
Posted on 3/24/25 at 7:28 pm to Jjdoc
quote:
Oh my..... that hurts! Lol
I notice you didn't reply to the post with Thomas Sowell
Now deflect to continue to avoid responding
Posted on 3/24/25 at 7:29 pm to SlowFlowPro
quote:
Freedom/capitalism, not globalism.
It's 100% globalism you clown.
That trillion dollars out of our coffers into those overseas is what is building their economies. Chinese lived in mud huts and ate dirt before we financed their growth, by buying their exports, to the point many now consider them a formidable enemy of the US.
This post was edited on 3/24/25 at 7:30 pm
Posted on 3/24/25 at 7:31 pm to SlowFlowPro
It means the country is rich... for now. Its a stain on national security (very hard to quickly ramp up non-existent factories), and in an era where the number of people trained for office work exceeds the number of office jobs, it leaves a good chunk of the population behind
Poors benefit from cheaper walmart goods, but they would be better off paying a bit more for their products and having a factory job than working the gig economy. Trade imbalance primarily benefits the top quarter
Poors benefit from cheaper walmart goods, but they would be better off paying a bit more for their products and having a factory job than working the gig economy. Trade imbalance primarily benefits the top quarter
Posted on 3/24/25 at 7:32 pm to BuckyCheese
quote:
It's 100% globalism you clown.
"Globalism" doesn't even have a definition
quote:
That trillion dollars out of our coffers into those overseas is what is building their economies.
quote:
In discussing international trade, we must always remember that it’s not a “zero-sum” game, nor is it a “winner vs. loser” dynamic. In trade, all sides wish to benefit from the agreement, or it wouldn’t make sense to continue to trade, since they can just continue to do their own internal trading.
Additionally, we need to remember that all economies rise as buying increases, since jobs are created for workers to produce those additional goods and services. There is no “fixed” number of jobs. Instead, the idea of “a rising tide lifts all boats” applies as countries’ economic prosperity means an increase of jobs on all sides.
Of course, politics often gets in the way of it all. As Sowell explains:
“The basic facts about international trade are not difficult to understand. What is difficult to untangle are all the misconceptions and jargon which so often clutter up the discussion.”
LINK
Posted on 3/24/25 at 7:32 pm to SlowFlowPro
quote:
As I said last night, this means nothing. Talking points for simpletons.
A trade deficit means you're rich.
"Having trillions taken from you means you're rich."
What?
No way...
This post was edited on 3/24/25 at 7:33 pm
Posted on 3/24/25 at 7:32 pm to SlowFlowPro
quote:
at the same time believe running a nearly $1 trillion trade imbalance is beneficial to the nation,
As I said last night, this means nothing. Talking points for simpletons.
A trade deficit means you're rich.
More MMT nonsense .
Trade deficits don't matter until the world doesn't want your bonds/securities...... what the world won't buy simply add it to the Fed balance sheet (around $7 trillion) and debase the currency.
Yes, if a $1 trillion dollar trade deficit is a sign of a robust US economy we should offshore all US industrial production and any other sector of the US economy that will help build a bigger trade deficit.
Posted on 3/24/25 at 7:32 pm to SlowFlowPro
quote:
As I said last night, this means nothing. Talking points for simpletons. A trade deficit means you're rich.
It does unless you are sporting a 37 trillion debt. You are smarter than this.
Posted on 3/24/25 at 7:32 pm to SlowFlowPro
quote:
That's due to things other than the trade deficit, likely bad choices made during formative years by those people.
My comment had nothing to do with trade deficit and everything to do with your USA hating rhetoric that tariffs equals Marxism and the USA founders were Marxists.
quote:
Freedom/capitalism, not globalism. You're exposing your leftism by changing words for emotional reactions.
Your form of trade is globalization. It's a redistribution of wealth. Those towns and cities were once flourishing. That money left and went to China to make them wealthy.
quote:
Trump was elected because white people started feeling economic stressors and wanted leftist politics to make up for their bad decisions.
Just a fricking idiot! That's all you are.
Posted on 3/24/25 at 7:33 pm to SlowFlowPro
quote:If it's anything like the first term, corporations announce "plans" hoping for an exemption. Had two solar clients that tried this. Neither built isht.
As I said last night, this means nothing. Talking points for simpletons.
Posted on 3/24/25 at 7:33 pm to GeauxBurrow312
quote:
Poors benefit from cheaper walmart goods, but they would be better off paying a bit more for their products and having a factory job than working the gig economy. Trade imbalance primarily benefits the top quarter
There is current a huge demand for skilled labor in the US.
Posted on 3/24/25 at 7:34 pm to trinidadtiger
quote:Tariffs and protectionism are 80's democrat issues.
Here is the argument from leftist economists......
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