Toddsterpatriot
Diamond Member
These benefits far exceed the economic detriment of USA’s increased import prices.
You still can't prove it.
Crude oil is not germane to a discussion of Import Certificate policy.
Crude oil imports are a large part of our trade deficit.
$126 billion last year. How can such a line item not be germane?
ToddsterPatriot, it’s a fact due to the definition of GDP and the conventionally accepted formula that describes the extent of a nation’s annual GDP, that trade deficits are detrimental to their nation’s annual GDP regardless of whatever was the amount of the nation’s GDP during any given year.
Refer to this thread’s 11:54 AM, December 210, 2016 post.
You’re contending that a nation’s lesser GDP than otherwise isn’t reflected by their lesser numbers of jobs than otherwise?
To critique Import Certificates or anything else, it’s advisable to be knowledgeable of your subject
Crude oil is not germane to a discussion of Import Certificate policy because the Import Certificate proposal is explicitly not applicable to crude oil.
Respectfully, Supposn
ToddsterPatriot, it’s a fact due to the definition of GDP and the conventionally accepted formula that describes the extent of a nation’s annual GDP, that trade deficits are detrimental to their nation’s annual GDP regardless of whatever was the amount of the nation’s GDP during any given year.
I know the damn formula for GDP.
You’re contending that a nation’s lesser GDP than otherwise isn’t reflected by their lesser numbers of jobs than otherwise?
You're contending that eliminating oil imports, which would reduce our trade deficit, would be good for jobs and GDP?
the Import Certificate proposal is explicitly not applicable to crude oil.
Crude is exempt?