Happy Liberation Day

[Thinker101]

Is Russia on the tariff list?
How about Canada and Mexico?

Russia’s exclusion was that economic sanctions imposed on the country following its 2022 invasion of Ukraine already “preclude any meaningful trade.”

The value of U.S.-Russia trade has fallen from around $35 billion in 2021 to $3.5 billion as of last year due to those sanctions. Don't you fricken clowns pay attention?

 

[g5000]

Why do we have a trade deficit?

Because we are the wealthiest nation in the world. That means we consume more than the nations we trade with.

A trade deficit also supports our standing as the world's reserve currency.

 

[Mac-7]

Why do we have a trade deficit?

Because we are the wealthiest nation in the world. That means we consume more than the nations we trade with.

Former Chrysler CEO Lee Iacocca once said something very profound about manufacturing

It was in the mid ‘70’s and he opined that “we have to make things in America”

“If trends continue someday you and I will be sitting here selling insurance to each other”

America needs fewer illegal migrants and more manufacturing jobs for American workers

Former Chrysler CEO Lee Iacocca has died at age 94

He was an auto executive who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later.

apnews.com

 

[g5000]

HAPPY LIBERATION DAY!!!

 

[forkup]

But we are consuming what other countries produce because we no longer make things like textiles or washing machines or electronic devices. The loss leaders in todays market are Amazon, Nike, Apple, Walmart, Cosco and others who depend heavily on products made in other countries.

Again maybe Trump will fail in bringing manufacturing back to the USA so that we are not dependent on other countries that do not have our best interests in mind at all. It is dangerous that we are so dependent on those other countries for many products like ingredients in pharmaceuticals that we do not make in the USA. So I will give him every good thought to succeed. All honorable Americans should do that.

Trade is in everybody's interest. These products that aren't produced in the US are also cheaper to manufacture, creating material wealth for the consumer. And this interdependency that you have a problem with also create a situation that makes actual war a (too) costly endeavor.

I'm sorry but if you want to have all the nice things, you will also have to realize that in order to have these nice things you need to trade with the world. That is a fact of live. Autarky (the idea of self-sufficiency) is an idea that has never worked and always results in war for those who want to achieve it.

 

[g5000]

America needs fewer illegal migrants and more manufacturing jobs for American workers

See post 48, 53, and especially post 65.

You are being suckered.

 

[rightwinger]

Former Chrysler CEO Lee Iacocca once said something very profound about manufacturing

It was in the mid ‘70’s and he opined that “we have to make things in America”

“If trends continue someday you and I will be sitting here selling insurance to each other”

America needs fewer illegal migrants and more manufacturing jobs for American workers

Former Chrysler CEO Lee Iacocca has died at age 94

He was an auto executive who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later.

apnews.com

In the 70s those assembly lines were lined with UNION workers earning a good wage.

Any new manufacturing in the US will be automated with robots doing the work that used to be performed by those Union workers

 

[Mac-7]

Any politician who tell you they are going to bring back coal jobs and manufacturing jobs is lying to you, and they are deliberately keeping you ignorant.

The days of growing up to work in your daddy's factory are long gone. We need to retool our education system for the jobs of tomorrow, not the jobs of yesterday.

Sadly, the New Right has no ******* clue how to retool our education system. So they tear it down instead to keep the rubes fat and stupid.

Read this: https://economics.mit.edu/files/12763

Between 1993 and 2007, every new robot replaced between 3 and 5.6 workers.



http://conexus.cberdata.org/files/MfgReality.pdf

"Almost 88 percent of job losses in manufacturing in recent years can be attributable to productivity growth, and the long-term changes to manufacturing employment are mostly linked to the productivity of American factories.”



Gone, baby, gone. Those jobs are not coming back. Ever. Anyone who promises you they are is a ******* criminal liar.

Even robots have to be designed and manufactured by humans

We should make sure that happens in America

And having gone that far why not locate the factories on America instead of china?

 

[g5000]

WHEEEEEEEEE!

 

[g5000]

Even robots have to be designed and manufactured by humans

We should make sure that happens in America

And having gone that far why not locate the factories on America instead of china?

You didn't read post 65, and I said ESPECIALLY post 65.

That IS a factory in the US.

88 percent of lost manufacturing jobs didn't go to China. They are EXTINCT and NEVER coming back. Anywhere!

 

[Mac-7]

In the 70s those assembly lines were lined with UNION workers earning a good wage.

Any new manufacturing in the US will be automated with robots doing the work that used to be performed by those Union workers

Unions can be good or bad

When the union is too powerful its just as harmful as when they are weak

See post #168

 

[Foxfyre]

You know why the US has such a large trade deficit? It is the biggest economy in the world. Requiring more imports than other countries.

As for it being some kind of piggy bank. It has advantages in global trade that no other countries have. The dollar for instance is the world reserve currency. Meaning that it can borrow money at reduced interest rates. Fueling the economy. Trade isn't some zero-sum game.

The U.S. economy cannot sustain 1.5 trillion dollar annual trade deficits indefinitely and remain and world economic power.

 

[Marener]

We’ll see about that.

It’s a bizarre and nonsensical gamble, and if he’s wrong Trump pays no price.

He’s playing with our future, not his.

 

[Mac-7]

You didn't read post 65, and I said ESPECIALLY post 65.

That IS a factory in the US.

88 percent of lost manufacturing jobs didn't go to China. They are EXTINCT and NEVER coming back. Anywhere!

I did see #165

Is your argument that since automated assembly lines reduce the number of workers needed why not go whole hog and move all the production to china?

 

[Marener]

The U.S. economy cannot sustain 1.5 trillion dollar annual trade deficits indefinitely and remain and world economic power.

Why not?

 

[dblack]

The Senate just passed Rand Paul's bill to block Trump's tariffs on Canada

Just hours after President Donald Trump announced massive new tariffs on nearly all imports to the United States, a bipartisan group of senators made the

reason.com

 

[g5000]

Even robots have to be designed and manufactured by humans

A handful of people make robots which replace thousands of manufacturing workers.

As I said, manufacturing jobs are extinct, and anyone who holds out hope is a liar or an idiot.

90 percent of Americans were in agriculture in 1790. Today, only 2 percent are in agriculture, yet we produce more food than ever. We feed the entire planet.

What would you make of a politician who promised to "bring back farming jobs"?

He's an idiot, right?

Not only an idiot, such a person would be holding America back.

Just so with manufacturing. We make more stuff today than in all of history, with less workers.

Trump is liar AND an idiot.

 

[g5000]

Even robots have to be designed and manufactured by humans

We should make sure that happens in America

And having gone that far why not locate the factories on America instead of china?

McKinsey: automation may wipe out 1/3 of America’s workforce by 2030

 

[forkup]

The U.S. economy cannot sustain 1.5 trillion dollar annual trade deficits indefinitely and remain and world economic power.

Not if the rest of the world refuses to buy treasury bonds. Something they do because the dollar represents the largest economy in the world, and a situation Trump is doing its utmost to stop.

The fact of the matter is that US debt is fueled by the promise of a stable, large and reliable US economy. Take that away and the whole house of cards that is the US economy (and the worlds) collapses in a way that will make the great depression look like a picknick.

 

[Mac-7]

It’s a bizarre and nonsensical gamble, and if he’s wrong Trump pays no price.

He’s playing with our future, not his.

Yes its risky in the short run because prices will go up, along with unforeseen consequences

And some people will be hurt by the change

Which could cost repubs control of congress in 2026

But there is also much to be gained for everyone over time