- Sep 16, 2012
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Did you even watch or listen to the entire podcast? Or do you just bleev pundits?
It bugs the shit outta me, that the biased media and Kamala keep on scare mongering over the right's desire to end the IRS and the manipulative policies of the FED.
Trump’s Most Misunderstood Policy Proposal
Economists aren’t telling the whole truth about tariffs.
www.theatlantic.com
". . . Manufacturing drives innovation. As the McKinsey Global Institute has noted, the manufacturing sector plays an outsize role in private research spending. When manufacturing heads offshore, entire supply chains and engineering know-how follow. The tight feedback loop between design and production, necessary to improvements in both, favors firms and workers positioned near the factory floor and near competitors, suppliers, and customers. And the rudimentary matters as well as the advanced: When Apple tried to make its high-end Mac Pro in Texas, the effort foundered on a paucity of screws.
Production in the physical economy, whether manufacturing or agriculture or resource extraction, also has an outsize effect on economy-wide productivity growth. It anchors local economies in a way that personal services cannot. It preserves economic balance, so that trade is genuinely trade, instead of a lopsided exchange of cheap goods for financial assets.
Contrast economists’ disdain for tariffs with their enthusiasm for carbon taxes. Taxing carbon would make many things more expensive for consumers, but economists embrace it as an elegant way to reduce emissions. Imposing a cost on a category of economic activity cannot be inherently foolish in one case (tariffs) and brilliant in another (carbon taxes). The question must be whether imposing that cost would be worth the benefits that it brings. . . "
". . . Mexico has seen a surge in investment announcements from both Chinese and western auto manufacturers, including from Tesla Inc. But Tesla’s planned mega-factory was put on pause in July, pending the US election outcome. Republican nominee Trump, who Tesla Chief Executive Officer Elon Musk has endorsed, has repeatedly threatened to hit products made in Mexico with tariffs.
Tesla had announced plans to build the plant in the northern state of Nuevo Leon, with an estimated investment of $10 billion over several phases.
Mexico could be one of BYD’s key overseas production sites, along with plants that it’s currently building or already operating in Brazil, Hungary, Turkey and Thailand. Like other big Chinese automakers, Shenzhen-based BYD is increasingly seeking to localize production to avoid punitive tariffs that governments around the world are starting to levy on imported electric cars and plug-in hybrid vehicles from Asia’s biggest economy.
While BYD has previously said any cars built in Mexico would be for local consumption, the prospect of exporting its affordable range of EVs to a huge auto market like the US would be tantalizing. . . "
