g5000
Diamond Member
- Nov 26, 2011
- 131,974
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No, what is going to happen is existing small businesses here are going to go bankrupt.I will gladly pay a small percentage higher in the short term to get better trade deals and return some amount of manufacturing back here in the long run.
Trump's idiotic far left protectionist tariffs cost Americans $34 billion a year, eliminated 300,000 jobs, and cost taxpayers $22 billion in rescue subsidies for farmers.
Talk about a self-inflicted gunshot to the face!
Our farmers already are suffering just like they did during Trump's first far left tariff war. Another taxpayer bailout for this new idiotic trade war is already in the works for farmers again.
Another result of Trump's far left protectionism was we ended up with a record high trade deficit with China! Our trade deficit with Mexico also increased.
Did your propagandists inform you of this?
Didn't think so.
Trump 1.0:
‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back
The trade bailout has now spanned three years and surpassed $23 billion, even though it was never appropriated by Congress. Instead, the money was funneled through USDA’s Commodity Credit Corporation, a Depression-era agency that can borrow from the U.S. Treasury to stabilize the farm economy.
Insanity: Doing the same thing over and over, expecting a different result.
Also, you are really naive if you think manufacturing will return. You want to know why?
Because we live in a plutocracy.
Tim Cook bribed Trump with a million dollars, literally.
And guess which company Trump has exempted from his tariffs.
Apple.
Wake up, son.
Apple CEO Tim Cook donates $1 million to Trump inauguration
Apple regains $3 trillion market cap after Trump exempts tariffs on iPhones
Three trillion dollars. That's quite a return on Cook's one million dollar investment!
It's all relative.All of you act like the only thing that matters is prices don't rise, even though the largest reason for low prices is the use of SLAVE LABOR. You know - something you all are supposed to give a damn about.
A starving Bangladeshi's life is vastly improved by what we would consider a low wage job making T-shirts.
As I have explained countless times, when communism collapsed, China and India were forced to recognize that a market economy was better than their centrally planned economies.
This resulted in two billion workers entering the world's labor market.
So of course wages were going to be flatlined globally for a while.
But once that egg is through the snake, they will become consumer economies and wages will once again rise.
Basic economics.
Those two billion people have greater economic freedom than they had before!
This is a huge success story for capitalism, not a failure.
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