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Reply to "Official 1st Presidential Debate Thread"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] The world is not run by fairness. It is run by what cards you have to play and CHINA holds all the cards. If you read any history china was the worlds largest economy until about 1800s. You know what collapsed their economy. They couldn't compete with slave labor and their products became pricier. And they thought they can win by closing their border. They have learned their lesson well. They are using their low wage to their advantage just as the USA used free slave labor to their advantage. In the world of competitive advantages, you need to have big cards to play and win. US is a small market and that is a huge weakness and to offset this you need NAFTA and TPP to isolate huge markets like China. [/quote] US is a small market? According to who? Your wishful thinking doesn't count. Here's a ranking of consumer spending power and tell me again that US is a small market and that China is huge. https://en.wikipedia.org/wiki/List_of_largest_consumer_markets [/quote] We can consume the most because the products we buy are relatively cheap (because they are made in countries with cheaper labor), and our tax rates compared to other economic power houses are relatively low (Europe. Canada, etc..). If you force manufacturers to come back the prices for those products will rise dramatically. Who will buy them? We certainly won't be able to export them. You may think that more people will buy those products because they now have jobs, but it doesn't work that way in real life. Wages *never* keep up with inflation. I recall decades ago when milk was cheaper than soda. We didn't buy much soda. Now, soda is much more cheaper, so guess what the lower income people buy more of? If the price of food and other consumer goods go up drastically, it's not the wealthy people like Trump who will suffer the most. It will be the middle/lower income folks - veterans and senior citizens who live on fixed income.[/quote] Again I implore you to actually research the data before talking about things which you obviously have little experience with. On the net, the US imports half a trillion dollars more of goods than it exports. This is a small fraction of the total 11.5 trillion dollars of US consumer spending on goods and services, and therefore "cheap foreign goods" does not explain why the US consumer market is well over 3x larger than that of China. It is simply laughable to call the US "small" while claiming that China at 1/3rd the size, is "huge". With regards to wages vs inflation, looks like wages have outpaced inflation: https://www.ssa.gov/policy/docs/policybriefs/pb2011-02c1.gif We can have disagreements, but let those disagreements be based on facts and not fantasy. [/quote]
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