This economic policy and the tariff is all from the man who BANKRUPTED A CASINO!!!!!

We are ruled by the dumbest people on the planet:

The guy is a low-IQ, orange goofball. What did we expect? We reap what we sow.

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Anonymous wrote:Started:

Going:

Guess Dems were right all along. Yeah.

I posted a few days ago either here or in the 47 Economy thread - it BOGGLES my mind that Wall Street bigwigs were so all in for Trump this time without at all noting the giant risk that he would, you know, implement the policies he spent all of his rallies talking about. Tariffs were his only economic plan.

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Anonymous wrote:

Anonymous wrote:By a vote of 51-48, the #Senate passed S. J. Res. 37, a joint resolution terminating the national emergency declared to impose duties on articles imported from Canada.

GOP Senators Collins, McConnell, Murkowski, and Paul voted in favor. Not voting: Marshall.

What does that mean for someone who is from Canada?

Today is the first time I have seen our government do something to help US workers.

How sad is that.

And so many urban elites are losing their mind over expensive iPhones.

What about Biden's executive order requiring government contractors to pay a $15 minimum wage to their workers that would increase every year? It was at $17.75 when Trump rescinded last month.

Anonymous wrote:The US imports Nickel and Vanilla from Madagascar - not stuff you can grow/mine everywhere and particularly not in the US.

The US doesn't export much because the average income there is $510 per year.

Because Trump’s Tax is based on trade deficit, not tariffs, the US is now slapping a 90% tariff on Madagascar.

I am not even sure why they would want to sell to us anymore.

These tariffs are going to wind up screwing the food industry, specifically bakeries isn’t it?

Anonymous wrote:

Anonymous wrote:I'm so depressed.

I never really thought it could get to this point. I never voted for this blob but I did have faith we could weather the storm to come

It's been less than 90 days and we are already here. I'm not sure anymore that there is the ability to get through the damage as there is in hoping for mercy in the new world order to come!!!

It really truly affects all of us, rich and poor.

It affects lower incomes disproportionately. The price of a Honda accord is a much bigger chunk of HHI when you are making 75k vs 3 million. Tariffs are a tax disproportionately borne by the poor. It’s an inverse progressive income tax. Trump will convince congress to cut taxes, while disguising taxes on the poor as “liberty tariffs” or whatever bs he is calling it.

Why haven't other countries realized this?
The price paid for a Corolla is over $50k in many countries.

The US imports Nickel and Vanilla from Madagascar - not stuff you can grow/mine everywhere and particularly not in the US.

The US doesn't export much because the average income there is $510 per year.

Because Trump’s Tax is based on trade deficit, not tariffs, the US is now slapping a 90% tariff on Madagascar.

I am not even sure why they would want to sell to us anymore.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone explain what Trump voters like about this? I truly don't understand. Why would anyone want this?

Increasing the cost of imports will decrease the amount of imports we buy, and will make locally produced products more competitive.

Maybe Democrats should have focused on policies that US voters want.

Like mandate e-verify, which Democrats refuse to do

It sounds so simple, but it does not happen so easily. First, there are not enough or any locally produced products that can replace imports, depending on the import. In order to spur manufacturing, the U.S. has to have a policy in place that lubricates the runway for production.

If I asked you to start making toaster ovens tomorrow, how would you even start? You need capital, you need expertise, you need to build a factory, you need employees, you need investors.
And importantly, you need parts, like light bulbs, heating elements, circuits, glass, etc - which you could have imported from Asia, but now you have to manufacture them yourself, or wait for the U.S. light bulb factory to get up and running. Otherwise your toaster oven will be more expensive than the one imported from taiwan, even with the tariff.

The revenue from the tariffs will not be enough to subsidize factories.

The only way that tariffs might help a nascent industry is if they are targeted and if there is a clear plan to start an industry. In S Korea, Hyundai wanted to make cars and the government supported this because, at the time, S Korea was still developing their economy. They bought a bunch of cars from ford so they could study them, went beyond tarrifs and outright banned foreign car imports, forcing Koreans to drive local cars even though they would rather be driving Mercedes and bmw’s. I’ll add that they started in the 1960’s and managed to produce their first car in 1975. And then survived the disaster that was the Hyundai excel, before finally becoming a respected manufacturer in the 90’s/2000’s. So it took 35-40 years.

But that is not what is happening with trump’s crude, scatter shot, blow it all up strategy.

The administration dismantled the federal office that coordinates this.

Anonymous wrote:Started:

Going:

Guess Dems were right all along. Yeah.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Pence supporter but I might be now. I respect his courage for posting against R doctrine.

This isn’t R doctrine! It’s crazy Trump doctrine.

No, it’s Republican doctrine. Trump is the Republican Party. The Republican Party is Trumpism. There is no daylight. Have you not seen Congress? Sorry if you want to say you are a republican and you don’t like Trump. There’s no daylight between the two.

Oh I am very much not a Republican. Never have been. But Republicans were free traders for my entire life until this weirdo came along and enveloped all of them in his innumerate cult.

Got it. Well, the Republican Party is no longer the party of free trade, lower deficit, smaller government. Honestly, not sure if they ever really were. They’ve always been the party of racist. They just packaged it differently. But now they are the party of racist and nihilists.

X1000 so sick of that narrative

Anonymous wrote:

Anonymous wrote:Can someone explain what Trump voters like about this? I truly don't understand. Why would anyone want this?

Increasing the cost of imports will decrease the amount of imports we buy, and will make locally produced products more competitive.

Maybe Democrats should have focused on policies that US voters want.

Like mandate e-verify, which Democrats refuse to do

It sounds so simple, but it does not happen so easily. First, there are not enough or any locally produced products that can replace imports, depending on the import. In order to spur manufacturing, the U.S. has to have a policy in place that lubricates the runway for production.

If I asked you to start making toaster ovens tomorrow, how would you even start? You need capital, you need expertise, you need to build a factory, you need employees, you need investors.
And importantly, you need parts, like light bulbs, heating elements, circuits, glass, etc - which you could have imported from Asia, but now you have to manufacture them yourself, or wait for the U.S. light bulb factory to get up and running. Otherwise your toaster oven will be more expensive than the one imported from taiwan, even with the tariff.

The revenue from the tariffs will not be enough to subsidize factories.

The only way that tariffs might help a nascent industry is if they are targeted and if there is a clear plan to start an industry. In S Korea, Hyundai wanted to make cars and the government supported this because, at the time, S Korea was still developing their economy. They bought a bunch of cars from ford so they could study them, went beyond tarrifs and outright banned foreign car imports, forcing Koreans to drive local cars even though they would rather be driving Mercedes and bmw’s. I’ll add that they started in the 1960’s and managed to produce their first car in 1975. And then survived the disaster that was the Hyundai excel, before finally becoming a respected manufacturer in the 90’s/2000’s. So it took 35-40 years.

But that is not what is happening with trump’s crude, scatter shot, blow it all up strategy.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Pence supporter but I might be now. I respect his courage for posting against R doctrine.

This isn’t R doctrine! It’s crazy Trump doctrine.

No, it’s Republican doctrine. Trump is the Republican Party. The Republican Party is Trumpism. There is no daylight. Have you not seen Congress? Sorry if you want to say you are a republican and you don’t like Trump. There’s no daylight between the two.

Oh I am very much not a Republican. Never have been. But Republicans were free traders for my entire life until this weirdo came along and enveloped all of them in his innumerate cult.

Got it. Well, the Republican Party is no longer the party of free trade, lower deficit, smaller government. Honestly, not sure if they ever really were. They’ve always been the party of racist. They just packaged it differently. But now they are the party of racist and nihilists.

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