Is that Dumb bo?
Listen up stupid! The tariffs were the only way this would have to go. The Damdemocrats don't understand that giving away our jobs has really hurt America: and you know it.
The fucking chinks go not play by the same economic plans as the US. The Demcraps keep yelling about how we should tax "big business" and give the money to the poor. What crap.
I will give you one example: it is steel. The steel plants that the US had have gone down the tubes thanks to China. In China the built modern steel plants when they had none. They sold the steel to the US for less money than we could make it, and the government did nothing about it except raise the taxes that help put the mills out of business: the Damdemocrates were the cause of this.
Wait you idiots say; if they could make it cheaper, than why not buy from China: They didn't make it cheaper, they sold it for cheaper than they could make it because the Government of China gave them the money. The mills could operate at a loss because the government owned the mills.
Why would they do that? Because they could, and they got the jobs for their people.
Why should the US Government have suplimented, or given the steel mills the tax incentives to modernize the factors? The loss of the US steel mills has cost this country greatly. Basic manufacturing payroll is worth much more than the McDonalds Burger Fliping payroll because the payroll of manufacturing turns over much more than other types of payroll.
For example: The steel worker takes his check and spends it on food, clothing, eating out, a new car and ect. That money becomes, in part, the wages of the grocery clerk, the barber, the school teacher and etc. Got it? The wages of manufacturing turns over at least ten times, some economists say more. Each time it is taxed, and the Government makes money on the same payroll at least ten times.
Originally Posted by JRLawrence
Trump came up with three solutions to this problem, two of which are spot on and the third of which is dead wrong. Cutting the corporate tax and deregulation have put American companies back on a level playing field.
The tariffs on the other hand don't make a lot of sense. I don't know enough about steel to argue with you on that. It could be that we have massive unused capacity in steel making and our steel makers won't use tariffs to make out-sized profits. It could be that our trading partners haven't retaliated, reducing their imports of items that we produce the most efficiently. It could be that we could manufacture steel just as efficiently as foreigners if not for government subsidies to their steel industries. I kind of doubt all this. Usually, tariffs are what crony capitalists and labor unions use to shelter themselves from competition, so they never become lean, mean competitors.
With respect to the industries I know something about, Trump's strategy has been dead wrong. I gave an example for electronic manufacturing services higher in this thread. I'd add that if Trump's main goal was to make it where U.S. companies would be treated fairly by the Chinese, he shouldn't have abandoned the Trans Pacific Partnership. And he should have been working with the Europeans, Mexicans, Canadians and Japanese to make China play by everyone else's rules, instead of imposing steel and aluminum tariffs on them and threatening to impose tariffs on their exports of autos.
I get your steelworker / Burger King analogy. Still, when you've unemployment at all time lows, I don't understand how this helps. The forecasts I've read about all say the tariffs are going to cost hundreds of thousands of jobs.
Historically, more Democrats have supported tariffs, while more Republicans have supported free trade. Trump's on the side of the Democrats, like Chuck Schumer, Bernie Sanders and Elizabeth Warren, on this one.