Our "friends and neighbors" put us through this for reasons they cannot explain. So don't debate them; they'll just lie to you. Whatever happens is on them.
Enjoy explaining the supposed long-term benefits of crashing the stock market and giant price-hiking tariffs at the same time as it happens in real time. And I will specifically hold you, personally accountable in public. Like I said, a farce. All gonna be on you. Trump didn’t do anything in his term to change Obama policy except giant rich people tax cut, so any good stat from the early days is Obama’s stat. This time crashing stock market and jacking up prices will be *his* change and he will own it — as will you. I will just put my money in cash and rise it out in home I own mostly free and clear because I’ve worked hard and leaved within my means and been responsible my entire life. I’ll be telling you that you did it to yourself. And you’ll still blame everybody else.
Ricardian Free Trade Theory has nothing to do with offshoring jobs. America cannot continue to export jobs to the rest of the world, while they sell the finished merchandise back into the country. The wage stagnation alone will cost US workers more than the tariff. Trump lowering the corporate tax on tradeable goods has some enforcement issues accounting wise, but it IS the right solution. Lowering corporate taxes across the board further will cost the government revenue. The Federal Government has to get money from somewhere. But lowering the tax on Tradeable goods makes our exports more competitive. Countries that run a massive trade surplus with the United States would not be wise to enter a trade war. Much better to cut a deal that benefits both sides. The US is a continental power. We could produce almost everything we need right here. Obviously we don't want to do that, but we could. Your economic model of high immigration and massive offshoring of jobs would put the stagnant and falling wages that Americans have experienced since 1970 into overdrive. Under Trump REAL WAGES increased 8%. Under Biden they have fallen 5%. Great for Capital in the short run. Until the American consumer finally rolls over for good.
Or more likely, he will chicken out and just keep doing a pro-monopoly form of Bidenomics, which has worked better post COVID than any other global economy. I think this is prolly most likely. Then I will
Well he didn't chicken out last time. He pursued a policy of Tariffs combined with Bi-lateral negotiation and restricted Immigration. I think I do know what your policy is because you just wrote it down. You think that Tariffs will raise prices and that' why people should not vote for Trump. Also, the Biden/Harris administration has allowed millions of unskilled illegal aliens into the country which drives down wages. Supply and Demand is an iron law of economics. We have experience falling wages under high immigration and unmanaged trade for many years. When Trump tried something different if worked. 8% increase in real wages. When we went back to the Same old same old, we got the same old same old. Falling wages. 5%. The problem is that economists are trying to use Ricardian Free Trade Theory to justify offshoring. I'm positing that there is a distinction in Natural competitive advantage such as growing grapes in Italy and global corporations looking for the lowest common denominator possible in wages. One is beneficial to everyone. The second is detrimental to everyone except Upper Management in these Global Corporations They even divert much of the advantage that might accrue to shareholders to themselves. . Now, based on past history you're going to say something uncharitable and believe that invalidates what I just said.
That was Obama’s wage increase. One tiny steel tariff was insignificant. If you were an honest man, you would admit that Biden’s anti-monopoly Lina khan, who Trump wants to fire, has done more to enrage corporate America in both parties than anything Trump did. Trump governed like a very obnoxious Democrat economically until he kneeled down to Paul Ryan and the giant tax cuts for the owners of concentrated capital. Biden administration has been much more America First than Trump ever thought about being. Just not stupidly. You want to fire Lina Khan and go pro-monopoly? I basically never talk about immigration — so you’re just lying. Lying is not becoming to you. I’d prolly sign the big immigration law.
And you are the *only* Trumper I know who actually cares about Ricardian trade theory or tariffs. So at least there’s that — you’re not sitting around talking about genitals all
LOL. Well, you're right about a couple of things. Trump governed too much like a standard conservative for my taste the first time around. However, in his defense, he had to make some deals with the devil to stay in office thanks to Lindsay Graham and such hanging a sword of Damocles over his head. in Public no less. Second, Tariffs will result in higher prices short run. I believe that the befits outweigh the costs however., but you're right about increased prices. Third, Biden has done some good things. I just think Trump is a better all around choice than the Democrats. To ME the Democrats look incredibly corrupt plus many of them are Leftist ideologues AND they're crooks. The Republicans are mostly just crooks. You think Trump is a crook doing this for the money. I don't think so. He's lost a lot of money doing this, he's been convicted in a Kangaroo court, and almost shot at least twice. But I'm not going to convince you on Trump. Let's stick to the economics where I think we have some common ground despite wide disagreements on some things.
Enjoy explaining the supposed long-term benefits of crashing the stock market and giant price-hiking tariffs at the same time as it happens in real time. And I will specifically hold you, personally accountable in public. Like I said, a farce. All gonna be on you. Trump didn’t do anything in his term to change Obama policy except giant rich people tax cut, so any good stat from the early days is Obama’s stat. This time crashing stock market and jacking up prices will be *his* change and he will own it — as will you. I will just put my money in cash and rise it out in home I own mostly free and clear because I’ve worked hard and leaved within my means and been responsible my entire life. I’ll be telling you that you did it to yourself. And you’ll still blame everybody else.
Ricardian Free Trade Theory has nothing to do with offshoring jobs. America cannot continue to export jobs to the rest of the world, while they sell the finished merchandise back into the country. The wage stagnation alone will cost US workers more than the tariff. Trump lowering the corporate tax on tradeable goods has some enforcement issues accounting wise, but it IS the right solution. Lowering corporate taxes across the board further will cost the government revenue. The Federal Government has to get money from somewhere. But lowering the tax on Tradeable goods makes our exports more competitive. Countries that run a massive trade surplus with the United States would not be wise to enter a trade war. Much better to cut a deal that benefits both sides. The US is a continental power. We could produce almost everything we need right here. Obviously we don't want to do that, but we could. Your economic model of high immigration and massive offshoring of jobs would put the stagnant and falling wages that Americans have experienced since 1970 into overdrive. Under Trump REAL WAGES increased 8%. Under Biden they have fallen 5%. Great for Capital in the short run. Until the American consumer finally rolls over for good.
Or more likely, he will chicken out and just keep doing a pro-monopoly form of Bidenomics, which has worked better post COVID than any other global economy. I think this is prolly most likely. Then I will
Mock you for that too.
Also “my economic” model is it anything like you say it is, so take my beliefs out your mouth if you don’t bother to know them
Well he didn't chicken out last time. He pursued a policy of Tariffs combined with Bi-lateral negotiation and restricted Immigration. I think I do know what your policy is because you just wrote it down. You think that Tariffs will raise prices and that' why people should not vote for Trump. Also, the Biden/Harris administration has allowed millions of unskilled illegal aliens into the country which drives down wages. Supply and Demand is an iron law of economics. We have experience falling wages under high immigration and unmanaged trade for many years. When Trump tried something different if worked. 8% increase in real wages. When we went back to the Same old same old, we got the same old same old. Falling wages. 5%. The problem is that economists are trying to use Ricardian Free Trade Theory to justify offshoring. I'm positing that there is a distinction in Natural competitive advantage such as growing grapes in Italy and global corporations looking for the lowest common denominator possible in wages. One is beneficial to everyone. The second is detrimental to everyone except Upper Management in these Global Corporations They even divert much of the advantage that might accrue to shareholders to themselves. . Now, based on past history you're going to say something uncharitable and believe that invalidates what I just said.
That was Obama’s wage increase. One tiny steel tariff was insignificant. If you were an honest man, you would admit that Biden’s anti-monopoly Lina khan, who Trump wants to fire, has done more to enrage corporate America in both parties than anything Trump did. Trump governed like a very obnoxious Democrat economically until he kneeled down to Paul Ryan and the giant tax cuts for the owners of concentrated capital. Biden administration has been much more America First than Trump ever thought about being. Just not stupidly. You want to fire Lina Khan and go pro-monopoly? I basically never talk about immigration — so you’re just lying. Lying is not becoming to you. I’d prolly sign the big immigration law.
But hey, you may get your huge price spike coupled wirh wealth crash. I’ll keep checking in with you.
And you are the *only* Trumper I know who actually cares about Ricardian trade theory or tariffs. So at least there’s that — you’re not sitting around talking about genitals all
The time
LOL. Well, you're right about a couple of things. Trump governed too much like a standard conservative for my taste the first time around. However, in his defense, he had to make some deals with the devil to stay in office thanks to Lindsay Graham and such hanging a sword of Damocles over his head. in Public no less. Second, Tariffs will result in higher prices short run. I believe that the befits outweigh the costs however., but you're right about increased prices. Third, Biden has done some good things. I just think Trump is a better all around choice than the Democrats. To ME the Democrats look incredibly corrupt plus many of them are Leftist ideologues AND they're crooks. The Republicans are mostly just crooks. You think Trump is a crook doing this for the money. I don't think so. He's lost a lot of money doing this, he's been convicted in a Kangaroo court, and almost shot at least twice. But I'm not going to convince you on Trump. Let's stick to the economics where I think we have some common ground despite wide disagreements on some things.