Political Wrinkles  

Go Back   Political Wrinkles > General Forum > Opinions & Editorials
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Opinions & Editorials Discuss Possibly Trump’s stupidest tweet ever at the General Forum; No, no, no. Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 08-16-2018, 08:08 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 87,328
Thanks: 56,908
Thanked 26,776 Times in 19,233 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Possibly Trump’s stupidest tweet ever




No, no, no.

Quote:
Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”
Quote:
Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Quote:
Nothing … can be more absurd than this whole doctrine of the balance of trade, upon which, not only these restraints, but almost all the other regulations of commerce are founded.

When two places trade with one another, this doctrine supposes that, if the balance be even, neither of them either loses or gains; but if it leans in any degree to one side, that one of them loses and the other gains in proportion to its declension from the exact equilibrium. Both suppositions are false. A trade which is forced by means of bounties and monopolies may be and commonly is disadvantageous to the country in whose favour it is meant to be established, as I shall endeavour to show hereafter. But that trade which, without force or constraint, is naturally and regularly carried on between any two places is always advantageous, though not always equally so, to both.
Quote:
Trump’s zero-sum economics is wrong, and as we see, harmful to America. (“From Wisconsin to South Carolina, small businesses are starting to lay off employees, and they’re citing Trump’s tariffs. Many firms have warned that the worst is yet to come.”)
Quote:
And, finally, the notion that other countries are stealing our wealth is wrong. In fact, the opposite is true. We send dollars to foreign exporters, who in turn invest in America and hire our workers. They are making the United States richer. Just ask the Department of Commerce:

Quote:
In 2013, majority-owned U.S. affiliates of foreign firms employed 6.1 million people. In addition to these direct jobs, foreign direct investment (FDI) contributes to a number of indirect jobs. However, little is known about the total number of jobs attributable to FDI in the United States. We use the United States Applied General Equilibrium (USAGE) model to estimate the total jobs attributable to FDI. We find that in addition to 6.1 million direct jobs, there are 2.4 million indirect jobs attributable to the economic activity of foreign firms and 3.5 million indirect jobs attributable to technology spillovers from foreign firms, for a total of 12 million jobs attributable to FDI in the United States.
more
__________________
I just hate to give up my Christmas spirit.
Reply With Quote
The Following 2 Users Say Thank You to saltwn For This Useful Post:
  #2 (permalink)  
Old 08-16-2018, 08:12 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 87,328
Thanks: 56,908
Thanked 26,776 Times in 19,233 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Re: Possibly Trump’s stupidest tweet ever

related article ; really good

https://www.washingtonpost.com/blogs...=.d731b71225d8
__________________
I just hate to give up my Christmas spirit.
Reply With Quote
  #3 (permalink)  
Old 08-17-2018, 11:31 AM
PW Enlightenment
 
Join Date: Mar 2009
Location: Tennessee
Gender: Male
Posts: 11,532
Thanks: 15,264
Thanked 5,347 Times in 3,425 Posts
Default Re: Possibly Trump’s stupidest tweet ever

I have never liked tariffs. And they do not get any better if they are imposed by a Republican president, rather than a Democratic president.

Possibly if they are enacted for the short-term only, they may have a beneficial effect. But I am aware of no historical instance in which tariffs, over the long term, were a good thing.

I also think it is rather odd that we are treating Canada as the enemy. (China, not so much so.)
__________________
"In his second inaugural address, [Franklin D.] Roosevelt sought 'unimagined power' to enforce the 'proper subordination' of private power to public power. He got it…"—George Will, July 8, 2007
Reply With Quote
  #4 (permalink)  
Old 08-17-2018, 12:06 PM
PW Enlightenment
 
Join Date: Apr 2013
Gender: Male
Posts: 12,866
Thanks: 10,814
Thanked 8,720 Times in 5,161 Posts
Default Re: Possibly Trump’s stupidest tweet ever

Quote:
Originally Posted by pjohns View Post
I have never liked tariffs. And they do not get any better if they are imposed by a Republican president, rather than a Democratic president.

Possibly if they are enacted for the short-term only, they may have a beneficial effect. But I am aware of no historical instance in which tariffs, over the long term, were a good thing.

I also think it is rather odd that we are treating Canada as the enemy. (China, not so much so.)
As I see it, the only group to benefit from tariffs is government. Government collects taxes, puts it in the general fund to be pissed off on somebody's pet project, and the consumer gets stuck with bill.

There are better ways to fight for balance.

For similar reasons, I don't care much for subsidies.
Reply With Quote
The Following 2 Users Say Thank You to jimbo For This Useful Post:
  #5 (permalink)  
Old 08-17-2018, 01:43 PM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 20,045
Thanks: 13,623
Thanked 14,998 Times in 8,613 Posts
Send a message via ICQ to AZRWinger
Default Re: Possibly Trump’s stupidest tweet ever

Quote:
Originally Posted by pjohns View Post
I have never liked tariffs. And they do not get any better if they are imposed by a Republican president, rather than a Democratic president.

Possibly if they are enacted for the short-term only, they may have a beneficial effect. But I am aware of no historical instance in which tariffs, over the long term, were a good thing.

I also think it is rather odd that we are treating Canada as the enemy. (China, not so much so.)
Trump imposed tariffs on Canadian goods in retaliation for their tariffs on American goods particularly dairy products.

Quote:
wall on most dairy products. The duty on milk is 270 per cent. That keeps most imports from the United States and elsewhere out of Canada, while helping to prop up higher domestic prices. One notable exception is ultrafiltered milk and other protein-rich dairy ingredients used to make dairy products such as cheese and yogurt. North American free-trade rules do not cover these ingredients, so they enter Canada duty-free. And in recent years, U.S. dairies have developed a booming business selling these low-cost products to dairies in Canada ($133-million last year). That all changed about a year ago, when Canadian dairy farmers and producers moved to close the breach in the tariff wall with a new "ingredients strategy." They persuaded regulators to create a new lower-priced class of industrial milk as an incentive to get dairies to produce protein substances in Canada
https://www.theglobeandmail.com/repo...ticle34802291/

As promised Trump sees a bad deal for the US he takes action to rectify it. As compelled by their zealotry, the critics condemn him for it. The Canadians have been actively imposing a tariff wall for US dairy products for years before Trump became President but the inaction by previous administrations is ignored.

Given the retaliatory tariff regime imposed by the Chinese government it is difficult to see how they are not being treated as harshly as Canada.
__________________
If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.
Reply With Quote
The Following User Says Thank You to AZRWinger For This Useful Post:
  #6 (permalink)  
Old 08-17-2018, 01:56 PM
GetAClue's Avatar
PW Enlightenment
 
Join Date: Jan 2011
Location: Northern Ohio
Gender: Male
Posts: 8,354
Thanks: 12,286
Thanked 8,999 Times in 5,104 Posts
Default Re: Possibly Trump’s stupidest tweet ever

Tariffs in and of themselves, generally do nothing but raise prices for consumers and help to perpetuate trade wars.

However, if tariffs are used as simply one component in the "Toolset" in regards to negotiating better trade deals with foreign governments, then they could to prove to be beneficial. But to use them to protect domestic industries, does nothing but promote less efficient means of production and increased costs to the consumers.

Free trade works best when it is free between all parties. If one side is imposing tariffs or subsidizing specific industries at the expense of free trade, that should not be accepted by either party. And tariffs seem to be the tool used to break such practices.
__________________
To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

A lie doesn't become truth, a wrong doesn't become right, and Evil doesn't become good, just because it is accepted by the majority. - Booker T Washington
Reply With Quote
The Following 3 Users Say Thank You to GetAClue For This Useful Post:
Reply

Tags
ever, possibly, stupidest, trump’s, tweet

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 03:36 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2022, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0