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China & Tariffs

Discussion in 'In the News' started by Joy Martin, May 13, 2019.

  1. Don Alaska

    Don Alaska Supreme Member
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    Nixon started the "Move Offshore" movement in manufacturing, but it REALLY blossomed in China under Clinton. Bill criticized Bush for not being tough enough on human rights issues, but as soon as Bill was elected, he opened the flood gates for industry to move to China. He even sold them an aircraft manufacturing plant that the Chinese promptly converted into missile manufacture. The Clinton Administration is largely responsible for the huge trade deficit we now have with Chine, but since they were financing much of his campaign, what would you expect?
     
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  2. Ken Anderson

    Ken Anderson Senior Staff
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    This is especially interesting when you consider that pretty much every Democrat, and far too many Republicans, have been doing everything they can to raise the costs of doing business in the United States. This is the first president we've had in a long time who seems to be truly interested in encouraging business in America by Americans, so of course, they want to impeach him.
     
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  3. Bill Boggs

    Bill Boggs Supreme Member
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    Trump is trying but of course his business experience and lack of economic knowledge and of (those he has chosen to advise him).
    make it impossible. He has shown poor judgement in picking department heads and advisors.
    He may get one company here and there to reverse course by threat or persuasion to move back to America but we no longer have
    the capability and our wage structure make it impossible to regain our standing in the world. No matter how hard we try, how much
    brinkmanship we practice, we have moved on away from a manufacturing society. We are now technological people who don't want to
    get their hands dirty. We no longer train people for those types of jobs. We want something built we will have to call on a country who
    can build it for us. it is an impossibility. We no longer have the will or the labor force and soon will not know how to train anyone. This is
    the way of economic forces.
     
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  4. Bobby Cole

    Bobby Cole Supreme Member
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    Love ya a lot Bill but I have heard the word “impossible” by so many people over the years that I do wonder upon what standard the word is based on. It’s been my experience that the impossible just takes a bit longer than the improbable and I also learned throughout my life that if the American people want something, it gets done, but of course, not without a fight from the naysayers.
    Obama said that Trump would need a magic wand to improve the economy and put people back to work and abracadabra, it happened but it wasn’t magic, it was experience and the ability to see the finished product before its even put on paper. Trump’s been pretty good at that or he wouldn’t be as financially sound as he is.

    Though I may agree that America is much more of a tech dynasty than some 10 years ago, a lot of renewed manufacturing is being picked up such as the steel business. A heckova lot is going on and has started in just two years. Frankly I’m pretty pumped about what the next few years will bring.

    It was the good ol’ U.S of A. Army that taught me that if some folks can’t see the victory, they need to stand aside and watch the folks who can.
     
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  5. Don Alaska

    Don Alaska Supreme Member
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    @Bill Boggs you must have been a fan of G.W.Bush, as that was his mantra--the jobs "Americans won't do". What has happened is that the illegals have taken many of the jobs that Americans want. It is true that since there are minimum wages in place in many locales, most Americans don't want to do gardening and housework, but they do want to do construction, plumbing, painting, carpentry. and masonry, but illegals have taken those jobs too. That is in part why the unemployment rose so much during the Bush and Obama Administrations. The Unions have done a lot to kill off American labor, as they often make unreasonable and excessive demands, but much has been done by minimum wage laws and legal restrictions.

    As @Bobby Cole said, it isn't magic, just common sense.
     
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  6. Ken Anderson

    Ken Anderson Senior Staff
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    In large part, I agree, although I would attribute it to those who were chosen for him by people who don't necessarily have his - or the country's - best interests at heart. It's the same thing really because he chose to listen to them and to take their advice. One of the reasons that Reagan wasn't more successful at doing the things he promised is that he was surrounded by people who didn't really want anything to change.
     
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  7. Jerry Adams

    Jerry Adams Veteran Member
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    Time for a little humor!
    Joy, Do you drop your cards and clap when someone bids : "No Trump" ? :)
     
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  8. Joy Martin

    Joy Martin Veteran Member
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    Ah, love love love a no trump contract. Talk about using the brainpower. Great game.
     
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  9. Joy Martin

    Joy Martin Veteran Member
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    Hearing a lot more on the radio today and hearing Mitch McConnell and his buddies are against the tariffs that are to begin June 10 as I recall hearing. Delegates from Mx are in D.C. now doing their best to stop the tariffs. Trumps mind believes with all the tariffs added over a times, the companies will all be flooding back to the U.S. to produce their products. I don't see that happening. I never saw that happening when trump was on his campaign stomp.
     
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  10. Yvonne Smith

    Yvonne Smith Senior Staff
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    Of course, Mitch McConnell wants to stop the tariffs !
    Since his family has strong ties into the Chinese economy, and has for many years, he wants to block our great President from protecting this country’s economy.
    Just look at this article from the New York Times that refers to Mitch McConnell and the Chao family (his in-laws), and explains why he is invested in protecting the Chinese economy over the economy of his own country.

    https://www.nytimes.com/2019/06/02/us/politics/transportation-secretary-elaine-chao.html
     
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  11. Bob Kirk

    Bob Kirk Veteran Member
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    How quickly we forget under Clinton & Obama

    FREE TRADE COSTS AMERICAN JOBS

    Skeptics would respond, “Show me the money. Show me the jobs and wages you're going to generate for working Americans. Explain how the TPP is going to be different from the lousy trade deals we've had since the North American Free Trade Agreement (NAFTA) was signed into law in 1993.”

    The White House Council of Economic Advisors released a report touting the benefits of the TPP in pulling down barriers to U.S. exports abroad, but the report fails to mention the most important barrier to U.S. export success: several major trade partners (including TPP partners) managing the value of their own currencies for competitive gain vis-à-vis the U.S. Yet the Obama administration has refused to even discuss the currency issue in the TPP negotiations.

    One problem with trade and investment deals, especially with lower-wage countries like South Korea and China, is that they often result in growing trade deficits and job losses. In 2011, President Obama claimed that the Korea-U.S. free trade agreement (KORUS) would “support 70,000 American jobs” because the agreement would “increase exports of American goods by $10 billion to $11 billion.”

    He failed to say anything about rising imports, which will put Americans out of work. Looking only at exports is like counting only the runs by the home team. It might make you feel good, but it doesn't tell you the outcome of the game—it doesn't tell you whether your team won or lost.

    Since KORUS took effect in 2012, exports to Korea have increased by less than $1 billion. Meanwhile, U.S. imports have surged more than $12 billion, resulting in a net loss of 75,000 U.S. jobs.

    Similarly, Bill Clinton claimed that NAFTA would create 200,000 jobs in its first two years and a million jobs in five years. Instead, between 1993 (before NAFTA) and 2013, the U.S. trade deficit with Mexico and Canada increased from $17 billion to $177.2 billion, displacing more than 850,000 U.S. jobs.

    And then there's Permanent Normal Trade Relations with China and China's admission to the World Trade Organization (WTO), which led to an explosion of imports and the loss of more than 3 million jobs, mostly in manufacturing and mostly in occupations that paid more than the jobs created in exports industries, and much more than jobs in non-traded industries.

    While trade and investment deals have eliminated millions of good jobs, that's only the most visible part of their corrosive effect on working Americans. Growing trade with low-wage countries has also driven down the wages of most American workers, especially those without college degrees.

    https://www.newsweek.com/free-trade-costs-american-jobs-332962
     
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  12. Joy Martin

    Joy Martin Veteran Member
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    And if Trump's goal is to see all the companies coming back to the U.S., do you all really believe this will happen. I don't and never believed it. And yes I know and remember when it all started to leave the U.S.
     
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  13. Shirley Martin

    Shirley Martin Supreme Member
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    I bought a plastic pan at Walmart recently that was Made in the USA. It's the first time in a long time that I have seen anything plastic labeled Made in the USA. It cost 97¢. Progress??
     
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  14. Ken Anderson

    Ken Anderson Senior Staff
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    I doubt that's his goal. But many of them are, and every one that does means jobs for Americans and money put into the US economy as opposed to that of foreign governments. Given a conflict, leftists will side with China every time.
     
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  15. Joy Martin

    Joy Martin Veteran Member
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    I wonder which of the Many are returning to the U.S.
     
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