Trump sets off a GOP tax cut scramble - CNNPolitics
https://www.cnn.com/2018/10/23/politics/donald-trump-middle-class-tax-cut/index.html
https://www.cnn.com/2018/10/23/politics/donald-trump-middle-class-tax-cut/index.html
GOP Tax scramble
- Thread starter tjebarr
- Start date
I have a quick and easy tax cut for the middle class that can happen before the midterms. Dump the tariffs.
Where were you when the democrats wanted to put tariff's on steel back in the 80's and 90's to save the steel industry? I tried to tow the conservative line back then that a global economy would be better for everyone. I finally sided with the steel unions that the US should have protected those jobs. The Dems were right back then and now Trump is right today.
I find it funny that I grew up in a union house and have many family members who still pay union dues but post facebook crap about Trump when talking about Tariffs and job creation in the very industries that they work in. The fact that Obama actually said "those manufacturing jobs are gone and they will never come back" only to see those jobs coming back simply because Trump is making global trade fair again and take away some regulations which made it impossible to restart a manufacturing plant back up.
80's and 90's? I was in elementary, junior high and high school. I can tell you I hated when Dubya and Obama placed tariffs/quotas. They were garbage, are garbage, will always be garbage. Protectionist crybabies need government interference that hurts everyone else? How about they just get better at what they do or find an inefficiency in the market to move to.
Soybean farmers spent years and years building China into a reliable buyer. now they are gone. ask soybean farmers what they think of Trumps Tariffs. Canada is now selling soybeans to China while ours rot and we put the farmer on welfare handouts
Trump Is Losing His Trade War
https://www.forbes.com/sites/johnbrinkley/2018/08/14/trump-is-losing-his-trade-war/
Go to my other thread. I posted an article from the NIKKI (Aaia's financial markets) and they have admitted that the US has already found buyers for their soy beans and China will be forced to buy US soybeans moving forward because they are still cheaper than buying from other countries.
OK. Got it, except those other countries have tariffs on our products or subsidize those industries with gov money not allowing a free market to thrive. You can't compete in a global market when the other other countries run the factories that you are competing against.
Why, because he says that the US post office is losing money on every package that they ship for Amazon or the fact that the Chinese can ship the exact same product from China cheaper than I could ship it from TX?
um no. China is not coming back. from this morning.
China wants to stop buying American soybeans entirely - CNN
https://www.cnn.com/2018/10/24/economy/china-soybeans-trade-war/index.html
That hurts their citizens on prices. Odd we've been able to dominate the world's economy all this time even with this huge disadvantage you speak of. lol. Prop up dying industries at the expense of the American consumer and American workers in ancillary or down market industries. That's Fair Trade!!!
China triples soybean purchases from Russia | Farm Futures
https://www.farmfutures.com/trade/china-triples-soybean-purchases-russia
Soybean giant Brazil swoops on US crop as China trade war punctures prices | South China Morning Post
http://www.scmp.com/news/china/dipl...n-giant-brazil-swoops-us-crop-china-trade-war
i guess because Trump has a hard on for owner of Amazon. Amazon will just switch to other companies to ship and The US Post Office will lose even more. Amazon has been a blessing for the usps.
Would a USPS price increase for Amazon be effective?
http://www2.philly.com/philly/business/usps-postal-service-amazon-trump-20180601.html
Not sure I follow. If you are bitching about the government subsidizing those industries, I agree with you. I'm much more concerned with propping up dying industries though, which is what we are currently doing. Playing the whatabout game doesn't really help. These tariffs are hurting the many to prop up a small few. That's bad.
The manufacturing jobs of my youth (steel) aren't coming back in massive numbers. Heck I lived in Weirton. Everyone who could hold a job was employed at a very livable wage. My father made over $55,000 when he retired in 83-84. Adjusted for inflation, that is $138,000 today. Those jobs aren't coming back. If they are, where?
According to you, the US postal service is a perfect case study of an outdated industry that needs to be wiped out according to you. Simple economics is this, if you pay someone $1.00 for a service but it costs that person $1.50 to actually perform, it will not help that organization survive.
The steel industry is not an industry that is outdated, it is vital to our survival. This is not an industry like processing sorghum or something that can be replaced with other things. Steel is and will be a key product that everyone needs to move forward as an civilization. If other countries are subsiding these industries to force us to shut ours down, then we have a major issue and at least someone is addressing it.
yes, i agree 100% the PO office should of ceased to exist years ago. definitely.
Using my post above, the labor cost to manufacture steel in the US significantly contributed to the decline of the US steel industry. When National Steel decided to sell their Weirton operations in the early 80's it was still one of the most modern plants in the world. It was profitable. National Steel saw that over time, US production would become too expensive to compete globally. It is still that way. Raw steel can be produced more cheaply oversees whether subsidized or not. Same for textiles, furniture, household electronics.
Domestic steel as a strategic hedge against global shortages or foreign manipulation is something the US ought to think hard about. You can't just ramp up production at a moment's notice.
And you can’t place a vital commodity in the hands of foreign Govts. Steel is one of those wartime and infrastructure commodities that regardless of price, we need to maintain.
My wife used to sell natural gas to all of the steel mills in the N. Panhandle. She saw first hand how it played out over time. Natural Gas was the biggest cost in producing steel. Now that gas is selling at about about a 60% discount, I wonder if the steel industry could come back.
Ok. Doesn’t change my belief that there are some vital commodities that we can’t afford to outsource. Not a lot, but a couple, and once they’re gone, you’re fvcked.
We were still making steel. I mean it's not like down stream businesses will be smart and move their jobs to countries without tariffs, but at least we saved US Steel!
Are washing machines, soft lumber an all the household goods with tariffs national security risks too. :joy::joy:
Hyperbolic? All of those other things have tariffs in place. And I forgot aluminum. The tax is hitting Wall Street and will soon be down to Main Street, but thankfully our national security is finally safe!
And I’ve agreed with you that in the other areas they are unnecessary. You won me over shortly after it was being discussed.
I disagree with you about Steel and I understand the resultant impacts downstream. I read the Catapillar analysis, it’s impacting my organization as well. Steel is one commodity vital to our national security interests.
I'm right. You're wrong. Deal with it.
I thought you were back on Master negotiator's side. I need flowcharts.
I do think he’ll meet his goals but the cost outweighs the benefits. Would be better to work a multilateral approach with other nations. Don’t say TPP, because yea, that was the gold standard of trade deals.
Didn't Reagan and Bush Senior run the US from 1980-1992? Good try on revisionist history pal.