President Tariff just insulted an Indian reporter in front of Modi.
‘Can’t understand a thing you’re saying, speak louder, no, next.’
sharemy butts been wiped!
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MovieChat Forums > Donald Trump Discussion > President Tariff just insulted an Indian...
And?? He couldn't understand what he was asking, so next question?? Is there anything you and the rest of the liberal herd won't complain about President Trump ever since he won the election in a landslide and it took you days to process it because of the shock not wearing off over it??
shareYou guys speak as though Kamala or Biden would be a more adept and able statesman.
Tariffs are not good at all for the economy (at least not short term) because they do lead to price hikes which negatively affects anyone wanting to buy anything. However they do give domestic competition a little boost so there's that (which allows more companies like American Apparel to exist). Ideally tariffs could replace the income tax (as they did before 1915) but it'd essentially mean increasing all prices by about 100% to actually balance the budget with them, and that'd be devastating to poor people. The best thing about tariffs is that other countries are actually buckling and responding to their use as a threat. Since other countries tariff American imports to their countries, why can't we do the same back at them? I know they hurt our own buying power, but it's not like we're just troglodyte cavemen for using them (almost all countries in "the garden" of Europe use them).
And it's not like tariffs are a new thing or unique to Trump. You could argue that the only reason that we have had any domestic electric car industry is due to tariffs on Chinese imports. The Chinese can make electric cars for like 1/3 the price, so there's no way Teslas could compete with that.
The biggest problem is the simple fact that consumers and the working class are the same people, meaning they can buy only as much stuff as they earn wages.
In an ideal economy any increase in production due to automation or increased efficiency would be shared between employers and employees, so that the consumers have the money in their pockets to buy the increased production and enjoy more comfort while employers enjoy increasing profit.
In the US the big corporations have outsourced production to China, Mexico, etc., keeping all the increasing profit for themselves, leaving consumers with only low paid service jobs, while the corporations still expect them to buy all the stuff now coming in from abroad. That just cannot work and tariffs won't solve the problem, because tariffs don't put a dime of extra purchasing capacity into the pockets of consumers.
Even iffffffff tariffs could prevent the import of foreign made goods, consumers still wouldn't have the money to buy American made goods, because that would require increasing American wages by at least 5 times and no American employer will be willing to do that, while it's so much easier bribing politicians into giving them subsidies from tax payers money that give them the same profit without having to pay higher wages.
"... they do give domestic competition a little boost so there's that"
At a time when inflation is not just a serious burden but a DEADLY one?
And after he spent his entire campaign that day one would bring relief only to hear him back track on day 3 and confirm he's a lying sack of shit?
Your assessments are delusional and contradictory and honestly humorous while attempting to justify the SECOND attempt of him robbing America by way of tariffs and bribes.
Ad hominem attacks on Trump don't do much to convince anyone and serve little purpose than to give yourself a cheap emotional thrill, papering over the underlying anger that the values you espouse don't work and aren't particularly rational or popular.
It's amusing to see liberals (or anyone who irrationally hates Trump and calls him names) suddenly concerned with inflation when, for the last 5 inflationary years, they've said we have the best economy ever. It is more of statement on partisanship than it is on economic fundamentals. I think it's pretty rational to think though that 3 weeks is not long enough for a government, even if it had the power to, to reverse inflation (not like EITHER political party really wants what you and I as consumers want, which is DE-Flation ie decreasing prices, because then we'd be more likely to save rather than spend spend spend like good little debt-slaves).
I encourage you to either try starting/running a business in a red state vs. a blue state and discovering for yourself what works better for you, or to read some books such as "Basic Economics" by Thomas Sowell. It's actually a very fascinating read and helps dispel a lot of oversimplified statements like "corporate greed".
But I agree any inflation at this point is deadly but sadly inevitable - the US economy has been so mismanaged and abused for decades that there's pretty much no room for Trump to maneuver which doesn't cause severe financial pain. At the same time, the status quo of government deficit spending by the last administration will only dig the financial hole even deeper, kicking the can down the road to an even more inflationary economy for future generations to deal with - either with even worse inflation or worse unemployment, but likely lots of both. And this isn't Trump or Biden's fault, but the FED as well as every president (to varying degrees) since Woodrow Wilson.
So what, they are hard to understand and I have told them that IRL.
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