United Steelworkers' Leo Gerard: Members Won't Forget What Trump Did, He Stopped Wealth Transfer

Manufacturing added just 3000 jobs in May after adding zero in April. We have the largest inventory of unsold automobiles since 2009. Farmers can't sell the few crops they were able to produce in the floods. Orders for civilian aircraft are dropping. The broken window fallacy is real and the violation of it permeates everything both isolationist and liberal economists propose, including tariffs. Tariffs are on a course to cost well above the estimated $700 they right now cost every American consumer.

Tariffs are the equivalent of setting your house on fire to decrease your neighbor's property value.
 
But they can be great bargaining tools to get a desired outcome or a change in the current direction of an undesirable event. As far as the $700, just vote for the nearest democrat promising to fill your bank account with other people’s money.
 
Small pain today...
Can cause less pain tomorrow.

However IMO there never has been, and never will be...
A totally painless life...
It just does not exist!

So choose ones pain carefully... with a long term view, rather than a short term view...
And one gets the best they could!
 
lotstodo said:
Manufacturing added just 3000 jobs in May after adding zero in April. We have the largest inventory of unsold automobiles since 2009. Farmers can't sell the few crops they were able to produce in the floods. Orders for civilian aircraft are dropping. The broken window fallacy is real and the violation of it permeates everything both isolationist and liberal economists propose, including tariffs. Tariffs are on a course to cost well above the estimated $700 they right now cost every American consumer.

Tariffs are the equivalent of setting your house on fire to decrease your neighbor's property value.
Click to expand...


I'm curious as to how they calculated that $700 per person figure ? ? ?

I'm not seeing it... :confused:
 
Just an opposite opinion:

Tariffs... when used properly to 'encourage' better behavior with a country that is ripping off the USA....

Are kinda like going to the dentist for a toothache... rather than using topical pain medication multiple times a day.

Analysis: Yeah, it hurts more up front (pain and $$$ pain)... however the problem is SOLVED... rather than being denied and recurring on a regular and predictable basis.
 
I am sure the TDS, never Trumpes, and Trump haters....

Would like that number to be as large as they could make it... :D
 
I believe that tariffs if used correctly, can be a useful tool for balancing the playing field.

Our companies pay extra to meet the EPA rules, Taxes, mandates and pay wages that nation owned companies in China and other countries don't have to deal with since the local government owns them and as far as they are concerned, the government owns the workers as well.

Pulling an arbitrary number like 25% our of hat as a tariff is not good.

If you can back that number up as a true representation of the extra our companies pay to follow the rules, then you have leveled the playing field.

Making it higher than the real cost is really bad, as that becomes protectionism, which will encourage inefficient operation of the businesses here.
 
I'd gladly pay an additional $1000 per year if they would control our borders and enforce legal immigration.
 
J-man said:
I'd gladly pay an additional $1000 per year if they would control our borders and enforce legal immigration.
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A lot of folks would. However a tariff is a regressive tax and as such it hits those who can't afford that bill the hardest. Their option is to reduce consumption. If the taxed item is a staple, they will cut elsewhere.
 
Some how or another...

IMO if the choice is national security vs the poor getting hurt...
I would vote for national security.

Maybe the folks who are pouring charity into a mud hut on the other side of the world...
Should instead invest that time and $$$ into the USA... we have lots of folks here that could use the help!
 
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