Trade Warrior Trump...

tenacious said:
Plus a bigger Mexican middle class with more purchasing power could only help American exporters.

Although of course none of this will bring the manufacturing back or changes the fact that the Europeans and Japanese will continue to build cars in Mexico and ship them in as opposed to using more expensive American labor. But it does at least change the conversation away from a race to the bottom. Which I do believe is noteworthy.
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Hüsker Dü said:
With globalization and the demise of organized labor we will never again see a burgeoning American middle class.
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I really don't know where you people come from. I'm embarrassed for you and tenny. Just tell me this, when did you two haters start agreeing with Trump's labor mandates as the road to prosperity?
 
justified said:
It would be amazing if it worked. The larger problem is what will be the decline of the auto industry if tariffs are allowed on the industry as a whole. Consumers will not pay $1k or more per cars, and production will slow down. Sure, dealerships can try to lower fees in some way, but it will hit them, too. This is a huge segment of the economy that will suffer and many US production jobs will be at risk.
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All we have to do is increase the minimum wage and lower income tax rates!! Problem solved. Just like in Seattle. What's wrong with you people? Don't you know that the government is filled with Finance guys like Jack Lew that know how to solve financial problems?
 
Hot Air

Minnesota minimum wage hike leads to predictable results

Minnesota’s minimum wage hikes have led to slower job growth in the restaurant industry and significant job losses among younger workers, a new study has found.

Noah Williams, professor of Economics and director of the Center for Research on the Wisconsin Economics at the University of Wisconsin, compared jobs and economic data in Minnesota and Wisconsin since Minnesota began increasing its minimum wage in 2014…

Those minimum wage hikes have led to slower job growth as compared to neighboring Wisconsin, particularly in the restaurant industry and among younger workers, Williams research found.
https://www.google.com/url?sa=t&sou...MwCXoECAgQKQ&usg=AOvVaw0yZ0hFtfiUhvPTAmCzKrbj
 
I heard Trump was revoking security clearance in an attempt to deflect away from a bad news cycle.
Hmm.... honestly I wish he'd go back to trade. It's like the one issue I kinda agree with him on (mostly).
 
tenacious said:
I heard Trump was revoking security clearance in an attempt to deflect away from a bad news does not want to talk to her.cycle.
Hmm.... honestly I wish he'd go back to trade. It's like the one issue I kinda agree with him on (mostly).
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Driving home from the store today, I heard a radio interview today with the head of a steel-products company. She said that they were able to make a little extra by billing products as if they had bought their raw steel with the 25% tariff already on it, but now their raw stock inventory is depleted and her bank is balking on financing the new costs.
 
espola said:
Driving home from the store today, I heard a radio interview today with the head of a steel-products company. She said that they were able to make a little extra by billing products as if they had bought their raw steel with the 25% tariff already on it, but now their raw stock inventory is depleted and her bank is balking on financing the new costs.
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I bet they are having trouble getting a bank to set terms longer then the two years Trump will be in office. That said, overall it seems like US Steel isn't doing to bad...

https://finance.yahoo.com/quote/NUE?p=NUE&.tsrc=fin-srch
 
united-states-steel-production.png
 
So where are things with this trade war against China? A little off topic, but I can't help but notice that seems like Trumps tax cuts are costing them more then said trade war...
 
tenacious said:
So where are things with this trade war against China? A little off topic, but I can't help but notice that seems like Trumps tax cuts are costing them more then said trade war...
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T is recovering part of the costs by canceling the annual government-employee wage and pension adjustments. To make up for showing this lack of respect to veterans, t stands silently with his hand on his heart during the playing of the Star-Spangled Banner.
 
espola said:
T is recovering part of the costs by canceling the annual government-employee wage and pension adjustments. To make up for showing this lack of respect to veterans, t stands silently with his hand on his heart during the playing of the Star-Spangled Banner.
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Sucker
 
espola said:
T is recovering part of the costs by canceling the annual government-employee wage and pension adjustments. To make up for showing this lack of respect to veterans, t stands silently with his hand on his heart during the playing of the Star-Spangled Banner.
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. . . cuz he doesn't know the words.
 
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