Trump Presidency Round 2

[Giddyup]

Lol. I’ve been an observer of the financial path of America it’s no bueno since we abandoned Tarrifs and the middle class

 

[Giddyup]

But maybe the world has it wrong and corporate/US elites are right.

 

[TorontoGold]

lol I can't wait to hear about what metrics you're using to determine that tariffs are actually good. Maybe you're majoring in the same study as Irish#1 in formulating opinions based on the latest tweets you see. I think he's doing the "Muslim's all want Sharia Law" degree right now.

 

[Giddyup]

If Tarrifs aren’t good then email your PM (and every world leader) and let him know.

 

[calvegas04]

But maybe the world has it wrong and corporate/US elites are right.

You believe the economy tanking and prices hiking is good for the average American?

 

[BilboBaggins]

Did Ronald Reagan own a time machine?

November 1988:

"Yet today protectionism is being used by some American politicians as a cheap form of nationalism, a fig leaf for those unwilling to maintain America's military strength and who lack the resolve to stand up to real enemies -- countries that would use violence against us or our allies. Our peaceful trading partners are not our enemies; they are our allies. We should beware of the demagogs who are ready to declare a trade war against our friends -- weakening our economy, our national security, and the entire free world -- all while cynically waving the American flag. The expansion of the international economy is not a foreign invasion; it is an American triumph, one we worked hard to achieve, and something central to our vision of a peaceful and prosperous world of freedom."

Today's fucking useless MAGA morons have wrecked the party of Reagan.

 

[NDVirginia19]

I think there's a case to be made for actual surgical implementation of reciprocal tariffs for specific industries, but absolutely A) not what the admin came out with yesterday and B) not by presidential fiat

 

[BilboBaggins]

If Tarrifs aren’t good then email your PM (and every world leader) and let him know.

I mean this in the nicest way possible: Do you huff paint?

 

[bcole2]

If Tarrifs aren’t good then email your PM (and every world leader) and let him know.

Isolated tariffs are good for specific industries and sectors. Things that you want to keep strong in your own country and prevent foreign competition. But when you blanket tariff every single good, including inelastic goods that CANNOT be produced in your own country, you just increase costs and drive down economic growth in your own country. When people don’t have any money to spend because they have to keep buying the higher priced inelastic goods, wages aren’t increasing, and jobs are being lost, they will buy less of the other higher priced domestic goods you tried to increase in your country, which by the way, takes years to build up supply. Oh and since interest rates are so high currently, no one has any desire to get a loan to invest any capital to build new factories or production facilities in the US.

Look up a history book and show me how blanket tariffs did for the US in 1828 and 1930.


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[Giddyup]

When I was dumb and young I voted for Bush Jr and thought free trade was real but I’ve grown up and here’s the reality imo:

The classical defense of free trade, the one found in Econ 101 textbooks and Ricardo’s comparative advantage model, goes something like this: countries should specialize in what they can produce most efficiently, export the surplus and import the rest. Trade allows global output to increase, everyone gets richer and any government interference – like tariffs or subsidies – just gums up the works.

But that’s not the world we live in.

David Ricardo, the early 19th-century British economist who developed the theory of comparative advantage, illustrated it with a now-famous example: even though Portugal could produce both wine and cloth more efficiently than England, both countries would benefit if Portugal specialized in wine and England in cloth, then traded. The key insight was that relative productivity – not absolute efficiency – should guide trade. Comparative advantage, not national supremacy, made trade mutually beneficial and increased total output.

In a world where production is distributed between countries according to comparative advantage, trade interventions like tariffs and export subsidies tend to make everyone worse off. Global output falls because countries try to produce everything themselves instead of specializing, trading their surplus and using the proceeds to import what they lack.

But in the 21st-century global marketplace, production isn’t guided by the invisible hand of comparative advantage. It’s increasingly dictated by the visible fists of industrial policy. China, Germany, South Korea and others have embraced forms of predatory mercantilism – deploying subsidies, trade barriers, currency manipulation and state-directed capital to dominate global markets.They aren’t playing the game of free trade more aggressively. They’re playing a different game altogether, as I’ve explained at length many times over the past few years in the Breitbart Business Digest.

---

In this environment, the old objections to tariffs simply don’t hold. The idea that tariffs lower overall efficiency assumes the world is operating under conditions of free exchange between equal partners. But when our trading partners are not maximizing efficiency, but maximizing dominance, the free-trade logic collapses.

Under a system of predatory mercantilism, allowing free access to our markets can reduce global output – because it drives efficient domestic producers out of business and concentrates production in politically favored industries abroad, often those with lower productivity or higher environmental and human costs.

---

More importantly, predatory mercantilism produces persistent trade imbalances that hollow out the productive base of countries that try to play by the old rules. Instead of trade being a mutually beneficial exchange – cloth for wine, as Ricardo put it – it becomes a one-sided extraction of industrial capacity and long-term economic potential. The US runs deficits; China runs surpluses. We consume; they produce. That’s not comparative advantage– it’s strategic dependence.

This has massive implications for policy. It means that trade restrictions and tariffs can be used by the US to offset the mercantilist policies of others. Far from reducing global efficiency, they can increase it – by relocating production away from the distortions imposed by bureaucrats in Beijing and Berlin and back toward genuinely productive firms and regions.

---

“Liberation Day” – President Trump’s name for the launch of his new tariffs – is the day America stops pretending the global trading system resembles a textbook model. Tariffs are not about rejecting trade; they are about rejecting the illusion that trade, under current conditions, is fair or efficient. If we want to revive American manufacturing, rebuild strategic industries, and reduce our dangerous dependence on hostile or manipulative regimes, we need to rethink trade from the ground up

---

 

[Giddyup]

Isolated tariffs are good for specific industries and sectors. Things that you want to keep strong in your own country and prevent foreign competition. But when you blanket tariff every single good, including inelastic goods that CANNOT be produced in your own country, you just increase costs and drive down economic growth in your own country. When people don’t have any money to spend because they have to keep buying the higher priced inelastic goods, wages aren’t increasing, and jobs are being lost, they will buy less of the other higher priced domestic goods you tried to increase in your country, which by the way, takes years to build up supply. Oh and since interest rates are so high currently, no one has any desire to get a loan to invest any capital to build new factories or production facilities in the US.

Look up a history book and show me how blanket tariffs did for the US in 1828 and 1930.


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We paid for our govt expenditures through tariffs until about 1913-something else happened that year- with no income tax

 

[Giddyup]

You believe the economy tanking and prices hiking is good for the average American?

I think you have corporate elites/wall st and the economy confused

 

[bcole2]

We paid for our govt expenditures through tariffs until about 1913-something else happened that year- with no income tax

But here’s the thing, the revenue from these tariffs? It’s all going to tax cuts…for the wealthy. And maybe some multi trillion dollar iron/golden dome that we definitely need. It ain’t going to anything that will help the middle and lower class. They make the working class poorer.


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[calvegas04]

I think you have corporate elites/wall st and the economy confused

I'm not a corporate elite or on Wall St. and my retirement investments say otherwise

 

[calvegas04]

 

[Giddyup]

If you aren’t retiring this year and haven’t diversified you should be ecstatic right now

 

[calvegas04]

Lol. Do you even know what you’re showing? That’s corporate fat cats top line going down bc trump is bringing high paying jobs and money back to America

 

[Giddyup]

Lol. Taxes or keeping investments/money and jobs in America. Republicans thought shipping our jobs overseas and decimating our solid middle class jobs was good. But my observations since 2000 tells me that was bullshit. How about you? Or just keep printing money to fake projects and decimate our value/debt

 

[Giddyup]

It’s sad liberals are so intellectually lazy or they would have loved this in 2000. But the corporate overlords bought them and said something about trans being important to them

 

[Giddyup]

Regulations and inflation would be considered a tax too in that world view if we want to be honest. But trump cuts them.

 

[Giddyup]

lol I can't wait to hear about what metrics you're using to determine that tariffs are actually good. Maybe you're majoring in the same study as Irish#1 in formulating opinions based on the latest tweets you see. I think he's doing the "Muslim's all want Sharia Law" degree right now.

Have you written your pm yet about your tariff concerns? No u haven’t cause it’s all a backward game to you.

 

[Old Man Mike]

If we determined for national security long term reasons to, say, eliminate our dependency on certain critical raw materials or technical parts or whole technologies from unstable military/political geographies, then I believe it would be prudent for our government to facilitate such a national long term security thing happening (all the while admitting that this was a plan which needed many years to grow strong enough to notice real geo-political effects.)

None of that planning nor admission of time frames is what this maniac is doing. He is slash and burn. Almost weirdly schizoid in day-to-day rip-and-rave action. He can do this because not he personally, nor the family nor crowd he runs with, can possibly be hurt one champagne bottle's worth by his bully and smash actions, and the people who in most numbers support him have some mental blockage to see any of it. ... and these are not the worst things about his sociopathic devoid-of-spirituality personality.

He has already cost me about two years of living support from my fixed retirement fund "units" and I think that I'm probably going to get off easy compared to some. I'll be able, I think, to dial back on my quality of life (for me that's not "rich living"; rather it will be never going out to eat at a restuarant --- that sort of thing --- and considering supporting no charities) , but I'll bet some won't have any slack at all. Maybe if they had deserved to live well, they'd have done better with their lives --- I can see him believing that.

 

[bcole2]

Regulations and inflation would be considered a tax too in that world view if we want to be honest. But trump cuts them.

I don't think you are understanding. PEOPLE WILL NOT BUY STUFF WHEN THEY DON'T HAVE ANY MONEY.

 

[Giddyup]

Ah yeah. Inflation under Biden was the biggest tax the working man has ever seen without any benefits. Keep printing money to pay/buy liberals/politicians and we’ll see how our “economy” does.

 

[calvegas04]

 

[Giddyup]

Lol. How intellectually lazy can u be? You realize you’re quoting free trade Republicans from 50 yrs ago. Since then I’ve and many others have noticed that free trade is a fantasy. Trump is basically a 1990 democrat is the hilarious thing with unknowning new age liberals.

 

[TorontoGold]

Have you written your pm yet about your tariff concerns? No u haven’t cause it’s all a backward game to you.

Do you understand the difference between Canadas economy and the US? Can you explain which tariffs were in place before Trump taxed you? Do you know who signed the USMCA?

Gotta hand it to IE’s other resident MAGA truthers for not defending tariffs.

 

[Giddyup]

Tarrifs are terrible right. Tell your pm, let’s get fair trade going. Otherwise your pm is taxing u unfairly. But any intelligent person knows Tarrifs serve a noble and long term purpose which is why every country uses them but us. But carry on…

 

[GATTACA!]

which is why every country uses them but us.

You’re a moron.

 

[Polish Leppy 22]

This pause in responses you see is the MAGA posters waiting for their talking points.

The funny part here that escaped you is Bua spends his whole day posting tweets from other people. He's just regurgitating anti Trump talking points.

It's also worth noting that some of us have real jobs, spouses, children, etc. and don't spend their entire day arguing with strangers on the internet about politics.