Probably because there is something very deeply wrong with your country when 46% of the population still approve of him. He’s a man-child, a wannabe dictator, an ignorant buffoon, a habitual liar, a conspiracy theorist, is destroying the global economy, an arm’s length away from starting nuclear war at anytime, a bully, a convicted felon, a known sexual predator and oh yeah likely a pedophile as well. And this ain’t the first time it’s the second time you guys elected him. And this time with a popular vote mandate no less! There’s no excuses for Americans anymore.
Tag: trump
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Was Trump’s decision to start a trade war with China dumb?
Yes, it’s a ridiculously stupid idea.
The whole idea of tariffs against China is ridiculous. Trump raised tariffs to 125% against China because he says China was taking advantage of the USA. There’s a huge trade deficit with China. He and other MAGAs don’t bother to understand WHY there is a trade deficit with China. There’s a trade deficit because starting in the 1970s, US companies decided it was much cheaper to manufacture their products overseas in Asia. China has over a billion people, and they have the infrastructure to make a lot of goods at scale and the labor to do so. Clothing, toys, electronics – China is the manufacturing hub of the world. Thus, it’s inevitable that Americans buy more from China than China does from America. Hence a trade deficit. But this trade deficit is because American companies wanted to exploit cheap Asian labor. So.. the idea that countries are RIPPING America off is absolute BS. It’s the opposite! America has been taking advantage of cheap labor in other countries for decades hence why a trade deficit exists! Those countries are obviously too poor to buy the same amount of products from the USA. MAGAs don’t understand this.
So what problem are you trying to solve with tariffs? If you want to bring manufacturing back to the USA, how many Americans want to work at a sweatshop for low wages? The whole reason why American companies outsourced jobs is because Americans didn’t want to work these low jobs and they also wanted products for cheap. And now Trump wants to PUNISH other countries for having cheap labor that Americans exploited? ridiculous.
^ The stupidity of all these MAGAs is just unbelievable.. none of them understand how the world economy works, just blindly believe whatever comes out of Trump’s mouth. Blame Dems for everything bad, and give credit to Trump for everything good.
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What does Trump’s 25% tariff on foreign cars mean for you?
it means American consumers will pay more for their cars.
Right now America doesn’t have the manufacturing infrastructure to build everything. And I don’t think they ever will. Even if the assembly is done in America, can you guarantee all the parts necessary to build that car will be from America? No. So no matter what, manufacturers will have to pay that tariff and likely pass it on to consumers. Resulting in higher prices for Americans.
Now, you may say oh tariffs only affects new cars that are sold. Nope. It indirectly affects used cars too. When Americans find the cost of a new car too much, they will increasingly look towards purchasing a used car. The demand for used cars goes up, so you will have to pay more for used cars too. We saw this during COVID actually, the prices of used cars going up.
So no matter what, you as an American consumer are going to pay more for cars. And if you don’t and decide to stick with your old car and not buy any car at all, well that’s still a loss for the American economy. Consumption is 70% of GDP. If Americans stop buying cars because they are too expensive then the economy takes a hit. If Americans do keep buying cars, then they take a hit to their wallets and spend less on other things. It’s a lose-lose situation fucked if you do fucked if you don’t.
This is why tariffs are almost universally considered a self defeating and plain bad idea for everyone with little to no benefits.
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Why does Trump keep saying countries will pay the tariffs and not consumers?
Found these comments on a Republicans for America Facebook page. Just demonstrates the fact that these MAGAs just follow their leader Trump and don’t have any understanding of how the global economy works. Having a trade deficit doesn’t mean other countries are ‘unfairly taking advantage of the USA’ it just means the USA is importing more from them than they are importing from the US. You cannot force every other country to consume the same amount from you that you consume from them, that’s utterly ridiculous and illogical. Having trade surplus and trade deficits are a natural state of the global economy because every country specializes in different things. These MAGAs just clearly don’t have any kind of understanding of basic economic principles. Which country in the world has zero trade deficits with every other country? Every country is taking advantage of other countries’ specialties, that’s how global trade works. If you want to call a trade deficit ‘unfair’ well then every country in the world is unfair to every other country.
I actually couldn’t believe some of these comments. “Stock prices aren’t an indicator of the economy” “I would rather be poor and live in a county that makes things” I can feel my IQ dropping after reading these smh
.. cannot believe how many morons are online
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Why does Trump think tariffs are a good idea?
Because he has an outdated incoherent understanding of economics.
Tariffs yes, can protect nascent developing economies if the country has the manufacturing prowess and wants to limit competition from foreign companies. This worked well for the USA during the 1800s to early 1900s, a period where the USA was the manufacturing envy of the world.
However, as countries get more developed the economy transforms and transitions away from a manufacturing economy into a service economy. Wages and salaries rise and the highest paying jobs are usually white collar jobs, not blue collar jobs. This is why the USA no longer is a manufacturing behemoth anymore is because it transitioned into a service economy.
Basically, the lower income countries and developing countries like Bangladesh, Vietnam and yes China still are manufacturing giants because they have cheap labor available and their economy still hasn’t fully transitioned into a service economy yet. Developed countries tend to be service economies because white collar jobs are the ones making the highest wages in those economies.
Tariffs doesn’t work well if the country is a service economy. Service economies (ie. developed countries) don’t have the manufacturing infrastructure anymore. That’s why they need to import products from developing countries which have specialized in those manufacturing sectors or make them overseas in the cheaper lower income countries. That’s why since the 1960s, the USA has been outsourcing most of its manufacturing.
It’s pretty much near impossible to transition it back to a manufacturing economy, wages would have to be reduced and the infrastructure would take decades to build. So implementing a tariff in the modern era economy is basically just tanking your own economy. US companies often have no choice but to still import parts from foreign countries or make them abroad, incurring tariff costs ultimately leading to higher prices for consumers.
Found these comments on a Republicans for America Facebook page. Just demonstrates the fact that these MAGAs just follow their leader Trump and don’t have any understanding of how the global economy works. Having a trade deficit doesn’t mean other countries are ‘unfairly taking advantage of the USA’ it just means the USA is importing more from them than they are importing from the US. You cannot force every other country to consume the same amount from you that you consume from them, that’s utterly ridiculous and illogical. Having trade surplus and trade deficits are a natural state of the global economy because every country specializes in different things. These MAGAs just clearly don’t have any kind of understanding of basic economic principles. Which country in the world has zero trade deficits with every other country? Every country is taking advantage of other countries’ specialties, that’s how global trade works. If you want to call a trade deficit ‘unfair’ well then every country in the world is unfair to every other country.
I actually couldn’t believe some of these comments. “Stock prices aren’t an indicator of the economy” “I would rather be poor and live in a county that makes things” I can feel my IQ dropping after reading these smh
…cannot believe how many morons are online
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With the train wreck of Trump, who else is looking back on George W. Bush with rose-tinted glasses?
I still rank George W Bush below Trump. That’s right. Below Trump.
Trump is certainly the outwardly more despicable character. But we have to look what actually happened when they were President. For all of Trump’s lies, idiocy and awful character flaws, he didn’t start two global wars that resulted in hundreds of thousands of deaths nor did he preside over a global economic recession like Bush did. Let’s not forget Patriot Act, all the wiretapping he did on Americans, waterboarding torture, Hurricane Katrina etc
Trump increased the national debt because he cut taxes for the rich, but Bush both cut taxes for the rich and had to fund two wars abroad and his increase of the national debt was proportionally more.
So we have to clear our prejudice against Trump because yes he is not a great person but actually look at what they did as Presidents. What happened under Bush’s Presidency is far worse than what happened under Trump’s Presidency. Well ok, I know there was that Jan 6 attack on the Capitol too, so that’s pretty bad. But I’ll still rank Bush a bit below Trump. They’re both bad. Bush is worse.
Don’t be fooled by Bush as a person. As a person he is far nicer than Trump is. As a President I still think he’s worse.