101–110 of 1001 posts
I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…
Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor. And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, w…
Bush Jr. was all about outsourcing to India and other countries. The India population were thrilled to take office gigs for Microsoft and Google and any other tech company.
The whole “put me to work” in middle-America doesn’t exist anymore. They don’t want to do that type of work.
I do think a missed opportunity is not increasing defense manufacturing in the US. That could mean a lot of jobs and skill-based jobs. NASA is another failed opportunity where it could be a huge skill and labor opportunity for America. I remember the thousands of workers on the shuttle program being devastated. I’m not saying we need another shuttle program, but the next evolution of NASA, aerospace, and defense would be great for jobs and America.
We have no one left thinking about the long-term big picture for America - and we now have a president trying to destroy America. Any current politicians are focused on just staying in power, more so than they ever have.
I think Bill Clinton was the last president to focus on America.
Even Obama failed to deliver to the American people. He was too focused on drone strikes.
I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…
I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…
This won't bring home manufacturing but let's say that it will... The US doesn't have the people to do the actual manufacturing. I saw a video recently explaining how sectors like the military, construction and the automotive industry each have 100K+ positions that they are unable to fill. A return to manufacturing adds to that shortage. Apparently there's some 7 million young men of working age that are...missing in…
Plus, even assuming there existed lots of people to fill the gap, why would they sign up for manufacturing jobs? They pay like crap. Unions and worker rights have been gradually chipped away at for years and now they're straight up chainsawing them. Why work a monotonous job that pays at or just slightly above minimum wage, has skills that aren't really transferable should you decide to change careers, is rough on the body and doesn't even provide proper health care or sick days to rest, and employers will call you in during natural disasters with the threat of firing you otherwise and then leave you to literally die while pretending it's not their fault when you do die? [1]
It's companies and the government saying, "We want everything, and in exchange, we'll give you nothing. And you will be happy." No American sees their kid growing up and thinks, "I hope my child will one day work long hours at a factory." People in some countries do, and it's because those jobs are a step up from the current standard. Factory jobs in the US are, in many cases, a step down and that step keeps lowering. High tech/high skilled manufacturing can be an exception, but the bulk of the jobs they're hoping to bring back aren't that.
[1] https://www.npr.org/2024/11/02/g-s1-28731/hurricane-helene-t...
How did the value added tax (which is paid by all companies including domestic ones) become the same as import duty? The only way that you can make that tariffs charged to the USA is the level Trump claims (ie. 39% in the EU) is if you include VAT.
The gloss will be "this way captures all the various unfair things they're doing to us that are the cause of all these trade deficits" but that's just, well, gloss.