Posted on 01/17/2016 4:11:40 PM PST by Red Steel
However, the debate did highlight a distinction between GOP frontrunner Donald Trump and the rest of the GOP field on trade. As Trump called for cracking down on Chinese currency manipulation, other candidates-most notably, Marco Rubio-argued against Trump's corrective measures.
As Trump explained: "China is ripping us on trade. They're devaluing their currency and they're killing our companies... They send their goods and we don't tax it-they do whatever they want to do...[But] when we do business with China, they tax us... I'm totally open to a tariff. If they don't treat us fairly, hey, their whole trade is tariffed... they're sucking us dry."
Economic analysis confirms that Trump is correct. For instance, in a 2014 report from the Economic Policy Institute, Rep. Robert Scott (D-VA) writes, if the president were to "initiate policies that would make currency manipulation costly and/or futile":
These policies could lead to exchange rate movements that would create 2.3 million to 5.8 million jobs over the next three years by ending currency manipulation by a group of about 20 countries, with China as the linchpin. These actions would create jobs in every state and in most or all congressional districts. They would boost GDP, boost jobs and reduce unemployment, and actually reduce the federal deficit by spurring economic growth-all without direct budget costs. No other policies could achieve this economic trifecta.
(Excerpt) Read more at breitbart.com ...
But he has NY values?
Protectionism is very much a liberal NY value.
Meanwhile, the GOPe are working their hardest to destroy him.
there is korea and Taiwan and Malaysia and Guatemala and Mexico and a host of countries that will gladly pick up the China slack
That many jobs are certainly something neither party wants to hear. Even on this forum, so few replies.
Well, to be fair, it was a Democrat who confirmed Trumps position on currency manipulation.
Just goes to show................
I haven’t understood our country’s policies for a long time.
Sending jobs overseas by the millions for decades is down right un-American.
It was so liberal in fact that tariffs were the only way the Federal government was funded through the early 1900s and the income tax. Quite liberal. /s
You can poopoo Trump’s plans all you want.
If you can’t see the devastation of our nation from our trade policies, you’re blind as a bat.
Smoot Hawley
Stupidity on that scale has to be liberal.
The kind of tax isn’t as important here, as that it WAS a tax. Needing a lot of taxes generally means trouble.
So Trump’s 45% tax is going to solve all of this?
And it was extra tax... it isn’t like they rebated the impact to income or other taxes.
People scream BAD TARIFF about what really is a bad tax situation.
On whom, proposed when? Your burden to tell.
to tell what?
“I haven’t understood our country’s policies for a long time”
Understand Agenda21 / Sustainable Development and you will.
I said it in plain English, sorry you have trouble reading.
You said nothing in plain English, or anything else. What am I supposed to tell.
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