Posted on 05/04/2018 1:44:58 PM PDT by entropy12
Good for you to boycott Cavuto, He is a globalist through and through (import cheap immigrant labor and export manufacturing to cheap labor countries). Because that makes his stock portfolio go higher.
You do not understand tariffs. Read next time with more focus. I said tariffs affect the stock market, not the economy. I distinctly recall the period when we had trade surplus every year and the economy was great with great wages in manufacturing. Stock market is NOT the same as economy. During the 8 year Obama regime stock market did great, while economy was miserable.
There is not a scenario where a tariff would tank the US economy. The Chinese economy maybe LOL.
The GloBULList scare tactics aren't working any more. It's kind of like GloBULL warming hoax, at some point you just stop listening.
“”They thought JFK was the ideal human - the second coming.”
“As with Obama. And even Bill Clinton.
And sadly, many folks here think the same about Trump. :( “
If there are people on FR who think Trump walks on water - how is that a sad thing?
Conservatives
Pretend Conservatives (Republicans)
Liberals
Swamp -- has no left, right -- no Rep/Dems, just Swamp
No right, that’s for sure...
You can't count on Europe and Asia to destroy themselves just to give us a positive trade balance.
Once they got up and running again, by about 1970, we've been running a trade deficit every year (except 1975, which wasn't an especially great year for the economy).
I'm not a free trader, but from what I learned in econ in college, there are reasons to be concerned about tariffs and trade wars. If Cavuto learned the same thing I can understand why he might be concerned.
If the economy booms with tariffs I'd be happy about that, but any time you mess with the economy, there's a potential that things will go wrong.
Please do not worry about tariffs. When properly installed, it will actually strengthen local manufacturing and improve security of the nation in the long run. Only economic dislocations if any, will be short lived. And remember, the leverage is ALWAYS WITH THE COUNTRY WITH TRADE DEFICITS. We stand to gain higher paying new manufacturing jobs, and the exporting countries can do nothing about it.
He has not likes Trump from the beginning. I don’t watch much tv but Neil is out.
I hate tariffs (taxes) too cause they will make stuff I buy more expensive, with the money going to federal government which doesn’t need and will waste it.
But that’s no cause to go off the rails like Neil here, he sounds hysterical.
Having spent quarter of a century in design and manufacture of large machinery in the United States, IMHO tariffs on imported machinery will bring back thousands of HIGH PAYING jobs lost to countries like China, Japan and others who subsidize their exports with cheap loans from their governments.
Our customers loved our machines based on past experience and our fast service, but my company could not compete with the near zero interest rate loans to buyers from those countries. Most of Our machines cost multiple million US dollars and without financing many buyers were forced to buy imported machinery.
Any tariffs on such machines will seldom put money in government coffers because buyers will buy indigenously manufactured goods which means there will be few imports to collect tariff tax on.
What it boils down to is tariffs must be very selective. Do not tax cheap stuff which can be manufactured with mass production such as one finds in Walmart. That will simply raise cost of living without creating many high paying jobs.
With a very few exceptions, I loathe and despise the media including Fox and those in it.
Cavuto is a phony and a hypocrite and it pains me to say that, because, being American-Italian I like to point to Italians who succeed. BUT:
It is my opinion, that Cavuto has not been able to get President Trump to come on his show. The President probably sees what a middle of the road creep he is, for instance, he is constantly saying “ both sides do it” which is NOT true, but which makes him feel good. I resent all the time he has on TV. It would be better spent with others who are more believable.
yes, Cavuto is all about Cavuto. He is 100% selfish and 0% patriot.
Business and businesses have fled the U.S. because the Left has created such an unfriendly business environment. The cause of our economic problems is none other than THE FEDERAL GOVERNMENT which tariffs absolutely fail to address and in fact, make matters worse.
Below is an explanation as to why U.S. protective tariffs make matters worse using the auto industry as an example, which issues are basically true for most American industry in general and manufacturing in particular.
“Protective” tariffs do more harm than good, penalizing the American consumer and lowering our standard of living by appearing, but actually failing, to attack the REAL reasons for our economic and competitive malaise - a palliative, not a curative, measure making matters worse. In the case of autos, tariffs would increase costs to American consumers by forcing taxes (tariffs) on incoming foreign cars while doing nothing to address the underlying causes of Detroit’s demise.
Protective tariffs are like shooting yourself in the foot. If another country shoots itself in the foot with tariffs, why should we follow suit?
Why is there greater demand both here and abroad for foreign cars than American cars? Is it because the big bad foreign countries have subsidized their cars or put tariffs on American cars? No, it is because American cars are famously inferior in quality in general to foreign cars. Why are American cars inferior to foreign cars? Why is Detroit a ghost town now? Is it because of those nasty foreign counties’ subsides or tariffs? OF COURSE NOT!
The REAL reasons foreign autos out-compete American autos began in the 60’s and 70’s when the fat-cat manufacturers in Detroit ignored warnings that foreign auto makers were innovating their engineering and manufacturing techniques. Detroit got lazy and did not want to be bothered until, as the story goes, one day an executive on a trip to the west coast in the 70’s was stunned to see so many Japanese cars on the road.
So the first reason for inferior American auto products was LACK OF COMPETITION.
When Detroit finally saw they had real foreign competition, it ran into another big problem – unconstitutionally federally protected unions. “UAW contracts bound and gagged the Big Three with costs and obligations that fatally restricted their ability to innovate and compete” https://cei.org/2013/07/29/empire-of-rust-how-the-uaw-killed-detroit.
So UNCONSTITUTIONALLY FEDERALLY PROTECTED UNIONS were the next reason for inferior American products that could not compete.
So what was the reaction? Of course, more government. In business, if you fail, you correct or die. In government, if you fail, you just call for more money and more government and you end up with an even greater degree of failure.
So what has government done? Imposed suffocating HIGH TAXES, unconstitutional dead-end REGULATIONS, unconstitutional business-and-job-killing FEDERAL MINIMUM WAGE, and engaged in basically unconstitutional SUBSIDES (BRIBES) FOR SPECIAL INTERESTS. They also stupidly DESTABILIZE & DEVALUE THE DOLLAR. Result? A greater degree of failure.
THE FEDERAL GOVERNMENT, not the EU, China, or the Man in the Moon, is the MAIN reason for our failure to compete in the marketplace. Federally protected unions, high taxes, regulations, minimum wage, subsidies, and a weak dollar all have converged to “bind and gag” American business and drive industry from our shores. Kill these mostly unconstitutional and boneheaded acts and policies and you’ve gone a long way to fixing the problem. Trump has directly addressed some of these problems. ALL need to be abolished.
In the meantime, what do protective tariffs accomplish besides penalizing the American consumer and lowering our standard of living? It restricts open competition. And NO COMPETITION was the problem in the first place. More government creating more of the same old problems.
Economically-meddling government creates poverty. The market economy free from government interference creates wealth. Open competition in the free market drives innovation, lower cost, and higher quality in the free market. The American economy and consumer win with open competition in the free market. American industry (not special interests) wins when it is free from the feds.
As far as “trade imbalance” (or “trade deficit”) goes, imports exceeding exports is not per-se a bad thing but is one of the many oft-used scare labels that is not very well understood. Simply put, we all engage in a “trade deficit” on a regular basis when we go to the grocery store. They get our money, we get groceries. Do we go away thinking, “Oh no, I’m suffering from a ‘trade deficit’ with the grocery store.”? Of course not. We got what we wanted and ofttimes, if we’re lucky, certain imported goods that are the world’s best. A country’s superior natural resource is often the reason that country produces the best type good anywhere. “Trade deficits” do not state an economic problem per se. Failure to openly compete in the marketplace because of government interference is absolutely an economic problem.
Let’s get smart.
I wish someone else were hosting this evening’s show following the primaries. Oh, well...
The tariffs I suggested would hardly cause a ripple in consumer prices, if you re-read my post carefully about selective tariffs. And the hundreds of thousands of HIGH PAYING jobs created would be a bigger benefit to US economy than the negative effects.
Another aspect tariff haters ignore is security aspects during a hot war. In that situation, we should never be dependent on foreign steel, aluminum and machinery.
Yes, and so I am hoping Cavuto eats a huge dinner beforehand and needs to take the evening off. We can always hope!
Military considerations are a separate issue. You’re talking about protecting an industry sector for jobs, etc., but then you make it sound like a nit. I’m not sure what you’re talking about but it sounded like you were talking about our manufacturing industry.
When a sector of industry, especially in the form of special interests gets government involved to “help” them, it may temporarily help that sector, but it almost always hurts the consumer and the economy.
If you want to argue against this coherently, you’re going to have to explain what industry precisely you’re talking about how and why it doesn’t apply here.
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