Posted on 08/29/2015 2:15:27 PM PDT by yongin
Rubin is an obamaRepublican but even they are right sometimes and Trump has some serious issues that needs to be looked over.
Ask yourself why a businessman with businesses in foreign countries wants to penalize another business for doing what he does???? Does this seem right?? Is Trump selling all his foreign businesses and moving them to the US???
“The strength of the U.S. economy has historically been our free markets...
They are probably representing foreign governments and making big bucks doing it.
Not when they can buy American oil for $38.
Not when they can buy American oil for $38.
American oil stays at $38 after foreign oil gets hit with a $50 tariff?
You keep bringing up oil like it is the same and manufactured goods. Why is that?
Well that's a lie...The strength of this country was its manufacturing and tax base...And its ability to quickly switch from domestic manufacturing to military manufacturing...
We don't have too many free markets...We are restricted from shipping out far more that we receive...China has become the world's manufacturer and the entire free world is suffering and paying the price for it...
“Instead of lowering corporate taxes, cutting unnecessary regulations, and fostering a more profitable environment in the U.S
And there's another lie...Trump has proposed both of those things along with reducing or eliminating the capital gains tax...
But then what should we expect from a New World Order organization...
It's easier to show the idiocy of the claim that tariffs won't raise prices of American products with the example of oil.
If we put a $10,000 tariff on imported autos, will you claim that US produced autos would not increase in price?
Now Rubin is demanding conservative purity test for Trump
Sounds more like Rubin needs an agenda purity test - false meme with the taxes on car companies. How about you submit to a purity test while we're at it:
Which candidate do you contribute to?
How often do you contribute to FR?
What are you doing to become a positive part of the solution instead of just being a negative Nelly who pays lip service but does nothing positive or substantial for any cause?
Answer the questions satisfactorily and you get respect and attention -else, you get a few remarks and nobody pays any real attention.
Why is it "instead"? Why not protectionism and lower taxes, cut unnecessary regulations, and foster a more profitable environment in the U.S. Why is it either-or?
It sounds like justification and excuses for off shoring, corps want any excuse to sellout.
Yes, yo are right the situation is worse. We need borders and protection NOW!
The price that the US consumer pays is irrelevant to the Free Traitor™. This has been explained to me many times by many a Free Traitor™ on Free Republic.
Free Traitor™ speak: A corporation owes its allegiance and exists only to maximize profits for it's share holders ( at least public companies). So if a tariff allows them( a domestic producer) to charge more for their product and they don't lose market share to one of it's domestic competitors and demand stays the same then a corporation benefits from the tariff. Free Traitors™ should be happy with tariffs.
Rubin is “severely conservative”, like Willard.
Nobody is contemplating a 125% tariff on oil except you.
So if a tariff allows them( a domestic producer) to charge more for their product and they don't lose market share to one of it's domestic competitors and demand stays the same then a corporation benefits from the tariff.
You've stumbled onto the truth. Tariffs benefit favored domestic producers and benefit government while harming US consumers.
One of you morons once recommended a 100% tariff.
Was the logic too difficult for you to follow?
Try again.
A $20 a barrel tax on oil, for example, isn't a tax on American citizens?
Is that easier for you to follow?
Nobody is contemplating a 50% tariff on oil except you.
What do you wish to place a new or higher tariff on and why would that not increase the price of the same US produced product?
Unless you've never taken an Econ class?
I’ve taken graduate level economics courses. The problem we have is too many people have learned about comparative advantage but they don’t remember the exceptions to the argument for trade that are usually taught with them.
A tariff won’t increase the price of the US produced product if the U.S. produces enough to meet the US need, and if there is competition within the US market.
If the U.S. can’t produce enough to meet the need, then prices will rise causing more US product to meet the demand. If necessary it will rise up to the tariffed price.
What Trump has thrown around is a 25 to 30% Tariff. And he hasn’t mentioned tariffing oil at all. But if he did, we are talking about less than $10 a barrel.
Imports are equal to 16% of our GNP. So if you tariffed all imports at 25%, The worst case is that you’d see a one time inflation of about 3.4%. (.25 Tariff * 16% Imports)/ (16% IMPORTS + 100% GNP).
Trump says NAFTA is a disaster, not as an idea, but because of poorly designed agreements, poorly negotiated. His point is that it is not “free” trade. Jennifer is not being completely truthful.
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