Posted on 02/08/2016 2:50:05 AM PST by expat_panama
Donald Trump said Sunday that there's one issue on which he and Sen. Bernie Sanders (I-Vermont) agree: trade.
In a CNN interview Sunday, Trump pointed out that he and Sanders both opposed the Trans-Pacific Partnership, the multinational trade agreement brokered by the Obama administration.
The deal aims to reduce tariffs and put legal standards in place in the 12 participating countries.
"The one thing we very much agree on is trade. We both agree that we are getting ripped off by China, by Japan, by Mexico, everyone we do business with," Trump said.
But though the mogul suggested that he and Sanders both agreed on the issue, Trump argued that only he could make "absolute gold" out of future trade agreements.
[snip]
Though her State Department once led TPP negotiations, former Secretary of State Hillary Clinton came out against the deal earlier this year. She has taken issue specifically with the final product's currency-manipulation-enforcement measures and concessions to the pharmaceutical industry.
(Excerpt) Read more at businessinsider.com ...
The Joint Economic Committee of the U.S. Congress:
Consequently, world trade flows collapsed. U.S. goods imports declined from $5.3 billion in 1929 to just $1.7 billion in 1933, while U.S. goods exports fell from $4.4 billon in 1929 to a mere $1.5 billion in 1933.
If these drops were so great and so influential, why doesn't Milton Friedman mention them? First, in comparison to the total economy, foreign trade was then and is today, a small part of the United States economy, (<4% of a 50 Billion economy). Second, the total balance of trade deficit went from (0.9 billion to 0.2 billion). In other words, the United States was losing less money because of Smoot-Hawley. It was in aggregate better off.
I am against TPP, and if Sanders is against it, then we agree.
Obama is pushing TPP. The reason why he is pushing
TPP so hard is probably because he has a seven year long track record of promoting the interests of the United States. I mean, it is a slam dunk. Obama lies awake at night searching for ways he can make the United States a greater power in the world.
By the way, the Founding Fathers instituted tariffs. The ones they instituted averaged about 15 percent.
You do understand that tariffs are just taxes by another name, right? And that they destroy trade, right?
Some trade you want, some trade you don't want. Tariffs should be used to protect American industries. Otherwise all our labor will go to countries like Vietnam where people get paid 140 dollars for the entire month.
If so, you also must also admit that Trump understands absolutely nothing about basic economics.
You should give up your membership card to the Free Trade cult. It makes you look stupid when we compare your "basic economics" to reality.
AntiScumbag defends the socialist income tax in place for over 100 years. I’ll remember you.
See all the posts in this thread in response to you? You just got schooled, boy.
Oh, China is going to reduce tariffs? Right....
Let’s see, we got Trump, Sanders, Hillary, China, North Korea, Iran, ISIS, and you —eight votes against the TPP. In favor we got me, Canada, the U.S., Australia, New Zealand, Chile, Japan, Malaysia, Singapore —eight again. We’re ‘even’ I guess...
If favor are Barack Obama and sleazy Goldman Sachs. Are you a Democrat by chance? Maybe a crony capitalist?
You must have missed that part of the title of the thread, that China agrees w/ Trump. Both of them (along w/ you too?) agree w/ Sanders on wanting tax hikes on imports.
You can add Honduras to the list, starting to see a lot of clothing come out of there very poorly made too. Very little Made in the USA clothes or shoes any more.
China will come in once the original agreement is signed. Also, we also already have treaty for defense with most of those countries. This is about more jobs leaving the country and a few wealthy in the country getting richer, the government becoming more powerful, and our continued sellout of sovereignty to the New World Order.
Go Trump, go!
If Trump understands nothing about economics then it was luck how he created his company and fortune. In the meantime I have to assume with your great knowledge of economics you have not fared as well.
“Free trade” destroyed our industries and jobs because it was not really free trade. We played one way and other countries played by their rules. The only winners were international corporations and financial related businesses. Combined with mergers in the US they all became too big to fail and the owners of the political establishment on both sides.
>> the United States was funded by tariffs for most of its history <<
Yes, but there was a big difference between “tariffs for revenue” and “tariffs for protection.” One has never equalled the other.
In any event, the history of the world post-World War II shows that strongly protectionist nations (think Argentina or USSR) have declined economically, while open trading nations (think USA or Chile) have had relative prosperity.
Government should be allowed to pick winners and losers rather than hundreds of millions of free people freely making billions of transactions in their own best interest? Did you go to the Collectivist School of Economics? When did you become such a staunch believer in the benevolence of big government? I'll bet you'd love to vote for someone who will make the trains run on time.
Underlying most arguments against the free market is a lack of belief in freedom itself.
- Milton Friedman
I guess every founding father was an enemy of freedom because the first laws that were passed were tariff acts.
This is true domestically but trade between nations is political as well as economic, all the stamping of feet an gnashing of teeth will never change that.
Maybe as a staunch defender of collectivist thought, you could explain to us how the people of the US, especially the poor and middle class, would benefit from an increase of 45% on the things they buy that are imported.
Then you might want to explain why domestic producers wouldn't increase prices to consumers when the government forces an increase on imported products.
Finally, why are you so eager to give government more of our money and increase its control over the economy? Are you a champion of the 5-year-plan? Do you realize that taking a class in home economics really isn't the same economics we're discussing here?
“Underlying most arguments against the free market is a lack of belief in freedom itself.
- Milton Friedman “
Friedman also said that trade deals like NAFTA and TPP which bypass the needed Senate 60 votes are NOT FREE TRADE, they are government managed trade. I’ll never forget on Cspan watching him try to make Dick Armey (Freedom works sell out!) understand that. Armey didn’t care because he was making big bucks pushing it, which is why any of them support TPP, including TED CRUZ...he not only voted for TPa, but praised it in the WSJ.
Milton Friedman: I would hope so. NAFTA is misnamed, it’s not a Free Trade Agreement, it’s a Managed Trade Agreement.
http://www.achievement.org/autodoc/page/fri0int-5
>> If Trump understands nothing about economics then it was luck how he created his company and fortune <<
It appears that when it comes to building his little empire, Trump has understood mostly how to use crony capitalism, manipulation of the bankruptcy laws, bribes to politicians and abuse of eminent domain. Such tools are anathema to the kind of free market policy that has made the USA prosper.
Trump is a false prophet, who fails to demonstrate any genuine understanding of the important factors that have made America great. Does he really not understand? Or is he just a demagogue? Beats me. But I know he’s not the man we need at this perilous hour in the nation’s history.
” First trump will fix obamacare by rolling out single Payor govt funded healthcare.”
There you go again. A complete falsehood...have you ever actually listened to Donald Trump?? Evidently you don’t listen to the debates. NH...Last Saturday....
QUOTE:
TRUMP: We’re going to repeal Obamacare. We are going to replace Obamacare with something so much better. And there are so many examples of it. And I will tell you, part of the reason we have some people laughing, because you have insurance people that take care of everybody up here.
I am self-funded. The only one they’re not taking care of is me. We have our lines around each state. The insurance companies are getting rich on Obamacare. The insurance companies are getting rich on health care and health services and everything having to do with health. We are going to end that.
We’re going to take out the artificial boundaries, the artificial lines. We’re going to get a plan where people compete, free enterprise. They compete. So much better.
(APPLAUSE)
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