Posted on 08/27/2015 4:20:21 AM PDT by Cringing Negativism Network
Republican presidential candidate Donald Trump accused China on Tuesday of “one of the greatest thefts in the history of the world” and said he could fix the problem by drawing on the negotiating skills laid out in his 1987 bestseller The Art of the Deal.
“I do great with the Chinese,” Trump told an audience at a campaign rally in Dubuque, Iowa. “And they’re great people. The problem is their leaders are too smart for our leaders.
“I’m a big believer in free trade. I like free trade. But it’s not good if we have dummies.”
The China lines, which amplified an argument that Trump has been making to large audiences for weeks, drew forceful applause. But they were more than crowd-pleasing barbs dropped into an extemporized stump speech.
The attacks on China, and the analysis attached to them, are undergirded – in the somewhat mysterious construct that is the Trump presidential candidacy – by actual, albeit sketchy, economic policy proposals. And analysts suggest these could threaten a trade war with China that would rearrange the global economy, with serious ramifications for the US.
http://www.theguardian.com/us-news/2015/aug/26/donald-trump-policy-threaten-global-economy
(Excerpt) Read more at theguardian.com ...
“you and me” is poor grammar, I meant “you and I”.
Every consumer is a producer as well, so it still applies. See comparative and absolute advantage. Here’s a video:
https://www.youtube.com/watch?v=Vvfzaq72wd0
The bright. congenial, no bullshit guy with his feet planted firmly on the ground and with no discernible reason to tell us only what we WANT to hear instead of what we NEED to hear, who's worth $10 billion from his thorough understanding of the business world and how ludicrous it is for the richest country in the world to constantly run a 20 trillion dollar debt and a 1.5 trillion yearly deficit,
or ...
a bunch of liberal communists at the guardianista with their heads in the clouds who only want to look down on others, know nothing of the business world and float around in their own little liberal bubble that resembles nothing like reality.
Decisions, decisions...
Lol...what exactly do you produce, besides hotair?
I think it's one thing to trade for the natural resources of another country, it's quite another to ship our own to another country to be assembled there only to be shipped back here as a finished product.
Regarding trade for natural resources, my theory has always been that the Leftist environmental extremist agenda is not really about protecting the earth; it's about forcing the United States to not use its abundant natural resources to strengthen itself. The agenda is about strangling the United States until it weakens and atrophies, until such time as the country collapses and a new Leftist government takes over. Only then will they allow the exploitation of our natural resources for themselves.
Look how easily Russia got 20% of our uranium, while we can't even open up a new power plant or refinery or pipeline!
This is why we don't restart our manufacturing base, because it will begin consuming our own resources like oil, coal, lumber, and iron, to make us strong again as we put our own citizens back to work making us self-sufficient again.
Sure, we can trade for off-season bananas and melons, but it's ridiculous to be at the mercy of other countries for oil and steel for bridges and buildings and cars and buses and trains.
-PJ
Don’t congratulate yourself just yet.
Our trade deficit with the PRC is on target to set yet another all-time record this year.
Every year is sets another all-time record.
This year was (by far) an all-time record. America is declining, and nobody is standing up the the United States.
Nobody. So I agree we’re on the right side, and even that there seems to be some people coming over to our side.
This fight hasn’t even begun.
We are completely sold out right now.
(but yeah, you’re right)
:D
Ah, the level of debate devolves to name calling and trite responses. The Daily Kos would be proud.
So the government caused the problem and more government will solve the problem? If only you were an economic junkie...
What do welfare queens produce? What do disabled produce?
You're WAAAAAAAAAAY wrong.
That's THE problem!!! MORE AND MORE deadbeats that consume but don't produce!
Not an answer, nor is it relevant to the discussion. Absolute and comparative advantage benefit everyone. You practice it in your daily career.
Message to libertarian economists; not all nations are the same and economies do not exist in political vacuums - as much as you would like them too. Pure fantasy.
Whatever the market will bear. You're confusing government policy with economics. She produces babies if that pays. She produces little or nothing if that pays. Either way she's a 'producer' in an economic sense. Is her product despicable, wasteful and harmful? Yes. Is her 'income' driven by a corrupt government that steals to pay her not to work or to produce fatherless offspring? Yes.
What do disabled produce?
Millions of dollars of goods and services. The blind, deaf and dumb are all capable workers. So are cripples, wheel chair bound and even quadruple amputees and quadriplegics.
Quadriplegic farmer discusses technology on the farm
What can a farmer without arms or legs do?
A question for you, after you've learned all of the above, what do retirees produce?
Are all Free Traitors™ as stupid as you are? I don't think so, most have semi decent arguments, albeit wrong. Your position is just plain dumb.
I believe in free trade within the United States. Being as libertarian as we please. But behaving this way internationally with economic rivals and enemies (China) is suicide and we already see the result of decimation of our productive capacity in various industries.
1010RD does not get that international trade economics is political, unfair and vicious.
Completely agree. America, the idea of America, is special. Free markets for free people. It's a winning combination.
I won't let government bureaucrats or politicians run my life. Why let them run yours? Worse, why let them run mine?
Next, what makes a nation secure?
What is an 'unfair' trade practice?
I did say that I think the Leftist agenda is to strangle us by denying us the use of our own natural resources via the pretext of extreme environmental radicalism. I did say that I believe it is insincere and that the Left won't hesitate to use those resources for their own purposes once they get absolute control over it.
To the extent that "government" is a party to this agenda, I cannot say. As to the solution, it is for the private sector to reclaim.
-PJ
Now a factory needs a town to support it. You need doctors, dentists, lawyers, shops, construction etc. A wheat field needs nothing. No development, no secondary economic activity. That is why the both the factory and the wheat field indeed create wealth. But the factory produces wealth 1 million times faster than growing wheat.
I joined the debate because you called someone you disagreed with a liar...go figure.
And I'll ask you again, what exactly do YOU produce in this economy?
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