Posted on 01/01/2020 11:27:16 AM PST by FlipWilson
A new study from the Federal Reserve found that President Trumps tariffs are backfiring.
According to the Fed study, the tariffs that went into effect in 2018 have led to not only higher producer prices but also a loss of jobs across the U.S. particularly in manufacturing. . .
(Excerpt) Read more at finance.yahoo.com ...
Here is a prediction for you.
Trump wins the next election, of course. Then after his second term, the democrats get in after they manage to get enough voters salted into red states to turn the election- that is what has been happening if you dont already know.
Then the democrats destroy this economy and turns the US into a out and out socialistic-communistic country.
At that time, the economy means nothing.
Adriana was an intern 1.5 years ago.
Adriana is a syndication intern for INSIDER. She graduated from Marist College with a B.A. in Communications. She has previously worked with Major League Baseball, Hudson Valley Magazine, and the Poughkeepsie Journal.
You can follow her on Twitter @adrianambells, where she’s probably tweeting something about the Yankees, or check out her food Instagram @belmontebakes.
Her are some of her most compelling articles:
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She must have gone to the Paul Krugman School of Economics.
He/she/it probably has to pay Yahoo to publish this trash!
Study was done by the Fed, but they haven’t gotten anything right since 1913.
The federal reserve? Oh yeah, I’ll trust them.
She has a better resume than me and I started high school in 2003.
Beat with an ugly stick both in and out.
Who in their right mind would even consider anything the federal reserve does as anything other than elitists robber baron lies.
Gee almost EVERY other country we trade with has very high import tariffs. I wonder why?
No, it is not obvious. Very high tariffs protected US industry and made us number one until 1913.
Ok everything you say is true except we need very high tariffs to stop the bleeding. Removing trade tariffs just invites more trouble than original problem you described. A de industrialized USA is a weak USA.
You may think you are a patriot but to me you are another boring ignorant Free Traitor.
>>>So you prefer we lose more MANUFACTURING jobs to China?
MANUFACTURING jobs are primarily middle class jobs and the #1 creator of wealth.
Are they? Because it is the service sector that is currently carrying the economy. As I pointed out in earlier posts, manufacturing output and employment have been decreasing througj 2019, yet the economy is doing just fine.
There is not hurt to high import tariffs. They raise revenue and promote US industry. WIN - WIN.
Tariffs don,t hurt. They raise revenue and promote US industry. Don’t buy and don’t pay.
Hey can’t you read???
Don’t reply back if you don’t have something substantive that refutes my rationale.
Yours are confused words by a socialist who calls freedom treason.
So when every last factory has been off shored then what’s in store for the USA?
The Republican Pry used to be THE PROTECTIONIST PARTY prior to WWII. We need to get back to that.
You are a free trade religious zealot so logic and reason go out the window with your type.
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