Posted on 07/30/2015 3:46:16 AM PDT by 2ndDivisionVet
What domestic sources?
Tariffs would create incentives to open domestic factories, even a < expletive deleted > like you should understand that.
I know a lot of ex line workers that took a 8 week course in brain surgery and are doing really well now.
Really? You don't think American factories can be built or re-tooled to produce the cheap junk Walmart now buys from China and Mexico? Do you think Americans have lost the ability, the knowledge to manufacture televisions, washers, dryers, smartphones, computers?
Seriously?
Oh really? Recreating the domestic consumer electronics manufacturing industry and the textile industry and the furniture industry and all the other industries, basically from scratch since the all went virtually extict years and years ago, would require tens of billions in investments and years of time. Who is going to pay for that? Especially when they can just continue to import from China and pass the tariff along to the consumers? And especially since the next administration can come along and remove those tariffs with a stroke of a pen? Who will you find that will take that financial risk? And where are the U.S. consumers better off since the purpose of tariffs is to artificially inflate prices so domestic manufacturers can compete? Either way, U.S. consumers will see the price of their goods go up.
It didn't take me that long to find the flaw in your "logic" and I'm nothing but an < explative deleted >. Pretty good, huh?
Yawn. Another chattering sleep-inducing wonk blathering on about things he has no clue about. He’d fit in well on “Meet The Press”.
We destroyed our domestic industries years ago. Recreating them won't be simple and it won't be cheap. So where is the incentive for investors to sink the billions of dollars necessary to rebuild industries from scratch just so they can produce, as you put it, cheap junk for Walmart? How much of a profit margin is there in that, given the risks involved and especially when Congress could come along and repeal all those tariffs, making their investment worthless?
This drivel is brought to you from Londonstan the Socialist/Muslim capital of the world. :-)
Indirectly it can, by forcing cuts in welfare spending and increasing investment in new technologies. Our modern life is a reflection of all the new technologies invented during WWII: jets, rockets, microwaves, radar, nuclear energy, computers. The list is long. The best war of all though is a cold war.
We have all the base technologies right now for a robotics boom but we aren't moving very fast on that. The biggest customer of "cutting edge" robotics is as expected: the U.S. military.
Right.
Recreating them won't be simple and it won't be cheap.
Neither was going to the moon, but it was the right thing to do.
So where is the incentive for investors to sink the billions of dollars necessary to rebuild industries from scratch just so they can produce, as you put it, cheap junk for Walmart?
Profit????
How much of a profit margin is there in that, given the risks involved and especially when Congress could come along and repeal all those tariffs, making their investment worthless?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
because what we do now works so well
You disagree? Then tell me who is making TVs or cell phones or microwave ovens in this country?
Neither was going to the moon, but it was the right thing to do.
It was also a federal initiative that was not supposed to make a profit. Are you saying the government should go into the textile business or grant large subsidies over and above the tariffs to consumer electronics manufacturers?
Profit????
Will the government guarantee one?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
Probably a great deal.
Ummm, no when I say "right", that means I agree with you. Accept that someone on this thread is agreeing with you about something.
Then tell me who is making TVs or cell phones or microwave ovens in this country?
Right. I agree with you. See above.
Neither was going to the moon, but it was the right thing to do. It was also a federal initiative that was not supposed to make a profit. Are you saying the government should go into the textile business or grant large subsidies over and above the tariffs to consumer electronics manufacturers?
No. I am saying that granting MFN status to a super low wage country like China sealed the demise of US manufacturing. It should never have happened. Steps should be taken to mitigate that mistake. Please accept when I agree with you and don't put words in my mouth when I don't.
Profit????
Will the government guarantee one?
They don't have to, why should they?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
Probably a great deal.
Well, I guess we will see about that. Recent investors in the Chinese stock market are barred from selling their shares, in other words they cannot realize their profits or even mitigate their losses. It is a small step from here to nationalize foreign owned factories and investments.
The Chinese "economic miracle" is built on a mountainous pile of sand. There is no real foundation other than debt. In other words, paper.
When TSHTF, as is happening now, the Chinese communists who run that country will show their true colors. The jails will be full of "capitalists" and "profiteers" before this is all over. How much is a Chinese factory worth that is owned by foreign interests when the managers are in jail and the People's Army is occupying the factory?
Probably a great deal.
Actually, we did not have to wait two years. In the last two weeks China has devalued the yuan, making all Chinese investments worth less in terms of US dollars. More ominously, the Chinese government has issued orders to banks to reduce the amount of US dollars that can be purchased by corporations. If you can't get your profits out, how much is your asset worth?
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