Posted on 01/14/2017 7:14:50 PM PST by E. Pluribus Unum
If the Roman emperors ruled by edict, President-elect Donald Trump appears poised to rule by tweet. Even before taking office, Trump has discovered he can move the world’s largest global corporations with simple, 140-character tweets. And though his aggressive approach is winning politically, good politics doesn’t necessarily mean good economics.
Voters see Trump fulfilling his campaign promises to close America’s borders and bring jobs back home. He is using the bully pulpit to stand up for workers by taking on the most powerful American companies, including Ford (F, +0.32%), General Motors (GM, -0.45%), Toyota (TM, +0.14%), Boeing (BA, +0.34%), Lockheed Martin (LMT, +0.76%), and United Technologies (UTX, -0.54%)/Carrier.
Thus far, no CEOs have had the courage to stand up to Trump. General Motors CEO Mary Barra has said the company’s small-car production will remain in Mexico, but it could only be a matter of time before she’s forced to change course. Trump’s sudden tweets likely worry many CEOs who fear they may be his next target. Right now, most have just tried to stay out of his way. Some, like SoftBank’s Masayoshi Son and Fiat’s Sergio Marchionne, have put forth peace offerings to invest more in the U.S.
(Excerpt) Read more at fortune.com ...
I challenge you to go look at trade data from that era and show me just how the United States was exporting or importing in any meaningful way whatsoever. It wasn't. The Great Depression absolutely was not caused by tariffs.
There are so many lies a and suppositions in your post that I won’t bother. Your post is gloBULList malarkey and mythology sprinkled with the standard scare tactics.
Lower tax rates plus tax disincentives...makes economic sense
Fortune knows nothing about manufacturing
Turnabout is fair play. If they charge a 25% tariff, then we should charge the same, or the equivalent to what the US competitor pays in taxes (including payroll taxes). That levels the playing field. We don’t gouge, but we provide an equal an opposite reaction.
>>It is economies of efficiencies that have been created by government that has forced manufacturing offshore. Environmental and labor arbitrage.
I agree with you. The corporations will only accept the profits they can create with third-world labor. So, they lobby for this and that to grow the government, and then they complain that they can’t afford to be here anymore.
Meanwhile, the government creates socialism for the worker class so they can afford to live while making low wages with no future. The government gives them the handouts and the ObamaCare to pay for the cheap Chinese products.
There is no more America in their minds. There is the government, the Elites, and the workers of the world and all workers are interchangeable. No patriotism. No allegiances, except to the other Elites.
The “laws” of economics are as unprepared to function with the technology of today. They are as obsolete as the “rules” of traditional journalism.
Based on the results so far, Trump’s bully pulpit is YUGE!
Pretty much. But it was unfair, doncha know. After WW2, the US was a manufacturing juggernaut, maybe a lot of which had to do with the fact that most of Europe’s and Japan’s competing factories were in ruins. You just can’t have too much winning - or can you? (DJT)
The trick is to complain about regulations and taxes because that gets the good old boy "conservatives" on your side. Meanwhile, while no one is looking, set up your production facilities in the 3rd world thereby by reducing your labor cost to almost 0. After the move tell everyone it was those nasty regulations that sent you packing. The "Conservatives" lap it up like a dog to his vomit.
This is how we ended up with 70,000 closed factories and still no import tariffs to speak of....
That's an excellent observation. And a very welcome byproduct.
... and here’s another bit of “common knowledge” that just isn’t so. The United States experienced no large increase in exports after World War II. This is important because the lack of industrial capacity in Europe and Japan has been oddly credited with the postwar economic boom in the United States. Again, go back and look at trade data from that era and show me where the United States was ever even remotely dependent upon exports. It never has been, not even now.
When are the gloBULList Free Traitors™ and RINOs going to learn they don’t run trade anymore?
[... and here’s another bit of “common knowledge” that just isn’t so. The United States experienced no large increase in exports after World War II. This is important because the lack of industrial capacity in Europe and Japan has been oddly credited with the postwar economic boom in the United States. Again, go back and look at trade data from that era and show me where the United States was ever even remotely dependent upon exports. It never has been, not even now.]
Excellent point!
Our economic boom was created by the demands of a burgeoning middle class lifestyle and all that went with it.
It seems to me that a company that was bailed out from bankruptcy, like GM, or that depended on US government business to survive, like Lockheed, should expect that they need to demonstrate a commitment to the very government and its citizens that make its economic survival possible. GM’s CEO can bitch about having to move its plants from Mexico to the USA when the Mexican government throws multi-billions of dollars at their operations, like the American taxpayers were forced to do.
The postwar boom was almost entirely driven by domestic demand. Exports were barely a blip.
Lol!
He ran a very efficient administration, but he’s a globalist.
Folks, Fortune thinks America's competitiveness will suffer. It won't. The greatest expansion in this country happened with tariffs in place.
We will have much higher employment, much less crime, and the American work ethic will return. Families will be better off. Companies will still make cr@p in China to sell elsewhere just as cheaply as today. Excise taxes only affect imports to the US and how other countries tax our goods coming in which were made here.
This author is freakin’ clueless if he thinks 100% of US manufacturers will be made to make everything in the US.
Bush I, patriotic? Seriously? He was the 1st. president to bring up support for a “new world order.” He is and was a Globalist shill.
All Republican President since Coolidge have been globalist free traders except Reagan. Even Eisenhower was a globalist to some extent.
Corn, our country excise taxed enough to pay for 44% of the entire US Government budget.
https://en.m.wikipedia.org/wiki/Excise_tax_in_the_United_States
Do you have another stupid, senseless comment to make or are you done playing the idiot?
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