Posted on 01/28/2017 11:20:07 AM PST by Jim W N
Speech in video at link.
https://www.facebook.com/POTUS/videos/vb.1220332944702810/1236581346411303/?type=2&theater¬if_t=live_video_share¬if_id=1485540856306885
I don't necessarily agree with Trump's view on protectionist tariffs, but Trump is generally starting to move us in the right direction for the first time in a long time - since Reagan really. Thank God.
flr
NAFTA and TPP were a plan to steal America’s wealth and send it to other countries . NAFTA worked great for them not USA.
TPP was worse. Trump stopped TPP
Trump is right on that too. He has to correct those and have leverage.
You’re link is not clickable, and Facebook won’t authorize my login.
Thank you for the post. I liked the trip through the White House to the address room.
The speech was short, to the point, anyone could understand it. May President Trump and his entire administration look to God before making ANY decisions.
May God Bless President Trump and Vice President Pence and may God Bless America. Let us all seek God’s guidance in working together to “Make God’s America Great Again”
He’s right about that and about the multilateral trade deals that are really post-national superstructures.
But tariffs are a bad idea. Among other things, protectionism in the past gave us fatty, uncompetitive industries like our auto and steel industries in the ‘70s.
Bilateral, fair, free trade deals are the way to go.
YouTube version: https://www.youtube.com/watch?v=ahjgsy17GnQ
America had tariffs as its main source of funding the government for it's first 120 years and that's how it became the worlds power.
there was no income tax nor the many taxes we have now. The media wants the USA destroyed.
Then they came up with the income tax to replace tariffs and now we have China making everything .
> “But tariffs are a bad idea. Among other things, protectionism in the past gave us fatty, uncompetitive industries like our auto and steel industries in the ‘70s.”
That was the 1970s when America had led in the previous three decades the post-WWII reconstruction and recovery throughout the world. American companies controlled world markets and American labor got used to it.
What you’re missing is that the pendulum not only swings but changes its angle of swing.
Since Reagan, who did the right thing to bust up protectionist rackets, the pendulum has swung so far away from American workers that it natural and unsurprising that it is now swinging back as it must.
But the difference is that now the world is not recovering from the devastation of a world war, so there is no prosepct that Amerifan companies will rule the globe as they did in the 1950s and 1960s, leading to inefficient noncompetitive labor and management. That situation is not going to happen as severely this time around.
Understand that balance is needed and that is why Donald Trump is President.
That’s a whole different time. No income tax, no daily global trade. The US generates much more output than we consume—which requires global trade and is a big part of why we are so prosperous.
We need to level out the trade playing field, but not with tariffs, which will only invite counter-tariffs and shrink our trade and our wealth.
Jeesh!
I’ve heard this complaint about tariffs and Trump at least a hundred times and of course I agree with it on it’s face. But, Trump and his army of NEW and brilliant minds are not idiots. They know a 20% “tariff” means the the pickup truck costs 20% more ergo it comes out of the American truck buyers pocket.
The whole ARGUMENT it seems to me is redundant. Why? Because a 20% Tariff will never happen. Ipso facto the pickup with the 20% tariff cannot be sold in America because no one will buy it.
So, “tariffs” are just the stick. Trump will end up having his cake and eat it too on this “tariff” issue as there are a thousand ways to keep American vehicles being built in America. Unfortunately for Mexico, the party is over. Factory’s and jobs staying in America will not be pain free for Mexico no matter what.
Swinging it back stupidly is, well, stupid.
Yes, we need to even things up, but tariffs are a terrible idea. They will reduce our exports, because they will invite counter-tariffs, and that will reduce our wealth—including our workers’ wealth.
And it wasn’t leading the world that led the US to be uncompetitive. It was protectionism that let unions gain power to the degree that they killed their flock of golden geese. Our big global advantage now is tech—and we don’t need to go killing our global export markets for that.
So he shouldn’t go pushing tariffs.
You’re right. All we need to do is drop our corporate and individual tax rates, cut regulations, ease repatriation of funds and, to add in Larry Kudlow’s last favorite, allow immediate expensing for business investment in order to get our economy cooking again.
Talking about tariffs is sadly delaying and confusing it all.
USA living off of 20 trillion in debt half of which is your obama’s.Where would the USA be without that 20 trillion pumped into the economy 10 in the last 8 years and zero interest rates/
You think the USA's restaurants and mcdonalds and gas stations can compete with city sized automated latest tech factories in China? You think restaurants and debt is the way I see you and Obama agree.
USA living off of 20 trillion in debt half of which is your obama’s.Where would the USA be without that 20 trillion pumped into the economy 10 in the last 8 years and zero interest rates/
I agree, what the Bush/Clinton/Obama/Deep State syndicate has done to empower and enrich China is beyond shameful.
(Though Amazon still dwarfs Alibaba—in good part by selling lots of Chinese stuff itself.)
You are talking gibberish about USA restaurants and Chinese tech factories and Obama and me—I’ll pass on responding.
On Facebook, screw you msm!
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