volprof
Destroyer of Nihilists
- Joined
- Oct 26, 2011
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How many computers and robotics engineers do you think a workforce needs?
My question is "could the deal have been better for the US" and the follow up "can we strike a better deal?"
If the answer is "yes" then what's the beef?
I've never been against the TPP, and I'm not a liberal. I'm a champion of the American Empire, and do not want to see its demise.
I think of Michael Moore about what I think of you, although I have some respect for him.
I'll be honest - I'm not familiar enough with the terms to know if it was a good deal or not.
I'm generally in favor of trade deals.
My question is "could the deal have been better for the US" and the follow up "can we strike a better deal?"
If the answer is "yes" then what's the beef?
I am certain a better deal can be made. Trump is all about protectionism, though, which means he is after a worse deal.
I am sure you know much more about the economy than someone like Trump. :crazy:
In fairness, it's hard to tell where he is truly crazy vs trying to start at an absurd position to negotiate a better deal. The fact that he blur the line between the two, has access to the world's biggest economy and military, makes him an extraordinary player on the international stage (if he plays his cards right).
I am certain a better deal can be made. Trump is all about protectionism, though, which means he is after a worse deal.
In fairness, it's hard to tell where he is truly crazy vs trying to start at an absurd position to negotiate a better deal. The fact that he blur the line between the two, has access to the world's biggest economy and military, makes him an extraordinary player on the international stage (if he plays his cards right).
I know what economists say. It's not about being smart. Trump is just being a politician. This got him votes.
The economic community is near consensus that free trade is good and protectionism is bad.
Trump University used to teach that free trade was good for the economy.
First, forget your TV and iPhone: half of American imports are *inputs* machinery, equipment, and raw materials for *American companies in America*. These imports (equivalent to about 8% of GDP) directly support U.S. production. The other half consumer products, cars, food are almost all inventory for retailers, car dealerships, food producers, and grocery stores in America.
Second, exports are about 13 percent of U.S. GDP over $2 trillion. This is the soft underbelly of the American economy. If you think foreign countries are killing us on trade now, wait till you see what a global trade war does to Americas export sector.
On top of that, *importers are exporters* (and vice versa). The top 1% of importers are responsible for 60% of exported goods, and the top 1% of exporters are responsible for 66% of imported goods.
Almost every industry youd protect by throwing up a huge tariff wall around the country would also be damaged by some other part of it. Trumps Fortress America trade policy looks more like an economic prison.