So Much MAGA!! Trade Deal with Mexico - Stocks SMASH Records - LIBS cry

Discussion in 'Politics' started by LacesOut, Aug 27, 2018.

  1. UsualName

    UsualName

    I will take your changing the subject as a species of capitulation for trying to pass of the absurd claim that Obama somehow was responsible for quantitative easing. Quantitative easing can only be done through a central bank in the United States. Just as Obama had no control over monetary policy, neither does Trump. This is evidenced in his discontent with the current policy of tightening to combat inflation.

    I will also like to point out “scheme” is actually the appropriate term for funding via public taxes and the like. I see you haven’t written too many economics papers at your fancy economics school. Interesting.

    Boy, the university of Chicago school of economics has really fallen off.
     
    #41     Aug 28, 2018
    exGOPer likes this.
  2. Poindexter

    Poindexter

    Last edited: Aug 28, 2018
    #42     Aug 28, 2018
    Tom B, bone, LS1Z28 and 1 other person like this.
  3. Trump replaces NAFTA and triumphs -- New trade deal with Mexico is YUGE win for both countries
    [​IMG]
    By Christian Whiton | Fox News
    President Trump announces new trade deal with Mexico

    Joined on the phone by Mexican President Enrique Peña Nieto, President Trump announces the United States-Mexico Trade Agreement, an understanding with Mexico that could lead to overhaul of NAFTA.

    President Trump won a major victory on trade on Monday, supplanting the North American Free Trade Agreement (NAFTA) and replacing it with something far more beneficial. The new deal will help American workers and manufacturers. It’s also a win for Mexico.

    One of the most fundamental parts of Trump’s campaign for president was his promise to change America’s deeply flawed trade arrangements. These deals left us with massive $500 billion trade deficits—a huge drag on the economy—and devastated forgotten communities across America that are dependent on manufacturing jobs.

    Second only to the booming economy, Monday’s announcement of a deal with Mexico is the most visible manifestation of Trump’s fulfilment of his campaign promises. Last year, the USA had a large $71 billion trade in goods deficit with Mexico, owing in part to much lower worker pay. This new deal will limit Mexico’s ability to take U.S. manufacturing jobs by underpaying workers.

    Another key part of the new trade deal increases the percentage of a car that must be made in North America to qualify for lower-tariff import into the USA. This will be a major boon to American automotive workers and that industry’s domestic supply chain.

    Trump understood the simple math that countries with which we have trade deficits would have to come to the negotiating table.

    More broadly, the deal vindicates Trump’s approach to trade, which has been lambasted by voices ranging from Wall Street to the national security establishment to the Chamber of Commerce, as well as mavens from both political parties.

    They said nothing could come from Trump’s unilateral imposition of tariffs in order to get foreign governments to negotiate seriously. They said a “trade war” would be self-defeating.

    On Monday, they have been proved wrong by an unmitigated victory for the USA.

    Trump understood the simple math that countries with which we have trade deficits would have to come to the negotiating table. By definition, we buy more from them than they buy from us, which gives us the power any major consumer has over a seller. These countries also cannot afford to lose access to our $20 trillion economy—the world’s largest. Trump realized the power this gives us and decided to use it to level the playing field for American workers—unlike other recent presidents.

    This victory will lead to others. The leftwing government of Canada, the other member of NAFTA, had refused to negotiate seriously, perhaps believing their friends in the progressive commentariat predicting Trump’s demise.

    Canada’s foreign minister, Chrystia Freeland, spent most of her time on visits to the U.S. lobbying governors and congressmen rather than talking seriously to our trade negotiators. Her boss, Prime Minister Justin Trudeau, even though it was a good idea to antagonize Trump at his failed G7 summit in June.

    Canada must now return, hat in hand, for a deal. If not, Trump will advance the deal with Mexico and leave Canada behind. Today he again vowed to raise car tariffs on Canada if it refuses to revise unfair levies of nearly 300 percent on some American goods, among other unfair practices.

    The European Union and China will also be greatly concerned about the Mexico deal—and more likely to negotiate seriously.

    Europe last year had a $151 billion surplus with the USA. When combined with the fact that we pay for most of their defense through NATO, Europe has benefited greatly from past U.S. administrations’ willingness to let Europe leach off of American workers and taxpayers.

    The deal with Mexico and Canada’s likely about-face puts pressure on Europe to level the playing field for trade or face higher tariffs. This is especially true of Germany, one of the world’s most export-dependent major economies.

    The same factors apply to China, which is dependent on selling goods to the USA and stealing our companies’ intellectual property.

    Trump has utterly flipped the script with China, which our elite effectively told us would supplant us economically and strategically, and with which we had to accept unfair trade factors. Now, China is reeling and American is ascendant. Those who bet on China over the USA chose poorly.

    Looking ahead to Trump’s reelection fight in 2020, the win on Mexico and other likely victories will position him extremely well. Trump flipped states like Michigan, Pennsylvania, and Ohio from Democrat to Republican in 2016 by promising economic prosperity in part by improving trade deals. Delivering on that promise with plenty of time to convey facts to voters means his prospects for reelection look excellent.

    Christian Whiton was a senior advisor in the Donald Trump and George W. Bush administrations. He is a senior fellow for strategy and public diplomacy at the Center for the National Interest and the author of “Smart Power: Between Diplomacy and War.”
     
    #43     Aug 28, 2018
    bone and traderob like this.
  4. UsualName

    UsualName

  5. TJustice

    TJustice

    Not a surprise when bring in a million immigrants a year. A larger pool of potential workers tends to suppress wages. Then you add in all the illegal immigrants it can be crazy.

    When we the democrats learn they are being sold out? At least the republican base already figured it out?

     
    #45     Aug 28, 2018


  6. Immigration caused this!
     
    #46     Aug 28, 2018
  7. Either become a CEO or business owner if you don't like the level of wages. I met a Cuban who started his own vertical blind business and has sales are now in the millions. He has multiple shifts going and takes several vacations per year. Another Cuban started his own Cuban restaurant with basically no money. His family lived upstairs in small room until their business was successful and could sustain a better lifestyle. Both of these examples are in Florida.

    The key is for Government not over regulate businesses so there is opportunity for those who are willing to take risks and short term sacrifices for a chance for their family to have a better future.

    If one chooses the "work for the man" route, they need to realize that multiple kills and self promotion are necessary to earn above average wages. The bar is not that high. A smart employer realizes the value of real talent and will try to keep it. If you are good and have a dumb employer, you need to make the effort to find a better opportunity.

    I know a woman in Washington State who has been a great manager for ten years at a travel plaza. She is now only making a criminal $15.00 per hour in a high cost of living area. She says she can only make ends meet because she lives with her sister. Now this travel plaza is closing down for six months for remodeling. Other than potential unemployment compensation, this company is not making any accommodation for her. She is a very hands on, responsive, and proactive manager. One of the very best I've seen. However, she has not marketed or promoted herself or has looked for other opportunities.

    Figure out what it takes to be an indispensable employee, become that, and let your employer know about it. More money can come with increased capacity for greater responsibility. If you ask for it.
     
    #47     Aug 28, 2018
    LacesOut likes this.
  8. UsualName

    UsualName

    Here we go with blaming the immigrants again. How about we blame the union busting and low minimum wage since that is actually the cause?
     
    #48     Aug 28, 2018
    kingjelly likes this.
  9. UsualName

    UsualName

    These right wingers love to get taken for a ride.
     
    #49     Aug 28, 2018
  10. bone

    bone

    Yes, CEO pay is egregious. Not sure it’s fair to necessarily blame it on one political Party or President. Saw plenty of CEO pay inflation under Clinton, Obama - their own donor base benefited greatly ( as of course did Republican donors). IMO it’s both parties turning a blind eye to it. To Obama’s credit he did rail about it, but he also took their contributions.

    In my mind the only only politico with clean hands is Bernie.

    The incident that really pissed me off were the fat Wall Street raises using TARP money.
     
    #50     Aug 28, 2018