Quote:
Originally Posted by Clocker
Actions speak louder than words.
So he didn't want to pay the price of standing up for his principles, but he wants us to pay it.
No, it doesn't. It means that consumer prices go up and consumer buying power decreases. The added jobs in the protected industries are insignificant compared to the lost jobs in the down stream companies that use the goods, steel in this case, as inputs.
How is getting German auto companies to invest here and create jobs for Americans, both in those plants and in the provision of products and services to them, "selling ourselves off"?
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1. The tariffs are part of a process to get fairer deals. We don't now if they will work.
2. He did what any sensible person would do. The idea is to change the math so a sensible person would stay in the US instead of importing. It's not to be an idiot and invest in the US and lose.
2. Whatever we lose as a country because of higher prices is MUCH LESS than we would gain in jobs and wealth invested back in the US instead of overseas. There is only a benefit to both sides when the trade is roughly equal. Since we don't have equal trade, we are net losing. Of course, the losers are all the unemployed, underemployed, and taxpayers with no power and the winners were Wall St, large corporations and people like me whose job did not leave and who was smart enough to invest in global corporations and Wall st to get rich on this fiasco.
