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03-11-2018, 03:24 PM
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#46
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Quote:
Originally Posted by elysiantraveller
Everyone.
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Really, everyone. And you say that with a straight face.
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03-11-2018, 03:30 PM
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#47
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by woodtoo
Do you know who a $50 billion trade deficit favors? It is not on your list.
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American consumers.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 03:36 PM
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#48
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by woodtoo
Really, everyone. And you say that with a straight face.
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I can say that with a couple of curved lines.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 03:41 PM
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#49
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Veteran
Join Date: May 2014
Location: Lincoln, NE
Posts: 11,474
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So according to this chart, the more we can separate Net Worth from Trade Deficit the better.
What would happen if we had no Trade Deficit?
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03-11-2018, 03:52 PM
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#50
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Lemon Drop Husker
So according to this chart, the more we can separate Net Worth from Trade Deficit the better.
What would happen if we had no Trade Deficit?
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No, according to this chart, the trade deficit and net worth tend to move in the same direction. While that does not necessarily show a causal relation, it does show that trade deficits are not harmful to Americans, something that advocates of tariffs claim but cannot prove.
If we had no trade deficit, we would be paying higher prices for most of the manufactured products that we buy.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 04:18 PM
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#51
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,856
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Quote:
Originally Posted by Clocker
I can say that with a couple of curved lines.
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That looks very much like a temperature graph hcap posted last year!
__________________
Who does the Racing Form Detective like in this one?
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03-11-2018, 04:27 PM
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#52
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Veteran
Join Date: May 2014
Location: Lincoln, NE
Posts: 11,474
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Quote:
Originally Posted by Clocker
No, according to this chart, the trade deficit and net worth tend to move in the same direction. While that does not necessarily show a causal relation, it does show that trade deficits are not harmful to Americans, something that advocates of tariffs claim but cannot prove.
If we had no trade deficit, we would be paying higher prices for most of the manufactured products that we buy.
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So while net household worth was going up while trade deficit has somewhat stabilized/decreased in the last 5 years, you summarize we should keep up a trade deficit?
What would actually happen if we had a trade deficit of lower numbers. Hell, even a net zero. What would happen?
Problem is, you don't know, and thus you keep proposing a trade deficit as being a "good thing" because it is what we have always done.
There really are no real world statistics to support either side, other than, this is what we have always done.
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03-11-2018, 04:49 PM
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#53
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Lemon Drop Husker
So while net household worth was going up while trade deficit has somewhat stabilized/decreased in the last 5 years, you summarize we should keep up a trade deficit?
Problem is, you don't know, and thus you keep proposing a trade deficit as being a "good thing" because it is what we have always done.
There really are no real world statistics to support either side, other than, this is what we have always done.
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I did not say any of those things. I said that a trade deficit is not the evil that many claim, and that trying to "fix" it with tariffs will make things a lot worse.
Quote:
What would actually happen if we had a trade deficit of lower numbers. Hell, even a net zero. What would happen?
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I am not proposing anything other than letting the free market operate as best it can under the too many government regulations we already have. If that leads to a decrease in the trade deficit, fine. If it doesn't, that's fine too. Let the consumers decide.
But all indications are that at this time, a lower trade deficit would mean higher prices for the American consumer.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 05:16 PM
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#54
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Veteran
Join Date: May 2014
Location: Lincoln, NE
Posts: 11,474
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And thus a tariff we put on certain products imported in to America means you have no clue other than you hate it.
Sounds great.
Should we ban guns on those imports?
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03-11-2018, 05:38 PM
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#55
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Lemon Drop Husker
And thus a tariff we put on certain products imported in to America means you have no clue other than you hate it.
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I said nothing like that. I said that tariffs are taxes typically imposed to protect selected industries from foreign competition and result in higher prices for consumers.
That means higher costs of living for Americans and it means the government is picking winners and losers in the market. And that is what I hate.
Bush tried the same thing with steel tariffs in 2002, and I certainly have a clue about that. Over 200,000 American jobs were lost and the tariffs were removed.
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A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 06:53 PM
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#56
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gelding
Join Date: Oct 2008
Posts: 8,883
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03-11-2018, 07:19 PM
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#57
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Resurrectionist
Join Date: Jan 2017
Location: Cheyenne, Wy
Posts: 3,615
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Quote:
Originally Posted by FantasticDan
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Vox, OMG. Maybe they will put him on double secret probation
__________________
Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood.
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03-11-2018, 07:38 PM
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#58
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by woodtoo
Really, everyone. And you say that with a straight face.
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Yes I do.
If I break this down to the ridiculous it becomes pretty easy to see. I work in the mortgage industry which honestly is a hilarious name "industry"...
I don't produce anything of real value outside the few coyote hides I shoot.
What I do is provide a service that in turn compensates me with dollars.
Using those dollars I purchase things from here, there, and everywhere.
Using myself as an example EVERYTHING I purchase that is imported adds to the trade deficit... literally every single dollar. Since I don't actually produce anything to export.
Free trade simply allows me to purchase goods that I deem the best value to myself regardless of where they come from. This allows me to keep and spend more of my dollars elsewhere.
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03-11-2018, 07:39 PM
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#59
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by FantasticDan
Business leaders from nearly every American industry are furious with President Trump right now.
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The Dems should be all over this. This is straight out of the DNC playbook: tariffs to protect union jobs. Now they just have to figure out a way to take credit for it.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-11-2018, 07:45 PM
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#60
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Clocker
The Dems should be all over this. This is straight out of the DNC playbook: tariffs to protect union jobs. Now they just have to figure out a way to take credit for it.
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Upside down world...
The Dems are now more capitalist than the "republicans."
Except when they aren't.
It's all quite amazing actually.
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