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Trumps Summarised USA Economic Foundational Basis. (Read 2772 times)

John Smith

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #30 - Nov 10^th, 2024 at 7:30am

goosecat wrote on Nov 9^th, 2024 at 6:06pm:

This was PM'd to me on another site. Not saying I agree or disagree but it has value IMHO.

Trumps Summarised USA Economic Policy Foundational Basis

"Higher energy production = lower energy prices = lower production costs = new production incentives = more manufacturing = more jobs

Reduced regulation allows US manufacturing to compete with China which has zero regulation.

The one thing people keep missing about his tariff plan is the plan to give a 6% corporate tax cut to those who manufacture in the United States. His plan is literally the same as a Border Adjustment Tax, but unlike a BAT, it also rewards companies that service the domestic economy exclusively.

The reason why China dominates world wide manufacturing is because after 1970, the value of the RMB went from 1.2 RMB to the USD to around 8 RMB in the 1990s and was pegged to the USD in 1997 before being released to a range of 6-7 RMB to USD. It should be valued at around half that, which is why Trump wants to introduce a tariff.

This is why the Steel Belt became the Rust Belt, and why Trump is now President. That's what 'Make America Great Again' means to voters in those swing states. In the 1960s, the United States was responsible for 50% of the world's entire manufacturing output. From 1970 to 2024, it's declined to 18% as China has risen. But this isn't Thucydides' Trap - this was a willful destruction of the United States by globalists who hated the prospect of a nation that powerful not being beholden to financial debt. 1971 was the first year that the US had posted a trade deficit in the 20th century, and other than 1973 and 1975, it hasn't posted a surplus since."

Also, about selectively applying tariffs - Australia was the only country that didn't have a tariff put on its steel exports to the United States under the last Trump term. Why? Because we are one of the few countries that had a trade deficit with them.

Rheteoric to appease the simpletons.

Last time Trump was in 200 000 manufaturing jobs were lost. What makes you think doing the same thing is going to have a different result this time around? It's the very definition of crazy Cheesy

Cheesy

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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MeisterEckhart

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #31 - Nov 10^th, 2024 at 7:47am

Short of another pandemic, the chaos of a Trump Administration is going to move at warp speed. The upheavals in US society will be something equivalent to Johnson's 60s... Likely ending in something like Nixon's 70s as overhyped egos start breaking constitutional, federal and state laws like twigs.

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greggerypeccary

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Re: Trumps Summarised USA Economy Foundational Basis.
Reply #32 - Nov 10^th, 2024 at 9:02am

goosecat wrote on Nov 9^th, 2024 at 6:41pm:

I'm going to take both Trump and Rubio's words on immigration.
The violent criminal, illegal immigrants will be targetted first. They need to be found, deported and would be a net negative to the USA community and economy.
The non violent criminal illegals will be allowed to re apply LEGALLY. Or in Trumps words; "We need to bring them back legally".

A convicted felon, with 34 criminal convictions, telling other people to obey the law.

Hilarious.

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aquascoot

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #33 - Nov 10^th, 2024 at 9:25am

MeisterEckhart wrote on Nov 10^th, 2024 at 7:25am:

aquascoot wrote on Nov 10^th, 2024 at 7:15am:

totally agree mesiter

for europe and for chyyyyna, trumps presidency is NOT good for them

listen to what the man says

"make america great again"

other countries can man up and stop being punk ass bitches suckling on the american miracle

There's no guarantee that Trump's presidency will be good for us, either.

The idea that the US needs us because of Pine Gap will soon be gone as US space technology makes it redundant. The day that happens, the US will ship out.

We've still got rare-earth resources for as long as that's a thing... until it's not.

What's your answer to an Australian defence against, say, a militarily confident and aggressive Indonesia, a unified Southeast Asian military threat, or a Chinese military threat?

What are your thoughts on a Chinese military blockade of Australian trade routes if, for whatever reason, Australia offends China?

Do you think Asia and Africa look on a people of 30 million with admiration in a continent all to ourselves?

no i dont

and its not trumps job to keep aussies in a safe space.

we are going to have to take on some "personal responsibility" and "grow up"

isnt that the reason you are on the planet in the first place?

to grow up?

surely we arent just here to be as comfortable , unchallenged, fragile and safe as we can get some authority figure to make us?

surely we are designed to be more than eternal infants Cry

Cry

Cry

trump is the evolutionary blowtorch
if you dont like having to take personal responsibility for your life and for your kin , go find some other planet to live on where the rules are different

take most of the citizens of ozpolitics with you Wink

Wink

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SadKangaroo

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #34 - Nov 10^th, 2024 at 9:36am

goosecat wrote on Nov 9^th, 2024 at 6:06pm:

Trumps Summarised USA Economic Policy Foundational Basis[/size]

"Higher energy production = lower energy prices = lower production costs = new production incentives = more manufacturing = more jobs

You'd think then he'd understand that,

Adding tariffs when there is no local option, forcing US consumers to pay 20-60% more for those goods = rising inflation = rising interest rates = lower income and working families paying more for necessities = a Trump recession

All while he's giving rich Americans and companies tax cuts, claiming China will pay with the tariffs when it will be predominantly funded by his core voter base paying more for everything.

Unless he nationalises or at least provides socialised subsidies to the local manufacturing industry to grow it before he implements the tariffs, they'll be heading into the Trump Recession 2.0, the last being masked, luckily for Trump, by COVID.

That won't be very capitalist of Trump. In fact, it's more like socialism...

So I can't see him rebuilding those industries before implementing the tariffs, especially when he's claiming the tariffs will be the tool to bring back manufacturing, which implies it will be used first.

I'd be getting ready, if I was in the US, to take photos of the prices of all the staples, fuel, bread, eggs, meat, fresh fruit and veg etc, and then in 6 months, show in the increased prices on a meme with a photo of Trump saying "I did that!".

But the only way to increase local energy production (aka Oil) and manufacturing will be to strip environmental and industrial relations protections and regulations.

So Americans will be sicker and paid less, with worse access to healthcare in a recession.

2025-2028 are going to be great for the people.

As long as Trump's billionaire class are happy, that's all that matters.

And of course, he pardons himself of all his federal crimes.

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MeisterEckhart

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #35 - Nov 10^th, 2024 at 9:59am

aquascoot wrote on Nov 10^th, 2024 at 9:25am:

MeisterEckhart wrote on Nov 10^th, 2024 at 7:25am:

aquascoot wrote on Nov 10^th, 2024 at 7:15am:

totally agree mesiter

for europe and for chyyyyna, trumps presidency is NOT good for them

listen to what the man says

"make america great again"

other countries can man up and stop being punk ass bitches suckling on the american miracle

There's no guarantee that Trump's presidency will be good for us, either.

The idea that the US needs us because of Pine Gap will soon be gone as US space technology makes it redundant. The day that happens, the US will ship out.

We've still got rare-earth resources for as long as that's a thing... until it's not.

What's your answer to an Australian defence against, say, a militarily confident and aggressive Indonesia, a unified Southeast Asian military threat, or a Chinese military threat?

What are your thoughts on a Chinese military blockade of Australian trade routes if, for whatever reason, Australia offends China?

Do you think Asia and Africa look on a people of 30 million with admiration in a continent all to ourselves?

no i dont

and its not trumps job to keep aussies in a safe space.

we are going to have to take on some "personal responsibility" and "grow up"

isnt that the reason you are on the planet in the first place?

to grow up?

surely we arent just here to be as comfortable , unchallenged, fragile and safe as we can get some authority figure to make us?

surely we are designed to be more than eternal infants Cry

Cry

Cry

trump is the evolutionary blowtorch
if you dont like having to take personal responsibility for your life and for your kin , go find some other planet to live on where the rules are different

take most of the citizens of ozpolitics with you Wink

Wink

How do Australians take personal responsibility for hostile militaries?

How do you think Australia got so rich since WW2? By patrolling the trade routes from hostile nations and pirates? Or was that the Yanks?

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Frank

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #36 - Nov 10^th, 2024 at 10:27am

SadKangaroo wrote on Nov 10^th, 2024 at 9:36am:

goosecat wrote on Nov 9^th, 2024 at 6:06pm:

Trumps Summarised USA Economic Policy Foundational Basis[/size]

"Higher energy production = lower energy prices = lower production costs = new production incentives = more manufacturing = more jobs

You'd think then he'd understand that,

Adding tariffs when there is no local option, forcing US consumers to pay 20-60% more for those goods = rising inflation = rising interest rates = lower income and working families paying more for necessities = a Trump recession

Lemme stop you right there.

What are the things in the US for which there is no US-owned or US-produced alternative?
And what are the industries that shifted out of the US because of being priced out and which cannot return even in economically favourable circumstances?

Western de-industrialisation was not an act of god but the result of Western government policies.

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Carl D

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #37 - Nov 10^th, 2024 at 10:27am

MeisterEckhart wrote on Nov 10^th, 2024 at 9:59am:

How do Australians take personal responsibility for hostile militaries?

lol... "personal responsibility" is aquascoot's "answer" to everything these days.

Indeed... how do Australians take "personal responsibility" for hostile militaries when the majority can't/won't think any further ahead than what's for dinner tonight and/or what's on TV tonight and/or when is their next Bali holiday?

And, as I've said many times before... there is also no such thing as "personal responsibilty" in a population that is too selfish and unconcerned to even wear a mask to protect the elderly and vulnerable (and themselves) from Covid, flu and other respiratory viruses.

Or even stay home when sick.

And governments that also couldn't care less as long as people are working, taking overseas and interstate holidays, shopping and spending.

Hilarious stuff (well, it would be hilarious if the consequences of what I've said were not so serious).

** Repeat Covid infections exercise our immune system in the same way that repeat concussions exercise our brain **

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Frank

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #38 - Nov 10^th, 2024 at 10:29am

Carl D wrote on Nov 10^th, 2024 at 10:27am:

MeisterEckhart wrote on Nov 10^th, 2024 at 9:59am:

How do Australians take personal responsibility for hostile militaries?

lol... "personal responsibility" is aquascoot's "answer" to everything these days.

Indeed... how do Australians take "personal responsibility" for hostile militaries when the majority can't/won't think any further ahead than what's for dinner tonight and/or what's on TV tonight and/or when is their next Bali holiday?

And, as I've said many times before... there is also no such thing as "personal responsibilty" in a population that is too selfish and unconcerned to even wear a mask to protect the elderly and vulnerable (and themselves) from Covid, flu and other respiratory viruses.

Or even stay home when sick.

And governments that also couldn't care less as long as people are working, taking overseas and interstate holidays, shopping and spending.

Hilarious stuff (well, it would be hilarious if the consequences of what I've said were not so serious).

How did Britain resist Germany?

National spirit counts for a lot. France folded like an empty pant suit on 5 Nov.

« Last Edit: Nov 10^th, 2024 at 10:35am by Frank »

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Carl D

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #39 - Nov 10^th, 2024 at 10:35am

Frank wrote on Nov 10^th, 2024 at 10:29am:

How did Britain resist Germany?

National spirit counts for a lot.

That was 80 years ago.

When "national spirit" did count for a lot.

When the population and government worked together and willingly made sacrifices for the common good.

Not anymore. Today it's all about "me, me, me and stuff everyone else".

** Repeat Covid infections exercise our immune system in the same way that repeat concussions exercise our brain **

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Frank

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #40 - Nov 10^th, 2024 at 10:36am

Carl D wrote on Nov 10^th, 2024 at 10:35am:

Frank wrote on Nov 10^th, 2024 at 10:29am:

How did Britain resist Germany?

National spirit counts for a lot.

That was 80 years ago.

When "national spirit" did count for a lot.

When the population and government worked together and willingly made sacrifices for the common good.

Not anymore. Today it's all about "me, me, me and stuff everyone else".

Well, how did THAT come about?

By the relentless expansion of the welfare state, handing over ever more personal responsibility to government apparatchiks.

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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MeisterEckhart

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #41 - Nov 10^th, 2024 at 10:40am

Carl D wrote on Nov 10^th, 2024 at 10:35am:

Frank wrote on Nov 10^th, 2024 at 10:29am:

How did Britain resist Germany?

National spirit counts for a lot.

That was 80 years ago.

When "national spirit" did count for a lot.

When the population and government worked together and willingly made sacrifices for the common good.

Had the US not entered the war by Japan's attack in the Pacific and Germany's preemptive declaration of war against the US, Britain would have been choked to death by naval blockade.

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Karnal

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #42 - Nov 10^th, 2024 at 10:41am

goosecat wrote on Nov 9^th, 2024 at 10:33pm:

People might disagree with the idea and what it means for green energy in the USA under Trump and that's a fair enough argument.
Nonetheless, there is a possible economic benefit and that's the agenda.

I do. I've also asked you why the need for manufacturing in the first place.

If you don't want to answer that, just say.

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Frank

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #43 - Nov 10^th, 2024 at 10:46am

MeisterEckhart wrote on Nov 10^th, 2024 at 10:40am:

Carl D wrote on Nov 10^th, 2024 at 10:35am:

Frank wrote on Nov 10^th, 2024 at 10:29am:

How did Britain resist Germany?

National spirit counts for a lot.

That was 80 years ago.

When "national spirit" did count for a lot.

When the population and government worked together and willingly made sacrifices for the common good.

Had the US not entered the war by Japan's attack in the Pacific and Germany's preemptive declaration of war against the US, Britain would have been choked to death by naval blockade.

Not in 1940, evidently, when Britain resisted and France folded like an empty pant suit.

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Frank

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Re: Trumps Summarised USA Economic Foundational Basis.
Reply #44 - Nov 10^th, 2024 at 10:48am

Karnal wrote on Nov 10^th, 2024 at 10:41am:

goosecat wrote on Nov 9^th, 2024 at 10:33pm:

People might disagree with the idea and what it means for green energy in the USA under Trump and that's a fair enough argument.
Nonetheless, there is a possible economic benefit and that's the agenda.

I do. I've also asked you why the need for manufacturing in the first place.

If you don't want to answer that, just say.

Have you asked China that question?

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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