A tariff for thee and none for me - we've entered next era of crony capitalism - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President Near Me | Near Me Direct

Posted by:

Near Me Direct

Category:

Food

Comments:

0 Comments

Post Date:

December 8, 2024

A tariff for thee and none for me – we’ve entered next era of crony capitalism – Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President

11-07-2024, 10:34 AM

19,270 posts, read 9,037,487 times

Reputation: 4344

600) { tads = 4; } var chtm = ""; var chtm2 = ""; if (typeof adqty != "undefined") { tads -= adqty; chtm = ""; chtm2 = ""; } if (ppp == 1) tads = Math.min(tads, 3); var cdadWidth = "728px"; var cdadHeight = "90px"; var cdadSlot = ""; if (myWidth>=1200 && myHeight>=800) { if (randn3 == 0) { /* forum-top-guests1-rect */ cdadSlot = "9411201350"; cdadWidth = "336px"; cdadHeight = "280px"; } else { /* forum-top-guest1-leaderboard */ cdadSlot = "6318134158"; cdadWidth = "728px"; cdadHeight = "90px"; } } else if (tads

Advertisements

Quote:

Originally Posted by Johnhw222 Tariffs are a tool. What if threat of tariffs could cause armed conflicts to reduce? Would. Making things in Mexico be wiser than in China, not a cheap but more reliable or at least not as subject to long ocean transportation conflict issues?

THERE IS NO EASY MONEY SOURCE TO BAILOUT OUR ABILITY TO GROSSLY OVERSPEND OUR MEANS. Cut and become more efficient in thousands of steps and reduce global warfare both its cost and human damage are so critical.

Sure there is. Our Fed is why you worry so much. Inflation is the constant worry, not insolvency.

11-07-2024, 04:34 PM

9,569 posts, read 5,239,366 times

Reputation: 17862

Quote:

Originally Posted by Serious Conversation The inflation issues go back to the Obama administration.

The Obama administration essentially set the tone for at/near ZIRP for years into that sluggish recovery.

The independent Fed is indirectly affected by administration policy, not directly affected. During his first administration, Trump wanted lower interest rates for the US Treasury to borrow more money, and the Fed didn't comply even though Trump wielded the Bully Pulpit. The indirect link isn't as strong as administrations would like.

Quote:

Originally Posted by Serious Conversation

The Democrats have stop the navel gazing, identity politics, and get to meat-and-potatoes economic solutions to have a viable path forward.

I agree. But it is easier said than done. And, as far as that goes, I think Republicans need to do the same thing.

11-07-2024, 10:16 PM

Location: PNW

8,315 posts, read 4,014,714 times

Reputation: 11858

Quote:

Originally Posted by moguldreamer The independent Fed is indirectly affected by administration policy, not directly affected. During his first administration, Trump wanted lower interest rates for the US Treasury to borrow more money, and the Fed didn't comply even though Trump wielded the Bully Pulpit. The indirect link isn't as strong as administrations would like.

I agree. But it is easier said than done. And, as far as that goes, I think Republicans need to do the same thing.

Some financial commentators point out that the Fed is always following the 2-year. The market actually sets the rate. The Fed follows. Actually, the best thing would be if the markets did crash. That's the only real cure for inflation.

Yes, I wish more people thought this way. A different side of the same coin they are.

11-07-2024, 11:05 PM

26,908 posts, read 38,070,778 times

Reputation: 30650

So this is what happened with the Alaska seafood industry and Trump's tariffs during his last term:

https://www.adn.com/business-economy...seafood-sales/

Quote:

The quick take is the 25 percent retaliatory tariff imposed by China on US imports last July caused a 36 percent drop in US seafood sales, valued at $340 million, according to an in-depth analysis of Chinese customs data by Undercurrent News.

You get the general idea. There's more in-depth sources, but they're behind a paywall.

I'm a domestic producer; Trump's tariffs were partially designed to "help" those like me. Did they? Not really, but neither did they hurt. Prices stayed stable in the high end of the U.S. market. The tariffs involving the global seafood market ended in 2020, and there's industry-wide anticipation that they're coming back soon.

Federal payouts to farmers reached record levels during Trump's first term in the wake of Trump's trade wars.

In other words, Trump's imposed tariffs before.

Last edited by Metlakatla; 11-07-2024 at 11:49 PM..

11-07-2024, 11:06 PM

7,993 posts, read 5,449,610 times

Reputation: 25981

Tariffs are going to greatly increase inflation. Musk said he was going to massively cut social programs and that the country needed to get used to severe economic hardship. A small manufacturing company in Pennsylvania has already told its employees that they won’t be getting Xmas bonuses for the first time. That’s because they are going to buy a year’s worth of products before the tariffs begin. The company had to explain to the employees what tariffs were. This was in a red part of the state .

This is just the beginning. People didn’t bother to research what they were told. Stupidity is going to be painful. I just wish the good people wouldn’t get wounded in the process. The sad reality is that inflation was worldwide because of the pandemic and it was finally calming down only being at 2% this year. Now it’s going to be much worse than the past 3 years.,

11-08-2024, 07:38 AM

31,524 posts, read 13,172,011 times

Reputation: 19748

Quote:

Originally Posted by Serious Conversation The inflation issues go back to the Obama administration.

The Obama administration essentially set the tone for at/near ZIRP for years into that sluggish recovery. There wasn't much room to cut if we needed stimulus.

COVID hit and both the Trump and Biden administrations took a very accommodative monetary and fiscal policy approach. That, combined with the Ukraine war and supply chain constraints, fueled inflation.

The reason Harris was in that prices were too high under Biden. Had Trump been in power and the same thing happened, he'd have been voted out too.

Harris doesn't connect at all with those of us out here in flyover country. I voted for her. I'm in a small city in northeast TN that voted for Trump 3:1. I don't have a lot in common with many of the "local Bubbas," but I also don't have anything in common with a California prosecutor who seems elite and exclusive. My guess is that she would look down on people like me, even though I voted for her.

The Democrats have stop the navel gazing, identity politics, and get to meat-and-potatoes economic solutions to have a viable path forward.

I agree with all of the above except I voted for Chase Oliver. I live in a very red state and my vote did not change the EC outcome here.

Biden/Harris implemented green new deal stuff which was pushed by the elite on the left. While working class folks got stiffed. How does making more EV's help the guy just trying to pay the rent and keep food on the table while prices kept rising? How does letting millions of foreign nationals into the country help American citizens just barely getting by? Harris had no explanation as to why they did what they did but tried to say she cared about everyone. Well they had 4 years to prove that and did nothing but alienate those folks. Who they catered to was the far left wacko wing of the party.

Regarding tariffs. We have tariffs now. We always have. Biden kept Trump's tariffs and the sky did not fall. My guess is Trump will use them as a negotiating tool more than punishment. Meaning if we can work some deals out those new tariffs may never have to be implemented. Now if the other world leaders decide to call his bluff. Well then it will get interesting.

11-08-2024, 10:49 AM

10,198 posts, read 7,848,817 times

Reputation: 12005

Quote:

Originally Posted by jiminnm

Tariffs are not new. Trump instituted several tariffs when he was previously President. Biden must have thought they were a good idea, because he kept them all, raised the level on some and added some of his own.

Here’s the thing about tariffs - they simply cannot be dropped if retaliatory tariffs have been put into place. We can drop ours but there’s no guarantee the other nation will drop theirs. Negotiation has to happen to ensure that those tariffs aren’t brought back.

The retaliatory tariff that worked best were instituted by China on soybeans and other agricultural products. Those tariffs made US products too expensive in China, it also opened the Chinese market to other countries. Even though exports to China have returned to almost pre-tariff levels, they are now smaller than what other countries export to China.

Then add the cost of subsidies to US farmers and the US tariffs were a failure.

11-08-2024, 01:45 PM

9,569 posts, read 5,239,366 times

Reputation: 17862

Quote:

Originally Posted by Phil P

Economists all over agree they [tariffs] are a bad idea and will only worsen the inflation everyone is already so sick of

The above is not true. No credible economist thinks tariffs have any direct impact on inflation.

There are two schools of thought regarding inflation:

“Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” -- Milton Friedman, 1976 Nobel Prize in Economics winner. That is, expanding the money supply too quickly causes inflation.
“Persistent high inflation is always and everywhere a fiscal phenomenon, in which the central bank is a monetary accomplice." -- Thomas Sargent, 2011 Nobel Prize in Economics winner. That is, too much persistent federal government spending causes persistent inflation.

More specifically, under the Fiscal Theory of the Price Level, prices adjust so that the real value (i.e., adjusted for inflation) of federal government debt equals the present value of taxes & other revenue less total federal government spending.

Inflation breaks out when people don’t expect the government to fully repay its debts.

Tariffs are in the noise. No one expects them to have any impact on inflation (the general price level). A tariff can impact relative prices of good A vs. good B, but it has no impact on the general price level.

11-08-2024, 06:32 PM

Location: TN/NC

35,872 posts, read 32,875,254 times

Reputation: 48832

Quote:

Originally Posted by Oklazona Bound I agree with all of the above except I voted for Chase Oliver. I live in a very red state and my vote did not change the EC outcome here.

The big issue with the illegals is housing, to a point.

Still, many of them are crowding into small homes, apartments, and mobile homes. I personally know an extended family of seven who had their mobile home wiped out in Hurricane Helene. At least two are illegal. All the adults are employed.

Most American citizens aren’t going to move to expensive western NC to live in a mobile home seven to a house down on a river known to flood. The land isn’t that valuable, relatively speaking, and not a lot of demand for it.

Yesterday, 08:02 AM

Location: TN/NC

35,872 posts, read 32,875,254 times

Reputation: 48832

Quote:

Originally Posted by Oklazona Bound I agree with all of the above except I voted for Chase Oliver. I live in a very red state and my vote did not change the EC outcome here.

The big problem with EVs is that they are completely out of price range for many customers or impractical.

Give me a compact SUV with a 300-400 mile range that costs around $30k and will charge most of the way in thirty minutes. It doesn’t exist.

I get folks’ complaints, but voting for Trump is unlikely to fix anything they’re complaining about, and things likely will get worse.

Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Source

Author

Near Me Direct

Nicola Restaurant and Bar – Columbus

KCKristyC VIPColumbus14 reviewsDined on February 15, 2025Overall 3Food 3Service 2Ambience 4We had been to Nicholas’s before for happy hour and...

March 16, 2025 By Near Me Direct

Food

The Best Food Near Me in Upper Arlington, OH – Reservations, Experiences, Takeout & Delivery

Find your next culinary adventure in one click with the food near me in Upper Arlington, OH, your gateway to...

March 16, 2025 By Near Me Direct

Food

The Best Restaurants in Upper Arlington Right Now

Top-rated food•$$$$Price: Expensive•CreoleGallo's Kitchen & Bar features Creole and Italian cuisine. The restaurant's atmosphere is comfortable and friendly, providing a...

March 16, 2025 By Near Me Direct

Food

Home | cooke-house

Ted Gidley, Head Chef at The Clarke Cooke House, began his culinary career in 1981 while still in college. His...

March 15, 2025 By Near Me Direct

A tariff for thee and none for me – we’ve entered next era of crony capitalism – Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President