Think of it this way. Say you're the CEO of a large US based company, with most of your manufacturing moved overseas because of cheaper labor. If you have some existing domestic manufacturing capability, you may ramp it up a bit, but you're not going to invest billions of dollars to build brand new factories in the US, knowing that a) it will take at least a couple of years to be get such factories online and cranking out goods, b) Trump has already waffled on tariffs, and there is no guarantee he won't again and c) by the time your factories are online, Trump will be out of office, or close to it, and the next POTUS could easily reverse his policies. So a smart CEO will just wait him out, and in the meantime, pass the cost of the tariffs on to consumers.
Even if factories are built by the thousands in the US, any brand new state-of-the-art factories will be largely automated. So how many jobs will they actually create? And will those jobs be high paying jobs? Do we want to raise the next generation of Americans to be factory workers like in the early 20th century? Especially while India and China and others take more and more IT, software and tech jobs?
Even if by some miracle Trump's tariff plans create a land of milk and honey, it would take years, and that's discounting everything I just mentioned above. People in the here and now are already paying too much for food, cars, and other necessities.
John: Trump owes much of his 2024 victory to the threat of Chinese President Xi Jinping and the work of Robert Hur to discredit Biden’s mental capacity. So should Trump change his pronouns to Xi/Hur?
Brave, bold, and ballsy-- I'm thinking still, that there is more 'method to the madness' than meets the eye with Pres Trump's lightning speed moves. Yes, we can survive, for a short while, the inconveniences to obtain the place our country needs to be globally. We don't have decades to get there if we are to be and maintain our countries status in this world. I'm sure there is more than meets the eye here, and yes, Trump is treading dangerous ground- I sure hope he knows what the hell he is doing. I'm leaning towards the US will bounce back. Thou, very skeptical.
I have little doubt that we will bounce back. But the questions are when and under what conditions? I too doubt that President Trump's move will result in any gains worth the damage he is wreaking. He's a gift to the Democrats, but I fear that his tariffs are a bane to the nation. Like you, I'll take a wait-and-see approach. What else can I do?
I hope our economic picture improves much and quickly. Millions of Americans depend on their 401k's or their IRA's for survival.
I know Mr. O'Reilly says he thinks Putin is insane. Maybe. From what I gather, Putin is extremely cagey and manipulative. But apparently, he's not immune from miscalculating.
Taking President Trump at his word (i.e. assuming he's not on a power trip), his plan is three fold: 1) Get all the foreign makers of goods and services to relocate here and 2) for domestic business to flourish, and 3) to get countries to eliminate tariffs on American goods. Even if this happens to a large degree, by that time our economy might crater.
Getting factories to locate or relocate here does offer us additional tax revenue but not so much in employment. factories are highly mechanized. Mechanization probably takes away far more jobs than with factories leaving the country.
Foreign products are cheaper, hence the moving out of the US. Trump has never revealed his full vision in detail- we will be in a 'rough patch' for yrs to come. Our daily lives will feel a shift and change ( esp.the younger generation) to adjust to the plan, as well as the middle class taking the brunt of the pain. It's inevitable, to get to the place Pres Trump wants this country to be in such a short time, and that it is to be #1 on the planet in all things. Never a loser, always a winner.
There is no "plan" unless the plan is for everyone in US to pay more for everything, just a blow hard with empty rhetoric and it sounds like you've fallen for it.
What "place" does Trump want the country to be in? Because right now it's headed towards the toilet.
The 'place' he wants is to be the #1 superpower in the world, even using Imperialist maneuvers if needed. And I'm sure purging the scum out of society will maybe be carried to far, more than any expected. It is how far he carries it out is my concern.
There is always a plan, a plan A, B, and C. Good, bad, or ugly, but a plan. We will head 'towards' the toilet maybe, but not go into the toilet. And go up from there. Crossing our fingers. No one else has/ had a plan lately. It is dicey, granted.
Anyone who still thinks he's playing chess or something only needs to look at the lazy, half-assed way he and his economic advisors calculated the tariff rates. They couldn't be bothered to sift through all the data and figure out exactly how much each country was charging for each product. They just divided US imports into US exports for a given country, converted it to a percentage, and divided it in half.
in the 70s as I flew into Belfast, I saw poverty and pain. Ireland was one of the poorest nations in Europe. Today they are one of the richest in the world. They lowered their corporate tax rate to 10 percent and American businesses rushed to the scene and rescue. They didn't make peace with England because they were sick of war. They made peace because American multinationals made war obsolete.
I'm not for Tariffs but I am for a national sales tax and everyone needs to pay. I am also for retaliatory strikes against our so-called trading partners. Like when Ireland implements a fine against Uber for over $300 million it's time to go after Irish companies. When the EU levies fines of approximate $20 billion against US companies over the past few decades over ridiculous laws meant to bleed money for an economy that is stagnant.
And I'm sick of building up communist regimes like China and now Vietnam. You would think Venezuela and Cuba would learn that they can be dictatorships and be successful. Amazing what Niki and Adidas has down for the communists.
And when someone can explain to me how a UAW job in the US is worth $70 an hour here but in Mexico $6 bucks an hour is beneficial to our country, I'm all ears.
Think of it this way. Say you're the CEO of a large US based company, with most of your manufacturing moved overseas because of cheaper labor. If you have some existing domestic manufacturing capability, you may ramp it up a bit, but you're not going to invest billions of dollars to build brand new factories in the US, knowing that a) it will take at least a couple of years to be get such factories online and cranking out goods, b) Trump has already waffled on tariffs, and there is no guarantee he won't again and c) by the time your factories are online, Trump will be out of office, or close to it, and the next POTUS could easily reverse his policies. So a smart CEO will just wait him out, and in the meantime, pass the cost of the tariffs on to consumers.
Even if factories are built by the thousands in the US, any brand new state-of-the-art factories will be largely automated. So how many jobs will they actually create? And will those jobs be high paying jobs? Do we want to raise the next generation of Americans to be factory workers like in the early 20th century? Especially while India and China and others take more and more IT, software and tech jobs?
Even if by some miracle Trump's tariff plans create a land of milk and honey, it would take years, and that's discounting everything I just mentioned above. People in the here and now are already paying too much for food, cars, and other necessities.
John: Trump owes much of his 2024 victory to the threat of Chinese President Xi Jinping and the work of Robert Hur to discredit Biden’s mental capacity. So should Trump change his pronouns to Xi/Hur?
Brave, bold, and ballsy-- I'm thinking still, that there is more 'method to the madness' than meets the eye with Pres Trump's lightning speed moves. Yes, we can survive, for a short while, the inconveniences to obtain the place our country needs to be globally. We don't have decades to get there if we are to be and maintain our countries status in this world. I'm sure there is more than meets the eye here, and yes, Trump is treading dangerous ground- I sure hope he knows what the hell he is doing. I'm leaning towards the US will bounce back. Thou, very skeptical.
I have little doubt that we will bounce back. But the questions are when and under what conditions? I too doubt that President Trump's move will result in any gains worth the damage he is wreaking. He's a gift to the Democrats, but I fear that his tariffs are a bane to the nation. Like you, I'll take a wait-and-see approach. What else can I do?
I hope our economic picture improves much and quickly. Millions of Americans depend on their 401k's or their IRA's for survival.
Putin is insane, Iran has a nuke (will soon), and Europe is scratching its head. Trump made a move with a plan in mind-- the game is on.
I know Mr. O'Reilly says he thinks Putin is insane. Maybe. From what I gather, Putin is extremely cagey and manipulative. But apparently, he's not immune from miscalculating.
Taking President Trump at his word (i.e. assuming he's not on a power trip), his plan is three fold: 1) Get all the foreign makers of goods and services to relocate here and 2) for domestic business to flourish, and 3) to get countries to eliminate tariffs on American goods. Even if this happens to a large degree, by that time our economy might crater.
Getting factories to locate or relocate here does offer us additional tax revenue but not so much in employment. factories are highly mechanized. Mechanization probably takes away far more jobs than with factories leaving the country.
Foreign products are cheaper, hence the moving out of the US. Trump has never revealed his full vision in detail- we will be in a 'rough patch' for yrs to come. Our daily lives will feel a shift and change ( esp.the younger generation) to adjust to the plan, as well as the middle class taking the brunt of the pain. It's inevitable, to get to the place Pres Trump wants this country to be in such a short time, and that it is to be #1 on the planet in all things. Never a loser, always a winner.
There is no "plan" unless the plan is for everyone in US to pay more for everything, just a blow hard with empty rhetoric and it sounds like you've fallen for it.
What "place" does Trump want the country to be in? Because right now it's headed towards the toilet.
The 'place' he wants is to be the #1 superpower in the world, even using Imperialist maneuvers if needed. And I'm sure purging the scum out of society will maybe be carried to far, more than any expected. It is how far he carries it out is my concern.
There is always a plan, a plan A, B, and C. Good, bad, or ugly, but a plan. We will head 'towards' the toilet maybe, but not go into the toilet. And go up from there. Crossing our fingers. No one else has/ had a plan lately. It is dicey, granted.
Not brave, just stupid.
There is no method (that has already been proven) just insane vindictiveness.
Trump and his advisors have no idea what they are doing, because if they did, it means they deliberately set out to make people's lives worse.
Anyone who still thinks he's playing chess or something only needs to look at the lazy, half-assed way he and his economic advisors calculated the tariff rates. They couldn't be bothered to sift through all the data and figure out exactly how much each country was charging for each product. They just divided US imports into US exports for a given country, converted it to a percentage, and divided it in half.
in the 70s as I flew into Belfast, I saw poverty and pain. Ireland was one of the poorest nations in Europe. Today they are one of the richest in the world. They lowered their corporate tax rate to 10 percent and American businesses rushed to the scene and rescue. They didn't make peace with England because they were sick of war. They made peace because American multinationals made war obsolete.
I'm not for Tariffs but I am for a national sales tax and everyone needs to pay. I am also for retaliatory strikes against our so-called trading partners. Like when Ireland implements a fine against Uber for over $300 million it's time to go after Irish companies. When the EU levies fines of approximate $20 billion against US companies over the past few decades over ridiculous laws meant to bleed money for an economy that is stagnant.
And I'm sick of building up communist regimes like China and now Vietnam. You would think Venezuela and Cuba would learn that they can be dictatorships and be successful. Amazing what Niki and Adidas has down for the communists.
And when someone can explain to me how a UAW job in the US is worth $70 an hour here but in Mexico $6 bucks an hour is beneficial to our country, I'm all ears.
Good, bad, or ugly: It has the whole worlds attention going forward. Things will never be the same from here on. God bless America.
Good, bad, or ugly: a huge result will come about from it all. It has the whole worlds attention from here on. God bless America.
A global recession.