Trump likes to think of himself as a free trade kinda guy. and in some cases, think reduced regulations, he is. But the idea that tariffs are good for the American economy is just plain bad policy.
Tariffs are nothing more than taxes on goods that consumers wanna buy. Raise the cost of selling a widget? Raise the price of buying a widget.
And it’s not even about keeping core. Consider, say, anvils. Let’s pretend that Elbonia imposes a 10% tariff on anvils imported from the United States and Trump comes along and imposes a 25% tariff on anvils imported from Elbonia.
Good for the US? Winning?
All it does is make anvils in America more expensive.
But does it save American anvil manufacturing? Maybe – maybe not.
Say that at Acme Anvil, a US based company, they can make anvils at a cost of $45 per unit. But Elbonia is able to bring them to market for $40. People will, all else being equal, people buy the less expensive anvil moving jobs to Elbonia.
Now comes Trump and imposes that 25% tariff. Acme now has the price advantage because the foreign made anvil goes from $40 to $50 providing Acme the opportunity to profit at $46. Maybe Acme is happy with the $1 profit and is able to bring some jobs back from Elbonia. But, not having to worry about competition, Acme might just price their anvils at $49, increase profits and keep the jobs nearly where they were before the tariff.
All the while the American consumer is being forced to pay an extra 5 bucks – or more.
If you are a free trade guy – you can’t be a tariff guy at the same time.
So, it turns out that if you post on Facebook your data isn’t gonna stay private. You posts, your pictures and your preferences are mined.
I know this. My kids know this. Everyone I know knows this.
So how is it possible that the news the Trump campaign used Facebook data is shocking? Literally, I am shocked that people are shocked?
That aside, the same people who ARE shocked had no issue with Team Obama doing the Exact. Same. Thing. in 2012.
Lots of emotion going on lately. Thought I’d take a break and see what someone else has to say. I don’t agree with all of it, or even most of it, but there are friends and family out there that do.
America is a nation of immigrants. We pride ourselves on the fact that the world sees itself and then it sees America.
The world immigrates to America.
President Trump announced a ban on trans-gendered troops in the military this morning:
WASHINGTON (AP) — President Donald Trump abruptly declared a ban Wednesday on transgender troops serving anywhere in the U.S. military, catching the Pentagon flat-footed and unable to explain what it called Trump’s “guidance.” His proclamation, on Twitter rather than any formal announcement, drew bipartisan denunciations and threw currently serving transgender soldiers into limbo.
“Please be advised that the United States Government will not accept or allow Transgender individuals to serve in any capacity in the U.S. Military,” the commander in chief tweeted.
I have multiple reactions:
- How many transgendered folks do we have serving? And then in combat roles?
- This is what happens when you support ‘your guy’ governing by fiat.
- This is horrible policy.
- Given that no one was talking about this as of yesterday – what conversation is Trump trying to change?
I honestly don’t think Trump cares whether someone is gay or trans. I’d bet his companies are comparable to others when it comes to the demographics of his employees. No – I think this announcement is meant to shore up a base he thinks he might be losing or he’s changing the dialogue.
I’m afraid. Trump withdrew from the Paris Accord walking away from a commitment that we made with virtually every nation on earth.
The science of climate change – global warming – has been debated here and else where for years now. I don’t wanna get into that now except to say that for the purpose of this post, I have settled that we are not in danger of catastrophic warming. Because of that, I am fine with the reasons for rejecting Paris.
But before we rejected Paris, we agreed to it. And that should mean something.
Now, as for the world without American leadership? Screw ’em. I am less and less inclined to care what a Parisan sipping coffee at 2.00 pm thinks of America while the rest of the world refuses to act in most cases. We’re a handful of days away from the anniversary of America’s leadership.
No. What scares me is that without Obama we don’t have Trump. But we had Obama, and now we have Trump.
Barack ruled with his phone and his pen. Paris was illegal. GM’s bankruptcy was illegal. His immigration policies were illegal. Libya? Illegal. And the list goes on and on. So, mostly, as Trump undoes Obama’s work with equal executive orders, I am conflicted. We are removing oddles and oodles of illegal and wrong minded policy.
But I don’t believe that Trump is going to stop. He’s going to get used to ruling, aka Barack, and will simply, and horrifically, continue on the trajectory.
The President never should have pulled out of Paris. But the President never should have entered Paris. Without the first, we never have the second.
I’ve been slow to blogging for some time now – and I go back and forth on trying to get the focus to get back at it. And so I find myself at the keyboard today. And I’m looking for something to write on with no luck.
And t occurred to me – I have to, HAVE to, post on Donald Trump and his Presidency.
It is an absolute shit show.
From the press secretary to the executive orders Trump is showing that he is going to abuse the Presidency with little regard to the law. Forget the fact that his policies are wrong minded. From tariffs to immigration, Trump is starting off horribly with every indication that he will keep on going.
Come on 2020.
One aspect of Trump’s victory was his campaign of economic nationalism – that China was stealing our jobs and he was going to bring them back. Of course, China wasn’t alone in his analysis – Mexico and Ford played a part as well.
The fact is, labor is a commodity and purchasers of labor will buy it at its cheapest.
If we want people to purchase American labor inn greater quantities, we have to make our labor cheaper.
Coyote lists but a few of the ways that we increase, needlessly, that price:
- minimum wage laws, rising to $15 an hour in many parts of the country, and increasingly draconian overtime rules, both of which substantially raise the cost of hiring someone.
- minimum benefit laws, including expensive health care requirements in Obamacare and a myriad of other state-level requirements such as mandatory paid sick leave or family leave
- payroll taxes that act as sales taxes on labor — we understand that cigarette taxes are supposed to reduce cigarette purchases but don’t understand that payroll taxes reduce purchases of labor?
- employment regulations, such as chair laws and break laws in California, that make employing people more expensive and risky
- employer liability laws, that make employers financially responsible for any knuckleheaded thing their employees do, even when these actions violate company policy (e.g. making racist or sexist statements)**
- laws that make hiring far more risk, including those that limit the ability to do due diligence on potential employees (e.g. ban the box) and those that limit the ability of employers to fire poor performing employees.
We have yet to see how a President Trump will work to try and make the cost of American labor more equitable.
Why Clinton lost in one chart.
There was no “Whitelash”.
The democrats just didn’t care who won.
He. Is. Not. Conservative.
Word for word from the Coyote:
Dear Conservatives: As you wallow around in your election-day schadenfreude, I offer you this note of caution: Except perhaps on immigration and a few miscellaneous issues like climate, Trump is not a Conservative. He has no apparent respect for the Constitution, or free speech, or any number of individual freedoms. He is a serial abuser of eminent domain and has lived off of crony rents for decades. We often compare government unfavorably to private individuals when it comes to budgeting, observing that most of us can only spend as much as we bring in, unlike a profligate Federal government — but Trump can’t control spending in his own private sphere and has run up huge amounts of debt he has had to disavow in various quests for self-aggrandizement. Do you really think he won’t do the same thing with public funds?
I said this morning I would give up political prognostication, but I am fairly sure in less than 6 months we are going to see prominent Conservatives coming out publicly with buyer’s remorse.