If Donald Trump becomes President, how will it affect our economy?

[nicoleivy5]

Why Donald Trump is bad for the global economy
I read an article written by an Anti-Trump person and while there are some bias, he had some good points. I think if you take into account just the global economy, Hillary would do a much better job?
Discuss

Edit: would he be bad just for the American economy or the global economy as well?

 

[TNHarley]

You know that "our" economy isn't the global economy, right?

 

[nicoleivy5]

You know that "our" economy isn't the global economy, right?

True, will edit it.
The global economy*** my mistake

 

[Slave2the$]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

 

[TNHarley]

Then Hillary is, considering she is a globalist.
Trump has nationalist economic policies. Which, theoretically would be better for us.
IMO, us is more important than everyone else.
We tried and now look.. we got less rich so third world shitholes could get less poor.

 

[TNHarley]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

I don't have a problem with it.

 

[Syriusly]

Why Donald Trump is bad for the global economy
I read an article written by an Anti-Trump person and while there are some bias, he had some good points. I think if you take into account just the global economy, Hillary would do a much better job?
Discuss

Edit: would he be bad just for the American economy or the global economy as well?

My biggest concern regarding Trump and our economy is that his trade proposals sound like a recipe for a Trade War- and that can lead to Global Depression. If Trump's policies start a Trade war- the rest of his economic proposals would be pretty immaterial- our economy would take a huge hit.

 

[Syriusly]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

 

[irosie91]

Then Hillary is, considering she is a globalist.
Trump has nationalist economic policies. Which, theoretically would be better for us.
IMO, us is more important than everyone else.
We tried and now look.. we got less rich so third world shitholes could get less poor.

I am not all that sure that our policies made third world shitholes less poor-----our policies seem to have made shariah shit hole terrorist incubators more ENABLED. Globalism is dangerous-------it is very ENABLING to negative forces.

 

[irosie91]

Why Donald Trump is bad for the global economy
I read an article written by an Anti-Trump person and while there are some bias, he had some good points. I think if you take into account just the global economy, Hillary would do a much better job?
Discuss

Edit: would he be bad just for the American economy or the global economy as well?

My biggest concern regarding Trump and our economy is that his trade proposals sound like a recipe for a Trade War- and that can lead to Global Depression. If Trump's policies start a Trade war- the rest of his economic proposals would be pretty immaterial- our economy would take a huge hit.

I never understood economics-----how do trade wars lead to
depression?

 

[The Great Goose]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

shit got cheaper you mean.

 

[TNHarley]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

Lol you don't think we have been in a trade war for decades?
Thought I would post this for the people that actually care

 

[irosie91]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

shit got cheaper you mean.

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

Lol you don't think we have been in a trade war for decades?
Thought I would post this for the people that actually care

no----more like Millennia

 

[Roudy]

Bottom line is Trump is right. Countries have been taking advantage of the US for the last three decades, destroyed our manufacturing and jobs in the process. This in turn has decimated cities that were flourishing not too long ago. It is clear that this has occured because corrupt politicians and consecutive administrations driven by special interests and bribery have let it happen.

While I am not for an all out trade war, I am definitely for tipping the trade scale back to where it is not at a disadvantage to the American economy and people.

 

[Syriusly]

Bottom line is Trump is right. Countries have been taking advantage for the last three decades, destroyed our manufacturing and jobs. .

How have they been taking advantage?

Its cheaper to make product in countries with lower wages and other lower costs. That is the essence of capitalism.

 

[irosie91]

Bottom line is Trump is right. Countries have been taking advantage for the last three decades, destroyed our manufacturing and jobs. This in turn has decimated cities that were flourishing not too long ago. It is clear that this has occured because corrupt politicians and consecutive administrations driven by special interests have let it happen.

While I am not for a trade war, I am definitely for tipping the trade scale back to where it is not at a disadvantage to the American economy.

I am not clear on what a trade war is. I do believe that in
business Trump is a BOTTOM LINE type of guy----and as
president of the USA -----that BOTTOM LINE will have to
be ENTIRELY in favor of the USA

 

[irosie91]

Bottom line is Trump is right. Countries have been taking advantage for the last three decades, destroyed our manufacturing and jobs. .

How have they been taking advantage?

Its cheaper to make product in countries with lower wages and other lower costs. That is the essence of capitalism.

Federal government exists to make sure that the USA
economy does not SUFFER----that's why "god" invented
tariffs and stuff like that

 

[Syriusly]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

Lol you don't think we have been in a trade war for decades?
Thought I would post this for the people that actually care

LOL- you have a different idea of a Trade War than most people.

Remember Smoot-Hawley: America's last trade war worsened Great Depression
Remember Smoot-Hawley: America's last trade war worsened the Great Depression
In 1930, Congress slapped tariffs on all countries that shipped goods to America in an effort to shield U.S. workers.

It was called the Smoot-Hawley Act, named after two Republicans Congressman, Reed Smoot and Willis Hawley.

And it is widely accepted that it made the Great Depression worse than it would have been.

"Smoot-Hawley really demonstrated what a bad idea tariff increases are," said Alan Deardorff, a trade expert at the University of Michigan.

To get the law passed, Congressmen had to support each others' tariffs. If one needed a tariff to protect textile workers, another needed a tariff to protect farmers. It snowballed, resulting in hundreds of tariffs.

Tariffs for imported eggs went from 8 cents to 10 cents a dozen. Onions rose from 1 cent to 2.5 cents. Sugar, peas and wheat rose too. Those might sound small but this was 1930 after all, and the increases infuriated other nations.

Related: The truth about Trump, trade and U.S. jobs

European countries, such as Spain, Italy and Switzerland, retaliated with tariffs of their own, and a trade war began.

The biggest retaliation came from Canada. Gobsmacked that the U.S. raised tariffs on eggs, Canada raised tariffs on U.S. eggs to 10 cents from 3 cents.

Here's how that worked out: U.S. exports of eggs to Canada fell to about 7,900 dozen in 1932 from 919,000 dozen in 1929.

"It sounds easy that we block imports and create jobs here but we forget about what other countries can do to us," says Doug Irwin, an economics professor at Dartmouth and author of "Peddling Protectionism: Smoot-Hawley and the Great Depression."

 

[Syriusly]

Bottom line is Trump is right. Countries have been taking advantage for the last three decades, destroyed our manufacturing and jobs. This in turn has decimated cities that were flourishing not too long ago. It is clear that this has occured because corrupt politicians and consecutive administrations driven by special interests have let it happen.

While I am not for a trade war, I am definitely for tipping the trade scale back to where it is not at a disadvantage to the American economy.

I am not clear on what a trade war is. I do believe that in
business Trump is a BOTTOM LINE type of guy----and as
president of the USA -----that BOTTOM LINE will have to
be ENTIRELY in favor of the USA

Trump is a bottom line kind of guy- he is in for what is best for Trump- not what is best for the United States

 

[Syriusly]

I think I've already got enough cheap Chinese, lead filled products in my garage to last a lifetime. It's time for a trade war.

The last real Trade War ended up driving the United States into the Great Depression.

shit got cheaper you mean.

No 'shit' got more expensive as the United States put a hefty tax on imports, and other countries retaliated by putting a tax on imports from America- which hurt American industry and farmers.