Lord Long Rod
Diamond Member
- Jan 17, 2023
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- #61
First of all, this is not a Trump thread. So, yeah, the TDS is acute in your mind. Second, the whole "how much is enough" argument is nonsense and self-serving. The board of a directors at a corporation has a fiduciary duty to shareholders to not do anything to diminish the value of their equity. Margins need to be kept consistent or widened, not the other way around. Perhaps you should educate yourself on corporations and how they work before you start criticizing them.It may increase the costs of products if they are made in America.
Or, the company may not make as much. If I told you Walmart made 75 billion dollars last year would you say that's impressive? Well they made $150 billion.
In 2016, the single topic that most likely propelled Donald Trump to the White House by grabbing voters in Midwestern swing states was "free trade," as he repeatedly pointed out the stupidity of promoting offshore manufacturing simply to reduce labor expenses.
He promised to bring manufacturing back to America, and voters in the former manufacturing powerhouses of the Midwest bought his sales pitch. (Sadly, he was so incompetent that his efforts actually made things worse.)
If America Doesn't Implement the "Buy American" Vision Now, the 21st Century Will Be the Chinese Century
(Thom plus logo) Technological independence and repudiating "free trade" are key.A technological arms race is underway right now between China, the United States and Western Europe.The stakes include military superiority, economic prosperity, and the status of being the political and economic...www.thomhartmann.com