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Two Problems With the Trade Deficit
An ongoing trade deficit is detrimental to the nation’s economy because it is financed with debt. The United States can buy more than it makes because it borrows from its trading partners. It's like a party where the pizza place is willing to keep sending you pizzas and putting it on your tab. This can only continue as long as the pizzeria trusts you to repay the loan. One day, the lending countries could decide to ask America to repay the debt. On that day, the party is over.
A second concern about the trade deficit is the statement it makes about the competitiveness of the U.S. economy itself. By purchasing goods overseas for a long enough period of time, U.S. companies lose the expertise and even the factories to make those products. Just try finding a pair of shoes made in the America. As the United States loses competitiveness, it outsources more jobs, and its standard of living declines.
How the US Trade Deficit Hurts the Economy
Your first point is bullshit. The national debt has nothing to do with the trade deficit. We have a trade deficit because you and I and just about every other American chooses to buy things made in other countries. Every toaster bought from China at a WalMart or every BMW bought from the dealer or ever bottle of wine from Italy. They are all being bought by the citizens and not the government.
We have a national debt because the federal government spends more money than it brings in, but it is not spending that money on buying foreign goods.
I do agree we lose expertise and factories over time, but if those jobs are replaced with similar paying jobs, then there is no change in standard of living
That is a very nice picture, is it your front yard?
So many fuckin dumb greedy Americans. Many would gladly sell their fellow Americans out to get a cheaper washer & dryer. One could rightfully call those folks 'Traitors.'
I'm washing my laundry in my brand new high tech washing machine today. I bought it last week because I'm not a poor libtard who is incapable of shopping for a good deal. It is a 700.00 machine and I got it for 350.00
So many fuckin dumb greedy Americans. Many would gladly sell their fellow Americans out to get a cheaper washer & dryer. One could rightfully call those folks 'Traitors.'
Cool, what do you call Rump then that had his ties and suits with his Rump brand made in China and Bangladesh? I will wait for his you spin him not being a traitor but MAGA!
Cool, more being made in the US would be even better. At least Trump's trying. That's so much more than many past US Presidents have done.
Yes, Trump is trying to take away my freedom of choice.
Trump is trying to pick winners and losers in the economy.
And Trump is trying to give the central government even more control over the economy!
Pretty soon we can be just like China and the EU!
China and the EU are laughing at the US. They're laughing all the way to the bank.
Yeah, sure they are. That is why we have a higher GDP than both of them, we have lower unemployment rate than both of them!
Our US Globalists have been selling American Workers out for decades. It's about time someone stood up for them. I truly respect Donald Trump.
What you wrote is a lie. You lied as always.
Low Yields, multiple defects and the lack of continual improvement put Americans out of jobs. Other countries have figured out how to make similar products less expensive while using less materials. Think KAIZEN.
Funny thing though, the American Manufacturing Companies are subsidied to keep jobs here in the States. Think the Southern State auto industry and right to work states (right to fire your ass) which is a Socialistic policy.
So much for American Capitalism and free trade.
Your first point is bullshit. The national debt has nothing to do with the trade deficit. We have a trade deficit because you and I and just about every other American chooses to buy things made in other countries. Every toaster bought from China at a WalMart or every BMW bought from the dealer or ever bottle of wine from Italy. They are all being bought by the citizens and not the government.
We have a national debt because the federal government spends more money than it brings in, but it is not spending that money on buying foreign goods.
I do agree we lose expertise and factories over time, but if those jobs are replaced with similar paying jobs, then there is no change in standard of living
Low Yields, multiple defects and the lack of continual improvement put Americans out of jobs. Other countries have figured out how to make similar products less expensive while using less materials. Think KAIZEN.
Cool, more being made in the US would be even better. At least Trump's trying. That's so much more than many past US Presidents have done.
Yes, Trump is trying to take away my freedom of choice.
Trump is trying to pick winners and losers in the economy.
And Trump is trying to give the central government even more control over the economy!
Pretty soon we can be just like China and the EU!
China and the EU are laughing at the US. They're laughing all the way to the bank.
Yeah, sure they are. That is why we have a higher GDP than both of them, we have lower unemployment rate than both of them!
Our US Globalists have been selling American Workers out for decades. It's about time someone stood up for them. I truly respect Donald Trump.
What you wrote is a lie. You lied as always.
Low Yields, multiple defects and the lack of continual improvement put Americans out of jobs. Other countries have figured out how to make similar products less expensive while using less materials. Think KAIZEN.
Funny thing though, the American Manufacturing Companies are subsidied to keep jobs here in the States. Think the Southern State auto industry and right to work states (right to fire your ass) which is a Socialistic policy.
So much for American Capitalism and free trade.
So many fuckin dumb greedy Americans. Many would gladly sell their fellow Americans out to get a cheaper washer & dryer. One could rightfully call those folks 'Traitors.'
Cool, what do you call Rump then that had his ties and suits with his Rump brand made in China and Bangladesh? I will wait for his you spin him not being a traitor but MAGA!
That's called competition.
So many fuckin dumb greedy Americans. Many would gladly sell their fellow Americans out to get a cheaper washer & dryer. One could rightfully call those folks 'Traitors.'
Cool, what do you call Rump then that had his ties and suits with his Rump brand made in China and Bangladesh? I will wait for his you spin him not being a traitor but MAGA!
Low Yields, multiple defects and the lack of continual improvement put Americans out of jobs. Other countries have figured out how to make similar products less expensive while using less materials. Think KAIZEN.
In other words, LABOR UNIONS priced Americans out of jobs....and you don't know Kaizen from Kellogg's, honky.
Your first point is bullshit. The national debt has nothing to do with the trade deficit. We have a trade deficit because you and I and just about every other American chooses to buy things made in other countries. Every toaster bought from China at a WalMart or every BMW bought from the dealer or ever bottle of wine from Italy. They are all being bought by the citizens and not the government.
We have a national debt because the federal government spends more money than it brings in, but it is not spending that money on buying foreign goods.
I do agree we lose expertise and factories over time, but if those jobs are replaced with similar paying jobs, then there is no change in standard of living
No moron.....the national debt exists because the government borrows the money it spends, cutting off private enterprise from those funds, thus crippling our productivity. If you can't afford anything but a $6 Chinese hammer, maybe you should go pound sand.
Two Problems With the Trade Deficit
An ongoing trade deficit is detrimental to the nation’s economy because it is financed with debt. The United States can buy more than it makes because it borrows from its trading partners. It's like a party where the pizza place is willing to keep sending you pizzas and putting it on your tab. This can only continue as long as the pizzeria trusts you to repay the loan. One day, the lending countries could decide to ask America to repay the debt. On that day, the party is over.
A second concern about the trade deficit is the statement it makes about the competitiveness of the U.S. economy itself. By purchasing goods overseas for a long enough period of time, U.S. companies lose the expertise and even the factories to make those products. Just try finding a pair of shoes made in the America. As the United States loses competitiveness, it outsources more jobs, and its standard of living declines.
How the US Trade Deficit Hurts the Economy
Your first point is bullshit. The national debt has nothing to do with the trade deficit. We have a trade deficit because you and I and just about every other American chooses to buy things made in other countries. Every toaster bought from China at a WalMart or every BMW bought from the dealer or ever bottle of wine from Italy. They are all being bought by the citizens and not the government.
We have a national debt because the federal government spends more money than it brings in, but it is not spending that money on buying foreign goods.
I do agree we lose expertise and factories over time, but if those jobs are replaced with similar paying jobs, then there is no change in standard of living
That is a very nice picture, is it your front yard?
Grabbed it from goggle.
BUt similar pictures could be had from all around me. Not directly in my neighbor hood, but within a few minutes drive.
My point, I thought was obvious.
LIVING STANDARDS FOR DISPLACED WORKERS HAVE DROPPED.
Yes, Trump is trying to take away my freedom of choice.
Trump is trying to pick winners and losers in the economy.
And Trump is trying to give the central government even more control over the economy!
Pretty soon we can be just like China and the EU!
China and the EU are laughing at the US. They're laughing all the way to the bank.
Yeah, sure they are. That is why we have a higher GDP than both of them, we have lower unemployment rate than both of them!
Our US Globalists have been selling American Workers out for decades. It's about time someone stood up for them. I truly respect Donald Trump.
What you wrote is a lie. You lied as always.
Low Yields, multiple defects and the lack of continual improvement put Americans out of jobs. Other countries have figured out how to make similar products less expensive while using less materials. Think KAIZEN.
Funny thing though, the American Manufacturing Companies are subsidied to keep jobs here in the States. Think the Southern State auto industry and right to work states (right to fire your ass) which is a Socialistic policy.
So much for American Capitalism and free trade.
Right to work means you have the FREEDOM to take a job without being forced to join a union. That policy is no more "socialistic" than government saying you must hire qualified minorities if they apply for a job.
Years ago I remember applying for jobs and during the interview, it was told to me I had no choice but to join the union if they offered the job and I accepted. It's kind of like what the mob did demanding protection money.
So many fuckin dumb greedy Americans. Many would gladly sell their fellow Americans out to get a cheaper washer & dryer. One could rightfully call those folks 'Traitors.'
Cool, what do you call Rump then that had his ties and suits with his Rump brand made in China and Bangladesh? I will wait for his you spin him not being a traitor but MAGA!
Well he's trying to help American Workers now. I'll take what i can get. US Globalists have decimated American Workers. Time to help our own again. I'll pay a little more for a product if it means helping a fellow American out.
Wanna buy laundry equipment for your home? Good luck paying more than you used to, thanks to Donald J. Trump and his tariffs.
In this thread, we will come up with ideas as to how to lower said prices again:
Opinion | Trump’s tariffs are already backfiring
Two Problems With the Trade Deficit
An ongoing trade deficit is detrimental to the nation’s economy because it is financed with debt. The United States can buy more than it makes because it borrows from its trading partners. It's like a party where the pizza place is willing to keep sending you pizzas and putting it on your tab. This can only continue as long as the pizzeria trusts you to repay the loan. One day, the lending countries could decide to ask America to repay the debt. On that day, the party is over.
A second concern about the trade deficit is the statement it makes about the competitiveness of the U.S. economy itself. By purchasing goods overseas for a long enough period of time, U.S. companies lose the expertise and even the factories to make those products. Just try finding a pair of shoes made in the America. As the United States loses competitiveness, it outsources more jobs, and its standard of living declines.
How the US Trade Deficit Hurts the Economy
Your first point is bullshit. The national debt has nothing to do with the trade deficit. We have a trade deficit because you and I and just about every other American chooses to buy things made in other countries. Every toaster bought from China at a WalMart or every BMW bought from the dealer or ever bottle of wine from Italy. They are all being bought by the citizens and not the government.
We have a national debt because the federal government spends more money than it brings in, but it is not spending that money on buying foreign goods.
I do agree we lose expertise and factories over time, but if those jobs are replaced with similar paying jobs, then there is no change in standard of living
