Thursday, May 16, 2019
The 90 Miles Mystery Box: Episode #623
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
from the mysterious to the familiar.
If you decide to open it, you could be disappointed,
you could be inspired, you could be appalled.
This is not for the faint of heart or the easily offended.
You have been warned.
Wednesday, May 15, 2019
Study finds Trump's China tariff would create 1.36 million jobs
Tariffs, after all, are paid by American consumers who buy Chinese products, reporters have needled White House officials into confirming.
But one columnist, admitting he is “no fan of the president,” has had enough of the “partisan, inaccurate drivel.”
Marketwatch columnist Brett Arends writes: “Yes, tariffs are ‘costs. But they do not somehow destroy our money. They do not take our hard-earned dollars and burn them in a big pile. Tariffs are simply federal taxes. That’s it. The extra costs paid by importers, and consumers, goes to Uncle Sam, to distribute as he sees fit, including, for example, on Obamacare subsidies.”
He went on: “It wasn’t long ago the media [were] complaining because Trump was cutting taxes. Now it’s complaining he’s raising them. Confused? Me too. And the amounts involved are trivial. Chicken feed.”
But now there’s even more ammunition for those who support Trump’s insistence on a fair trade relationship between the U.S. and China.
A study by the Coalition for a Prosperous America found that a potential 25 percent across-the-board tariff on all imports from China would deliver “significant, sustained benefits for the U.S. economy.”
It would create 1.36 million additional jobs and an additional $232 billion to GDP over five years, the study concluded.
“China’s rise has come at the expense of U.S. jobs and manufacturing,” said CPA Chairman Dan DiMicco. “This new research demonstrates just how much the United States stands to gain from reclaiming our manufacturing base. Blind adherence to free trade clearly hasn’t worked, and boosting domestic production should now be our top priority.”
The organization’s chief economist, Jeff Ferry, and senior economist, Steven Byers, built a “detailed model of U.S. trade with China to examine the effects of the imposition of a permanent, across-the-board 25 percent tariff on U.S. imports from China,” CPA said.
“The model showed that a 25 percent tariff boosted annual growth in U.S. gross domestic product each year in the five-year projection, contributing 0.2 percent of additional GDP growth in 2023 and 2024. Overall, this ‘permanent across-the-board 25 percent tariff’ (PATB-25) would add $232 billion to total GDP by 2024, equivalent to a $700 bonus for every American.”
As a result of such a tariff, some production would be moved back from China to the United States or to lower-cost third countries.
“Overall, this would stimulate both U.S. consumption and production, adding 365,000 manufacturing jobs. By 2024, $69 billion worth of annual production would have migrated from China to the United States,” the organization said.
“Our model demonstrates that across-the-board U.S. tariffs on Chinese imports stimulate the U.S. economy, increase U.S. production and jobs, and lead to a reduction in U.S. import costs over time,” Ferry explained.
“The model provides additional evidence that decoupling the U.S. economy from China and its predatory trade and subsidy practices will make the U.S. economy stronger, with more production, investment, and...
AOC Suffers From This Specific Medical Condition....
OUCH: Former Obama economic adviser slams AOC for making ‘the most economically ignorant statement he’s ever read’ and LOL
...me neither..
Typical Politician:Do As I Say Not As I Do...
Deep Thoughts With Alexandria Ocasio-Cortez #7...
Deep Thoughts With Alexandria Ocasio-Cortez #5...
Deep Thoughts With Alexandria Ocasio-Cortez #4...
Deep Thoughts With Alexandria Ocasio-Cortez #2....
Deep Thoughts With Alexandria Ocasio-Cortez #1....
The Lunatic Fringe Episode #2
FAIR WARNING:
If you are far left of center, this will trigger you.
This will upset you.
DO NOT UNDER ANY CIRCUMSTANCES CONTINUE
BEYOND THIS POINT.
BEYOND THIS POINT.
Now if you have a healthy sense of humor, prepare for leftist lunacy that we will mock, laugh at, and disparage in every way possible. We will intentionally trigger leftists, and enjoy every second of it.
Trump's China Tariffs Will Succeed
The countries with which the U.S. had the largest trade deficits (goods and services) in 2018 were:
- China - $379 billion
- Mexico - $78 billion
- Germany - $67 billion
- Japan - $58 billion.
On Friday, President Donald Trump took a huge step toward doing just that. He raised the U.S. tariff rate from 10% to 25% on $200 billion per year worth of Chinese goods that were being imported into the United States. Back in July, when Trump had initially imposed the 10% tariffs on Chinese imports, China responded by imposing tariffs on $110 billion of U.S. exports to China.
Trump also threatened to place tariffs on the other Chinese goods being imported each year into the United States. This gives the U.S. leverage that China can’t match. As a result of its mercantilist strategy, China exported $540 billion worth of goods to the U.S. but only let $121 billion worth of U.S. goods into China in 2018. (Mercantilism is the “beggar-thy-neighbor” economic strategy of maximizing exports and minimizing imports in order to grow at one’s trading partners’ expense.)
China has been engaged in economic warfare against the U.S. for decades. China leverages all available means to achieve its mercantilist ends -- from manipulation of its currency, to tariffs, to non-tariff barriers, to forced technology transfer, to outright stealing of technology.
The negative consequences of China’s trade policies have hit many parts of the United States and many regions of the U.S. economy. Innovation, marriage, health, and welfare suffered as a result of what economists term the China shock.
The massive trade surpluses accumulated by China have reflected and catalyzed the massive transfer of technological and manufacturing capacity from the free world to China's censored, repressed, firewalled, and very much unfree...
When Reality Slaps You In The Face...
When You Begin To Understand That Separating Sports By Gender Is A Privilege And Women Athletes Cannot Complete With Men Athletes, And Democrats Are Mentally Ill.
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