Showing posts with label Trade. Show all posts
Showing posts with label Trade. Show all posts

Friday, March 19, 2021

Ford Sending Jobs To Mexico. Thanks China Donald!

Turns out the former guy was a dotard that lied about keeping jobs in the United States. Gee, what a surprise. Krystal Ball (identifies as liberal but rooted for Dotard) and her republican co-host (on HillTV program "Rising") talk about how they were dumb enough to allow Dotard to dupe them into believing he'd stop American jobs from being exported to low wage countries.

Over on the blog of the Dotard cultist, Minus FJ, the blame goes to President Joe Biden. Of course. Because such plans take time and certainly would have been in the works under the prior guy. First Saagar (the republican) points out that Ford is backing out of a deal to keep the jobs US-based that came together under Dotard.

Now Ford says it's moving jobs to Mexico. Saagar says he thought Dotard might actually do something. "I saved your jobs" Dotard said. He was talking about the Carrier furnace plant in Indianapolis. But he didn't. As per the Indy Star, "despite Trump's lofty promises, companies have continued to send jobs overseas".

Dotard claimed he was a master at "the art of the deal", but he's actually a horrible deal-maker. Why Carrier told American workers "too bad" and gave their jobs to foreigners who'd work for significantly less. Krystal admits she was also dupped. "I thought like you did. ...he went to the Carrier plant [but] then he doesn't follow up. That one went overseas anyway". Then she apologized for being Dotard's useful idiot for the last 4 years.

Just kidding! Instead she pulls out the "both sides do it" card. Although on the subject of trade she has a point. Barack Obama did push the TPP. Perhaps why Minus is positive President Biden will revive it. Because (according to Minus) "China Joe" is in China's pocket. Joe Biden wants to destroy American jobs while Dotard (if he only had another 4 years) would have saved them.

Even though he never started trying. Instead the trade deficit increased bigly during the Dotard administration. Yet the problem is somehow all attributal to "China Joe". And, even though he works for China, he's sending the jobs to Mexico.

The "Rising" video proves it's all Joe Biden's fault. Even though co-host Saagar admits, "it probably would have happened to Trump too". Ford sending jobs to Mexico, that is. "Offshoring is back" Minus claims. Implying it stopped under Dotard.

But it didn't. Dotard made bad deals that fell though. After he touted his successes, took the credit and sang his own praises. Which must have fooled Minus. That, or he lies. btw, re FoxConn, the deal Dotard negotiated turned out to be spectacularly bad.

"Wisconsin approved more than $3bn in incentives to bring Foxconn to the US state". FoxConn and Dotard promised 30,000 jobs but delivered 218. The Register describes it as (probably) "one of the biggest political and economic con-jobs the US has ever witnessed".

Thanks China Donald!

Post authored by the anti-Trump Leftist Bastard Dervish Sanders. WYM-251.

Sunday, October 6, 2019

predisent Dotard Does Not Have The Power To Levy Tariffs

Dotard tRump'a idiotic trade war with China is another abuse of the powers of the presidency. He is not actually authorized to impose tariffs. Tariffs being the province of Congress and not the Executive.

Wikipedia/Trump Tariffs: ...the International Emergency Economic Powers Act shifted [section 8] powers even more towards the White House. The Trump administration claims that it gives the President the authority to raise tariffs without any limits during a national emergency of any kind. Legal scholars disagree because the IEEPA does not mention tariffs at all and transfers no authority of tariffs towards the President.

(Note: Section 8 of the US Constitution says "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises...).

Dotard does not have the power to levy tariffs. At all. Even in a "national emergency", which we aren't in. But Dotard thinks we are in some kind of "globalism emergency" -- I guess. While I don't entirely disagree, China is ripping us off because the oligarchs bought off (mostly) Congressional republicans. republicans are the "free trade" party while Democrats have traditionally been the party opposed to sending our jobs overseas (WJC and BHO being exceptions and not the rule). And Dotard is going about fixing the problem in entirely the wrong manner.

The real solution to this problem is to elect a Democrat who wants to work with Congress to fix our trade policies. Either Bernie Sanders or Elizabeth Warren. Dotard's use of Executive powers (he does not actually have) means that, unless a trade agreement with China is reached and passed by Congress, nothing is accomplished. The next president won't continue the stupid tariffs (especially if the Democratic president isn't Sanders or Warren but one of the other more "moderate" Dems). One thing that WILL be accomplished (and will stick), however, is the harm to our agricultural export markets.

This explains why Dotard's tariffs are not working. China knows that they only need to wait until Dotard leaves office (by impeachment or by being defeated in 2020). Their pain is temporary. What little pain they suffer due to the tariffs. American consumers pay the tariffs (contrary to what the lying Dotard claims). China's strategy has been to devalue their currency to make up for (some) of the assessed tariff.

American companies know this. Which is why they don't move production back to the US and employ Americans to make their products. All they need to do is wait for Dotard to leave office and it's back to business as usual (under republicans and 3rd way conserva-dems). So why the HELL should they negotiate a new trade agreement? Especially when the predisent's own party does not support tariffs.

The ONLY long term accomplishment that Dotard is cementing in place is the harm to farmers. The cartoon I posted at the top of this post is funny, but not quite representative of how badly Dotard is harming American farmers. Bankruptcies and suicides among American farmers are up, which isn't funny at all. And it makes one wonder why the hell so many farmers continue to support him. The Dotard subsidies to farmers only make up a portion of the money they are losing. And the subsidies won't continue forever. They will go away, but the markets are lost.

China is going elsewhere to buy the agricultural goods they were buying from American farmers. I've heard South America. And they'll continue to buy these goods from South America regardless of what happens. What happens, BTW, won't be that China bows to Dotard's pressure and agrees to sign a new trade deal. Dotard's first term is almost over, so why wouldn't they simply wait him out?

We don't even need to negotiate with China. All we need to do is pass trade legislation through Congress that gradually raises tariffs. New legislation will prove to American businesses that manufacture their goods overseas that it's in their interest to move production back to the United States.

What we could have done, instead of giving these corporations a huge tax cut (which they used to buy back their own stock, as predicted, and not to give American workers raises), would have been to give corporations tax cuts conditioned on them moving production back to the US. Proof that Dotard doesn't know what the f*ck he's doing. Or he lied and this is all a show. Because, while I agree with Dotard concerning the threat of globalism, the incredibly stupid way he decided to "fight" it is not working.

The correct way to fight globalism is to change trade policy - legislation passed by congress which gradually raises tariffs. Legislation that would also give conditional tax cuts to these corporations. Hire Americans and get a tax cut. As opposed to giving unconditional tax cuts.

All the Dotard tax cut did was boost the stock market. Instead of doing squat to combat Dotard's supposed goal of fighting globalism. Do what the wealthy want (give them unconditional tax cuts) and OF COURSE the profits of the corporations they own will increase and the stock market will go up. Duh. Yet the trumpturds are fooled. And they (while crying about it during Obama's presidency) have no problem with Dotard's exploding deficits. So stupid.

Post authored by the anti-Trump Leftist Bastard Dervish Sanders. Cartoon from the 8/16/2019 issue of The Week (scanned and adjusted in Photoshop by me from a physical paper copy).WYM-136.