“And you can talk about the middle class rot until you’re blue in the face but Donald Trump has offered not a single idea that would help slow the decay.”
Now, I’m questioning your level of attention to the Trump campaign. Since Trump (and Sanders, for that matter, who spoke of the same issues and in some cases had similar solutions) have brought the matter to national attention, even some global trade supporters have grudgingly admitted that the trade agreements we have in place are perhaps too beneficial for our corporations looking to shift workload overseas.
At any rate, Trump has suggested renegotiation of agreements, a more aggressive posture in international trade courts (we are currently very passive), selected tariffs, the labeling of China as a currency manipulator, bringing China’s subsidy system to the WTO, and other things.
What would that do? Well, here’s the EPI’s estimate:
“The elimination of currency manipulation could create between 2.3 and 5.8 million U.S. jobs in the next 3 to 5 years, and increase U.S. gross domestic product by $288 billion to $720 billion (between 2 percent and 4.9 percent). About 40 percent of the jobs gained would be in manufacturing, creating between 900,000 and 2.3 million U.S. manufacturing jobs. This win-win-win proposition would also increase tax revenue and reduce safety net expenditures, decreasing federal budget deficits by between $107 billion and $206 billion per year.”(Robert Scott, EPI)
Now, you may argue if you wish that you don’t think those things will WORK, or that they are BAD IDEAS, but they turn your “not a single idea” statement into a baldfaced lie.
“Stifle free trade and the price of goods are going to inflate faster than we’ve ever seen, that’s not even debatable.”
Depends on what sort of “stilfing” you’re doing — this is not all about tariffs, but currency manipulation as well — but that misses the point. The POINT is that only Trump is even thinking about addressing these problems, hence his support. The other candidate says nothing. Hence Trump’s support in the economic sectors under discussion.
“It’s been proven time and time again that free trade had very little to do with the loss of manufacturing jobs in this country.”
Logical fallacy. Argumentum ad populum. Means nothing without citations. Here’s mine:
Everybody wins, except for most of us: What economics teaches about globalization
ISBN-10: 1932066330 ISBN-13: 9781932066333 Paperback, $14.50, 148 pages, 6″ x 9″ Published by the Economic Policy…
“….shows that while the most privileged Americans have benefited from some cost-saving “efficiency gains” due to trade, increased global integration can harm most working Americans. Recently, Bivens estimated that the growth of trade with low-wage countries reduced the median wage for full-time workers without a college degree by about $1,800 per year in 2011.”
Why trade deals hurt Americans
Now that the U.S. is negotiating the Trans-Pacific Partnership, a massive trade deal with a dozen Asian nations, as…
In conventional economic theory, the free market should resolve such trade imbalances by adjusting the exchange rates until the deficits vanish. But it has failed to do so, most notably, because China is eager to send us its products for I.O.U.s and has kept its currency artificially low so that its products remain inexpensive. That’s not a free market. That’s a rigged market. And we’ve stood by and allowed the rigging to continue. That’s not in the comparative advantage theory either.
On Trade, Angry Voters Have a Point
In a recent study, three economists - David Autor at the Massachusetts Institute of Technology, David Dorn at the…
In another study they wrote with Daron Acemoglu and Brendan Price from M.I.T., they estimated that rising Chinese imports from 1999 to 2011 cost up to 2.4 million American jobs.
Even Mainstream Economists Starting to Admit that "Free Trade Agreements" Are Anything But ...
Trump and Sanders have whipped up a lot of popular support by opposing "free trade" agreements. But it's not just…
“The middle class is fine…”
Head-out-of-sand, please. Citations to follow. Income inequality has been rising since the late 60’s, which, interestingly, is when US companies started to build facilities overseas.
The Lonely Poverty of America's White Working Class
The lonely poverty of America's white working class Likewise, the groups that have been affected most viciously by…
Decline of the U.S. Middle Class
As the presidential primary season continues, much has been made of the appeal that candidates Donald Trump and Bernie…
“We have to stop giving a fuck about “America” as if it has real value or meaning, we need to care about humanity.”
Well, that will happen sometime in the next century, I suppose. But until we have full Star-Trek-like globalization, your own citizens must by definition come first. Or everyone in your nation suffers.
“But don’t get it twisted, no matter how much Trump beats his chest as a man of the people, defender of those being left behind, he doesn’t give a damn”
I don’t think ANY politician really gives a damn about anything but themselves. So, I care about ideas. YMMV.
“It’s rich people telling relatively poor people that so long as they work hard and keep their head down they will be ok — and it’s bullshit. The reason they push this narrative is that it benefits them to do so, because the harder they work the more money is funneled to the top.”
BINGO. And what narrative do the rich people push harder than anything? HOW GREAT GLOBALIZATION IS. How is it that you recognize the core problem between rich and worker but fail to see it in practice right in front of your eyes? Global trade is GREAT for national GDP and the cash accounts of the integrated global corporations. Heck, you get to produce more, sell more, and pay some software developer in India ten bucks an hour to produce for you. What’s not to like?
“Capitalism is modern day slavery, someone owns your money and someone else owns your time.”
Pfft. That’s true from a very cynical perspective. but at least in capitalism you get to decide if you’re a slave or not. With socialism you get no choice, and if you prefer not to participate, they jail you. To be a socialist requires you to spit on the Bill of Rights. In socialism, everyone’s a slave except the 1%. But, for some reason, that notion appeals to some people, oddly.
“So long as he has billions it means a billion people have nothing, that is what capitalism produces, disparity and inequality.”
The money supply is not a zero-sum game; you don’t understand basic economics. The people don’t gain when you rob Peter to pay Paul; the people gain when capital formation occurs and Paul gets a decent cut of the new money. (It also distorts your politics negatively. If you’re going to rob Peter to pay Paul, you’ve bought Paul’s vote.)
“But beyond ALLLLLL that, if you can look past the sexual assault allegations..”
Both candidates are dirty as sin. We can argue all day which one has less mud on them. Doesn’t get us anywhere. The only point we agree on is that if you elect her, all these same problems are going to be looking at us again in 2020.
“…and still cast your vote for him, you’re a shitty person.”
I’ll take it one step further. With all the real ISSUES cited above on the table, only a shitty person would ignore them and call half of america “shitty people.”
Hope that helps.