Posted on 09/25/2015 11:19:28 AM PDT by Steelfish
Trump Calls NAFTA A "Disaster" Trump on trade: The Republican presidential candidate calls NAFTA a disaster he will either break or renegotiate if he's elected president
Donald Trump wants to rip up the North American Free Trade Agreement as one of his strategies for creating new jobs for the middle class. The Republican presidential candidate tells Scott Pelley the free trade agreement between Mexico, Canada and the U.S. is a "disaster." He says he will either break or renegotiate it so he can enact tariffs that would dissuade manufacturers like Ford from building cars elsewhere that are meant for the U.S. market.
The Trump interview, in which he also tells Pelley his plans on immigration and reveals a major part of his tax platform for the first time, will be broadcast on the 48th season premiere of 60 Minutes, Sunday September 27 at 7:30 p.m. ET.
Who cares! USA debt is financing the Mexican economy. If it wasn’t for our economic hardship they wouldn’t be doing so fantastically well !
Comprender?
So, the Federal Government saying "If you buy a car from Company X, you pay no tax, but if you buy a car from Company Y, you pay a 35% tax" is conservative?? I'm gonna go with no.
Up is down. Black is white. Cats and dogs are living together. Taxes are conservative.
TTTT.....( Trump To The Top!)
Mexico is doing “so fantastically well” compared to “our economic hardship”? Wrong.
I support the idea of free trade, but I no longer believe that is what we have either here or overseas.
Therefore I have come full circle back to protectionism. I agree that may become the conservative position, but too many still believe a lie. What we have is NOT free trade. What we have is not capitalism. It’s all a rigged game to benefit the few at the expense of many.
The world seems upside down to me and the response to the housing bubble was the event that opened my eyes. The banks and government created the crisis and then bailed themselves out with trillions of dollars we borrowed from a private bank! Government is in collusion with the banksters pulling the strings and that is not capitalism or free trade.
Just won my.vote ... No republican will win without some populist bs
The tax is not mandatory, buy the domestic or don't buy at all.
Tariffs raised revenue and protected US industries until 1913. The US did quite well and was much more conservative then. So you are the one that is confused.
> “ I want to hear what he thinks and why.”
You can do that easily without cluttering up this forum by going to the link I provided:
http://www.huffingtonpost.com/entertainment
All your answers about he and his ilk can be found there.
I think it comes down to reality vs ideas. The idea of free trade is good - the implementation has been criminal. It’s not free trade when our government regulates businesses to death and makes employees so expensive that their products can’t compete with other nations that have cheap labor and little to no regulation.
Is it free trade when a corporation moves it’s production overseas cutting 1000’s of U.S. jobs and creating 1000’s of jobs in another nation simply to improve stock dividends? If you own the stock it’s good I suppose. If you live in the community that is gutted by the loss of jobs it sucks.
I am for free trade when it’s done on a fair and level playing field. We don’t have that now and we struggle to be competitive in many areas because of the hidden costs and taxation that Mexican companies don’t have. Until then, we will continue to gut our manufacturing base - no thanks.
So attack those regulations. Attack the factors that make domestic production . Don't layer additional taxes (tariffs) on top of the taxes and regulations that drive jobs away. Jobs have been driven away, in large part, by big, bloated, oppressive government. Using that big, bloated, oppressive government to tax companies in order to coerce them into keeping jobs here is NOT the answer.
After much consideration and emotional discussion, the House of Representatives passed the North American Free Trade Agreement Implementation Act on November 17, 1993, 234-200. The agreement's supporters included 132 Republicans and 102 Democrats. The bill passed the Senate on November 20, 1993, 61-38.[6] Senate supporters were 34 Republicans and 27 Democrats. Clinton signed it into law on December 8, 1993; the agreement went into effect on January 1, 1994.[7][8] Clinton, while signing the NAFTA bill, stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."[9]
I agree but you could eliminate all regulations and taxes and the US worker would still be unable to compete with third world wage workers. So you either have vibrant industrial economy at that employs Americans and keeps out workforce from becoming idle and absolute, or you don't.
tariff = tourniquet
Ahhh...
But I never said I supported NAFTA. A lot of folks on here just immediately jumped to that conclusion. Trump's remark about NAFTA was in response to the interviewer pointing out that NAFTA won't allow him to impose a new tariff. My initial comment and every response thereafter has been about tariffs.
No true free trade supporter is in favor of two government head honchos negotiation a trade deal. That's always going to be a case of you scratch my supporter's backs and I'll scratch your supporter's backs - the very opposite of free trade.
Actually, there used to be a perfectly good word for that. It was called "mercantilism". And what we now call capitalism used to be called liberalism. Marx and Mills screwed up the language.
The reason why is that it is always a one way street. We don’t need free trade. We need fair trade. The fact that our trading partners are allowed to flood our markets tariff free while charging tariffs on our goods has a hugely negative effect on our middle class and lower class workers.
It also requires that we have to raise taxes in other forms to cover operating expenses of the government. IE Income taxes.
And just who pays for these new tariffs once they trickle through the end product?
That is right, the person buying the end product........
I hate NAFTA CAFTA SHAFTA
Using that big, bloated, oppressive government to tax companies in order to coerce them into keeping jobs here is NOT the answer.
You make an excellent point. I don’t pretend to fully understand both sides, but I do recognize that what we have is badly broken and we defend words that are no longer true to their definition such as “capitalism” and “protectionism”. I want the smallest and least intrusive government possible, but I also want to keep as many jobs/industries here as possible despite cheaper wages elsewhere - the solutions would involve a host of things such as government, unions, taxes, etc.
However, it seems undeniable to me that our “competitors” have major advantages and we just shrug our shoulders in the name of “free trade.” I have never been a fan of tariffs, but I am not a fan of the games China plays (yes, I know it’s not NAFTA) to boost their exports or the games Japan played to keep our products out. Trump is right - we need to do something to level the playing field when we can.
In some ways, I believe manufacturing will come back to the U.S. sooner than we think because of automation, 3D manufacturing technology, and robotics. The problem will be that we have imported low-skilled people by the millions that will have a difficult time assimilating into such an economy. In that sense, Trump is right even if he does not always articulate it as such. Another example of the “Chamber of Commerce” and politicians screwing future generations of Americans for a bit of profit today.
I enjoy the discussion here and think both sides have valid points, but we must step away from invalid definitions that we instinctively defend without considering the many things we need to correct. I am curious to see how much Trump will (or if) he will talk about the other factors that created this problem. If he does not then nothing will change no matter what he does about NAFTA.
NAFTA was advertised as a job generator for Mexicans, so why are the Mexicans invading the US looking for jobs?
If you care to understand about the philosophical underpinings of the free traders, it involves the movement of goods, services, capital and LABOR across borders without hindrance or let.
So-called free trade has real life consequences, that includes the illegal alien invasion of our country.
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