Posted on 03/11/2018 10:25:15 PM PDT by cba123
I was a bit surprised to hear Cramer coming out in favor of the American tariffs.
Here is the interview. It is actually just a short chip from the show.
But I gotta hand it to Cramer, I liked this.
(Excerpt) Read more at youtube.com ...
But it sounded pretty supportive, to me.
Broad tariffs are one thing, but tariffs targeted at two raw materials like steel and aluminum really just end up pitting different U.S. industries against each other.
I wish I knew enough about Economics. I think most politicians are absolutely clueless and a talking head always has an opinion. POTUS and Cramer could be right.
All I care about is America FIRST.
As it turns out, any analysis of this proposed tariff will need to wait for the details. It is not a general broad tariff as was originally envisioned from Trump’s initial call, but now he has maximum flexibility to raise and lower the percentages and also exempt any country that is involved in defense supply chains or what ever else makes sense. So we will be watching a surgical process that probably will really end up being codified in new trade deals. What Trump said he wanted during the campaign.
This would be a positive thing if it led onto a limitation treaty, with actual import numbers listed and where the threat of another tariff action would occur. In the Europe situation, they ought to pick up the remains of the TTIP Treaty and solve this in a very quick fashion.
Strictly my thoughts. No evidence or science behind them.
I believe the worse two taxes that we pay are income tax and property taxes because they are assigned to us as individuals.
What my income amounts to should be a totally private matter. Why should the government know? Women are able to kill their unborn children as a matter of privacy, why isn’t something as meaningless as my income a matter of privacy.
What my property is worth is also a totally private matter. why should the government decide what the value of my property is? If you want to tax me, put a sales tax on it when I sell.
However, I am not against paying taxes because it is necessary to have a common point(government) doing certain jobs in society.
This can be accomplished without an individual identity through tariffs, sales tax, transaction taxes, gasoline taxes, liquor taxes and tobacco taxes. Although, I am against specific product taxes used as “sin” taxes because I believe that all citizens should share in paying taxes..
Take my money, just don’t make me give it to you from my payroll and an annual check.
In my opinion, too many people over react, especially those who have no economics or business background.
We have to remind ourselves that it’s the media’s sworn objective to gin up hysteria and sandbag anything Trump does.
“I agree. Trump’s style is to make outrageous statements for effect, then temper his comments as his position evolves to meet the actual requirements.”
Yeah, agree. And let’s not ignore that Trump isn’t starting a trade war. He’s responding to a trade war that many countries have been waging against us for a very long time. So, when he says he’s for fair trade he’s merely wanting to level the playing field. That’s all.
Absolutely! The Donald should not use the expression, “free trade,” rather, he should say, “fair trade.”
I agree completely.
FAIR trade. Not ‘free’ trade. Fair trade.
Perfect.
“I was a bit surprised to hear Cramer coming out in favor of the American tariffs.”
Why? Good indication of the complete success of historical revision. The United States built up the largest, most efficient industrial base in history partly due to the use of tariffs.
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People should wake up....Not only do most countries have tariffs, they even reject some imports for some ridiculous reason.
Cramer is a Dim, as far as I know. You can read into that whatever you want.
Oh I know a bit about Cramer.
But he was right on, in that video.
Part of the reaction depends on which bias anyone is looking through (and we all have a bias and the media lives off theirs).
If Trump is a “bomb throwing idiot who makes everything worse” then the tariffs will probably be bad.
If Trump is a “deal-making businessman who’s succeeded in a wide variety of areas” then the tariffs are the start of making fair trade deals that will probably help the US.
If Trump is an “egomaniac who won’t listen to anyone or admit a mistake”, then once the tariffs start making things bad, we’ll just head downhill in a trade war as fast as we can.
If Trump is willing to do a 180 when things don’t go how he planned, then the tariffs will do limited harm. He probably won’t actually say he was wrong, but doing a 180 is an admission.
I don’t think it makes sense to compare Trump’s tariffs to previous tariffs. There are many motivations for tariffs (e.g. Bush vs Hoover) and the global economy now vs other times and we don’t have enough data to make conclusions. I also don’t think you can look at anything Trump does in isolation. These 2 tariffs have relations to China, NK, NAFTA, our military (long term access to steel/aluminum), US manufacturing, and many other things.
All presidents have advisors who make them look at the bigger picture for any major decision. But (in my bias) I think Trump WANTS to do that and weighs all implications (immediate and 2nd order, etc). The last few presidents have tried to simplify predicted results down to the immediate effects around very narrow goal. Then they try to maximize the results toward that goal even if it harms other efforts. Trump looks at any decision through a MAGA lense, while most look at major decisions through an ideological lens with specific goals that may or may not MAGA in the big picture but do advance their ideology.
Is that a question?
Maybe you can explain to us how a tariff on two metals is so important to the economy of the U.S.
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