Posted on 06/29/2018 1:16:05 PM PDT by reaganaut1
China’s went up and the US’s stagnated. Is there a point to that? Every post Communist economy had a growth spurt. Russia had a recovery as well as Eastern Europe. As we are starting to see with Trump wage growth was stymied by high taxes and regulation not because we could buy cheap textiles and plastic stuff.
>>>Just buy American steel and aluminum and you don’t have to pay that additional cost. Plus shipping costs will be less
American steel has gone from $600 a ton a year ago to over $900 today.
Just saw cost of Chinese steel has fallen 35% so the 25% tariffs shouldn’t matter
Kind of funny coming from a company who constantly advertises $9K and more off their trucks as a standard practice....if they stop overpricing their product to make it look like they are giving good deals, nobody would notice when the tariffs affect costs....
GM’s problems are mostly self inflicted. Design quality in, keep costs down, sell products the public wants....how difficult is that?
>> if your class is nothing but free trade shibboleths, then I wouldn’t bother taking it, as there is nothing to be learned <<
Economics 301 is usually about price behavior in competitive, partially competitive, and monopolistic markets. It does not get into international trade.
>> If you think you can tax yourself to prosperity then you are not just tired but wornout <<
Agreed, but I guess there is no cure for willful stupidity.
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