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Topic	if you ask the average liberal why something Trump did is bad they can't answer
DavidWong 07/23/18 7:56:23 AM #29:	ChessInFiveD posted... DavidWong posted... ChessInFiveD posted... You can't win a trade war with the US in 2018. The great depression and recession weren't caused by tarrifs, maybe tarrifs hurt more during them. We aren't headed towards a recession no matter how much liberals pray for one. The thing is, nobody wins trade wars. They're economically devastating to whoever participates. Even if America "wins" the trade war, your economy will take a major hit. That is what happens. This isn't a Trump thing. This is basic economics. Not once in the history of economic policy have tariffs and protectionist policies led to a positive impact on economy. The economy will be fine. Trump is leading us to a business boom. More people are optimistic than every. This is the perfect time to look for better trade deals. Okay, let's play hypothetical America has business boom America goes out and tears up all their deals and makes ones that benefit America more and their trade partners less. Let's say these deals all go through, for BIG BUSINESS REASONS Trade partners get raw end of deal Trade partners economies crumble Trade partners no longer trade with US because it's not viable for them America needs to now make their own steel/electronics/vehicles again Americans aren't going to work for $2 a month so cost of TV goes to $10,000, cost of average car goes to $80,000 otherwise businesses don't make profit Nobody buys goods and services because too expensive Companies increase prices Still no buyers Companies sack everyone People have no money to buy goods and services and there's no jobs because companies can't sell their goods and services STAGFLATION --- COOK WITH A GEORGE FOREMAN GRILL JUST TO DRINK OUT THE DRIP TRAY <cite>DavidWong posted [p:905569559] in if you ask... [t:76833609]...</cite> <quote><cite>ChessInFiveD posted...</cite> <quote><cite>DavidWong posted...</cite> <quote><cite>ChessInFiveD posted...</cite> <quote>You can't win a trade war with the US in 2018. The great depression and recession weren't caused by tarrifs, maybe tarrifs hurt more during them. We aren't headed towards a recession no matter how much liberals pray for one.</quote> The thing is, nobody wins trade wars. They're economically devastating to whoever participates. Even if America "wins" the trade war, your economy will take a major hit. That is what happens. This isn't a Trump thing. This is basic economics. Not once in the history of economic policy have tariffs and protectionist policies led to a positive impact on economy.</quote> The economy will be fine. Trump is leading us to a business boom. More people are optimistic than every. This is the perfect time to look for better trade deals.</quote> Okay, let's play hypothetical America has business boom America goes out and tears up all their deals and makes ones that benefit America more and their trade partners less. Let's say these deals all go through, for BIG BUSINESS REASONS Trade partners get raw end of deal Trade partners economies crumble Trade partners no longer trade with US because it's not viable for them America needs to now make their own steel/electronics/vehicles again Americans aren't going to work for $2 a month so cost of TV goes to $10,000, cost of average car goes to $80,000 otherwise businesses don't make profit Nobody buys goods and services because too expensive Companies increase prices Still no buyers Companies sack everyone People have no money to buy goods and services and there's no jobs because companies can't sell their goods and services STAGFLATION --- COOK WITH A GEORGE FOREMAN GRILL JUST TO DRINK OUT THE DRIP TRAY</quote> ... Copied to Clipboard!
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