baseman posted:caribny posted:Kari posted:. Trade deficits have to be understood as inflows of investment to the US economy over its savings rate.
Trade deficits are when the USA buys more than it sells. Nothing to do with net inflows of foreign capital.
Now as to Trump. Well when Americans display a willingness to pay higher prices for US made good, rather then buying cheaper imports, then jobs will no longer be shipped abroad.
So no Trump CANNOT wave his magic hand (the one which Rubio is obsessed with---homoerotic attraction maybe) and have jobs return to the USA.
What Trump, Sanders, and the other nativist need to study is why Germany, smaller than the USA, exports more industrial products.
All a trade war will bring is retaliation.
I agree [in principle] with some of what you say [not meaning your silly Rubio rant].
The US do need to understand why other nations export more than the US. I can tell you one reason, the US products are very American-centric and many products do not consider the reality of the foreign markets. I'm not talking military, commercial jets, drugs, etc, but more basic industrial and commercial products. They tend to be geared to the US market and US infrastructure reality.
Regarding the price to the US consumer of buying cheap, I don't think people understand the price to this society of having large swathes un/underemployed. The price is very high in terms of welfare, drug, crime and general decay and disenchantment within society.
What do you think is behind the Trump juggernaut? Don't blame Trump, don't blame the people, don't blame the victim!!! You of all, should understand this and what it means. You throw people under the bus due to race. Newt G was the best champion for prison reform, Trump is the best for blue-collar employment! You despise them cuz they are "White"!! Pastor Manning is correct about the likes of you!!
Trump is not a juggernaut. He is an old diesel powered by a third of gullible, marginally educated Republican electorate, hobbling along and dragging the remaining two thirds who hate him over the cliff. It is why they are so intent to save them selves and hope they can derail this derelict vehicle before they fall over.