Trump’s tax cuts barely boosted growth or wages and is not paying for itself
Comments
-
Kind of tough to blame industry when they are being taken advantage of and targeted by a large state actor. Doubly so when our own state ties their hands because you know, rule of law.RedRocket said:
The private sector should have more foresight than the scorpion. Executive compensation places too much emphasis short-term value maximization. It's part of the China problem but is also a different problem.RaceBannon said:
The private sector is like the scorpion. Its going to do what it can to maximize profits because that's who it is. My friends on the left tell me the government is required to save them from their worst instincts.RedRocket said:Why is the private sector blameless in all of this? None of these companies were forced into JVs with China. They go in there knowing the risks but decide that cost savings or access to Chinese market is worth it. Hacking is a similar situation. Build better IT security infrastructure if you don't want China stealing your IP.
You dipshits are quick to place the onus on the individual when poor finanical choices are made. Where is the outrage at the private sector for not showing more responsibility here. China won't make any substantial concessions in future trade deals because of tariffs. Enforcement in China will always be lax. Worthless ding to the economy.
If that's not the case then lets do REAL free markets and let the winners win.
China will submit when they think they have to because we are serious. Not when our politicians and leaders are taking cash from them to sell us out
China needs us more than we need them. A market of a billion peasants is an illusion.
I don't think the tariffs will make them submit. Or if they do submit they likely won't enforce. For this to happen China will need a recession to come to bargaining table. If the US wants to go into negotiations with a strong hand our economy will have to continue to chug along. Trump also needs to win a second term or we're probably starting from scratch. Lots of ifs. Could work if everything plays out just right. If not we just wasted alot of economic productivity and we're back where we started.
Dem policy was way to passive in this entire sphere, either from naivete or by design. Our own government has been complicit in selling our industries out to the CCP.
Can you imagine if FDR had been cutting deals with the Nazis on the side, abetting in technology transfers from US industries, and then passing laws to prevent US companies from retaliating? That's what's been happening. -
No it's not TUFF to place some blame on industry for letting China take advantage of their short sightedness.UW_Doog_Bot said:
Kind of tough to blame industry when they are being taken advantage of and targeted by a large state actor. Doubly so when our own state ties their hands because you know, rule of law.RedRocket said:
The private sector should have more foresight than the scorpion. Executive compensation places too much emphasis short-term value maximization. It's part of the China problem but is also a different problem.RaceBannon said:
The private sector is like the scorpion. Its going to do what it can to maximize profits because that's who it is. My friends on the left tell me the government is required to save them from their worst instincts.RedRocket said:Why is the private sector blameless in all of this? None of these companies were forced into JVs with China. They go in there knowing the risks but decide that cost savings or access to Chinese market is worth it. Hacking is a similar situation. Build better IT security infrastructure if you don't want China stealing your IP.
You dipshits are quick to place the onus on the individual when poor finanical choices are made. Where is the outrage at the private sector for not showing more responsibility here. China won't make any substantial concessions in future trade deals because of tariffs. Enforcement in China will always be lax. Worthless ding to the economy.
If that's not the case then lets do REAL free markets and let the winners win.
China will submit when they think they have to because we are serious. Not when our politicians and leaders are taking cash from them to sell us out
China needs us more than we need them. A market of a billion peasants is an illusion.
I don't think the tariffs will make them submit. Or if they do submit they likely won't enforce. For this to happen China will need a recession to come to bargaining table. If the US wants to go into negotiations with a strong hand our economy will have to continue to chug along. Trump also needs to win a second term or we're probably starting from scratch. Lots of ifs. Could work if everything plays out just right. If not we just wasted alot of economic productivity and we're back where we started.
Dem policy was way to passive in this entire sphere, either from naivete or by design. Our own government has been complicit in selling our industries out to the CCP.
Can you imagine if FDR had been cutting deals with the Nazis on the side, abetting in technology transfers from US industries, and then passing laws to prevent US companies from retaliating? That's what's been happening.
The AMSC and Sinovel wind turbine software theft is a good case study. AMSC partnered with Sinovel to get access to Chinese market and gets their software stolen in the process. It was a profitable decision for a few years but eventually Sinovel pushed them out of the picture. How does AMSC not take the blame? US government took Sinovel to trail but couldn't do anything because execs don't reside in US. AMSC takes Sinovel to court in China and nothing happens because China is corrupt and doesn't enforce. Countless other examples where poor hapless US company was outsmarted by the big bad Chinese state. Not syaing that the US gov couldn't do more but also don't do business with bad actors.
Not sure why Dem policy is solely to blame. Repubs have had plenty of opportunity to DO SOMETHING when they've controlled both houses and held a presidency. Clinton actually made a tariff threat to China at one point over IP theft. China agreed to change and then continued to do nothing to enforce...it's what China does.
Obama put forward the TPP which, despite it's flaws, actually had a mehansim to bring Chinese IP theft to trial in international court. It also sounds like you were for the TPP and against tariffs before you were eventually for tariffs. Make up your mind about what the right solution is. IMO it's boring, multinational trade agreements.
