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Recessions are good

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  • SFGbob
    SFGbob Member Posts: 33,188

    SFGbob said:

    Can't wait for all the low paying jobs making plastic crap come back to the US.

    Sorry, this is more about the theft of about a trillion in IP a year which is one of the most important sectors of the US economy. It roughly translates to about 5% in immediate measurable GDP loss. How different do you think the economy would look with an added 5% growth per year in the last decade?
    Tell that to the farmers. It's not more about IP theft.
    What would you do about China's IP theft Owl?
    I'm not sure Bob. Maybe put a few people in jail if they step foot in the US. Ban certain products from being sold here(this is somewhat being done). I'm just not sure 10's of billions of dollars in agriculture subsidies is the best way. I'm certainly no expert, just like our President.
    So you have no answers but you do have a very sore snatch. Got it.
  • GDS
    GDS Member Posts: 1,470

    SFGbob said:

    Can't wait for all the low paying jobs making plastic crap come back to the US.

    Sorry, this is more about the theft of about a trillion in IP a year which is one of the most important sectors of the US economy. It roughly translates to about 5% in immediate measurable GDP loss. How different do you think the economy would look with an added 5% growth per year in the last decade?
    Tell that to the farmers. It's not more about IP theft.
    What would you do about China's IP theft Owl?
    I'm not sure Bob. Maybe put a few people in jail if they step foot in the US. Ban certain products from being sold here(this is somewhat being done). I'm just not sure 10's of billions of dollars in agriculture subsidies is the best way. I'm certainly no expert, just like our President.
    Also should say there's likely no silver bullet. Companies should take appropriate measures to protect their IP knowing someone is actively trying to steal it. I can see this visibly happening within my organization. My phone won't even charge through my company PC.
    Wouldn’t hurt to negotiate a trade deal with like minded allies that include the stiffest IP protections ever included in a trade deal. In that way we could isolate China by making our priorities the worlds priority. We could call it...oh I don’t know...maybe TPP?
  • TurdBomber
    TurdBomber Member Posts: 20,051 Standard Supporter
    dflea said:

    Trade wars were never easy to win, and only a dumbfuck like Trump would claim they are. Some are worth fighting, most aren't. But if you'll refer back to your fucking econ education, trade wars, tariffs and restrictions of free trade typically end in higher prices paid by consumers, a net loss of jobs and not too much else.

    So far we have billions in welfare payments to farmers, entire markets closed to US agricultural products, billions more in losses to the US economy due to higher prices on imported materials from China, one party's currency being devalued, annnnnnnnnnnnnnnnnnnd nothing's changed. Well, maybe the likelihood of a global recession has gone up.

    Smart move. Probably why nobody else dived into it earlier.

    China's been cheating to win a trade war for 20 years. The US finally punched back.

    Dems fucking suck at economics. That's why they're embracing Socialism with open arms.

    If you want to throw your lot in with them, suit yourself. I'd expect you to know better.
  • Bendintheriver
    Bendintheriver Member Posts: 7,178 Standard Supporter
    edited August 2019
    2001400ex said:

    Can't wait for all the low paying jobs making plastic crap come back to the US.

    Sorry, this is more about the theft of about a trillion in IP a year which is one of the most important sectors of the US economy. It roughly translates to about 5% in immediate measurable GDP loss. How different do you think the economy would look with an added 5% growth per year in the last decade?
    Um. Unemployment would be lower and would be harder to find good workers and prices would be thru the roof.
    Oh FFS.........you are one clueless MF'r
  • dflea
    dflea Member, Swaye's Wigwam Posts: 7,287 Swaye's Wigwam

    dflea said:

    Trade wars were never easy to win, and only a dumbfuck like Trump would claim they are. Some are worth fighting, most aren't. But if you'll refer back to your fucking econ education, trade wars, tariffs and restrictions of free trade typically end in higher prices paid by consumers, a net loss of jobs and not too much else.

    So far we have billions in welfare payments to farmers, entire markets closed to US agricultural products, billions more in losses to the US economy due to higher prices on imported materials from China, one party's currency being devalued, annnnnnnnnnnnnnnnnnnd nothing's changed. Well, maybe the likelihood of a global recession has gone up.

    Smart move. Probably why nobody else dived into it earlier.

    China's been cheating to win a trade war for 20 years. The US finally punched back.

    Dems fucking suck at economics. That's why they're embracing Socialism with open arms.

    If you want to throw your lot in with them, suit yourself. I'd expect you to know better.
    Not engaging in trade wars isn't a Democrat idea, you fucking goat.
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    Can't wait for all the low paying jobs making plastic crap come back to the US.

    Sorry, this is more about the theft of about a trillion in IP a year which is one of the most important sectors of the US economy. It roughly translates to about 5% in immediate measurable GDP loss. How different do you think the economy would look with an added 5% growth per year in the last decade?
    Um. Unemployment would be lower and would be harder to find good workers and prices would be thru the roof.
    Oh FFS.........you are one clueless MF'r
    So what exactly is wrong with my response?
  • TurdBomber
    TurdBomber Member Posts: 20,051 Standard Supporter
    dflea said:

    dflea said:

    Trade wars were never easy to win, and only a dumbfuck like Trump would claim they are. Some are worth fighting, most aren't. But if you'll refer back to your fucking econ education, trade wars, tariffs and restrictions of free trade typically end in higher prices paid by consumers, a net loss of jobs and not too much else.

    So far we have billions in welfare payments to farmers, entire markets closed to US agricultural products, billions more in losses to the US economy due to higher prices on imported materials from China, one party's currency being devalued, annnnnnnnnnnnnnnnnnnd nothing's changed. Well, maybe the likelihood of a global recession has gone up.

    Smart move. Probably why nobody else dived into it earlier.

    China's been cheating to win a trade war for 20 years. The US finally punched back.

    Dems fucking suck at economics. That's why they're embracing Socialism with open arms.

    If you want to throw your lot in with them, suit yourself. I'd expect you to know better.
    Not engaging in trade wars isn't a Democrat idea, you fucking goat.
    Bull Fucking Shit! If Trump's for it, the Dems are in lock-step against it. Where you been?

    Generally, you're right. Specifically, at this time, you are completely wrong.

    NeoLiberal attitudes about Free-Trade had spread from R's to D's until Trump got elected.

    Remember a guy named Al Gore shilling for NAFTA? Apparently not.