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by michaelmrose
593 days ago
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Actual working economists weighed in on both Biden's handling of the recovery especially in context of an executive only strategy with a do nothing congress and the wisdom of Trumps tariffs. I choose to believe their analysis not yours. The fact that you think posting Google AIs take on the matter is useful or proves something indicates a deficit in understanding not only of the topic but how and why humans communicate. Trump suggested ruinously high tariffs not only on China but everywhere other than the US and believed that this would be not a spur to move people to US goods but somehow a continuous tax on other countries. He also suggested putting this forward immediately to open the money spigot to our country that would distribute this new found wealth. There is no way that our economy aligns around home produced goods that don't even exist in sufficient quantity nor price in any reasonable time frame. Instead you get massive price increases in price while people scramble, trade wars, supply shortages, knock on effects for people whose own economic activities require goods they can't get at a reasonable price and price increases in domestic goods and services which require foreign goods and services (most of them) and recession. This is without the additional shock to the system of putting tens of millions of productively employed individuals in concentration camps and the widespread unrest that is sure to follow that action. None of this positions the US well to invest in domestic goods because people don't invest in the middle of unrest. If Trump keeps his campaign promises the entire economy is going down the crapper. |
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