Reply to: Something Interesting from Trumps Speech last night

[BlasterBates]

Isolationism works both ways. If you're going to tax imports, other countries are going to tax your exports. You want to make sure that for every additional car you make for a domestic market, you lose less than 1 sale abroad. Of course no one outside the US buys american cars because corners

When George W Bush became president, he slapped on tariffs to protect. the steel industry. This measure protected 5000 jobs.The trouble was this made steel very expensive for the manufacturers who couldn't compete to export so they had plans to lay off 50,000 workers.

After a year George Bush gave up. That was to stop 50,000 workers being laid off

Protectionism is like a bubble in the carpet you can stamp on the bubble but it will simply appear somewhere else. Trump is going to find this out.

[milanbenes]

Isolationism works both ways. If you're going to tax imports, other countries are going to tax your exports. You want to make sure that for every additional car you make for a domestic market, you lose less than 1 sale abroad. Of course no one outside the US buys american cars because corners

If isolationism and protectionism is sooooo bad, it can't be any worse than our openism which we've had for the last 40 years ?

we all know how successful openism has been

let's give isolationism and protectionism a try we might be surprised

Milan.

[deebeegee]

What's not to like ?

Isolationism works both ways. If you're going to tax imports, other countries are going to tax your exports. You want to make sure that for every additional car you make for a domestic market, you lose less than 1 sale abroad. Of course no one outside the US buys american cars because corners

[milanbenes]

the cheap goods are the root of the problem and should be removed from the market

you see, champagne socialism in action

Milan.

[shaunbhoy]

the problem is those who just want the cheapest without considering the consequences of their selfishness

Milan.

But what about those that opt to buy the cheapest because they are skint?

[PurpleGorilla]

I do wear British made shoes and knitwear though.

[MrMarkyMark]

being a champagne socialist I am happy to pay more for goods and services if the workers involved are in my country, therefore, keeping money sloshing around in the local economy rather than just sending every penny abroad

the problem is those who just want the cheapest without considering the consequences of their selfishness

Milan.

Difficult to do with most things here.
Having foreign owned transport is one of the biggest shams we have.

I do wear British made shoes and knitwear though.

[milanbenes]

being a champagne socialist I am happy to pay more for goods and services if the workers involved are in my country, therefore, keeping money sloshing around in the local economy rather than just sending every penny abroad

the problem is those who just want the cheapest without considering the consequences of their selfishness

Milan.

[VectraMan]

yes and that is precisely what Trump is offering when he said, if companies want to sell their goods in the US then they should make those goods in the US

This way, jobs will be created, and the people will share the success

What's not to like ?

Milan.

Assuming the people have exactly the same amount of money and buy the same goods that now cost more.

Protectionism. It's great.

[NickFitz]

I think it's probably more related to the unknown that is Donald J Trump, unknown's introduce risk, the stock market algorithms are probably reacting to that risk

Plenty of work for contractors rejigging the algorithms by adding IF stock IN news_story BUT 'Trump' ALSO IN news_story THEN IGNORE news_story everywhere

[PurpleGorilla]

yes and that is precisely what Trump is offering when he said, if companies want to sell their goods in the US then they should make those goods in the US

This way, jobs will be created, and the people will share the success

What's not to like ?

Milan.

It's worth trying something different.

Which is why I put a bet on Trump winning.

The last thing Clinton would do is 'drain the swamp'

[filthy1980]

That's the power of Twitter, not of Trump. If Obama had been so irresponsible as to tweet random garbage about companies, it would have had exactly the same effect. Probably even more of an effect, as people would have assumed he meant what he said, whereas the smart money knows Trump is just blustering and will have forgotten all about it and moved on to something else within twenty-four hours.

I think it's probably more related to the unknown that is Donald J Trump, unknown's introduce risk, the stock market algorithms are probably reacting to that risk

[milanbenes]

People want a fair share of the proceeds of growth, not for a free ride

yes and that is precisely what Trump is offering when he said, if companies want to sell their goods in the US then they should make those goods in the US

This way, jobs will be created, and the people will share the success

What's not to like ?

Milan.

[PurpleGorilla]

Inequality is defined as the massive gap between rich and poor, not sure why you are labelling it as Corbyn style. Its not something politicians define. The question is, do you trust a Pm who wears a £1K shoe to actually care about this ? The minted Tories will never fix it and their wealthy voters will keep voting them in since it suits them very much.

Now that Corbyn has taken this up seriously, I expect all Labour voters turning up at the next elections and delivering a landslide win. Tories will be decimated and in fact will probably be coming in last even after Lib Dems.

The first thing Corbyn should and will do is to implement the minimum income policy and set it at 25K. Every citizen, employed or unemployed should get 25K in his bank. That should go a long way to promote some social mobility as well.

People want a fair share of the proceeds of growth, not for a free ride, and not to be fleeced. Trouble is even the centre is now full of BTL scum who fleece the young and the poor.

[MrMarkyMark]

Mark, be nice to FullyAutomatix, don't put him off, this is very interesting.

FullyAutomatix, welcome to the conversation, please, ignore silly MarkyMark, please continue, tell us about these policies of inequality, this is fascinating, I'd love to know more, hear the full story so to speak, please go ahead the floor is yours.... do tell us how Britain will be when Jeremy comes to power....

Milan in "can't wait to hear this" mode.

I do apologise Milan, we should allow everyone to speak here, I'm now also awaiting his next instalment eagerly.

I wont ignore that deluded fool, Tory voters like him need some education in proper and fair governance. Too much Tory governance has scrambled his brains.

Hmmmm...........so you know how I vote, do you?

You are a very clever sock man, you really are