I gotta give Kanye credit. He is a talented producer who has great ideas for selecting who to collaborate with and who to hire for ghostwriting.
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I gotta give Kanye credit. He is a talented producer who has great ideas for selecting who to collaborate with and who to hire for ghostwriting.
Wisdom from the Gipper. :D
https://youtu.be/Tp1T7kPEdDY
I hope President Trump will heed the advice of the economists who are urging targeted tariffs on those nations who have not engaged in free/open trade, and not impose tariffs on those nations who have, mostly, been fair with the USA, especially those who are our allies.
"Free" trade is great, when ALL nations act in good faith. Some, like China, have not.
Here are some questions for those more macro economics savvy than I am.
A big piece of our middle class used to come from the factory workers making steel, cars, engines, etc. Some were unionized, some not. Much of this work has been shipped to countries where the standard of living is significantly less than that experienced in the USA, and these foreign workers make in a whole day about what an American middle class worker makes in an hour. How do you maintain your middle class when they cannot compete with the cheap labor from overseas without adding some sort of adjustment to the price of the product being imported to account for the wage difference and the likelihood that the foreign worker is probably receiving their benefits from the government and not the corporation?
I would think this is a huge cause of the wage stagnation we've been experiencing here in the US for quite some time. Just seems like globalism and free trade works best when everyone has the same standard of living. It appears the American wage earner gets squeezed while the corporations become more and more profitable (and the top corporate brass is being paid more and more for driving their profits higher on reduced labor costs).
Am I missing something?
Canada has not always played fair. One example was, and maybe still is, in the forest industry: timber, lumber, plywood, paper, ties, poles, etc.. and all the by-products made from said products. I do not know the current status (yes, I could look it up...) but at one time Canada subsidized its timber on the stump making the resource dirt cheap. When timber prices went up, even in Louisiana and other places in the South, mills could buy it cheaper on the stump in Canada, and even with all the costs of harvest and transportation, save money vs. buying timber from landowners within 50 miles of the mill. That is NOT fair trade!
Mexico kills us on trucking (freight) under the rules of NAFTA. It is cheaper for a Canadian (and American company not near the southern border) to contract a Mexican hauler and have that company carry products all the way to Canada and to northern/eastern states, instead of transferring to an American carrier.
These are just two examples, of many, where NAFTA and "nationalizing industries" have been unfair to the US. You are mistaken if you think the terms of NAFTA and our current trade agreements with Mexico, Canada, and some of our European allies are right for the US. I have heard Trump rightly cite some of these discrepancies, but then get off on a tangent. If he would JUST FOCUS on the problems, he'd have wider support for his proposed trade changes.
Maybe it's the same thing with the dairy industry? I keep hearing him say that the Canadians are harming our dairy farmers, but found they do not have a tariff on our dairy output. Instead, I saw something about how they have "set the price" lower for Canadian farmers which allows them to compete or undercut our exports? I suppose this is like subsidizing them?
We subsudize many of our industries, too.
Yeah, stuff like corn (for ethanol so we can add a corrosive substance to our engines), solar panels which are very cost ineffective on their own, and the insurance industry via Obamacare.
Oh, there's the "arts" too, where we subsidize photos of a crucifix immersed in urine and other high brow expression.