I think old Fred was counting on TPP to pay for all of the new air freighters he's committed to buying. If this turns out to be the case guess who's going to have to make up the difference?
America backing away from global competition? WTF?!I think the TPP is too complex for any normal person to have a real informed opinion. It sounds like backing out will be good in protecting American jobs in the short term. It will also allow China to have greater influence over South Asia in the long term.
You're right. It's a bad deal from the U.S perspective but it's the best that could be done given that primary objective is to curtail China's growing economic and military power in Asia and Europe.I think the TPP is too complex for any normal person to have a real informed opinion. It sounds like backing out will be good in protecting American jobs in the short term. It will also allow China to have greater influence over South Asia in the long term.
Well, so much for that 10 step wage increase.If this turns out to be the case guess who's going to have to make up the difference?
Well, so much for that 10 step wage increase.
Geez, van. If we back out and China fills the void, why would other nations suddenly just decide to renegotiate with us? How could we possibly negotiate anything at that point that would be better at that point than where we are now? This simplistic Trumpian view is so shortsighted it's almost unbelievable.And yet over and over we're told here that everything is set up to make the richest 1% richer while the middle class is shrinking and many are forced into wage slave status. Along comes Trump and does the exact opposite of what has been claimed here that he'll do, trying to jumpstart the economy and help average people. If pulling out of the TPP ultimately hurts us, then things can be negotiated. But if it puts more people to work here, and doing this along with other actions gives us a better overall economy, then great. We'll have to see if it works because what was going on wasn't working for too many.
First off China still has more than half a billion people in dire poverty. They need us to trade with because even though they have greatly improved their economy they're a long ways away from having an economy equal to ours. Second no one in the region wants to be dominated by China. Third all of our "free trade" isn't free. We have huge trade deficits with many countries. We don't put tariffs on products imported into the U.S. but they sure do with our products imported into their countries. We have as much right to protect our citizens as they do their's. The status quo meant American corporate leaders were getting rich off cheap labor while Americans couldn't compete with that labor. Too many of our companies go to great lengths to innovate then ship those ideas over to a factory overseas. At the same time our companies here are so over regulated, which so complicated things that it's not worth their while to even try to stay here or even create a new business. The doomsayers were saying a Trump win would cause the market to crash. Broke 20,000 instead. Business leaders are starting to believe he's serious about helping them here and the enthusiasm is growing.Geez, van. If we back out and China fills the void, why would other nations suddenly just decide to renegotiate with us? How could we possibly negotiate anything at that point that would be better at that point than where we are now? This simplistic Trumpian view is so shortsighted it's almost unbelievable.
And don't kid yourself. The 1% will always be buffered by the 99%.
Once we show the world that we will pull out of things like NAFTA and TPP, our word is crap. It's only possibly good for an election cycle.First off China still has more than half a billion people in dire poverty. They need us to trade with because even though they have greatly improved their economy they're a long ways away from having an economy equal to ours. Second no one in the region wants to be dominated by China. Third all of our "free trade" isn't free. We have huge trade deficits with many countries. We don't put tariffs on products imported into the U.S. but they sure do with our products imported into their countries. We have as much right to protect our citizens as they do their's. The status quo meant American corporate leaders were getting rich off cheap labor while Americans couldn't compete with that labor. Too many of our companies go to great lengths to innovate then ship those ideas over to a factory overseas. At the same time our companies here are so over regulated, which so complicated things that it's not worth their while to even try to stay here or even create a new business. The doomsayers were saying a Trump win would cause the market to crash. Broke 20,000 instead. Business leaders are starting to believe he's serious about helping them here and the enthusiasm is growing.
We are still by far the world's economic engine and they're wanting to trade with us. We got to that point by creating the world's largest middle class. By constantly chipping away at the middle class we lose our purchasing power and eventually our status as the place to trade with. We will just be another has been power like Great Britain. Fine for the elite, but a high percentage of citizenry on the dole. And the rest working to support the dole and just getting by.Once we show the world that we will pull out of things like NAFTA and TPP, our word is crap. It's only possibly good for an election cycle.
It's called setting precedent and this is not a good one to set.
The stock market has risen over 1200 pts since he was elected and gained 2.2 trillion in value.[/QUOTE]2) The market over 20K? When it ended at 19742 the day prior to his inauguration. 258 points is nothing.... its not like the market started at 15k.
That's what you are hoping will happen. However if Trump makes it easier to do business, easing the regulatory burden, you'll see investment in this country like we haven't seen in a very long time. You need to expand your horizon a bit. If growth is reestablished money will also come in from outside the U.S. from foreign investors too. The irony is we may at some point have to import more foreign nationals to meet the employment demand.
Like the word of other countries is always golden.Once we show the world that we will pull out of things like NAFTA and TPP, our word is crap. It's only possibly good for an election cycle.
It's called setting precedent and this is not a good one to set.
I believe your Capital account regarding rumors at FedEx is bankrupt. I would, however, be interested in any FACTUAL information you have that would illuminate the discussion.Poor Fred. He visited Trump in NYC after the election, apparently to plead his case. There is a huge split in the GOP between free market, free trade Republicans like Smith, and protectionists like Trump.
Trump is doing his level best to kill the global economy, and Fred knows FedEx will be damaged badly.2 rumors I have heard is that some new Boeing's are going to the desert and that Smith is retiring.
This will get even more interesting.