Obama: trade deals have hurt Americans

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LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Free trade is one of the few subjects where economists are basically unanimous in it being a positive thing for a country such as the US.

Free trade in no way undercuts the US's ability to implement worker rights, environmental protections, etc and it makes our country as a whole richer. What we do with that extra money is the issue in question here and yes, conservatives don't want to spread the additionally generated wealth around, which is a problem.

I've always been curious as to what exactly attracts people about trade isolationism. Do you think if we suddenly decide to get rid of foreign trade that the US will be better off? If so, check out North Korea. Juche has been a big hit over there! Do you think we should just somehow negotiate better trade deals with other countries? If so, why would they accept?
And how many of those economists account for most exogenous variables outside of simple trade? Such as the failure of re education, disparate impact among lower classes, failure to achieve capitalization of labor as a result of thst disparate impact, subsiziation of walmartized workers...etc? I have yet to see a study that shows such impacts and adequately includes them in the analysis.

If you have one, please show it.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
This,

but according to the free trade apologists (many who pretend are pro-union, harp for $15.00 minimum wage, want every regulation under the sun enforced for American businesses, want paid maternity leave, employee funded healthcare, European style vacation days, etc)

magically come out in support of these free trade agreements that allow companies that outsource to bypass all that and claim it's a good thing.

Two perfect examples that represent the two-face democrat party of today, they will point the finger at the evil republicans when it comes to US based workers rights, environmental,$15 minimum wage, working conditions, healthcare, unions, maternity leave, etc. ,

but magically turn around and support free trade agreements that help undercut all that like it's a good thing and call those against it isolationists if it's their man (Obama or Clinton) at the helm and rationalize it away with words like efficiency while doing the dirty work of the 1%, you know the rich, they same rich they always like to criticize for not paying their fair share.

Please. The very success of financialized international capitalism has hugely reduced the leverage of workers in this country in all ways except one- our ability to impose regulations, levy taxes & redistribute the rewards of capitalism. We have simply failed to seek fair compensation for the job loss associated with that success. The sooner we accept that reality the sooner we'll be on our way to a better America for the vast majority of citizens. Or we can just go with Freedumb! & wedge issues driving us apart.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Please. The very success of financialized international capitalism has hugely reduced the leverage of workers in this country in all ways except one- our ability to impose regulations, levy taxes & redistribute the rewards of capitalism. We have simply failed to seek fair compensation for the job loss associated with that success. The sooner we accept that reality the sooner we'll be on our way to a better America for the vast majority of citizens. Or we can just go with Freedumb! & wedge issues driving us apart.
And yet you continue to increase the labor pool through importing poorly educated, low income, impoverished workers which further weakens the existing job pools ability to leverage themselves. You counter this by giving them free shit.
 

fskimospy

Elite Member
Mar 10, 2006
84,775
49,430
136
And how many of those economists account for most exogenous variables outside of simple trade? Such as the failure of re education, disparate impact among lower classes, failure to achieve capitalization of labor as a result of thst disparate impact, subsiziation of walmartized workers...etc? I have yet to see a study that shows such impacts and adequately includes them in the analysis.

If you have one, please show it.

lol, it is abundantly clear you are in totally over your head here. Free trade doesn't have to do those things, those are policy choices that are entirely separate from free trade. Free trade's positive effects drastically outweigh its negatives.

Here's what economists think about free trade. Let me guess though, the guy who has repeatedly shown an inability to read and understand research has decided that the entire field of economics forgot about the costs of free trade. Dunning-Kruger effect in play again.

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_d68906VNWqVmiGN

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_0dfr9yjnDcLh17m
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
lol, it is abundantly clear you are in totally over your head here. Free trade doesn't have to do those things, those are policy choices that are entirely separate from free trade. Free trade's positive effects drastically outweigh its negatives.

Here's what economists think about free trade. Let me guess though, the guy who has repeatedly shown an inability to read and understand research has decided that the entire field of economics forgot about the costs of free trade. Dunning-Kruger effect in play again.

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_d68906VNWqVmiGN

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_0dfr9yjnDcLh17m
Free trade doesn't have to do with those things? Rofl.

What you really mean is that free trade is a myth when it comes to ecnomic reality and fucks over people who have lesser mobility, exiling them to poverty at the behest of ivory tower theoretical "economists", the very same who initially preached trickle down, and most who continue to do so. What you really mean is that there isn't a single economist in there that has imbedded the cost of social programs into exporting "low skill" jobs en masse (rather than protecting them), into their models. What you're really saying is that these ivory tower shit heads have no clue what it means and just support it because they are paid to. Elsewise they wouldn't be able to get their tenures funded by endowments funded by job exporters. So really, shove your incomplete and idiotic models up your ass you pompous jackass.

And just stop with the economist projections. Tell me one economist who has been able to predict gdp, qe monetary flows, rates, forward curves, fed moves...etc correctly at even a 50% success rate.

Which economist saw the housing crisis at least 2 years before? How about the .bombs? How about the sovereign debt crisis? Oil collapase? Tell me a single one that called all of those correctly. Just one.

My simple question to you is this - what do you think is the end game of this? Do you think the proles will continue to be happy with table scraps left over after your largesse? How much do you think the 1% can aggregate? How poorly do you think the lower/middle class can do before they shuck wedge issues and revolt?

You sit there clueless as to how trump could get anywhere. You know how? He is a big giant fuck you to people like you.
 
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Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
And yet you continue to increase the labor pool through importing poorly educated, low income, impoverished workers which further weakens the existing job pools ability to leverage themselves. You counter this by giving them free shit.

The economy is so rigged to benefit the financial elite that we need rapid growth for working people to get a sliver of it. White people obviously won't provide the birthrate or the demand to accomplish that.

Otherwise we just fall back into rentiership.
 

fskimospy

Elite Member
Mar 10, 2006
84,775
49,430
136
Free trade doesn't have to do with those things? Rofl.

What you really mean is that free trade is a myth when it comes to ecnomic reality and fucks over people who have lesser mobility, exiling them to poverty at the behest of ivory tower theoretical "economists", the very same who initially preached trickle down, and most who continue to do so.

And just stop with the economist projections. Tell me one economist who has been able to predict gdp, qe monetary flows, rates, forward curves, fed moves...etc correctly at even a 50% success rate.

So your argument is 'I don't care what the experts think I'm sure I'm right'. By the way most economists do not endorse trickle down economics at all, I'm not sure where you got that idea from. Guess who does believe in it though? Donald Trump! His tax cut is heavily supply side in nature.

Which economist saw the housing crisis at least 2 years before? How about the .bombs? How about the sovereign debt crisis? Oil collapase? Tell me a single one that called all of those correctly. Just one.

My simple question to you is this - what do you think is the end game of this? Do you think the proles will continue to be happy with table scraps left over after your largesse? How much do you think the 1% can aggregate? How poorly do you think the lower/middle class can do before they shuck wedge issues and revolt?

I hope the middle and lower classes do push for more income redistribution, that's a good idea! It's always better to have more income to redistribute rather than less though, which is why I support free trade.
 

MongGrel

Lifer
Dec 3, 2013
38,751
3,068
121
So show me a candidate that is against them that doesn't have that baggage?

Why you make lame threads and ask people to show you anything is a bit of a mystery to most of us to begin with.

"Show me, prove it, blah blah blah"

If anyone does so you blow it off anyway.

Trickle down has never worked.
 
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LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
So your argument is 'I don't care what the experts think I'm sure I'm right'. By the way most economists do not endorse trickle down economics at all, I'm not sure where you got that idea from. Guess who does believe in it though? Donald Trump! His tax cut is heavily supply side in nature.



I hope the middle and lower classes do push for more income redistribution, that's a good idea! It's always better to have more income to redistribute rather than less though, which is why I support free trade.

And yet you waffle again. Why? Because you can't point to an economist that has been tight about anything major repeatedly.

Yeh, because they have done so well in the past trade deals.
 

blankslate

Diamond Member
Jun 16, 2008
8,656
491
126
Neither of them is against trade deals. One of them is pretending he is.

That's the sad part... one will lie and get votes from the gullible and the other will just depend on the fact that the other is the worst candidate in history while suckling at the teat of wealthy donors...

One way or another the majority of the country is screwed... to one degree or another.

Sad situation to be in... always having to go for the "lesser evil"....



_____________
 

senseamp

Lifer
Feb 5, 2006
35,787
6,195
126
I'll take the one that has at least he will consider bucking the status quo vs the one who assuredly follow it

He can buck status the quo right now and stop manufacturing his merchandise in China or importing foreign labor to work for his hotels. He doesn't need to be president for that.
 

fskimospy

Elite Member
Mar 10, 2006
84,775
49,430
136
And yet you waffle again. Why? Because you can't point to an economist that has been tight about anything major repeatedly.

Yeh, because they have done so well in the past trade deals.

Economists mostly analyze long term trends or specific economic behaviors. Economic theory isn't very useful for predicting market moves like that accurately and if it was, people would adjust and make it not so.

It's similar to saying that sabermetrics are useless because they can't tell you if Mike Trout will go 0-5 tonight or hit for the cycle. While they can't do that, they can tell you that adding Mike Trout to your team is highly likely to improve your team's run differential.

Again, it is extremely rare for anything in economics to have the near-universal agreement on it that free trade as a net positive does. If you want to ignore that be my guest, but you shouldn't need to wonder why others don't. I also find it funny that you would slam trickle down economics as being bad while supporting a candidate who has promised the largest trickle down tax cut in world history.
 

agent00f

Lifer
Jun 9, 2016
12,203
1,242
86
And yet you waffle again. Why? Because you can't point to an economist that has been right about anything major repeatedly.

If you can recall that one Marx guy was pretty dead on about the dictatorship of the bourgeoisie which is all the rage with conservatives these days.
 

Spungo

Diamond Member
Jul 22, 2012
3,217
2
81
That isn't what I asked. Show me a candidate that is against the trade deals that you think will follow through with it.
I think Bernie said something about unfair trade. That's why the DNC had to railroad him. If he kept talking, he would probably have 2 bullets in the back of his head. A suicide, obviously.

We get to pick between the candidate who wants us to compete against slave wages or the candidate who wants us to compete against slave wages.
 
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