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PostPosted: August 7 17, 1:46 pm 
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Trump’s Trade Pullout Roils Rural America
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EAGLE GROVE, Iowa—On a cloud-swept landscape dotted with grain elevators, a meat producer called Prestage Farms is building a 700,000-square-foot processing plant. The gleaming new factory is both the great hope of Wright County, which voted by a 2-1 margin for Donald Trump, and the victim of one of Trump’s first policy moves, his decision to pull out of the Trans-Pacific Partnership.

For much of industrial America, the TPP was a suspect deal, the successor to the North American Free Trade Agreement, which some argue led to a massive offshoring of U.S. jobs to Mexico. But for the already struggling agricultural sector, the sprawling 12-nation TPP, covering 40 percent of the world’s economy, was a lifeline. It was a chance to erase punishing tariffs that restricted the United States—the onetime “breadbasket of the world”—from selling its meats, grains and dairy products to massive importers of foodstuffs such as Japan and Vietnam.

The decision to pull out of the trade deal has become a double hit on places like Eagle Grove. The promised bump of $10 billion in agricultural output over 15 years, based on estimates by the U.S. International Trade Commission, won’t materialize. But Trump’s decision to withdraw from the pact also cleared the way for rival exporters such as Australia, New Zealand and the European Union to negotiate even lower tariffs with importing nations, creating potentially greater competitive advantages over U.S. exports.


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PostPosted: August 7 17, 1:57 pm 
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That article is really something. After Trump killed the TPP, all the other countries are scrambling to get new deals with each other, and we aren't doing squat. It also created a big opportunity for China to step in and make a bunch of deals (they were deliberately left out of the TPP).

Quote:
Japan, which saw the TPP not only as a source of economic growth but a counterweight to China, is now taking the lead in salvaging the deal. Its goal is to have some sort of agreement between the 11 other countries in place for the annual summit of Asia-Pacific leaders in November. Trump is expected to attend, creating the awkward possibility that he will witness all the handshakes and back slaps as his fellow leaders congratulate themselves on a deal.

Quote:
In the meantime, Lighthizer, a trade attorney who pressured Japan to voluntarily restrain its steel exports when he was a trade official in the 1980s, said Tokyo should just go ahead and lower their tariffs without expecting anything in return.

“I think in the areas like beef and the others, they ought to be making some unilateral concessions, at least temporary concessions,” he told lawmakers in June. “And I don't quite understand why that doesn't happen.”

Lighthizer said the administration still hopes to strike bilateral trade deals—that is, separate agreements with individual countries—but he conceded that "some of the TPP countries don't want to do bilaterals." The value of the TPP for many countries was that they could justify giving up protective tariffs in exchange for their own access to the markets of a wide pool of countries; many are unwilling to make such concessions for the smaller gains of a bilateral deal.


Trump is so awesome at making deals!


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PostPosted: August 16 17, 4:03 pm 
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Tired of reading about how rural whites that voted for Trump are feeling?! How about rural POC's for a change?

http://www.motherjones.com/politics/201 ... e-anymore/

Spoiler: not great, Bob!


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PostPosted: August 17 17, 2:44 pm 
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I Voted For Trump and I Sorely Regret It.

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His refusal this weekend to specifically and immediately denounce the groups responsible for this intolerable violence was both morally disgusting and monumentally stupid. In this, Mr. Trump failed perhaps the easiest imaginable test of presidential leadership. Rather than advance a vision of national unity that he claims to represent, his indefensible equivocation can only inflame the most vicious forces of division within our country.

If Mr. Trump had been speaking about the overall political climate, he might have been right to say that “many sides” are responsible for exacerbating social tensions. Yet during the events in Charlottesville this past weekend, only one side — a deranged white nationalist — was responsible for killing anyone. To equivocate about this fact is the height of irresponsibility. Even those concerned about the overzealous enforcement of political correctness can hardly think that apologizing for neo-Nazis is a sensible alternative.

Those of us who supported Mr. Trump were never so naïve as to expect that he would transform himself into a model of presidential decorum upon taking office. But our calculation was that a few cringe-inducing tweets were an acceptable trade-off for a successful governing agenda.


The whole thing is a good read.


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PostPosted: November 9 17, 4:42 pm 
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“Tax cuts sound great, but tax cuts for the rest of the country while my constituents are getting a tax increase is a loser and it is wrong,” said Representative Peter King, Republican of New York.

He said the middle-class and blue-collar voters in his Long Island district who supported Mr. Trump last year now felt betrayed at the prospect of losing deductions that many of them rely on to hold their federal taxes down in a region with stiff local property and income taxes.


F*ck 'em.


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PostPosted: November 10 17, 6:43 am 
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Joe Shlabotnik wrote:
Quote:
“Tax cuts sound great, but tax cuts for the rest of the country while my constituents are getting a tax increase is a loser and it is wrong,” said Representative Peter King, Republican of New York.

He said the middle-class and blue-collar voters in his Long Island district who supported Mr. Trump last year now felt betrayed at the prospect of losing deductions that many of them rely on to hold their federal taxes down in a region with stiff local property and income taxes.


F*ck 'em.



They the ones who keep re-electing Rep King.


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PostPosted: January 14 18, 8:12 pm 
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GOP operative lastest concern? Their stranglehold on governorships.

Live by the very stable genius, die by the very stable genius.


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PostPosted: January 14 18, 9:05 pm 
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Joe Shlabotnik wrote:
GOP operative lastest concern? Their stranglehold on governorships.

Live by the very stable genius, die by the very stable genius.

Yep. Governors actually have issues to address - states cant print money and need to keep bond ratings solid, and a whole host of limits. Oligarchs can get their servant in to office,It takes a lot of money for GOP to keep bad governors there.


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PostPosted: November 28 18, 9:43 pm 
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https://www.nytimes.com/2018/11/28/magazine/trade-war-tariffs-small-business.html
A report from the Ozarks - my wife's from Douglas Co. west of West Plains. Definitely Trumpistan.

Quote:
In recent days, Cobb and his sales force traveled to Phoenix, Ariz., for a series of meetings with builders, hoping to win contracts to supply hardwood floors to small and midsize single-home companies across the country. The sessions went well, with Real Wood presenting its nontariffed products from Cambodia and Indonesia, not even bothering to show the favored China-made flooring styles. One builder mentioned that for his next project he might swap out hardwood flooring from China for vinyl, to save on costs.

“Do you know your vinyl flooring is on the tariff list?” Cobb asked. “It’s also tariffed.”

“I’ve heard rumors,” the builder said. “What else is on the list?”

“Nails, molding, cabinetry, all types of flooring,” Cobb said, citing only a few of the thousands of items subject to tariffs — no exclusions allowed — that will hit the entire American economy.

“Is that really going to happen?” the builder stammered.

“It already has,” Cobb replied.


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PostPosted: November 28 18, 10:40 pm 
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That article is nuts.

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Real Wood’s main supplier was a company in Liaoning Province in northern China. Some of its other Chinese suppliers refused to share the cost of the tariff, but the Liaoning company agreed to split the 10 percent tax on one product line, as well as the pending 25 percent step-up. Cobb, though, wasn’t confident the deal was sustainable. There was one factor that might help Real Wood, however. Its main supplier had already shifted some of its production to Cambodia, where labor was even cheaper — and the anti-dumping duty didn’t apply. This early migration put the manufacturer in a good position to rush even more of its operations to Cambodia, Cobb told me. Doing the work in Cambodia, which had carved out an economic zone where many other Chinese companies had moved, meant that China-specific tariffs wouldn’t be levied, even as all the profits would continue to accrue to Chinese companies.

“Everyone speaks Chinese there,” he said. His supplier “sent their skilled managers to Cambodia. There are real job losses going on in China. Our main supplier is going to get as much as he can to Cambodia as soon as possible.”

The notion that jobs being lost in China would somehow magically result in jobs being created in America was risible to Cobb. Making flooring was hard and relatively low-paying. Cobb said he couldn’t find enough local workers for the company’s local affiliated mill as it was, and the cost structure for the products it sold made the economics impossible. Turning lumber into veneers required the quarter-inch-thick planks to be separately tempered, a very labor-intensive process. One of the new veneers Cobb had recently perfected, in collaboration with the Liaoning company, required every plank to be hand finished to make it look as if the wood had been reclaimed from old buildings. Cobb thought it was preposterous to believe that this could be done in the United States for a competitive price. Even if it could, he went on, building a factory in the United States would be not just expensive but extremely risky, given that the tariffs on China could be removed at any time by the president or some future administration. Cobb noted that some of his competitors manufactured engineered hardwood flooring in America through the use of prison labor — an arrangement that illustrated the economic reality of the global market, where inexpensive labor makes high-end flooring affordable.


Nowhere in here does it say what this guy takes in profit. If you took a big chunk of this guy's profit out of the equation, I wonder how competitive the local mill would be.


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