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Topic Title: Trump tariffs are already working!
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Created On: 11/08/2024 12:26 PM
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 11/08/2024 12:26 PM
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RustyTruck

Posts: 34959
Joined Forum: 08/02/2004

To bring jobs to Cambodia, Vietnam, Mexico, and Brazil.


Steve Madden just drastically changed its business to avoid Trump's tariffs

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Man will never be free until the last king is strangled with the entrails of the last priest.

Denis Diderot
 11/08/2024 12:33 PM
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fishkller

Posts: 24671
Joined Forum: 11/13/2016


This is going to be fun to watch

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Art of The Dipshit
 11/08/2024 12:35 PM
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tpapablo

Posts: 46334
Joined Forum: 07/25/2003

Bringing jobs here and stopping the subsidization of our enemy. More winning. And he's not even president yet.

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I :heart; Q
 11/09/2024 07:27 PM
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fishkller

Posts: 24671
Joined Forum: 11/13/2016


Pabs is gonna get out there, tar roofs and pick strawberries for us with those soft hands of his LOL

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Art of The Dipshit
 11/10/2024 08:44 AM
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Cole

Posts: 72671
Joined Forum: 07/22/2003

Originally posted by: tpapablo

Bringing jobs here and stopping the subsidization of our enemy. More winning. And he's not even president yet.


How so? They declined the last time Trump was in office.

In Trump's first two years, the economy added 462,000 manufacturing jobs. But that growth leveled off in 2019. In fact, for the full year in 2019 - before the pandemic-fueled recession hit - there was a loss of 43,000 manufacturing jobs. That's what Buttigieg was referring to when he said that "even before the pandemic, America went into a manufacturing recession."

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Under Biden, there have been significant investments in factory-building. The Inflation Reduction Act included tens of billions for clean energy development, and the CHIPS Act provided $39 billion to fund manufacturing facilities in the U.S. and $11 billion for semiconductor research and development.

Indeed, Bureau of Economic Analysis data show private investment in manufacturing is way up under Biden, rising about 90% since the fourth quarter of 2022. But it may take years for those investments to show up in manufacturing job data.

"There is certainly a lag of some time," Tonelson said. "It takes time to build factory structures, to get in all kinds of necessary equipment and then to hire workers."


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I was right.
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