Loading ...Boy, now things are getting even more interesting, about what’s going on. Kudlow is a well trained pro global establishment bull/shitter from way back. Why would they want him in the Whitehouse? What good would he be for the US economy?
And all this b/s about taxing steel and aluminum is just one big propaganda smoke screen. Imported steel and aluminum is not what killed the USA. The biggest money drain problem is importing massive amounts of consumer products. What are we going to do with steel and aluminum? When we don’t make much of anything anymore.
The USA probably imports $1,000 worth of raw steel and aluminum for every $1,000,000,000 worth of consumer products. Ask yourself. How many employees would metal producers need, compared to how many employees would be needed if we made our own consumer products. 1,000 employees for producing metals to every 1,000,000 employees manufacturing things
If anything, importing steel and aluminum is good, we keep ours good stuff here in the ground and use up the other countries good stuff. Exporting manufactured consumer products makes more sense.
Besides that, every time I stop at a traffic light, I feel like I’m in a foreign country. I see foreign made cars all around me. Like flies. They are mostly made of steel and aluminum. Tax the metals that way. We need big tariffs on those cars.
If they are twice as good, they should cost twice as much. And the Americans that buy them are detracting from the US economy, so it only makes sense that the foreign car buyer pays a tariff and contributes something to the US Treasury dept, so the rest of the Americans have lower taxes.
The ONLY reason I can see for beefing up metals producers is here in the USA is TPTB or central planners are figuring in a possible or definite war after a big global economic crisis of some kind from the unwinding or reversal, or reset, of globalization. Survival of the fittest country.
NOT the false fear of the Fed unwinding the so called big bad balance sheet boloney. Globalization to me is the BIG thing, like the hollow cheap construction of the Trade Center buildings. Or one big engine on a 747 instead of four engines. VULNERABLE.
Numbers I found:
Total imported steel 2017 $22 billion.
The total value of exports is US$ 1,450,457 million.
The total value of imports is US$ 2,248,209 million.
Note, what the hell is a million $million? $100 Trillion???