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  1. #21
    Retired !

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    If there were no foreign competition what makes you think you'd be able to afford a GM,Ford or Chrysler. The UAW would make you pay dearly
    Are you saying those Honda's, Toyota's or other imports are any cheaper ?

  2. #22
    I Am Rocking Now

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    If there were no foreign competition what makes you think you'd be able to afford a GM,Ford or Chrysler. The UAW would make you pay dearly
    What makes you think I can afford one now?? Not worth it to buy a new vehicle anymore.. Let someone else break it in and take that 40% depreciation in the first two years.. And if you think the prices are high here maybe you should go to a country like Japan and try and buy a Chevy..That same chevy truck you have would cost about $80 grand over there. They will laugh at you all the way back to the airport.. This is what these trade deals have done.. That is what Trump is telling you but your brainwashed from Corporate America.. It's like your a politician,puppet strings attached..

  3. #23
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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Oh and by the way Beanie,China has already weighed in on Trump.. They are watching this election very closely..

  4. #24
    I Am Rocking Now

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    I assume you mistakenly believe the European nations are doing well. Then why are countries like Greece, Portugal, Italy, and Spain going broke?
    European socialism is why. Bernie Sanders style. Socialism and protectionism don't work

    Here's a nice little article on Greece and others, the economist seems to thing Greece would be better off having it's own currency.......

    2 paragraphs that explain the Greek financial crisis - Vox

    "So European policymakers would have done well to pay attention in 1997 when Friedman predicted that the euro would be a disaster. Eighteen years later, with Greece on the verge of a financial meltdown, his analysis looks prophetic:

    Europe’s common market exemplifies a situation that is unfavorable to a common currency. It is composed of separate nations, whose residents speak different languages, have different customs, and have far greater loyalty and attachment to their own country than to the common market or to the idea of "Europe." Despite being a free trade area, goods move less freely than in the United States, and so does capital.

    The European Commission based in Brussels, indeed, spends a small fraction of the total spent by governments in the member countries. They, not the European Union’s bureaucracies, are the important political entities. Moreover, regulation of industrial and employment practices is more extensive than in the United States, and differs far more from country to country than from American state to American state. As a result, wages and prices in Europe are more rigid, and labor less mobile. In those circumstances, flexible exchange rates provide an extremely useful adjustment mechanism."

    "What Friedman means here is that if Greece still had the drachma, it could deal with its financial difficulties by devaluing the currency. A cheaper drachma would make Greek goods more attractive to foreigners, boosting exports and creating jobs. And a bit of inflation in Greece would help ease the country's debt burden — not an ideal outcome, but better than the yearslong depression the country has suffered since the 2008 financial crisis.'

  5. #25
    bean
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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by Sayheykid View Post
    Here's a nice little article on Greece and others, the economist seems to thing Greece would be better off having it's own currency.......

    "So European policymakers would have done well to pay attention in 1997 when Friedman predicted that the euro would be a disaster. Eighteen years later, with Greece on the verge of a financial meltdown, his analysis looks prophetic:

    "What Friedman means here is that if Greece still had the drachma, it could deal with its financial difficulties by devaluing the currency. A cheaper drachma would make Greek goods more attractive to foreigners, boosting exports and creating jobs. And a bit of inflation in Greece would help ease the country's debt burden — not an ideal outcome, but better than the yearslong depression the country has suffered since the 2008 financial crisis.'
    The euro is no dollar but the Greeks chose austerity over converting to the drachma. The drachma cannot be devalued, it's worthless to begin with. Greece is toast forever, more European carnage to come. We're Greece. Obamacomics is modeled after European socialism. Thank the Lord he's on the way out and Bernie is beat

  6. #26
    I Am Rocking Now

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    One not need to be an accountant to understand GE paid billions in taxes and still paid 2.3 Percent in more taxes and used every loophole to pay as little as possible. It's what I would do. As far as who has the upper hand in foreign trade I would :(:(:(-ume if the numbers are in the billions of dollars it creates more jobs in exports then it loses in imports. Like how may US jobs are created by foreign auto makers who sell cars in the US. The Honda dealer I bought from must have 50 employees, sales, mechanics etc open 6 days a week. Trade is a good thing
    There is a lot of ''Smoke and Mirrors'' around GE's taxes.Their Worldwide tax rate is around 9% the last several years.This may be Billions of Dollars but that is open for discussion.And by the way,they don't release country by country taxes.How much you want to bet their ''PROFITS'' are ''BOOKED'' in Ireland and the Caymans?

    Hey Bean,I bet you didn't know that GE,at one point in time,even had your ''IDOL'' Ronald Reagan on its ''PAYROLL'' to ''ADVERTISE'' its ''WARES''.

    According to GE-''TAXES,WHAT TAXES?WE AIN'T GOT NO TAXES!!WE DON'T PAY NO STINKIN TAXES!!!!!!!!!!!!!

    Robert Scheer: If Corporations Don’t Pay Taxes, Why Should You? - Robert Scheer - Truthdig

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  8. #27
    I Am Rocking Now

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    The euro is no dollar but the Greeks chose austerity over converting to the drachma. The drachma cannot be devalued, it's worthless to begin with. Greece is toast forever, more European carnage to come. We're Greece. Obamacomics is modeled after European socialism. Thank the Lord he's on the way out and Bernie is beat
    As is his MO,he's got ''NOTHING'' but ''SOUND BITES and ''TALKING POINTS''. Pure Ignorance.

  9. #28
    bean
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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by wizard View Post
    As is his MO,he's got ''NOTHING'' but ''SOUND BITES and ''TALKING POINTS''. Pure Ignorance.
    I dunno, you're no wizard, more like a Komodo lizard:

  10. #29
    I Am Rocking Now

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    The euro is no dollar but the Greeks chose austerity over converting to the drachma. The drachma cannot be devalued, it's worthless to begin with. Greece is toast forever, more European carnage to come. We're Greece. Obamacomics is modeled after European socialism. Thank the Lord he's on the way out and Bernie is beat
    Once again you know more about economics than a known economist, god, bean you miss your calling i guess, let me ask you how is Capitalism working out for the American people and those free trade deals??? Thing is Bean the Capitalist are doing just fine under Obama, it's the working man thats not........

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  12. #30
    Scab Hating Union Thug

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    Default Re: The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment

    Quote Originally Posted by bean View Post
    One not need to be an accountant to understand GE paid billions in taxes and still paid 2.3 Percent in more taxes and used every loophole to pay as little as possible. It's what I would do. As far as who has the upper hand in foreign trade I would :(:(:(-ume if the numbers are in the billions of dollars it creates more jobs in exports then it loses in imports. Like how may US jobs are created by foreign auto makers who sell cars in the US. The Honda dealer I bought from must have 50 employees, sales, mechanics etc open 6 days a week. Trade is a good thing
    One day you may have a connect the dot moment. I use the word "may" quite loosely. You really are clueless. The above post of yours is evidence of that.

    Sent from my SGH-T399 using Tapatalk

  13. Likes wizard Liked this post
 

 
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