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Walker's avatar

"They" have been ripping us off? That's rich. We sold our souls for cheap products so people could pretend to be well off andlive beyond their means. Meanwhile, countries like China, having been learning from the crap they were selling us. We have gutted our manufacturing base whilst they have been perfecting theirs. The other day I was telling a young friend of mine (in his forties) that I thought China was a good place to deploy some capital. His response to me was basically, you must be senile, all China makes is a bunch of cheap junk. Such hubris. Such ignorance. We have no one to blame but ourselves.

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Brian Walsh's avatar

Another well researched article on the lunacy of much of trump’s auto tariff policies. I only wish Doomberg had speculated more on consequences of these auto tariffs….its more than a recession. Much of Trump’s economic polices are needed, especially reforming regulatory environment, cutting government costs, exposing waste and fraud, tax reform….and but much of tariff policies are counterproductive and deny economic sense. Here’s hoping Trump reads this Doomberg article!

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