Ricko Loc: Florida

Morgan

These guys have been wanting to crack open that cookie jar for years, let's see now the last republican president wanted SS to go into the stock market, well had we done that we know how well that would have turned out for many seniors. Wonder what's the new scheme will be?

Richard94611

I think you are wrong, Ricko. If he had done all these impeachable offense, someone at least would have tried to impeach him.

Richard94611

Yes, I wonder, too. They will try to pull off some terrible thing, and the only consolation is that if they manage to do it, it will come back and bite them on the ass later.

Ricko Loc: Florida

Richard-had the republicans impeached Obama and failed to convict him they would have angered the American people for wasting time and money without results. That could have well extended to the election and caused the republicans to lose. Classic example was Bill Clinton who lied to the world," I did not have sex with that woman, Ms. Lewinsky" but later admitted that indeed he had in the Oval Office. In spite of it all he was not convicted. He was embarrassed but that did not seem to hurt his career too much. We need to allow Trump to see what he can do to turn America around and head us in the right direction to benefit everyone. if he errs, we will tell him loudly and clearly and I believe he will listen. We will have an administration rife with business experience and the name of the game is private sector, not government, Jobs for those who want them. I am optimistic that Trump/Pence will get it done. Good Luck America !!!

Richard94611

Rickop, I will give him the benefit of the doubt -- since I have no other choice -- but the things I have written about Trump, that he is a pathological liar, that he sees women purely as sex objects, and so forth, all the criticisms of the Atlantic Monthly, the New Yoreker, and Republican newspapers that have never endorsed a Democrat until now but that endorsed Hillary instead of him -- these people are seeing things that Republican conservatives are not willing to admit about the man.

Unless he turns into some marvelous statesman, I will continue to combat him in every way I can. In the meantime, while I am doing this, I can only wait and see.

Carol Kelly

It will be people like you who need to go away. Give the man the same chance that was given Obama in spite of everything we did NOT know about him. Stop reading all those rags.

Richard94611

Something for you to think about, Carol. Once again, I hope all you Trump supporters personally experience all the effects of what Trump said he would do. Merry Christmas. The New Year will be fun.

Trump’s tariffs will make almost everything more expensive — and maybe cost you your job

President-elect Donald Trump wants to wage a war on free trade between the United States and foreign nations.

In Trump's view, countries such as China and Mexico are stealing American manufacturing jobs. He's vowed to try and bring those jobs back by imposing tariffs on goods imported from those nations, as well as others, in hopes of deterring companies from making their products abroad.

According to CNN, Trump may use an executive order — a tactic he's blasted President Barack Obama for employing during his eight years in the White House — to impose a 5% to 10% tariff on all goods imported into the United States.

But those tariffs — just another word for taxes on imported goods — aren't likely to bring jobs back to the states.

Instead, they could negatively impact both your bank account and your job security.

The impact of tariffs
Tariffs are specifically designed to increase the cost of goods imported into the country, making them pricier for the average consumer — i.e. you.

Trump hopes tariffs will convince companies to manufacture their goods in America, thereby creating more jobs for U.S. workers, but tariffs could even hurt companies that make their products locally.

For example, a number of car manufacturers build their cars in the United States, but many of the parts inside those cars are made overseas. So, even though the vehicle is assembled here, the cost to make that car would rise should Trump decide to impose tariffs.

Tariffs could either reduce profits for said car manufacturers, possibly increasing the chance for employee layoffs — or companies could choose to increase the price of the cars you buy and lease to make up the difference.

SPONSORED

Similarly, even companies that decide to move manufacturing back to the United States because of tariffs would need time to build local manufacturing plants. That process could take years and would present an additional cost to the company, which could potentially be passed onto consumers.

Likewise, companies that continue to make their products abroad are likely to simply raise the price of the items they sell — another cost of Trump's tariffs consumers might absorb.

Without an immediate corresponding boost to wages, experts say the increased cost of goods could hurt U.S. consumers and possibly stunt economic growth. In fact, studies have shown trade wars disproportionately hurt the spending power of lower-income Americans.

Trump's tariffs will make almost everything more expensive — and maybe cost you your job
Source: Whitehouse.gov
The trade blame game
As Trump mulls tariffs, many say his ire at countries such as China and Mexico is misplaced.

Rather, automation in manufacturing processes is behind many of the jobs lost in the country.

That's something a number of Republicans — who are traditionally pro-business and therefore anti-tariff — have been pointing to as Trump ratchets up his trade-war talk.

Republican Sen. Ben Sasse has been sounding alarm bells regarding the effects of automation on jobs, saying politicians are "lying" to workers when they say trade is solely to blame.

Senate Majority Whip John Cornyn tweeted a story from the New York Times about the effects of automation on job losses, suggesting he feels similarly.

Still, Trump is hell-bent on the idea that China — the United States' largest goods-trading partner, according to the Office of the United States Trade Representative — is to blame.

The possibility of a trade war with China makes Trump's own advisors wary of the negative impact it could have on the U.S. economy.

"If you get into a trade war with China, sooner or later we'll have to come to grips with that," Carl Icahn, a billionaire businessman whom Trump named special adviser on regulatory reform, told CNBC. "That's not my decision at all."

Carol Kelly

Richard94611

Carol, if you want to get nasty, I can do that too. If you refuse to be respectful, you can take your sorry ass off to the dump -- and dump. There is no need for the hostility you seem to want to find here in this forum. Go away until you can be respectful to others.

JFlorio Loc: Seminole Florida

Did you ever consider that tariffs may just be a negotiating tool? I'm no Trump fan but so far he has outsmarted everyone. Most of the countries Trump is talking about would be hurt worse than us and their economies can't take a hit. Our economy is slow but China's is fake. Propped up by money manipulation (which isn't fair by the way) and false numbers. China has brand new cities sitting empty because their economic experiment didn't work. Here's an example of the fair trade you guys are always going on about. When we sell fish, for example to China they slap a thirty percent tariff on it. When they sell us fish there is no tariff. Sound fair to you? Also cost of labor is usually about 20% of the cost businesses worry about. Most is regulations, taxes and benefit packages such as healthcare. Many businesses owned by Americans would love to stay in America. Government more stable, educated workforce, less problems with terrorism. When I talk to CEO's their number one reason for looking abroad is onerous regulations, followed closely by taxes. Number one reason for wanting to stay, safety. I don't know what Trump's plans will do, but I can tell you this. I will be happy to pay more for goods and services if it employees Americans.

Richard94611

I would happily pay more for American-made goods, too, and also more if the wage paid our workers was high enough to let them live decently.

JFlorio Loc: Seminole Florida

Let the states handle that. Descent in Mobile isn't the same as descent in San Francisco.

Richard94611

I agree

Carol Kelly

I don't think giving Trump the chance we all gave Obama is either nasty or disrespectful.
I don't owe a special respect to you. I will, however, in the future not read your blobs.