The trade and economy mega-thread (6 Viewers)

[superchuck500]

Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.

 

[Maxp]

Even the ones who know in the back of their minds that tariffs will hurt the economy will say, "we need a reset anyway."

 

[Heathen]

Honestly and maybe even a bit surprisingly, I’m not hearing a lot out of the trumpers right now

 

[Neworleansfan]

So apply tariff. The price increases will be passed down to consumers. Since tariff is a form of regressive tax, it will affect the poorer population more. Then negotiate and remove tariffs but still keeping the price inflated. Profit! And the poor will become poorer. They can just keep doing it as long as people vote for them.

 

[Neworleansfan]

Honestly and maybe even a bit surprisingly, I’m not hearing a lot out of the trumpers right now

That’s because those who voted for them know that they are forked as well.

 

[MT15]

“

The Second Industrial Revolution, 1870-1914”​

The Second Industrial Revolution, 1870-1914

Between 1820 and1860, the United States was transformed by unprecedented urbanization and territorial expansion, fueling the Second Industrial Revolution.

ushistoryscene.com

The Second Industrial Revolution, which took place from 1870 to 1914, was a period of rapid technological and industrial growth. This era saw the development of new machines, production methods, and energy sources.

Inventions

• Electric light bulb: Invented by Thomas Edison in 1882
• Telephone: Patented by Alexander Graham Bell and Elisha Gray in 1876
• Internal combustion engine: Invented in 1886, this engine powered the first automobiles and airplanes
• Typewriter: Invented in 1867
• Phonograph: Patented in 1887 by Emile Berliner
• Radio: Invented in 1895
• Aspirin: Invented in 1899

New technologies

• Steel: The Bessemer and open-hearth processes revolutionized steel production
• Electricity: The electric generator replaced steam and water-powered engines
• Mechanized farm equipment: Transformed agriculture into a big industry

New forms of transportation

• Railroads: Allowed for cheap transportation of materials and products
• Automobiles: The internal combustion engine made automobiles possible
• Airplanes: The Wright brothers made the first airplane flight in 1903

New forms of communication

• Telegraphs: Circulated new ideas
• Newspapers: Circulated new ideas
• Radios: Circulated new ideas

The second Industrial Revolution was foundational.

Okay, and we didn’t make that progress then by trying to recreate the past. Not one of those achievements was done by someone pining for days gone by.

And even if that stuff was invented it wasn’t widespread by 1914, IIRC.

I would still put up the last 50-60 years against that litany of achievements. if anything the pace of innovation has sped up.

 

[superchuck500]

 

[MT15]

Is that real? My god….

 

[DaveXA]

Dude is senile.

 

[J-DONK]

Dude is senile.

I think he is really really dumb. It's why he does so poorly in debates. The only debate Donald ever won was against Biden's demented husk. Even then, he couldn't answer on topic.

"President Trump, how would you attempt to bring an end to Russia-Ukraine war?"

Trump "I'll tell you how I'll do it. Great question btw, wonderful questions. Don't we have the best questions tonight guys? I would stop this mass of illegal immigrants coming over the border."

 

[UncleTrvlingJim]

Do they not teach that correlation does not equal causation anymore?