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Comments by "" (@TheDavidlloydjones) on "How Trump's Steel Tariffs Will Impact Jobs" video.
quality parts, Those were exactly the years during which the Obama-Yellem economy repaired the damage done by the Cheney-Bush loons in 2000-08 -- and they did it in the teeth of steady opposition and lousy arithmetic by Ryan and McConnell.
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Nick V, EU tariffs are around 3.1%, item by item the same or lower than US tariffs. As usual, Trump is lying, just making stuff up out of thin air.
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Nelson, It has nothing to do with anybody being a "pussy." It's simple economics: tariffs are everywhere and always a drag on economic efficiency. They steal money from huge numbers of people to give to a very few. In the case of the Trump steel and aluminum tariffs, he might help a theoretical, very theoretical, 300,000 people in the steel industry. He will with great certainty hurt everybody who uses steel or aluminum -- and this hurt will happen immediately to the seven million plus people in the industries that use steel or aluminum. The rest of us, all of us, get hurt more slowly down the line. Tariffs are simply a medieval weapon, like the arquebus or the battering ram. They make a lot of noise, and do nothing useful in today's conditions.
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Nelson King, The Trump economy started January 31, 2018 -- Janet Yellen's last day on the job at the Fed. The Dow Jones was at 26,076.89 -- the end of an eight year climb from the destruction by Cheney and Bush, the repair by Obama and Yellen. The Trump Dow-Jones has not returned to that level yet -- though it probably will, temporarily, under the massive fiscal stimulus of the Trump-Ryan-McConnell deficits.
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