We are 25% of the world's GDP. Good luck

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Apr 5, 2025
9:12:56am

jrifkin48 All-American

Want access to the US market? Don't tariff and burden US exports. Pretty easy.

This message has been modified

Originally posted on Apr 5, 2025 at 9:12:56am

Message modified by jrifkin48 on Apr 5, 2025 at 9:13:47am

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jrifkin48

Bio page: jrifkin48
Joined: May 7, 2011
Last login: Apr 10, 2025
Total posts: 30,033 (1,447 FO)

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Messages

Author

Time

So, what if American and foreign companies avoided the tariffs by selling their

BYUBandfan

Apr 5, 9:11am

We are 25% of the world's GDP. Good luck

jrifkin48

Apr 5, 9:12am

Currently. That will likely go down if tariffs stay in place. We are only

cougarfann888

Apr 5, 9:14am

You underestimate the US economy. There is no scenario where the US economy...

jrifkin48

Apr 5, 9:19am

The debt load being a big part of it. Austerity must come.

HuskerFan2

Apr 5, 9:23am

Problem is the boomer generation who has created this debt mess have zero...

jrifkin48

Apr 5, 9:29am

Agreed. If GenX can't do it, I doubt any other will.

HuskerFan2

Apr 5, 9:35am

A Boomer POTUS is leading the charge.

Rules For Thee

Apr 5, 9:48am

But he's been talking about this for decades. He's known it's a problem

jrifkin48

Apr 5, 10:03am

How long do you think he's been in office?

Rules For Thee

Apr 5, 10:06am

Trade deficits do not drive government deficits. Budget deficits contribute to

BYU'01

Apr 5, 11:47am

No one disagrees with you on entitlements. Also, truly, good luck reducing

Best Guess

Apr 5, 11:51am

It’s not a choice: find a higher return retirement investment, grow population,

BYU'01

Apr 5, 12:04pm

Truly, good luck getting as politician to do it. Good luck not having the media

Best Guess

Apr 5, 12:19pm

Doing nothing (status quo) means we run out of people willing to lend

BYU'01

Apr 5, 1:15pm

Agreed. 10 years ago I would have never guessed the second coming to be close.

Best Guess

Apr 5, 1:51pm

Millennials aren’t kids anymore. They’re the working class, ages 30-44.

Magneto

Apr 5, 11:56am

I'm pretty optimistic of Millenials post-covid era.

HuskerFan2

Apr 5, 12:01pm

The past 5 years caused most of them to grow up. Sell their sprinter van and

Magneto

Apr 5, 12:10pm

Bring back manufacturing and a stronger middle class and fiscal responsibility

niqmadu

Apr 6, 12:28pm

I hope we don’t

BYU Grounds

Apr 6, 12:36pm

I am not saying we are going down to 4% gdp. But if you don't think these

cougarfann888

Apr 5, 9:36am

Two things: 1) very little of the world is willing to work for $1/day. Wages

Best Guess

Apr 5, 9:56am

I said 1/hour not day.

cougarfann888

Apr 5, 10:03am

Same response

Best Guess

Apr 5, 10:31am

Slave wages for $200 Nikes and the $180 profit Phil Knignt makes isn't a....

jrifkin48

Apr 5, 10:00am

Nikes profit margin after all expenses is 10%

cougarfann888

Apr 5, 10:08am

I think they made $5.7B in profit last year.

Mobettah

Apr 5, 10:16am

Yes on over 50 billion in revenue. So about 10% profit. Are we againt capitalism

cougarfann888

Apr 5, 10:34am

Project much? Sheesh

Mobettah

Apr 5, 12:35pm

If it's exploiting slave wages then we have a problem.

jrifkin48

Apr 5, 1:34pm

I guess that means we can look past Nike exploiting slave labor

jrifkin48

Apr 5, 10:17am

Yep those people will be so much better off when robots in the United States

cougarfann888

Apr 5, 10:30am

Don't robots need to be made and maintained? QC go away? Plenty of good US jobs

Best Guess

Apr 5, 10:33am

Slave wages. Slavery. Human exploitation have been and will always be wrong.

jrifkin48

Apr 5, 10:37am

So did the Vietnamese steal from us by creating a trade deficit or are they

RoboKayne

Apr 6, 9:17pm

If you asked that person in Vietnam who they feel exploited by: Nike’s CEO or DT

BYU'01

Apr 5, 3:56pm

Plus carrying huge % of their $ defense plus free shipping protection. Unfortuna

Ripliancum

Apr 5, 9:48am

Trump tariffs have literally nothing to a country’s tariff rates

BYU'01

Apr 5, 4:10pm

Yes - if you have more than $800s worth on a personal trip in a suitcase

ABCoug

Apr 5, 9:14am

Just buy domestically and you avoid US tariffs. Buy internationally and you

Bullrider

Apr 5, 9:27am

New Balance (American) sneakers

ABCoug

Apr 5, 9:29am

Yeah just do that guys. This is a very easy solution for everyone.

HingleMcCringleberry

Apr 5, 9:29am

I need a new fridge. What is made domestically?

Tare

Apr 5, 9:36am

GE and Whirlpool. Don’t know abound electronic parts.

Bullrider

Apr 5, 9:44am

But GE Appliances are owned by the Chinese company Haier

Tare

Apr 5, 10:01am

I thought you meant just made.

Bullrider

Apr 5, 10:29am

Welcome to VAT

DJROSS

Apr 5, 9:28am

This is a really legit issue in Brazil.

lilpenny

Apr 5, 9:32am

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