Quote:
Originally Posted by jimjamuser
The way I see it - offshoring was done to get rid of US unions. This was accomplished. The unions that are left are small and weak. Mission accomplished - Make America Weak, Poor, and Without Unions. Tariff threats are causing the WORLD to view the US as UNSTABLE. Tariff threats are causing counties like Japan to take their MONEY out of US bonds and look to other counties as more RELIABLE TRADING partners. ........A Flat Income tax like flat sales taxes hurt the lowest end of the financial spectrum the MOST, as will tariffs which drive up prices for the consumer.
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The way you "see if" is correct.
Tariffs will make America grovel again as the world trading lines are cut with both friends and enemies.
Forget "recession". Depression? Time will tell.
Have a nice day! 🙂