Trump Saves Jobs and the American Economy!

Sorry . . . everyone else is writing fake news clickbait, so I've decided to join them-- I'm also sorry that Trump did not save the American economy when he strong-armed Carrier air-conditioning into staying in Indiana with a stick and a carrot-- respectively: he threatened them with tariffs on products they import into the U.S. and provided them with a 7 million dollar state-subsidized tax break . . . this, of course, is taking America one step closer to the isolationist insanity of North Korea-- not that I think there will be too much more of this, I'm hoping Trump did it purely so he could tweet-brag something, and that this is not as an economic policy . . . anyway, for those of you who are confused at how saving 800 jobs is not such a good thing, first of all, understand this is a drop in the bucket-- we've lost five million manufacturing jobs in America since the year 2000-- and if you want to know the effects of enacting high tariffs and forcing companies to stay in the country, listen to this excellent episode of Planet Money: Tires, Taxes, and the Grizz . . . or read my summary of it, anyway, all this means is that Indiana is subsidizing these jobs, and the threats to enact tariffs on parts and labor in Mexico is going to upset the complex supply chains between the U.S. and Mexico, and so Carrier air-conditioners will get more expensive and Americans will foot that bill-- the same way we foot the bill for Chinese tire tariffs . . . it's always cheaper to just pay off or retrain the 800 workers who lost their jobs and let the globalized market work its magic, but that's not fun to tweet about . . . in future fake news (that just might get real) avocadoes: $45 each!


Whitney said...

Late to the program on yesterday's post. I prefer clash city rockers over This is radio clash. Wilco (the song) by Wilco. Does the E Street Shuffle count?

Dave said...

nice ones-- forgot about clash city rockers and wilco. e-street shuffle certainly counts, any obvious reference to the band's name is eponymous.

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