Maybe someone can help me understand. I have questions about our economy?

Let’s say all the tariffs are in place, manufacturing comes to the US, regulations are eliminated.

Can the USA be better off isolated? Can we prosper in the global economy?

How will my life and that of all Americans be better?

Will the economy of the United States be better? How does that happen?

Will I have more choices when making purchases? Better quality products?

Will I be paying more or less for products made in the U.S.?

How will the stock market and retirement savings be affected?

Will elimination of regulations be good in all cases? Did the regulations have a sound purpose? Could we be at greater risk at times?

How will all this affect the rate of inflation?

I am not an economist. I am not an expert.

Does it add up?

However, when I look at all this combined, I see nothing positive in the aggregate.

Now if you factor in tax cuts, it becomes more confusing. Is there a plan, a long-term strategy?

What does your crystal ball tell you?

7 comments

  1. Al Lindquist

    Didn’t you know that we are now under regulated? Ever heard of a snail darter? And that’s just one example. We need more rules and regulations so the bureaucrats can keep their positions.

    The stock market??? Who invests in the “stock market”? I thought most of us invested in the world’s best companies. Look how well we innovated when they shut us down in 2020–the regulators loved that shutdown–remember the foolish rules in so many blue states like NJ–wasn’t NJ the place where liquor stores were open and gyms shut down–now that makes sense. CA where swimmers were arrested?

    Inflation? Well, if the Fed pumps out $ then we will have inflation–too much money chasing too few goods–it ain’t rocket science.

    It would be good if more products were made here especially pharmaceuticals and items for defense but free trade is my goal–as long as free trade is fair trade.

    You see nothing positive??? Boy am I surprised!!

    But didn’t you tell us illegal immigration was a positive for this country and the corpse was really in fine shape so need for the 25th Amendment. Don’t believe my lying eyes and avoid hearing anything the corpse mutters I was told. Not so sure about your judgement!

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  2. Here’s A clue, 2022 headline…

    GM Factory Workers In Mexico Get A 25-Cent Raise To $3.25 An Hour

    Do the math.

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    1. Well, it seems like there is more than a simple math equation concerning the factory floor worker. Chevy Silverados are built both in Indiana and Mexico. There is no break in the price to account for the cheaper labor. My last truck cost more than my first house. So you will have to look elsewhere if you’re going to claim inflation due to place of production.

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  3. I’m somewhat confused by tour statement that regulations will disappear. You honestly think the Code of Federal Regulations won’t last? As for manufacturing here, there are reasons for some things to be made here. Armaments for example. If you think you might want to fight somebody it’s a little embarrassing to call a truce and say “Can I borrow a few rounds until our shipment comes in?”. Things like computer chips and batteries for all the EVs that are popping up. Textiles can stay built overseas as well as all the Walmart stuff. Will there be inflation? Will you have more choices,will your retirement and investments be affected? My Magic 8 ball says “cannot predict now” and so we will continue as we are.

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  4. I think it’ll end up as a win-more situation, where current winners in our economy will continue to prosper, while economic mobility and middle class lifestyle will continue to decline. It’ll become a tale of two Americas. But it’s probably not going to amount to anything because I anticipate seeing a major flip during the midterms, and then the next presidential election, so all of this could get stalled/wiped out in a few years.

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  5. AL LINDQUIST

    “people with crystal balls end up eating crushed glass”–old Wall Street saying–Marty Zweig I think

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