Economy 52,842 Posted June 3, 2018 Share Posted June 3, 2018 https://www.google.ca/amp/s/www.houstonchronicle.com/business/amp/Texas-industry-fears-economic-hit-from-Trump-12958717.php Taxes has a large manufacturing hub which requires a lot of raw materials including steel. Exports make up 17% of Texas Economy vs 10% for the US as a whole In addition to manufacturing Texas is also the State with the fastest growing Oil Industry in the Permian Basin where Oil Exports and Gas are surging Fracturing Oil Companies in shale are complaining the Tarrifs will Increase operating costs by 5% to 10% and squeeze their margins and they are warning Trump that this will affect their export growth of Energy Products. Link to post Share on other sites More sharing options...
Economy 52,842 Posted June 3, 2018 Author Share Posted June 3, 2018 Ironic considering Texas is a Trump supporting state Link to post Share on other sites More sharing options...
monster4life231 4,304 Posted June 3, 2018 Share Posted June 3, 2018 Ha. spread peace - #MJInnocent Link to post Share on other sites More sharing options...
Born To Slay 10,996 Posted June 3, 2018 Share Posted June 3, 2018 Beto O'Rourke better use this against Trump and Cruz. Link to post Share on other sites More sharing options...
PartySick 172,426 Posted June 3, 2018 Share Posted June 3, 2018 5 minutes ago, Economy said: Ironic considering it is a Trump supporting state That's the way the GOP works Republican voters are always the first to be sh*t on by Republican politicians. At least, the "elite" Republican politicians that occupy congress, the White House, and certain state governments. Republicans really need to take their party back from the snakes that are in charge now. Whimsical bitch Link to post Share on other sites More sharing options...
LePetitGAGABLover 21,234 Posted June 3, 2018 Share Posted June 3, 2018 You reap what you sow. Its really not difficult to understand Link to post Share on other sites More sharing options...
Scathach 6,674 Posted June 3, 2018 Share Posted June 3, 2018 Karma Link to post Share on other sites More sharing options...
Economy 52,842 Posted June 3, 2018 Author Share Posted June 3, 2018 5 minutes ago, PartySick said: That's the way the GOP works Republican voters are always the first to be sh*t on by Republican politicians. At least, the "elite" Republican politicians that occupy congress, the White House, and certain state governments. Republicans really need to take their party back from the snakes that are in charge now. 1 minute ago, LePetitMonstr said: You reap what you sow. Its really not difficult to understand I red an article that talked about Trumps view of economics as a 70s man. He doesn't seem to have learned how the world economy has evolved with heavy globalization and also modern technology First of all the world economy is now so interlinked that you rarely buy a product just from 1 Nation. That washing machine or car you buy from Japan or China may actually also have parts and pieces made in Germany for example but maybe even your own Nation. That means blocking an import in many cases could directly cost you an export The average car between the US and Canada crosses the border on average 7 times before it's complete because different phases of the assembling are done by companies and plants in each side of the border. So it is not so simple as to just throw a Tarrifs and suddenly you produce more in your own Nation This is not even taking into account other Nations will obviously retaliate with their own Tarrifs on you Lastly manufacturing is less labor intensive than it used to be anyways and make up an ever declining share of the economies jobs. Job growth right now is in service sector, health-care and high tech sector such as software programming or graphic designing His entire policies and political moves are all around trying to help a sector that makes up only 10% to 15% of jobs now and will keep falling with ever rising automation Its not 1970 anymore. Even if his policies helped manufacturing (which they don't), it's no longer a big enough share of the overall economy in most of the Nation to be the determining factor of whether or not the economy does well The US has a surging energy sector, a strong financial and services sector, large retail international companies and big tech companies. That is the strength of the USA and that's what it should focus on. Not obsessing to keep a few more factory jobs at home instead of china that are disappearing with automation anyway Link to post Share on other sites More sharing options...
Nemo 4,410 Posted June 3, 2018 Share Posted June 3, 2018 25 minutes ago, Economy said: Ironic considering Texas is a Trump supporting state Hopefully they'll realize their mistake. Link to post Share on other sites More sharing options...
LePetitGAGABLover 21,234 Posted June 3, 2018 Share Posted June 3, 2018 6 minutes ago, Economy said: I red an article that talked about Trumps view of economics as a 70s man. He doesn't seem to have learned how the world economy has evolved with heavy globalization and also modern technology First of all the world economy is now so interlinked that you rarely buy a product just from 1 Nation. That washing machine or car you buy from Japan or China may actually also have parts and pieces made in Germany for example but maybe even your own Nation. That means blocking an import in many cases could directly cost you an export The average car between the US and Canada crosses the border on average 7 times before it's complete because different phases of the assembling are done by companies and plants in each side of the border. So it is not so simple as to just throw a Tarrifs and suddenly you produce more in your own Nation This is not even taking into account other Nations will obviously retaliate with their own Tarrifs on you Lastly manufacturing is less labor intensive than it used to be anyways and make up an ever declining share of the economies jobs. Job growth right now is in service sector, health-care and high tech sector such as software programming or graphic designing His entire policies and political moves are all around trying to help a sector that makes up only 10% to 15% of jobs now and will keep falling with ever rising automation Its not 1970 anymore. Even if his policies helped manufacturing (which they don't), it's no longer a big enough share of the overall economy in most of the Nation to be the determining factor of whether or not the economy does well The US has a surging energy sector, a strong financial and services sector, large retail international companies and big tech companies. That is the strength of the USA and that's what it should focus on. Not obsessing to keep a few more factory jobs at home instead of china that are disappearing with automation anyway This analysis is better than ANYTHING Trump has said about our economy. Link to post Share on other sites More sharing options...
LePetitGAGABLover 21,234 Posted June 3, 2018 Share Posted June 3, 2018 4 minutes ago, Nemo said: Hopefully they'll realize their mistake. This is Texas we’re talking about though Link to post Share on other sites More sharing options...
PartySick 172,426 Posted June 3, 2018 Share Posted June 3, 2018 1 minute ago, Economy said: He doesn't seem to have learned You could've just stopped there He's an idiot with a total detachment from reality. Of course he doesn't understand how anything runs and will do whatever sounds good or makes him look good in the moment, even when it screws other people out of their hard earned cash or the futures that they're no longer able to build. You want to be a doctor, little Sally? Too bad! The Exulted Tangerine wants you to be a pin up girl. What's that, little Billy? You want to design digital art? Don't be silly! Our Citrus King wants you to be a coal miner...in 2018. I just...you can't give the dude an iota of credit. He's 100% incompetent and worthless as a president. Nothing but a detriment to the country and the world. Whimsical bitch Link to post Share on other sites More sharing options...
PartySick 172,426 Posted June 3, 2018 Share Posted June 3, 2018 1 minute ago, LePetitMonstr said: This is Texas we’re talking about though Remember those few minutes when Hillary was actually winning Texas on election night? Remember when Alabama went blue? Get ready to surf the blue wave, kids, and don't forget to vote Whimsical bitch Link to post Share on other sites More sharing options...
Whispering 18,865 Posted June 3, 2018 Share Posted June 3, 2018 2 minutes ago, PartySick said: Remember those few minutes when Hillary was actually winning Texas on election night? Remember when Alabama went blue? Get ready to surf the blue wave, kids, and don't forget to vote People have to actually register and VOTE, not just complain on social media. The older generation will get out and vote in mid-terms, the younger generations need to put their votes where their mouths have been and we might see a turnover...hopefully! Link to post Share on other sites More sharing options...
Whispering 18,865 Posted June 3, 2018 Share Posted June 3, 2018 12 minutes ago, Nemo said: Hopefully they'll realize their mistake. Republicans won't. They will vote for the Republican, no matter what. Those liberals are killing babies and gonna take away their guns!! Link to post Share on other sites More sharing options...
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