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0 pointstechostritch1y ago0 comments

> 2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases

I hate to be this cynical because I think policymakers and economists who lean in different ideological differences all have contributions to make, and in some way probably value right wing economic ideas slightly more than left wing ones

But It seems pretty clear to me that the goal of the Republican platform is just to be as self serving as possible and there is no actual plan for a healthy economy, and at best they might engineer temporary economic outcomes that benefit certain groups, I wouldn’t be surprised it there’s some kind of big economic crash aka 2008 in the next 10 years.

I would be genuinely interested to hear how I’m wrong.

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hakfoo1y ago

The way they've completely given up on education is the key evidence they have no economic vision.

No matter what stimulus hack you do for the next quarter, you need to be educating the next generation in a way that leaves us competitive with other industrial powers. They don't even talk about outcomes and scores anymore-- they just stoke social warfare. You know, if the kids are reading because there's an "OMG OBSCENE" book in the library, AT LEAST THEY'RE MOTIVATED TO READ.

America is not doing a good job of presenting a voice for the future. China has "we're cheap and we've moved fast on greentech." Many Western European countries have gone the boutique/artisan/high quality route. Where does American manufacturing fit into the story?

pfannkuchen1y ago

American manufacturing won’t have to compete on a level playing field with foreign competition if there are significant tariffs though, which is part of the platform AFAIK. So I guess it would fit as “making things Americans buy”?

hakfoo1y ago

I can't imagine that being a compelling sales pitch even to domestic investors.

If Americans are trapped by tarrifs and have to buy whatever domestic-made rubbish is available, and you're not getting a high-quality workforce, why bother investing anything in new designs and manufacturing; hell, break out the old tooling and start cranking out Chrysler LeBarons again!

It's like we're determined to emulate the rapid economic miracles of Japan, South Korea, and the PRC but in reverse. And it's not even out of some principled stand like "we need degrowth to save the environment", but because rich people don't want to pay taxes for schools and infrastructure.

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taylodl1y ago

In other words, isolationism and pandering to an ever-shrinking market. There's no growth and no future in such a scenario. The hilarious thing is that these SV CEOs believe the US can adopt these policies and it won't affect their business abroad. It just shows they're not half as smart as people make them out to be.

downrightmike1y ago

Tariffs never work to reduce inflation, they do the opposite, its been done over and again by the dumbest minds in the world because it sounds like it should work, but it doesn't actually hold up.

j / k navigate · click thread line to collapse

0 pointstechostritch1y ago0 comments

I would be genuinely interested to hear how I’m wrong.

0 comments

hakfoo1y ago

The way they've completely given up on education is the key evidence they have no economic vision.

pfannkuchen1y ago

hakfoo1y ago

I can't imagine that being a compelling sales pitch even to domestic investors.

1 more reply

taylodl1y ago

downrightmike1y ago

Tariffs never work to reduce inflation, they do the opposite, its been done over and again by the dumbest minds in the world because it sounds like it should work, but it doesn't actually hold up.

j / k navigate · click thread line to collapse