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Ray Pooch Wrote: There's no reason that we can't be at trade equilibrium with larger nations. We simply have to sell as much to them as we buy from them. Whether that is desirable in specific cases is a different question, but it's certainly possible.
There's plenty of reasons the US isn't at a trade equilibrium with larger nations.
Globalization, artificial intelligence, and our inability to invest in education happen to be a few.
Ray Pooch Wrote: The fact that some other country is larger makes no difference. It just means that they produce more overall, and hence sell more overall, to all countries, and consume more overall, and hence import more overall, from all countries. It doesn't mean that they export more to all countries than they import, let alone that they export more to us in particular than they import.
Now that's some verbal jujitsu.
Right on Jared. We're seeing teachers who are fed up with republican policies of cutting school funding demonstrating almost every day now. In my state it was Walker slashing union teacher funding and passing laws hurting union workers, now it's coming back to bite republicans in their asses, yesterday, Walker told a crowd of supporters and took to twitter that he was worried about a blue wave.
"Governor Scott Walker and the Republican Party of Wisconsin are not taking the loss lightly, but instead taking it as a wake up call. Walker took to Twitter saying "results show we are at risk of a #bluewave...the far left is driven by anger and hatred and we must counter it."
Chair of the Democratic Party of Wisconsin says the Governor is worried this blue wave trend is building.
“Governor Walker is running scared and he sees that his agenda is not resonating with the people and those people are beginning to make different choices," said Martha Laning, Chair of DPW."
While I went off topic here a bit, what is news is that Iowa & Illinois farmers are concerned about the tariffs, in an interview with a farmer aired this morning on national news, he claimed he voted for trump but now does not support trumps policies. I guess they're learning their lessons the hard way.