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Response to leveymg (Reply #22)

Tue May 15, 2012, 11:54 PM

36. Once again: You have no sympathy for America's working class. Your arguments work to their detriment

 

And I am DEFINITELY not wrong about that. Not even one bit.

Our exports are another thing you're wrong about. Our trade deficit is over $500 billion yearly. That means exports minus imports equals a trade balance of $500 billion in the negative. So whatever argument you are making about exporting services is practically insignificant to the argument I am making about jobs that we're losing to imports.

Let me repeat to you: our trade deficit means that we are importing more than we're exporting. That means that with $54 billion in services exports, we're still in the hole by over $40 billion every month.

As a matter of fact, just to give your argument another kick out of spite, your math is pretty weak. With services exports at $54 billion and services imports at $38 billion, that means we are running a very weak $16 billion positive balance of trade in services. This is a highly fragile balance of trade that only needs a slight currency devaluation by India to turn negative.

So once again, I am 100% correct and you are wrong. You have been defeated not by me, but by sheer mathematics.

I would fix this problem by enacting tariffs to match China's legacy of decades of tariffs and currency devaluations. I would heavily tax imports, and if China and India want to retaliate, let them. They depend on exports to America far more than America depends on exports to them. Absolute irrefutable fact. The math does not lie.

I wouldn't ask you to look up our trade deficit in manufacturing - it might give you a heart attack.

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