“It’s Absolutely Outrageous!” – Mark Levin weighs in on Trump’s new tariffs on our allies

[corbe]

“It’s Absolutely Outrageous!” – Mark Levin weighs in on Trump’s new tariffs on our allies

The Right Scoop    May. 31, 2018 8:05 pm by The Right Scoop

Mark Levin ripped into Trump and his protectionist advisors today over the new steel and aluminum tariffs on our European, Mexican, and Canadian allies, calling them “absolutely outrageous”.

Listen below:

<PodCast at link below>

Here are few excerpts:

No the Canadians aren’t ripping us off. No the Mexicans aren’t ripping us off. No the European Union is not ripping us off. We buy these products is because we want them…
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It does not help our American families, our communities in this country when we put a gratuitous massive tax of 25% on what we purchase in order to supposedly punish these other countries.

<..snip..>

http://therightscoop.com/its-absolutely-outrageous-mark-levin-weighs-in-on-trumps-new-tariffs-on-our-allies/

[INVAR]

Outrageous is what Levin voted for.

He got what he wanted in pumping Trump, so I hope he enjoys all of these things he now finds 'outrageous'.  I no longer trust his judgement of what is and what is not outrageous anymore than I trust what he thinks is Conservative or not Conservative.

His money refused to go where his mouth has been.

[Hoodat]

It is sad to see so many here on this forum embracing Bernie Sanders' policy for lowering America's standard of living simply because Trump was the one to implement it.

[Frank Cannon]

Levin's blather would make sense if there were free markets, but there are not.

It does not help our American families, our communities in this country when we put a gratuitous massive tax of 25% on what we purchase in order to supposedly punish these other countries.

So now there is something in the Constitution that gives people the right to unlimited cheap foreign shit? Get the flock out of here. 

[Hoodat]

So now there is something in the Constitution that gives people the right to unlimited cheap foreign shit?

Yes.  It's called 'LIBERTY'.  It must really piss you off when I exercise the liberty to buy whatever suits my interests best.

[roamer_1]

Outrageous is what Levin voted for.

He got what he wanted in pumping Trump, so I hope he enjoys all of these things he now finds 'outrageous'.  I no longer trust his judgement of what is and what is not outrageous anymore than I trust what he thinks is Conservative or not Conservative.

His money refused to go where his mouth has been.

WELL SAID. I am not listening to a single one of the talking heads anymore. I don't trust them anymore than I do politicians. Betrayal of principles is its own reward.

[Hoodat]

Levin may have known in advance that Trump was a straight-up Bernie Sanders hardline Democrat Socialist when it came to trade, but his criticism of the policy purely from an economic perspective is correct.

[Frank Cannon]

Yes.  It's called 'LIBERTY'.  It must really piss you off when I exercise the liberty to buy whatever suits my interests best.

What a bunch a bullshit. So can you point to any products that are banned because of a tariff? None.

You make get off being the in the country that send our wealth overseas in irrational trade imbalances and get nothing in return for funding other countries Socialism, but I don't. There are no free markets and pretending that some taxes on shit is going to make something that is in reality nonexistent be theoretically nonexistent is absurd. 

[Hoodat]

What a bunch a bullshit. So can you point to any products that are banned because of a tariff? None.

Banned?  Who said anything about banned?  This is about freedom and my personal standard of living.  It is about me having to pay more for my American-made product because the American manufacturer just raised the price 20% to match the price increase of his foreign competitors.  And in that regard, I can point at EVERY product that now costs more because of some asinine rehashed liberal policy that has been proven to fail again and again and again and again.

You make get off being the in the country that send our wealth overseas in irrational trade imbalances

That wealth comes right back to the US in the form of investment.  It is Macroeconomics 101, not that you actually give a shit.  You seem to be bent on some 'punish the world' crusade with zero regard of how it affects actual Americans.

and get nothing in return for funding other countries Socialism .  .  . 

lol, that's hysterical.  Socialist countries selling us goods at a loss, and you somehow think that helps them?  Good grief, what little steel that China was selling us, they were selling at a loss.  Got that?  They were paying for part of the price of me buying it.  Again, China was paying part of the cost of what I as a consumer was buying.  And you have a problem with sticking it to China like that?  Yet your solution  is to stick it to the American consumer instead?  Screw that.

There are no free markets

Gotta love that reasoning.  There are no free markets, thus we must eliminate free markets.

and pretending that some taxes on shit is going to make something that is in reality nonexistent be theoretically nonexistent is absurd.

Before tariffs, I can buy a Chinese widget for $95 or an American widget for $100.  After tariffs, both widgets cost $120.  So the net result is that $95 and $100 widgets become non-existent.  And if I continue to purchase one, I forgo a $20-25 purchase of something else that I previously could have made.  Net result - my standard of living decreases.  But hey, all you are interested in is punishing China, right?  Let me know how that works for you.

Of course you could simply look a few years back when Obama did the same thing with Chinese tires.  Guess what happened?  Americans ended up paying an extra $1.1 billion for tires, and 3,700 retail jobs were lost.  On top of that, China retaliated with tariffs on American chicken resulting in $1 billion in lost sales.

Those who ignore history are doomed to repeat it.  And those who implement Democrat policies doom everyone.

[LadyLiberty]

Who will pay the price?  The country exporting the goods?  No it will be the consumer, whether they are in the US or any country that retaliates. 

Who benefits?  The governments that collect the duties off the backs of their own citizens.  It's an indirect way of raising taxes on all of us.  In the end, it will lower demand and decrease economic growth.

[Frank Cannon]

Banned?  Who said anything about banned?  This is about freedom and my personal standard of living.  It is about me having to pay more for my American-made product because the American manufacturer just raised the price 20% to match the price increase of his foreign competitors.  And in that regard, I can point at EVERY product that now costs more because of some asinine rehashed liberal policy that has been proven to fail again and again and again and again.


That wealth comes right back to the US in the form of investment.  It is Macroeconomics 101, not that you actually give a shit.  You seem to be bent on some 'punish the world' crusade with zero regard of how it affects actual Americans.


lol, that's hysterical.  Socialist countries selling us goods at a loss, and you somehow think that helps them?  Good grief, what little steel that China was selling us, they were selling at a loss.  Got that?  They were paying for part of the price of me buying it.  Again, China was paying part of the cost of what I as a consumer was buying.  And you have a problem with sticking it to China like that?  Yet your solution  is to stick it to the American consumer instead?  Screw that.


Gotta love that reasoning.  There are no free markets, thus we must eliminate free markets.


Before tariffs, I can buy a Chinese widget for $95 or an American widget for $100.  After tariffs, both widgets cost $120.  So the net result is that $95 and $100 widgets become non-existent.  And if I continue to purchase one, I forgo a $20-25 purchase of something else that I previously could have made.  Net result - my standard of living decreases.  But hey, all you are interested in is punishing China, right?  Let me know how that works for you.

Of course you could simply look a few years back when Obama did the same thing with Chinese tires.  Guess what happened?  Americans ended up paying an extra $1.1 billion for tires, and 3,700 retail jobs were lost.  On top of that, China retaliated with tariffs on American chicken resulting in $1 billion in lost sales.

Those who ignore history are doomed to repeat it.  And those who implement Democrat policies doom everyone.

That's odd. Under your rubric the US standard of living should be higher than hell and getting even higher because we haven't had any serious tariffs prior to this for 30 years. Unfortunately all this cheap garbage flooding our shores has had the opposite effect. Median adult wealth is under effing $40K. That's pathetic. Of course you are upset that your tires cost more. It's because everybody works in a warehouse in this country shuffling foreign shit around to different box stores or mailboxes. No one is making the tires here.

[Hoodat]

It's not only the tariff that consumers pay, either.  They also pay the higher prices set by companies unaffected by the tariffs.

As with the previous tire tariff, American tire companies raised their prices to close the gap with the tariff-induced price hikes of their Chinese counterparts.  It became a short-lived windfall for American tire companies, but did nothing to help them become more competitive.  It actually made them less competitive.

[INVAR]

Levin may have known in advance that Trump was a straight-up Bernie Sanders hardline Democrat Socialist when it came to trade, but his criticism of the policy purely from an economic perspective is correct.

Perhaps yes, but since I no longer trust his judgment because his talk did not match his walk - I do not regard what he says or take what he says is outrageous or not at face value.

I'll have to come to my own conclusions on those issues as I no longer trust what the talking radio heads have to say about anything anymore.

[Hoodat]

That's odd. Under your rubric the US standard of living should be higher than hell and getting even higher because we haven't had any serious tariffs prior to this for 30 years.

Uh, no.  That's not at all what I said.  Clearly, logic is not your strong suit.  My statement was about cause and effect.  Allow me to simplify it for you.  Let's say you have $1000 to buy some widgets from which you derive utility.  Let's say widgets cost $10.  So for your $1000, you are accustomed to receiving the utility of 100 widgets.  That is your standard of living.

Now imagine that a tariff is put in place that drives the cost of that widget up to $12.50.  Now for your $1000, you can only purchase 80 widgets.  Thus, your standard of living has decreased 20%.

Unfortunately all this cheap garbage flooding our shores has had the opposite effect. Median adult wealth is under effing $40K.

And you seriously believe the reason for that is because American citizens choose to purchase products that give them the most utility for their dollars?  I'm sure that increasing the money supply (i.e. devaluing the currency) by $12 trillion over the last 9 years has nothing to do with it.

Of course you are upset that your tires cost more. It's because everybody works in a warehouse in this country shuffling foreign shit around to different box stores or mailboxes. No one is making the tires here.

Actually, my tires were manufactured in Salem, Virginia.  And the manufacturer raised the price of those American-made tires because of the tariffs.

But hey, you've already got your mind made up.  Facts are simply an externality that you can't afford.

[Hoodat]

I'll have to come to my own conclusions on those issues as I no longer trust what the talking radio heads have to say about anything anymore.

That goes without saying for anyone (except maybe Milton Friedman or Thomas Sowell).