Once again the grass and trees are covered in postcard-worthy snow. It is both beautiful and disgusting. It is April, for goodness sake. We have had more snow since spring officially arrived than all the months of winter combined.
Another boring weekend is past us and it is back to the grind.
News-wise I read the same old crap. The Trumpster has to go because he did something maybe that is probably worse than anything anyone could have done... evah. That is the Democrat/media position. Me, I think all this trade war talk and proposal is a sure way to put the brakes to a steaming economy.
Look, some of that overseas manufacturing left here a long time ago. There is not enough capacity here for many of those products. Tariffs mean steep price increases for you and me. Second, in some cases there isn't capacity at all. For instance a TV hasn't been made in the States for years. One doesn't just open a new plant. You need experts: tool makers, engineers, maintenance guys. It would take three or four years to start up production form scratch.
Look, China doesn't need most of our manufactured goods. They can build it cheaper, and sorry to say it, as well or almost as well as we can do it ourselves. My last visit to a Chinese widget maker showed me a highly automated, state-of-the-art manufacturing plant more modern than anything I have visited here in the States. Yes, I know anecdote is not data.
We can make T-shirts in the US. Are you prepared to drop $30 or $40 for that cheap cotton polyester blend shirt at WalMart? As consumers we cannot have it both ways.
There is a significant and powerful manufacturing sector on this country. Ask anyone involved in manufacturing and they will tell you getting good and reliable workers is the challenge. Employers want employees who show up for work, who work hard, and can pass a drug test. Far too often those three attributes are difficult to find.
Trump claims we cannot loose in a trade war. We can lose if China dumps their massive load of T-bills onto the market.