Tariffs just hurt the end consumer and creators of products. Sounds good when you put them in but hardly anyone actually benefits from them.
OT: Possible 1995ish economic outcome (warning, this article presents something potentially positive)
- Thread starter horshack.sixpack
- Start date
I remember when Jimmy Carter put Brazil and other South American countries in the soybean business with that ill-founded Russian grain embargo . Two great examples of the president having a hell of a lot more power than he had the sense to know how to use it.
I bet Brazil wouldn't have figured out how to farm in the subsequent 50 years. FIRE CARTERS
Dorn to the rescue!!!!!!!
They would be nowhere near what they are now if it weren’t for the embargo years.
Man I'm just participating in the conversation, why are you making it personal?
Considering Brazil is a borderline G8 economy these days, I thought it a bit odd to blame events from nearly 50 years ago. I guess it happened sooner, but also there were valid reasons to do the embargo on the Rooskies (in hindsight it was overall bad policy) - which obviously had negative effects for some.
I just learned this week that the Roaring 20s started with two years of serious deflation. 15% per year.
I do think we saw a shift in the wrong direction when preventing a stock crash went from saving a lot of money for a very few people....to saving the retirements of nearly half the country (and thus half the voters) and a lot more money.
It's hard to believe they are doing that well when so much of their population lives in shanty towns.
We sold the country to China for good somewhere around 2008. Putting this wet noodle back in the box isn't going to happen. This society is hell bent addicted to cheap *** Chinese goods and we are watching China buy up farmland everywhere.
I don't believe the answer is to dump more of the same into china's lap though.
FOR SOME ????? It had an effect on every grain farmer in this country. His reasoning was no more valid than Trump's tariffs. Both were knee jerk moves.
It helped cause the worst farm economy since the Great Depression. The 80s were an absolutely horrible time to farm. So many people had to sell and get out and it completely changed the landscape in our area.
As long as you have a hand technically you can still get laid whenever you want, and it will cure cancer as well.
We have some advantages as far as natural resources, refining capacity, the size of our economy, and the occasional restriction on exports that help make gas cheaper for us, but a lot of the difference is we just don't punch ourselves in the dick as much with policy intended to make gas more expensive. I don't see why that would have to end.
I do remember how bad it affected the smaller farms in our rural area. Watching those small family farms in my area going under was no fun. In the 1980s there was a lot of economic growth in this country, but it wasn't in the farmland.
Yep, watched family lose everything during those years.
I do remember how bad it affected the smaller farms in our rural area. Watching those small family farms in my area going under was no fun. In the 1980s there was a lot of economic growth in this country, but it wasn't in the farmland.
From a guy who legitimately came from a farming family. Carter is apparently a very good person. Idiot as a president.
Carter is probably one the most genuine presidents we’ve ever had. Incredible person. He just had a lot on his plate in his presidency and ended up making some poor decisions.
His name is still a curse among many in Louisiana for how bad he screwed the rice farmers.
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