XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: alt.politics.democrats.d, talk.politics.guns   
   From: dtl@invalid.net   
      
   J Brown wrote:   
   > On 11 Nov 2024, Rudy Canoza  posted some   
   > news:32zYO.4$6BP9.2@fx11.iad:   
   >   
   >> Fact.   
   >>   
   >> https://pmc.ncbi.nlm.nih.gov   
   >   
   > Lie site, not read.   
   >   
   > You flunked economics and have no credibility.   
   >   
   > What are the four direct effects of a tariff?   
   >   
   > The correct answer to the question of what the four direct effects of   
   > tariffs are, with the last being unknown, is C. decline in imports. The   
   > other three effects mentioned are a decline in consumption, increased   
   > domestic production, and tariff revenue.   
   >   
   > Liberal Democrats are financially irresponsible anyway.  Their credit card   
   > debt is ridiculous and they need some kicks in the nuts to remind them   
   > that they are the creators of their situation.   
   >   
      
   https://prosperousamerica.org/economic-view-tariff-jumping-inves   
   ment-the-success-of-the-2018-washing-machine-tariffs/   
      
   Key Points   
   The 2018-2023 washing machine tariffs led to a larger, more competitive   
   U.S.-based residential washer industry, including the creation of over   
   2,000 new jobs at two Korean-owned companies which opened U.S.   
   manufacturing facilities in the southern U.S.   
   Washing machine prices are now below pre-tariff levels, and prices have   
   risen less than consumer inflation, demonstrating that after a six-month   
   flurry, tariffs had little to no effect on washing machine prices.   
   The success of the washing machine tariffs shows that “tariff-jumping   
   investment,” i.e. inducing domestic industry growth via tariffs is a   
   viable strategy for the U.S. in industries that have suffered decline.   
   In January 2018, President Donald Trump imposed tariffs of 20% to 50% on   
   large residential washing machines. The tariffs expired in February   
   2023. Six years later, we can make an assessment: the tariffs created   
   over 2,000 jobs and provided economic growth for the two communities   
   where Korean appliance makers built factories. They also provided   
   economic support for Whirlpool, the leading U.S.-headquartered appliance   
   maker and employer of 23,000 Americans, as well as GE Appliances...   
      
      
   Buck Dellinger, CEO of the Clarksville Industrial Development Board,   
   told us that LG Electronics is one of a number of large companies that   
   have chosen to build facilities in the Clarksville industrial park.   
   Clarksville set up the industrial park 22 years ago to build up an   
   industrial base to offer alternative employment in case the nearby Fort   
   Campbell army base reduced its presence in the area. In the last five   
   years, the industrial park has added 4,514 direct jobs, and a total of   
   7,236 including indirect jobs, Dellinger said. Indirect jobs include   
   suppliers to the companies in the industrial park, and service companies   
   serving employees such as restaurants and convenience stores. In the ten   
   years to 2022, Clarksville’s average salary grew 77%, as compared to the   
   U.S. growth rate of 62%. With 177,000 residents, Clarksville is adding   
   population at over 3% a year and is now Tennessee’s fifth largest city,   
   right behind Chattanooga.   
      
   “We’re ecstatic to have LG Electronics in the region,” said Buck   
   Dellinger. “Advanced manufacturing helps to give us low unemployment, a   
   high workforce participation rate, and a young workforce.” Dellinger   
   recently returned from a trip to South Korea where he met with LG   
   executives. “They are a very stable company, and take good care of their   
   employees. They have enough land here to quadruple their operation and   
   we hope they do.”   
      
   It’s a similar story in Newberry, South Carolina, where Samsung built an   
   appliance facility in 2018. In 2017, recognizing that the Trump   
   administration was determined to clamp down on washer imports, Samsung   
   announced plans to invest $350 million to build a manufacturing facility   
   in Newberry, South Carolina with 1,000 employees. In 2020, Samsung   
   invested an additional $120 million to expand the facility, which now   
   employs 1,200.   
      
   Newberry is a smaller, more rural and agricultural area than   
   Clarksville. Located 40 miles northwest of Columbia, Newberry County’s   
   population is just 38,000. Samsung is one of only two manufacturers in   
   the county with more than 1,000 employees. The other is a food   
   processing company. As a relatively high-tech appliance manufacturer   
   that designs as well as manufactures products, Samsung has had a   
   significant impact on business, jobs, and prosperity in Newberry County.   
   According to a local news report last October, the “Samsung effect” in   
   Newberry has contributed to investment in new housing developments, new   
   restaurants and other new businesses in the area. The report quoted John   
   Worthington, Executive Chef at local restaurant Figaro the Dining Room,   
   who said: “with these bigger corporations like Samsung coming in,   
   they’re bringing in good-paying jobs which makes the economy and the   
   town better.” Figaro is currently advertising for employees.   
      
   --- SoupGate-DOS v1.05   
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