Comment by alephnerd
7 days ago
> A lot of supporters of the trade restrictions don't care. They're working people who don't own a lot of stocks and all they've seen is their jobs sent overseas
A lot of us were also in the market before the pandemic (aka before 4 years ago), so we remain in the green.
Personally, it's a win-win.
1. Based on past tariff action, the current tariffs will not be repealed by any future administration - there is plenty of harsh feelings amongst some of us Dems who were IRA adjacent to France and Germany's lobbying against the Green New Deal and calling it "protectionism".
2. This plus DOGE has caused short term pain as reflected in the NY by-elections leading to Stefanik's nomination to the UN being pulled.
3. Those of us with some sympathy for economic nationalism but don't caucus GOP have been vindicated, but have a messaging tool now as well.
4. We can finally take the UAW and ILA national leadership behind a shed and pull a metaphorical old yeller. There's no point trying to make peace with National when much of their local leadership leans GOP. Makes it easier to concentrate on AZ, NV, and GA - states where the demographic and union makeup is completely orthogonal to the UAW and ILA's cadre. Makes it easier to help the AFL-CIO as well.
5. Sullivan and Raimondo's doctrine has been vindicated. Philippines, Brazil, Colombia, Malaysia, and India have now been made much more cost competitive than China or transshipment via Vietnam or Thailand - either you reduce transshipment from China or your competitors in apparel, textiles, and electronics are subsidized. Vietnam already has sent their Dy PM to negotiate as we speak to reduce tariffs.
Europe also has no option but to diversify away from China as well. Either you fund a state selling intermediate parts to Russia in Ukraine, or start building domestic defense and industrial capabilities like that which existed before the 2000s (which they are now doing).
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Already, some of my peers from my previous life have started testing the waters for a Dem equivalent of the Tea Party. Lot of realignment coming in the next 2 election cycles.
curious what the Dem equivalent of the tea party means? Does that mean a libertarian streak before populist takeover, or is that meant more in terms of a critical voting block to extract concessions?
As in a more populist or outsider type tinge (or vocalizing those positions).
I'd disagree with a number of their foreign policy choices, but the house doesn't really set foreign policy, and the hawkish policies I'd want will anyhow be pushed by this admin but not revoked by any incoming admin.
There's a pretty solid crop of state assembly members and outsiders who can competitively primary out a number of older generation Dems, assuming a model similar to Illinois and NY 2020 is followed.