Прагматичний педагог @PragEd

Hi David, Arrogance married with ignorance are not good traits. Let's review your claims one by one: Claim 1: "Tariffs address trade deficits, which prevent money from fleeing the country, which protects the value of your currency I.E. your purchasing power from dropping." Verdict: This claim overstates the effect of tariffs on trade deficits and currency value. Explanation: Tariffs aim to make imports more expensive, potentially reducing imports temporarily. However, tariffs do not sustainably address trade deficits or "protect" currency value. In a floating exchange rate system like the U.S., currency value is influenced mainly by factors such as interest rates, inflation, and investor confidence. Additionally, tariffs can increase consumer prices, thus reducing purchasing power. For instance, tariffs imposed on Chinese goods under the Trump administration cost American households an estimated $460 per year in higher prices. Federal Reserve Bank of New York found tariffs raised consumer prices, harming purchasing power: newyorkfed.org/research/staff… Peterson Institute analysis on consumer impact of tariffs: piie.com/research/piie-… Claim 2: "In the instance of China, it literally prevents them from winning a war against you...raising the value of their currency at the expense of your own." Verdict: This claim is misleading and overly simplistic. Explanation: Tariffs do not directly alter currency values in a straightforward manner. Exchange rates are determined by international markets based on factors like interest rates, inflation, and investor confidence. Tariffs on Chinese goods may reduce demand for these imports but do not inherently strengthen the U.S. dollar or weaken the Chinese yuan. The National Bureau of Economic Research (NBER) found that tariffs imposed on China raised costs for U.S. businesses, thereby hurting the economy rather than strengthening the currency. National Bureau of Economic Research report on economic costs of tariffs: nber.org/papers/w26610 Federal Reserve analysis on tariffs’ impact on U.S. economy: federalreserve.gov/econres/notes/… Claim 3: "When you fly to Spain to get a hip replacement because it's cheaper there, it's in large part because the value of your currency is stronger than theirs." Verdict: This claim is oversimplified. Explanation: While currency strength affects purchasing power abroad, the main reason Americans go abroad for medical care is the high cost of healthcare in the U.S., not solely currency value. For example, the average cost of a hip replacement in the U.S. is around $40,000, compared to about $7,000 in Spain. This cost difference is due to healthcare system structures, not currency. Commonwealth Fund’s analysis on U.S. healthcare costs: commonwealthfund.org/publications/i… Health Care Cost Institute data on U.S. medical expenses: healthcostinstitute.org Claim 4: "It also discourages offshoring of jobs to other nations, increasing your manufacturing base at home, leading to higher-paying jobs..." Verdict: This claim overstates the effectiveness of tariffs in protecting jobs. Explanation: Tariffs can raise import prices but do not guarantee job growth in manufacturing. The 2018 tariffs raised costs for U.S. industries reliant on imported materials, leading to price hikes and sometimes job losses. The Tax Foundation estimated that tariffs led to a net loss of 145,000 jobs due to increased costs for manufacturers, outweighing any job protection benefits. Tax Foundation report on tariffs’ impact on U.S. jobs: taxfoundation.org/how-tariffs-im… National Bureau of Economic Research study on costs of tariffs for manufacturers: nber.org/papers/w26610 Irony: "...you haven't been taught basic economic principles, so it's understandable." (see Brandolini's Law)

@GeneBryant2 @cbsnews Thank you Capt Obvious

@esjesjesj @intheboombox I'm hoping Europe just tells him X, Tesla and Space cannot do business in Europe, and call it a day.

@esglaude @CollinRugg I don't think it was entirely racism. I think it was a healthy dose of racism, misogyny, and flat out ignorance of facts and issues.

@LakotaMan1 @TheRichFromCali I like Newsom and Jefferies, but also Shapiro of PA, Beshear of KY, Buttigeig, and Slotkin of MI. Dems have a deep back bench. The Rep side, Phil Scott of VT. Instead of having primaries when they all tear each other apart, they should present their idea and let us choose.

@TheJoeySwoll Everyone started somewhere. At my gym the other day, a big guy stopped his workout on the cables to help the kid next to him hit his triceps more effectively...the veterans helping the novices!

I am looking at the orange turd win from the pagan view..Samhain is a time of death that must be travelled through to reach the light and rebirth of the Sun and Spring. It requests sacrifice and introspection. Maybe we need to go through this to attain better times.

@jamieson @BigMommaLurka People complain about Biden being old and feeble. When you have rockstars working for you, they do the work. In business, I always wanted people smarter than me working for me...made my job easy.

@CarterCenter @Andrea_51544005 Happy 100th Birthday. Now on to electing Harris/Walz!

@TheAtlantic @rosehorowitch I went to the University of Vermont and I was assigned to read full books, like Plato's Republic, in a week.

@tracyrenee70 And the fact that students refuse to read the whole book. Then teachers are told they can fail them for the lack of work. Teachers then dumb down the curriculum to keep the parent and admin happy. It's a vicious circle.

@LiamFromBoston It would be interesting to see if the port owners use this opportunity to fast-track port automation and make longshoremen obsolete.

@Brendan_Duke My aunt had a house in Jupiter, maybe 30 feet from the high-tide shoreline. Hurricane wiped it and insurance paid for it. They rebuilt in the same spot and were wiped out again several years later. Maybe don't build there?

@SharpFootball UMiami is the KC Chiefs of the college football world

@DanScavino The WAR won't end, UKRAINE will. Putin will then move on to other countries. We should have learned this from Hitler

@NotHoodlum Because the media, and many others, make money off of that concept, so the MSM plays it off that it is.

@VigilantFox @RobertKennedyJr The sad part of this is that the govt WON'T subsidize health food. It's not like voting for trump with being this about.

@IsabellaMDeLuca What you eat is also a choice. You don't NEED to eat this garbage, but people CHOOSE to do so. We also need to take some personal responsibility.

@BuffaloBills @Wegmans Now is time for the Bills to sit Allen, rather than take a chance.

@TonyDungy Coach...you DO realize that not everyone is Christian, yes?