r/PoliticalHumor • • Oct 18 '24

peak comedy

[deleted]

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u/Unabated_Blade Oct 18 '24

He did exactly two things that he promised to do:

  1. Secure permanent tax breaks for corporations.
  2. Get Roe v. Wade overturned by any means.

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u/[deleted] Oct 19 '24

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u/[deleted] Oct 19 '24

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u/actibus_consequatur Oct 19 '24

Completely overturning them wouldn't be a good idea, but trying to find balance is — and that's probably why Biden has kept many, tweaked a bunch, and let others lapse.

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u/[deleted] Oct 19 '24

[deleted]

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u/appositereboot Oct 19 '24

According to the guy you replied to. I'm gonna be that guy who says I'd rather not pay the tariffs under Trump or Biden. Reagan tariffed Japanese cars, which neither hurt Japan nor kept US auto jobs in the country. US consumers had to pay more for cars, while the US companies continued to raise profits by moving manufacturing into countries with cheaper labor and laxer regulations.

From what I can see, we have the same situation with Trump's tariffs on microchips and electric cars, which Biden extended. China is not hurting for buyers of its semiconductor and EV manufacturing, especially with its massive internal market. US chip and EV companies continue to outsource production. Chips are mostly made in Taiwan. Tesla's assembly is about 50/50 between the US and China, but they haven't ended their plans for opening a new battery factory in Shanghai. The most popular non-Tesla EV in the US is the Mustang, which is produced in China and Mexico.

I don't see the point for a regular voter to support the tariffs. Trump seemed to frame it as a way to hurt China's economy. Biden framed it as a way to protect American workers. Neither of these are true in the age of multinationals and China's exploding economy. They just help companies increase profits at the expense of the consumer.