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Re: Who is right, Wall Street or uncle Wally?

By: ribit in BAF | Recommend this post (0)
Sun, 04 Mar 18 12:15 AM | 55 view(s)
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Msg. 01212 of 06530
(This msg. is a reply to 01207 by Beldin)

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...beldin, MY new truck is made of plastic and aluminum. I can't get a magnet to stick to it anywhere.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: Who is right, Wall Street or uncle Wally?
By: Beldin
in BAF
Sat, 03 Mar 18 10:35 PM
Msg. 01207 of 06530

You are correct, micro.

Here's the thing ... the average car has about a ton of steel in it. The price of steel, right now, is about $700 per ton. IF imported steel prices were to go up by 25% due to increased tariffs, that means an increase in cost of $175 per car. The average price for a new car, these days, is $36,270. The estimated cost increase is .004825 of the average price. PUHLEEEEEEEEASE! Snoooooooooooooooore!

Next, a lot of imported steel is inferior crap that foreigners are dumping in the U.S. at cheap prices aimed at hurting U.S. steel companies and their American workers. Tariffs would simply even the playing field that has been stacked against U.S. competitors for decades, now. This is a much needed shot across the bow of completely unfair competition. The foreign countries who are doing the most bitching about this are the very same ones who tax the crap out of American goods coming into their countries. They are pathetic hypocrites. 


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