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A comment on Obama Administration Gives Up on Pacific Trade Deal. Parent comment

Re:Obama Administration Gives Up on Pacific Trade Deal by chillacy on Friday November 11, 2016 @05:10PM (#12934946)
I think with enough regulation, he can bring their jobs back. It just comes at the cost of productivity, which means we end up paying extra for it.

Consider the Obama tire tariffs. Tire manufacturing is up in the US, we created some jobs, but overall we all collectively pay way more in tires.

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Re:Obama Administration Gives Up on Pacific Trade Deal by jessaustin on Friday November 11, 2016 @06:28PM (#12935434)
Yeah tires are really expensive now. It stands to reason, that they would pick a product that even poor people have to buy. Couldn't have tariffs on fancy phones and luxury cars!
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Re:Obama Administration Gives Up on Pacific Trade Deal by chillacy on Friday November 11, 2016 @06:56PM (#12935606)
Yup. More details: https://www.washingtonpost.com/news/wonk/wp/2012/10/23/how-o...

We all collectively paid $1.1 billion dollars to give up to 1200 people a job in the tire industry.

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Re:Obama Administration Gives Up on Pacific Trade Deal by YuriNiyazov on Friday November 11, 2016 @07:44PM (#12935840)
Yup, and we should've been willing to pay a whole lot more, so that more people kept their rust-belt jobs, and weren't swayed by Trump's "jobs, jobs" appeal.
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