Drudge Retort: The Other Side of the News

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madbomber

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Tuesday, August 26, 2025

Even before the Ivy League upheavals of the past two years, Jewish students had been slowly drifting away from the elite campuses of the Northeast. Now, as some seek respite from the protest movement that erupted after the Israeli response to the October 7, 2023, Hamas invasion of southern Israel, the drift has become more like"sorry"an exodus. And selective colleges outside the Northeast, sensing an intensifying disdain for Ivy League schools among Jewish teens and their parents, are tripping over one another to recruit these students. read more


Tuesday, July 22, 2025

Black Sabbath singer Ozzy Osbourne has died at the age of 76, his family has announced. Osbourne was a music icon, who rose to prominence as founding member and lead singer of Black Sabbath in 1968. The band were pioneers in the heavy metal genre of music, writing classic tracks like Paranoid, War Pigs and Iron Man. After leaving Black Sabbath in 1979 over rising tensions with its other members, Osbourne had a lengthy solo music career releasing more than a dozen albums. read more


Comments

"So Trump's strategy is working then, which is awesome to hear. Companies in America will see it's lucrative again to produce goods long since left behind because it wasn't worth producing given imports were cheaper."

This is what Bernie & co. Have been saying for years.

Problem is, it's not true. Or at least most likely not true. Depending on the tariff rate, US producers would simply match prices to what a comparable imported product would cost. Basically, it's the government forcing US consumers to pay more for a product in order to benefit US-based industry. But here's the rub-the population of the US is around 340 million. The global consumer class is around 3.5 billion. The US government can force USans to pay more, but they can't force consumers in other countries to do the same. When the US implements tariffs against another country, that country responds in kind. Which in this case means that US manufacturers lose as much as 90% of potential market share.

There are other problems as well. Who is going to work in these factories that provide all the goods and services that the US would need to replicate locally in order to meet demand? Robots? Maybe, IDK. But there isn't going to be a sufficient labor force, unless the demand for local labor drives labor costs in manufacturing to the point where skilled workers are choosing to work in factories rather than in their trained profession. This gets into the economic concepts of absolute advantage and comparative advantage. Skilled should and do benefit society in a way that unskilled workers cannot. And when policy compels skilled workers to take jobs that don't require those skills, you lose out on those people being able to contribute at the level they otherwise would have in a free market environment.

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