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Fri Mar 1, 2013, 06:40 PM

Sequester question: what happens to our economy when

Last edited Fri Mar 1, 2013, 07:51 PM - Edit history (1)

cut-backs of custom agents start hitting ports of entry?

A lot of manufacturing plants depend on imported parts and materials, let alone retail outlets.

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Reply Sequester question: what happens to our economy when (Original post)
hedgehog Mar 2013 OP
madinmaryland Mar 2013 #1
Igel Mar 2013 #2
talkingmime Mar 2013 #3

Response to hedgehog (Original post)

Sat Mar 2, 2013, 01:10 AM

1. Our lawns will get mowed a lot quicker??

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Response to hedgehog (Original post)

Sat Mar 2, 2013, 07:11 PM

2. I'd expect some people to like this.

Slow imports mean higher costs for imported parts.

Higher costs for imported parts make domestic production more attractive.

Increased domestic production requires more jobs. Costs go up for parts, but employment for production jobs also increases after a brief interruption as parts are re-sourced.

Tarifs, of course, decrease, causing a cut in federal revenues and a loss of port-of-entry and shipping jobs.

Then again, a lot of these kinds of things come in by container and are pre-cleared. It's the slowing of import of raw materials that would be a longer-term problem.

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Response to hedgehog (Original post)

Mon Mar 4, 2013, 08:01 PM

3. Ever flushed a toilet?

 

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