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To: A. Pole
If some other nation is making the goods cheaper, protectionism will just delay the inevitable, while hurting the American economy in the meantime. The Soviet Union trade block was the epitome of protectionism. Over time, it produced goods nobody wanted to buy. We tried to protect steel, which just increased the cost to manufacture goods that used steel, hurting American competitiveness.

I won't vote for a protectionist Republican. Granted, a real regime of hard line protectionism would be so economically damaging (and other nations would retaliate, precipitating trade wars), that it would never be implemented. But that doesn't mean we won't have to endure being subjected to demagogic lip servicing of it.

22 posted on 12/03/2006 8:35:18 AM PST by Torie
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To: Torie

What is protectionism?


25 posted on 12/03/2006 8:41:01 AM PST by hedgetrimmer (I'm a millionaire thanks to the WTO and "free trade" system--Hu Jintao top 10 worst dictators)
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To: Torie

Interesting - you won't vote for a protectionist Republican. I guess that means you wouldn't have voted for Abe Lincoln or Theodore Roosevelt, among many others.

Abraham Lincoln was asked about using British rails and trains to create the Transcontinental Railroad, since British imports were cheaper than American made equipment. He rejected cheap imports, saying that if America bought the rails from the British, America would have the rails and the British would have the money. But if Americans bought the rails from other Americans, America would have both the rails and the money.

Luckily you are much smarter than Abe Lincoln and reject his advice on protectionism. BTW, his policies turned the U.S. into the arsenal of democracy and an industrial powerhouse.


35 posted on 12/03/2006 9:12:33 AM PST by Howard Jarvis Admirer (Howard Jarvis, the foe of the tax collector and friend of the California homeowner)
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To: Torie

"I won't vote for a protectionist Republican."

See Ronald Reagan: Harley Davidson.


56 posted on 12/03/2006 7:51:21 PM PST by taxed2death (A few billion here, a few trillion there...we're all friends right?)
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