Posted on 09/12/2009 10:27:14 AM PDT by jazusamo
Good move. Level the playing field. Put the same costs on foreign manufacturers that are mandated for America manufacturers. If American companies have to pay extra environmental, health care, taxes and regulatory costs then put the same dollar load on foreign companies. It’s like States do on equalize sales taxes with compensating use taxes.
I appreciate the concerns many have with jobs being outsourced and all, but this is nothing more than capitulation to the unions, and sets a dangerous precedent. We’ve got to be competitive in a global economy, and protectionism isn’t going to work in the long run.
Personally I see no problem with tariffs. This is how the federal government was originally funded. Now if only income taxes could be rolled back more.
Errrr.. No.. Wrong move.
Correct move would of been to strip the regulations, taxes, and enviromental mandates off of American companies.
I couldn’t agree more, protectionism is a bad path to take.
Frankly, they should ban Chinese imports and exports.
I have a better idea:
Why not CUT TAXES AND REGULATION on U.S. Manufacturers?
I think he has basically pronounced the policies of FDR as 'sane', leading to this kind of economic collapse:
GOVERN
CON MENT
SUMP INVEST PUR EXPO IMPO NET
YEAR GDP TION MENT CHASES RTS RTS EXPORTS
---- ----- ----- ---- ----- ---- ---- -----
1929 790.9 593.9 92.4 105.4 35.6 46.3 -10.7
1930 719.7 562.1 59.8 116.2 29.4 40.3 -10.9
1931 674.0 544.9 37.6 121.2 24.4 35.2 -10.8
1932 584.3 496.1 9.9 117.1 19.1 29.2 -10.1
1933 577.3 484.8 16.4 112.8 19.2 30.4 -11.2
1934 641.1 519.0 31.5 127.3 21.4 31.1 -9.7
1935 698.4 550.9 58.0 131.3 22.6 40.7 -18.1
1936 790.0 606.9 75.5 152.5 23.7 40.2 -16.5
1937 831.5 629.7 94.0 147.0 29.9 45.3 -15.4
1938 801.2 619.5 61.3 157.8 29.6 35.2 -5.6
1939 866.5 654.0 79.5 171.8 31.2 36.9 -5.7
1940 941.2 688.0 111.3 174.2 35.4 37.8 -2.4
1941 1101.8 737.1 137.3 288.0 36.4 46.5 -10.1
1942 1308.9 719.7 72.1 692.0 23.9 42.2 -18.3
Wrong, it wasn't a good move. A good move would have been to lower taxes on corporations, including evironmental etc. Level the playing field that way. This is going to cause no end of trouble.
I believe there’s something to be said for that. The Chinese want our trade but they build a military machine to defeat us and the free world.
Protectionism turned a mild recession into THE GREAT DEPRESSION!
If you believe in liberty, you should believe that I have the right to purchase whatever I want, from whom ever I want, at a price we both agree upon.
End of story.
There is a lot of buzz on the net about a lot of these tires being dangerous and short lived. The Chinese don’t give a crap about quality control, safety etc. Anything to make a buck and you never know when they will subsitute materials or change specs without purchasers knowing.
It would have been more clever just o ban them for safety reasons and hold them up for years due to that.
And, China bans the “import” of US Bonds?
This type of protectionism will lead to higher prices and inflation, at a time when American families need it the least. We are currently at 16% unemployment, and deflation, not inflation is what is needed.
We have enough causes of inflation. The stimulus bill and additional government debt causes inflation, and to combat this, the Federal Reserve will raise interest rates. Raising interest rates will ensure that the real estate market will never recover.
There is a lot of buzz on the net about a lot of these tires being dangerous and short lived.That can be addressed in the market place, and by requiring that tests be performed, by requiring conformance to safety standards.
To simply assess a 'tariff' IMO is, well, dumb.
''Tariff Disaster Offers a Lesson on the Folly of Protectionism''
It will level nothing. All this will do is cause 1930 all over again. If people in this country that 'buy American" policies will put American's to work, they have no idea on how many of the jobs we still have in this country depend completely on free trade.
So enjoy your "buy American" closed border communist country. You are getting what you ask for after all. Including the 50% or more unemployment that goes with it as other countries start slapping tariffs on American products.
Why people have this "everyone works in a factory" mentality is simply amazing.
Most successful American manufacturing in this country is automated and produces a product far superior and cheaper than anything hordes of cheap labor could ever come close to producing. But what does the average protectionist think? Cheap labor= cheap products. Nothing can be further from the truth.
Correct-a-moondo, that!
However Marxists, leftists, Democrats, and narcissists hate being bugged with history and economics.
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Question: how will they blame a trade war on Dubya?
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