We, as a nation, insanely and artificially depress wages of professionals with the importation of H1-bs. The lower end is supplant by the illegal slave market. Free traitors need to chime in here and tell me where I am going wrong.
Tariff is not a four letter word. Any country that outsources production and then re-imports to the US should have the hell tariffed out of them. Where are the Tariff loving Yankees of yore when you need them?
So we get high taxes, big government and with the half, or less of the money/time we modern sharecroppers are allowed to keep, we get high prices too?
Do the other nations get to put on tariffs too? Like on our Jet engines, chemicals, aircraft, wheat, corn, cotton?
Can't wait for the free-traders on FR to find that quote. They will all be wetting their pants and bowing to Karmani...
“We, as a country, should be doing high value-added work versus low value-added work. We don’t want to be making shoes — we’re making pharmaceuticals, software, high-tech cars. That’s how you become a rich country.”
SEE ALSO:
The Emperor, new clothes.
In all my life I have never seen so many, so deliberately blind, to something so obvious.
It’s like mass hypnosis has taken over the brains of otherwise intelligent Americans, on BOTH sides of the aisle.
We are sleepwalking our nation to destruction.
“Where are the Tariff loving Yankees of yore when you need them? “
They became outsourcing consultants.
OTOH, what is wrong with this: “We don’t want to be making shoes — we’re making pharmaceuticals, software, high-tech cars. That’s how you become a rich country.”
The only thing I see wrong with it is that most of the high-tech is done by Asian H1-B engineers and you say that’s ‘insane’. Insanity - affirmative action in colleges; funding useless liberal arts instead of focus on science, engineering and math; without qualified graduates, we either need H1-B folks to fill roles or watch jobs go overseas.
You don’t need tariffs to reduce the effects of globalization. Just have an expensive and time-consuming safety and security inspections of all imported merchandise.
No tariffs are there for foreign nations to retaliate against... making our exports more expensive to the world.
But since it costs so much in money and time, more and more companies will find it more convenient and cheaper to just build the factories here, employ Americans, and make the stuff in country.
“we’re making pharmaceuticals, software, high-tech cars.”
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Here within ten miles of my home a pharmaceutical plant that is only fifteen years old, construction having begun in 1995, is up for sale. This is a very modern plant with a VERY recent expansion in place. What was that line again?
I don’t know why it is up for sale, many seem to think that it is a direct result of the passage of the “health care reform” law. It is strange to me that such a recently built plant that has just been expanded for the production of Tamiflu within the past two years at a cost of sixty million dollars would be up for sale. This is the company that bought Genentech for forty seven billion dollars. It will be interesting to see whether a deal is struck to sell the plant, I have a sneaking suspicion it won’t be really soon.
I instinctively don’t like the idea of our whole economy being based on a few high tech products. It sounds too much like Saudi Arabia, maybe they are doing well one day but what happens the next when another source of energy is found? I would much prefer the broad based approach.
>> Free traitors need to chime in here
And the unions played no role in the demand for imports?
Don’t get me wrong. I hate the sight of abandoned mills, factories, and railroads. But apparently we’re too good for ourselves.