Posted on 09/05/2011 9:49:48 PM PDT by Bratch
Herbert Hoover would disagree.
My app is an element of a very large enterprise. I’ve done the enterprise job at Pac Bell with a building containing 5 raised computer floors of 110,000 sq ft each covered with IBM, Amdahl and Unisys mainframes plus a couple hundred super-mini computers at the San Diego building. A matching capability exists in Hayward. The centers are interconnected with high speed fiber. My little “op” used an HP9000 to control 80 super-mini machines that each controlled 100 central office phone switches. I could process 5000 transactions per second on that network in 1986. Respectable speed at that time in history.
I haven’t visited Poland yet, but I’m quite attracted to the Polish restaurants around the Chicago area. Very tasty.
We don’t have ‘free trade’ or ‘free markets’ in this country any more. Haven’t had them for decades.
BTW...anyone who refuses to learn the lessons of history is a moron. Tariffs and trade restrictions have never worked...they simply chase capital and trade elsewhere. It was tariffs that turned the stock market crash of 1929 into the great depression.
Tariffs can work great...all depends on the situation. And they have worked great for America in the past (crack open your history books) and China right now. You are simply repeating the free traders faith and credo. 600-700 billion dollar trade deficits obviously are of concern to you
As far as Smoot-Hawley, back in 1933 trade was 2-3% of our GDP so how could it have had much effect on our national economy. 97% of which had nothing to do with international trade
Pat really needs to stop living in the past.. Well the phony past. My grandfather worked for Caterpillar and he was poor. My dad worked in the factory for bit.
Buchanan is the only one that has figured this out. He is right.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.