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America's Dwindling Economic Freedom (U.S. has dropped out of the top 10)
Wall Street Journal ^ | 01/13/2014 | Terry Miller

Posted on 01/14/2014 1:08:32 PM PST by Carbonsteel

World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.

For 20 years, the index has measured a nation's commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.

Those losing freedom, on the other hand, risk economic stagnation, high unemployment and deteriorating social conditions. For instance, heavy-handed government intervention in Brazil's economy continues to limit mobility and fuel a sense of injustice.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: business; economy; freedom; obama; regulations; taxes
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Please take note that America isn't even in the top 10 anymore.
1 posted on 01/14/2014 1:08:32 PM PST by Carbonsteel
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To: Carbonsteel

I’d gladly drop on this list, if we would raise import tariffs. But apparently we got dinged for government intrusions in healthcare.


2 posted on 01/14/2014 1:12:10 PM PST by DannyTN (A>)
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To: Carbonsteel
"“The U.S. is the only country to have recorded a loss of economic freedom each of the past seven years.” This sad, maddening interval began in 2007 with Republican George W. Bush’s reckless expenditures, brand-new regulations (including the unforgivable federal destruction of Thomas Edison’s incandescent light bulb), and the post-crisis nationalization of American enterprises. This folly continues with President Obama’s trillion-dollar annual deficits, his 24/7 red-tape factory, and the triumph of Obamacare, now blossoming in its entire splendor." National Review Online
3 posted on 01/14/2014 1:14:24 PM PST by DannyTN (A>)
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To: Carbonsteel

Wow: you mean after all the regulations, taxes and nationalizations we’re sinking in economic freedom?

What a shock...


4 posted on 01/14/2014 1:18:59 PM PST by Tzimisce
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To: Carbonsteel; Man50D; Taxman; Principled; EternalVigilance; phil_will1; kevkrom; Bigun; PeteB570; ...

The answer is: implement the FairTax!”

The question is: How can America reclaim the #1 spot on the Heritage Foundation Index of Economic FReedom?

To find out how to help us do that, go to http://www.fairtax.org


5 posted on 01/14/2014 2:18:54 PM PST by Taxman (So that the beautiful pressure does not diminish!)
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To: Carbonsteel

Bump


6 posted on 01/14/2014 2:25:37 PM PST by Jean S
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To: Carbonsteel

“What’s freedom mean to a person when he has no home, food, a living wage blah blah blah....”

The responses I’m mostly getting when I point out such facts.


7 posted on 01/14/2014 2:26:54 PM PST by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: Carbonsteel

We’ve traded freedom for “security” funded by fake money.
When the fake money is rejected, it will be quite ugly.


8 posted on 01/14/2014 2:30:07 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Taxman
The answer is: implement the FairTax!”

The answer is cutting spending. Enforcement of the FareTax would be a nightmare of intrusiveness, especially at this level of spending.

9 posted on 01/14/2014 2:31:07 PM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take your home to pay for it.)
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To: Carbonsteel
Last paragraph of the article:Paging Ted Cruz, Sarah Palin, Allen West, etc.
10 posted on 01/14/2014 2:34:35 PM PST by upchuck (Stop this abuse now! Get behind Convention of the States: http://bit.ly/1ak1Iz9)
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To: DannyTN; All

Actually going back to tariffs would promote economic freedom. It would remove the US from the yoke of the UN, WTO, World Bank, IMF, NAFTA, etc... We would also be able to counter tariffs and trade barriers placed by other nations


11 posted on 01/14/2014 2:37:28 PM PST by SeminoleCounty (Amnesty And Not Ending ObamaCare Will Kill GOP In 2014)
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To: SeminoleCounty
"Actually going back to tariffs would promote economic freedom."

I agree with you. I just didn't think the authors of this report would see it that way.

12 posted on 01/14/2014 2:51:02 PM PST by DannyTN (A>)
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To: SeminoleCounty
"Actually going back to tariffs would promote economic freedom."

I agree with you. I just didn't think the authors of this report would see it that way.

13 posted on 01/14/2014 2:51:02 PM PST by DannyTN (A>)
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To: nascarnation
Ugly and bloody.

Imagine the EBT cards are rejected all over America. The riots would be out of control in a couple of hours.

14 posted on 01/14/2014 3:23:25 PM PST by Former Proud Canadian (Cruz/Palin 2016)
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To: Carbonsteel

It is sad that America is no longer a free enterprise country. And er no longer have protection from the largest bands of robbers. (Tagline)


15 posted on 01/14/2014 3:58:16 PM PST by Mrs. Don-o ("Without justice, what else is the state but a large band of robbers?" - St. Augustine of Hippo)
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To: Carry_Okie

Uhhh, WHAT?!

The actual answer, in lieu of returning to a Constitutional Republic (which those even here would balk upon [IE: ‘I *paid* into SS]), the Fair Tax (for all its warts) would be a far better plan than the current Communistic (and, IMHO, Unconstitutional [IE: 4th, 5th, 13th, 14th, etc.]).

For me, one of the detractors of the F.T. is the limit it imposes (~22% aka ‘revenue neutral’). It does NOT starve the beast outside of what I can barter/trade/etc. to NOT pay the tax. If we had A1S8, that % should/would be MUCH lower.

I’d love to read your explanation of how a line item on everyone’s receipts constitutes ‘a nightmare of intrusiveness’.


16 posted on 01/14/2014 4:08:35 PM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: Mrs. Don-o

We’ve had over 100 years and a multitude of ‘programs’ that have laid waste to our Republic. I’d LOVE to see them compile the data starting at, say, 1900.

No longer implies a recent change...Anyone wishing to see the travesty would acknowledge the death of the Republic many years ago.


17 posted on 01/14/2014 4:13:59 PM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: i_robot73
...the Fair Tax (for all its warts) would be a far better plan than the current Communistic (and, IMHO, Unconstitutional [IE: 4th, 5th, 13th, 14th, etc.]).

If you think the WOD was bad, you ain't seen nothing until we get the IRS sticking its nose into every transaction to collect the FareTax because of the size of the resulting black market.

18 posted on 01/14/2014 4:16:09 PM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take your home to pay for it.)
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To: DannyTN

Everyone knows higher taxes lead to prosperity! And higher economic freedom for all!


19 posted on 01/14/2014 5:08:12 PM PST by 1rudeboy
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To: Tzimisce
Wow: you mean after all the regulations, taxes and nationalizations we’re sinking in economic freedom?

Your taxes aren't high enough, comrade. Our government is here to protect you.

20 posted on 01/14/2014 5:10:06 PM PST by 1rudeboy
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To: 1rudeboy

Who is talking about higher taxes? I want to raise the tariffs and lower the income taxes by an equal amount. A 10% increase in the tariff would offset a $1500 per worker income tax cut. Americans would keep more of their money.

And with a protective tariff in place, American industry would begin to revive which would cause the 23% unemployed to go back to work. That would be a 30% increase in the workforce. Government revenues would soar, not from the tarriff/income tax change, but from all the additional workers.

Government outlays would go down as the unemployed went back to work. Food Stamps, Medicaid, unemployment benefits, etc would all drop, without arbitrary cuts blamed on the GOP.

And America would be a lot less dependent on foreign countries, and better able to defend ourselves.


21 posted on 01/14/2014 5:51:52 PM PST by DannyTN (A>)
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To: DannyTN

You forget: and unicorns would fart rainbows.


22 posted on 01/14/2014 5:53:20 PM PST by 1rudeboy
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To: DannyTN
I’d gladly drop on this list, if we would raise import tariffs.

Obviously, you would.

The only cure for ever larger government intrusions is more taxes. LOL!

23 posted on 01/14/2014 6:07:10 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: DannyTN
Who is talking about higher taxes? I want to raise the tariffs and lower the income taxes by an equal amount. A 10% increase in the tariff would offset a $1500 per worker income tax cut.

So retirees would get screwed? Only workers get this cut?

Will you wait until the receipts are totaled, before you calculate the rebate?

Americans would keep more of their money.

Wow, you failed that econ class, didn't you?

Or was it a math class?

Try to follow, Americans will pay the tariff that funds your tax cut, how does that mean they keep more of their money?

And with a protective tariff in place, American industry would begin to revive which would cause the 23% unemployed to go back to work.

How did industry benefit from the Bush steel tariffs?

Government outlays would go down as the unemployed went back to work.

How do higher oil prices reduce unemployment?

24 posted on 01/14/2014 6:21:00 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Buy American.

Now.


25 posted on 01/14/2014 6:23:41 PM PST by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

Higher prices for oil, NOW!


26 posted on 01/14/2014 6:25:40 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

:)

At some point we have to start choosing to buy American.

I say that time is now.

Buy American.


27 posted on 01/14/2014 6:27:19 PM PST by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network
Yes! We must make imported oil more expensive! So that domestic oil can also rise in price.

More expensive energy, today! For the children!!!

28 posted on 01/14/2014 6:30:28 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Well to be honest I’m for increasing the cost of all imports, not just oil.

I believe we need to raise the costs of everything imported into America, by one level amount.

On all imports. This is the only way I can come up with, which wouldn’t increase the ability of Democrats to meddle in our economy. We’ll need to raise import tariffs on every single thing we import, in one identical amount.

I say do that tomorrow.

We need to balance our budget.

Now.


29 posted on 01/14/2014 6:34:53 PM PST by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network
Well to be honest I’m for increasing the cost of all imports, not just oil.

I know. Oil is just the dumbest part of your plan.

We need to balance our budget.

Awesome! The best way to balance the budget is to damage our economy.

30 posted on 01/14/2014 6:58:37 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

I’ll tell you what damages our economy:

17 trillion dollars in debt.

Stop buying imports. Buy American.


31 posted on 01/14/2014 7:02:01 PM PST by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network
Yes, government spends way too much.

Don't make it bigger.

32 posted on 01/14/2014 7:14:25 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Carbonsteel

Are we a turd world country yet?


33 posted on 01/14/2014 7:42:47 PM PST by SisterK (behold a pale horse)
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To: Carry_Okie

Sorry, the major points of the Fair Tax is the abolition of the 16th AND the IRS. Again, I fail to see your ‘issue’.


34 posted on 01/14/2014 8:35:58 PM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: Toddsterpatriot
"So retirees would get screwed? Only workers get this cut?"

It's an income tax cut. No plan is perfect.

"Will you wait until the receipts are totaled, before you calculate the rebate?"'

No need to wait. Government is either going to get tariff revenue, or income tax revenues from newly employed Americans. Government will get more if imports fall and Americans go back to work, because income taxes are higher than the new tariffs.

Besides I'm offering you a rationale to cut taxes. Aren't you free traders always arguing that our taxes are too high? Now I have a plan to cut them and you're backpedaling to beat 90!!! You can't have it both ways.

"Americans would keep more of their money." - DannyTN

Wow, you failed that econ class, didn't you?

I never failed an econ class. Not even the graduate level ones.

"Try to follow, Americans will pay the tariff that funds your tax cut, how does that mean they keep more of their money?"

They get a $1500 per worker cut in income taxes. They don't have to buy imports. They can pocket that money. Only now the American citizen gets to choose how or if that money gets spent. Before you were taxing them, so they had no choice.

How did industry benefit from the Bush steel tariffs?

It helped the steel industry. Until Bush backed down because Europe was crying and because he didn't want to reclaim our sovergnty from the WTO.

"How do higher oil prices reduce unemployment?"

Look around dude!!! Higher oil prices have created a lot of employment in the U.S. oil industry. Ever heard of Fracking??? Made possible due to higher prices. Only Saudi's and terrorist countries are benefiting from those higher prices. With a Tariff, America benefits.

35 posted on 01/14/2014 9:53:00 PM PST by DannyTN (A>)
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To: DannyTN

better off making it a flat tax with no rebate


36 posted on 01/14/2014 10:06:35 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: i_robot73
Sorry, the major points of the Fair Tax is the abolition of the 16th AND the IRS. Again, I fail to see your ‘issue’.

Yes, you fail to see.

37 posted on 01/14/2014 10:07:09 PM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take your home to pay for it.)
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To: DannyTN
It's an income tax cut. No plan is perfect.

LOL!

No need to wait. Government is either going to get tariff revenue, or income tax revenues from newly employed Americans.

Or higher oil prices will cause more unemployment.

Besides I'm offering you a rationale to cut taxes.

You want to cut taxes, cut the corporate income tax, highest in the world.

Aren't you free traders always arguing that our taxes are too high?

Sure. So let's not raise them.

You can't have it both ways.

Both ways? I want to cut. How is that both ways?

They get a $1500 per worker cut in income taxes. They don't have to buy imports. They can pocket that money.

Your plan would raise the cost of our 7 million plus barrels a day in imports. That money goes into your "tax cut pot of money" and it also raises the cost of our 7 million barrels a day of domestic production. That money doesn't go into that pot, it comes out of our wallets.

How many other instances of higher prices with no benefits do you think we can find in your plan?

I never failed an econ class. Not even the graduate level ones.

That's weird. How do you explain your errors?

They get a $1500 per worker cut in income taxes.

And prices rise more than $1500 per worker.

Only now the American citizen gets to choose how or if that money gets spent.

We can choose now, without government raising prices across the board.

Look around dude!!! Higher oil prices have created a lot of employment in the U.S. oil industry.

Awesome! If $100 oil created jobs, $200 oil will drop unemployment to 0%. LOL!

38 posted on 01/14/2014 10:20:21 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
"And prices rise more than $1500 per worker. "

They won't rise more than $1500 per worker. Imports are equal to about 16% of our GNP. A 10% increase in tariffs means less than a 1.6% increase in the general price level.

The average worker in the U.S. earns about $40,000 a year. That means even if they continue buying imports at the same level, they will see an increase in prices of about $600.

And even if prices did rise more than $1500 per person, the fact is that we would have 30% more people working. That means more money spent in American. More customers for American businesses of all kinds. And that means a lot more money to go around.

The future tax burden will go down too. Right now we double pay for cheap imports. We pay when we buy the cheap imports. Then we pay through taxes to support the 100 million Americans who are now on food stamps, and Medicaid and Unemployment.

The cost of unemployed Americans is far higher than any increase in prices that will occur.

39 posted on 01/14/2014 10:30:11 PM PST by DannyTN (A>)
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To: DannyTN
They won't rise more than $1500 per worker.

I just showed you a small part. If we import $250 billion in oil a year, import tariffs would raise prices by $25 billion. If we also produce $250 billion of domestic oil, those prices will increase $25 billion as well. Prices just rose twice as much as tariffs.

Do I need to continue, or does that old econ class you took give you any hints?

Retired Freepers will also probably like to thank you for raising their costs.

And even if prices did rise more than $1500 per person, the fact is that we would have 30% more people working.

Please (pretty please) show me how raising prices adds 30% more jobs.

Use you economics knowledge.

40 posted on 01/15/2014 6:26:57 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Carry_Okie

Wow, your rebuttal sure showed me the error of my ways /s

Let’s say the F.T. is passed. Tell me again HOW the IRS (which would cease to exist) would ‘nose’ into every purchase (since biz would be remitting, as they do today)? And exactly where/what would this ‘black market’ encompass you see looming?


41 posted on 01/15/2014 7:18:30 AM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
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To: Carbonsteel

It is really pathetic — our once great nation doesn’t even make it into the top ten...

Thanks, Obama and Dems. :(


42 posted on 01/15/2014 7:29:53 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: nascarnation

“We’ve traded freedom for “security” funded by fake money.”

We don’t have security either...


43 posted on 01/15/2014 7:30:35 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Carbonsteel

“The Obama administration continues to shackle entire sectors of the economy with regulation, including health care, finance and energy. The intervention impedes both personal freedom and national prosperity. “

Exactly right.


44 posted on 01/15/2014 7:31:54 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Carbonsteel

Just look at all the countries that are ahead of the US in economic freedom.

1. Hong Kong

2. Singapore

3. Australia

4. Switzerland

5. New Zealand

6. Canada

7. Chile

8. Mauritius

9. Ireland

10. Denmark

11. Estonia

12 UNITED STATES


45 posted on 01/15/2014 7:35:14 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Toddsterpatriot
Domestic oil prices won't necessarily rise. You're assuming no change in supply. But we are already seeing increases in supply due to the current price level.

Imported oil prices may not even rise. OPEC may decide that it's better to keep the price down to prevent further innovation, and they may lower their price. In that case, our tariff, would be offset by them taking lower profits.

Prices are currently falling because U.S. Production is going up. That's driven by the current price. U.S. Production is expected to continue increasing for a while, until the price of oil drops further.

If you raise the tariffs on imported oil, you might get a temporary price increase, but that will just help speed the increase in U.S. production. Which is good for the U.S. and good for U.S. jobs.

46 posted on 01/15/2014 8:48:51 AM PST by DannyTN (A>)
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To: Toddsterpatriot
Domestic oil prices won't necessarily rise. You're assuming no change in supply. But we are already seeing increases in supply due to the current price level.

Imported oil prices may not even rise. OPEC may decide that it's better to keep the price down to prevent further innovation, and they may lower their price. In that case, our tariff, would be offset by them taking lower profits.

Prices are currently falling because U.S. Production is going up. That's driven by the current price. U.S. Production is expected to continue increasing for a while, until the price of oil drops further.

If you raise the tariffs on imported oil, you might get a temporary price increase, but that will just help speed the increase in U.S. production. Which is good for the U.S. and good for U.S. jobs.

47 posted on 01/15/2014 8:48:51 AM PST by DannyTN (A>)
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To: Tzimisce

Exactly!...What a shock!!!


48 posted on 01/15/2014 10:47:24 AM PST by AngelesCrestHighway
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To: Tzimisce

Thanks to Captian Yak-Ass Obama!


49 posted on 01/15/2014 10:50:13 AM PST by AngelesCrestHighway
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To: DannyTN
Domestic oil prices won't necessarily rise.

You're joking, right?

You're assuming no change in supply.

Not at all.

Imported oil prices may not even rise. OPEC may decide that it's better to keep the price down to prevent further innovation, and they may lower their price.

How much do you feel we import from OPEC?

If you raise the tariffs on imported oil, you might get a temporary price increase, but that will just help speed the increase in U.S. production. Which is good for the U.S. and good for U.S. jobs.

Hell, if that's the case, double the price.

When you factor in the recession that will occur, we won't need nearly as much oil.

50 posted on 01/15/2014 2:02:42 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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