Posted on 02/04/2009 2:40:10 PM PST by UCFRoadWarrior
Bump for later reading :)
Gross Domestic Product (ref. 1929 dollars in millions) Year GDP 1929 101,444 1930 91,513 1931 84,300 1932 70,682 1933 68,337 1934 74,609 1935 85,806 1936 95,798 1937 103,917 1938 96,670 1939 103,736 1940 112,961 1941 126,237 Source: National Bureau of Economic Research, NBER Series 08166.
We will see if the present trend continues...exactly which industry will be targeted next...we gave up without a fight. Other countries that understand the value of manufacturing must be laughing at the stupid Americans.
I’ll take Ben Stein’s word on this question.
Warrior please ping everyone...I have a buy America vanity. Here is the thread...Stop the madness. I don’t like stimulus but if it will happen GOP pork added so it appears likely...Buy America must remain.
http://www.freerepublic.com/focus/news/2178848/posts?page=8
Warrior please ping everyone...I have a buy America vanity. Here is the thread...Stop the madness. I don’t like stimulus but if it will happen GOP pork added so it appears likely...Buy America must remain.
http://www.freerepublic.com/focus/news/2178848/posts?page=8
>> You used the bandwagon approach and a hasty generalization as substitutes for argument <<
Nothing “hasty” at all about my approach or my argument. The case for free trade been studied, analyzed, and empirically tested time and again since the days of Adam Smith, that is, over the past 233 years. The scientific literature on the matter is so vast that one truly could spend a lifetime reading it.
Moreover, if Adam Smith, Milton Friedman and Tom Sowell are all on the free trade “bandwagon,” then that’s where I want also to be. I’m proud and happy to be in such company.
In any event, Smith, Friedman, Sowell and literally thousands of other economists have done all of the analysis and all of the argumentation that anyone could ever wish for. No propostion in philosophy or science has ever been more thouroughly vetted than has the notion of comparative advantage (or “gains from trade”), and this proposition has stood the test of time — both logically and empirically — at least since 1776.
In other words, further argumentation or explanation is genuinely unnecessary.
I can name plenty of consumers who aren’t citizens and who should have no say in our trade policies. Can’t you?
LOL! You obviously don’t like my question, do you? You never seem able to answer it. I guess you don’t want to admit that a citizen is also a consumer and, therefore, benefits from free(r) trade. Perhaps that’s why free traders have done so well at winning elections. If only people would do what you want them to, eh hedge?
LOL!
Actually it’s you who don’t like to give citizens any more authority than as a mere consumer. Where is the benefit for citizens from “free trade” today? “free traders” have bought elections for the last 30 years, and our economy is in complete shambles from their policies. We are facing a total socialism in our government for the first time as a result of the unfettered “free trade” policies of Bush, Clinton, Bush.
Citizens want a strong country and prosperous domestic economy. They cannot ‘consume’ their way into it as has been demonstrated by “free trade” and our current economic devastation. Yet there you are, harping on the failed policies of “free trade”—it’s as if you want America to pass into oblivion. Why?
Your views on trade mirror those of Obama so you should feel very comfortable with what he's attempting to do. Higher prices and restricting personal freedom is for the good of the American people don't you know.
By the way, 130 million American citizens shop at Wal-Mart every week which proves, not that we didn't know already, that you have no clue what American citizens want. You just think you know what's best for them. I'd pay big money to see you stand outside a Wal-Mart some Saturday afternoon calling everyone entering the store a traitor. You do have health insurance, don't you?
You believe that more freedom = socialism? You are one of the most confused consumers I've ever seen. Entertaining, but very confused.
Hedgetrimmer and the unions unite to fight global socialism! You're the gift (laughter) that keeps on giving.
“Only an elitist would believe they know what’s better for an American citizen than the individual making the purchase.”
Oh, come on! Name calling won’t make you right. The government does that every day with these stupid ‘trade deals’. They decide what’s good or not for all of us. Free trade doesn’t require thousands of pages. Even Milton Friedman acknowledged they are government managed trade and have nothing to do with ‘free trade’.
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.