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To: central_va

RE: Again for possible penetration, tariff is not a four letter word.

Been there done that. See here:

http://www.freerepublic.com/focus/news/642710/posts

About 10 years ago, Bush Jr. Imposed tariffs on IMPORTED STEEL to protect steel making jobs in America ( who found it hard to compete against steel makers overseas ).

According to Prof. Walter Williams, looking in hindsight:

It is estimated that it costs Americans something like $800,000 a year to save a $55,000-a-year job. Does that make any kind of sense whatsoever? It doesn’t. It would be better — I would much rather see Congress enact an Aid to Dependant Steel Workers Act or an Aid to Dependant Textile Workers Act and give them — let’s say in the case of steel people — give them $75,000. Say, “Just go lay out on the beach and enjoy yourself.” That would be cheaper than $800,000 to save one job.

It also disrupted the businesses steel USING companies in the USA making it difficult for THEM to compete. RESULT: They had to pay higher prices for the steel they used ( and had to layoff workers as well ).

Guess what happened in the end? The policy was so disastrous that the tariff was REPEALED after over a year.


28 posted on 11/29/2013 7:51:22 AM PST by SeekAndFind
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To: SeekAndFind

Since 90% of manufacturing is done by NON UNION workers, the tariffs mostly protect average Americans that make meager wages. The cost saving of using foreign slave labor is not passed on the consumer. It is a lose-lose situation for the middle and lower economic people in the USA. Every factory that closes creates more socialists and weakens the US and is a tragedy. Free Traitors are worse then the most leftist Commie, more damaging the Reid, Pelosi and Obama. They are backstabbing economic terrorists.


30 posted on 11/29/2013 8:05:39 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: SeekAndFind
It is estimated that it costs Americans something like $800,000 a year to save a $55,000-a-year job.

Show me the math. I say that figure is pulled out of his arse.

71 posted on 12/01/2013 12:02:53 PM PST by Sirius Lee (All that is required for evil to advance is for government to do "something")
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