Posted on 03/17/2016 8:41:56 AM PDT by SeekAndFind
Let me guess... the ‘Risk Analysis Group’ is made up of a bunch of liberals who benefit from Americans being stupid in their trade deals.
Yeah, ‘the world’ won’t do as well if they can’t play us for fools or buy off our elected officials with paid ‘speeches’...
It all depends on whose ox is gored.
These “crony capitalists” COULD straighten up and fly right, but that would mean they would become vulnerable to the predation (the act of robbing, victimizing, or exploiting others) of their direct rivals. So they die, one way or the other.
Fear of death, or at least financial ruination, is a powerful motivator.
It’s starting to get to the point that no matter what Trump would do at this point, I would vote for him to bring ALL these clowns down.
TRUMP and only TRUMP!!!
What growth? US economic growth has been around 1% for years.
As usual the NYT blames the NEXT guy for all of the problems we face in this country.
Ignorance is everywhere. This group is dumber than a rock.
Global growth?
The U.S. taxpayers have already been forced to rebuild half the planet while they’re stuck in decades of decline.
The rest of the globe will get along fine without our tax dollars.
How would Trump's massive tariffs fit into that?
Why are the disciples of deceit in D.C. concerned with global growth while they’ve put us into decades of decline?
Why are they looting the U.S. to support, rebuild and police the rest of the planet?
It seems this is the biggest con-job of them all.
Oh that’s funny!
He’ll reduce global growth because US companies will be running back here in droves!
The tariffs probably won’t come about - it is a big stick to make predatory nations deal with us on a level playing field.
Just like Reagan had to fire the air traffic controllers, maybe Trump will have to call some nation’s bluff...ONCE. He can pick some nation that is less consequential, like Mexico. The rest will learn very quickly not to screw with a master negotiator, and Mexico itself will come to us with its tail between its legs before long.
As I posted earlier in another thread on this article:
Let us clarify!
Taxes are the charges by which Government is generally funded. Tariffs are taxes. They, as other excise taxes, were the preferred way the Founders proposed for the funding of our Federal Government. Article I Sec. 9 of the Constitution specifically rules out the present abomination with respect to graduated taxes on incomes.
Granted, as Jefferson understood, high tariffs are not good; they do interfere with the free flow of commerce; just as graduated income taxes interfere with the optimum use of individual talent in commerce.
Those who pontificate about the harm that tariffs do--and I agree with many of their points there, under ordinary circumstances;--discredit themselves, when they refuse to consider the deleterious effects of other forms of taxation.
What now tips the scales more strongly back in favor of reconsidering tariffs, frankly, is the destruction of a sense of community, in communities across the continent, by the politically correct internationalists values, that the Academic/Media complex & the craven political establishments have created, which takes the stigma out of people ignoring the social & economic interests of their respective communities. (Macro economics mask these concerns.)
The people strutting around as "experts" on these subjects need the wonderful take down, that Donald Trump is giving them. As a proponent of traditional American values & the legitimate interests & rights of our rooted citizenry for over 60 years, I unhesitatingly applaud the efforts of Donald Trump in these regards.
Donald gets it. The pseudo intellectual poseurs in the political establishments in both parties, really are clueless.
We stand with Donald!!
I do have to remind everyone that in two of the three greatest economic booms in American history, we had tariffs in place. George Washington, Abraham Lincoln, James Madison, Andrew Jackson, John Adams, Grover Cleveland, Teddy Roosevelt, and William McKinley all supported the tariff.
As a free trader, I have had difficulty finding any scholarly evidence that the tariff ever did significant harm. The exception appears to be the Smoot-Hawley Tariff . . . except all of Europe had already slapped their own tariffs on virtually all items before the SM was passed. Doug Irwin maintains that when combined with the deflation of the Fed, the SM tariff probably had a 5% economic impact-—very significant. The problem is that by the time SM was in place, the world’s economies were already in depression AND already had their own tariffs in place.
A tariff prior to 1900 was used to extract LOWER tariffs and regulations in foreign countries. And it worked. The tariff as a tool has been very successful.
How does the USA get into a war that has been ongoing for over 30 years?
Global Growth is Theft from America by definition so, yea.
My 1970's history text books barely mention trade as a factor in the Great Depression. This Smoot Hawley myth was a cooked up as a way to rewrite history.
Our trading “partners” have been using non-tariff barriers for decades to restrict American manufactured products. The Reagan administration was the last to fight back. Reagan’s trade negotiator Clyde Prestowitz has written extensively about what American companies are up against, including in his recent book ‘The Betrayal of American Prosperity’
http://www.econstrat.org/publications/books
“CONSIDER THIS SHOCKING FACT: while China’s number one export to the United States is $46 billion of computer equipment, the number one export from the U.S. to China is waste $7.6 billion of waste paper and scrap metal.
“Bestselling author Clyde Prestowitz reveals the astonishing extent of the erosion of the fundamental pillars of American economic might beginning well before the 2008 financial crisis and the great challenge we face for the future in competing with the economic juggernaut of China and the other fast-rising economies. As the arresting facts he introduces show, the U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence. If we do not make dramatic changes quickly, we will confront a painful permanent slide in our standard of living; the dollar will no longer be the world’s currency; our military strength will be whittled away; and we will be increasingly subject to the will of China, Russia, Saudi Arabia, and various malcontents.”
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