Posted on 12/08/2016 3:15:18 AM PST by expat_panama
Economy: Pop quiz: Attach the correct name — either liberal President Obama or conservative Vice President-elect Mike Pence — to the following quotes.
"The free market is the greatest force for economic progress in human history. It's led to a prosperity and a standard of living unmatched by the rest of the world." "The free market has been sorting it out, and America's been losing."
If you guessed that Obama uttered the second quote, you're wrong. That was Mike Pence at a press conference in Indiana after Donald Trump announced his deal with Carrier to keep 1,000 jobs from shifting to Mexico.
After Pence made that remark, Trump added "Every time, every time...
...only 33% of Democrats agreed with Pence, while 33% disagreed.
Does this means that Democrats are more supportive of free markets than Republicans?...
...The last thing they need is still more government interference, no matter what the justification.
Unfortunately, Republicans have failed to make this case to the public in a consistent and compelling way. For his part, Trump has never portrayed himself as a free-market conservative. (Just this week he was bashing pharmaceutical companies for high drug prices.)
But it really confuses things when a rock-ribbed conservative like Mike Pence — whatever he intended to mean — starts talking like a big-government liberal.
In case there is any doubt in anyone's mind, Pence's statement could not have been more wrong. The free market is the reason why the United States has been so successful. It is, as Obama said, "the greatest force for economic progress in history." And the more it is allowed to function, the better and more prosperous everyone in this country will be.
Period.
(Excerpt) Read more at investors.com ...
George and Dr. Charles need to retire.
I wrote Special an email advising that the continuous recounting of irrelevant historical events made George Will irrelevant in the present . He should be removed.
Dr Krauthamer is not terminally biased like George Will and is not sour grapes every time all the time.
When I read that statement I see that the man has a complete and total believe that the free market system is the best and only way to run the economy of our county....
And he's right... America has been losing at its own game because of excessive regulation which is a sly form of subversion perpetrated by the far left...that is to say, The Commies..!
Curious if any of you “Movement Conservative” can comprehend the difference between cutting someone future taxes (i.e. Carrier) and taking money out of the Federal Treasury to make grants and loads to a crony (i.e. GM, Fisker or Solyndra)?
It is utterly amusing to watch supposed “Libertarians” and self styled “True Conservatives” busy mouthing the Marxist economic dogma that all economic output is property of the State and any time the state takes less it is a “Government subsidy”.
That is the base for this absurd “crony capitalism” argument. This dogma that any reduction in government taxation MUST be “paid for” by increased taxation on others is utterly absurd nonsense completely at odds with our system of Government.
Under the US Constitution (and the John Lock theory of the “Consent of the Governed” ) Taxes are the gift of the people to the Government. Government has no right to the income unless the people grant it.
Nope. We never had a “Free Market”. Aince the end of WW2 we have had a “Managed market”. US Gvoerments have been using US Trade policy to advance US Froegiht policy goals. There is nothing “Free Market” about it and hasn’t since the 1920s.
George will is just your standard issue Meida “Conservatvie” butt hurt Never Trumper who will daily find something to whine at Trump about.
Trump is merely saying “Maybe we need to reexamine our Trade and economic policies. Maybe the theories and dogmas we been following for the last 70 years no longer work for a modern, globalized world”
We haven’t had a free market in perhaps a century.
We’ve been playing a rigged Globalist game of three-card monte.
1. No monopsony (no sole or limited number of buyers - i.e. the federal government, including the corrupt crony capitalist DOD acquisition systme that is happy wasting $100Bs on itself while acquiring things at the highest possible expense to the taxpayer - because they can with a corrupt Congress collaborating on this).
2. No monopoly (multiple suppliers in genuine competition without collusion to keep prices up).
3. No information asymmetries (e.g. no information advantage to a specific seller against competition or a specific buyer, e.g. defense contractor selling to the idiot corrupt bureaucrats supported by the double agent support service contractor inside the beltway industry).
4. No externalities (e.g. no market distortions interferring with the operation of the free market. For instance no barriers to competitive entry through regulation; no transfer of social costs to the taxpayer through offshoring where industry does not have to bear the costs of unemployment, infrastructure development, health care, etc.; no barrier to entry because of exclusive access to information - e.g. national security information; no tarriff or regulatory asymmetries; no advantage from foreign merchantilist policies)
Those who are screaming loudest about Trump are those who enjoy favoritism by the present holiday from free-market competition.
Also, we pay our drug companies enough to subsidize drug costs for all other countries.
We pay $100/pill so Canada can pay $2/pill and Nigeria can pay $0.50/pill.
We were sold a load of stinky stuff with “free trade” talk. We were told that we could sell our stuff “over there” someplace and make money. Turned out we buy all of our stuff now made “over there”, and our middle class that was grounded in manufacturing is now nearly gone. Almost 100,000,000 Americans out of the work force, sitting in the wagon the rest must pull.
I think to say that Republicans are for free trade is not quite correct. The Bushes were for free trade. The Clintons were for free trade. The obamas were for free trade. And here we are.
Free trade between first world countries is fine. Same between second and third world countries. But you can’t have it between a high standard of living country and a poor one. Eventually they will become equal. That is fantastic for the poor country. Insane for the wealthy country. Another word for free trade is Communism. Global.
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