Agreed. Pat’s only about 25% right. Unfortunately about 25% of the time he’s dead wrong, and dangerously so. E.g. tariffs - a trade war won’t help our economy, high productivity and high quality products will.
Bring on the trade war.
The current situation is not sustainable.
Pat is not really a conservative but sometimes rents a conservative suit for TV.
I think that low tariffs for revenue ( not protection ) are the correct idea. Set a 15% value-added import tariff on everything, have no quotas on anything, and then let the rest of the world do whatever it wants. If American jobs are lost due to imports, the revenue from the tariffs will offset the lost income taxes from domestic production.
Amen, brother.
What is killing us as a nation are insane forms of internal protectionism that are destroying our competitiveness.
With our insane corporate tax, inane energy policy and broken educational system we should perhaps be amazed that any jobs stay in the U.S. .
I work as a management consultant and I see our competitive vigor be drained way everyday in my work. All of our wounds are self-inflicted.
Rationalization of the tax code in line with international norms, the massive adoption of nuclear energy and internal oil and gas resources, and the complete deregulation of our secondary school system would put us back on top again in very short order. The dollar would soar and our enemies would quake in fear.
What is needed is a ruthless national self-examination combined with political vision and courage. Sort of like what Sarkozy is doing in France.
We are being driven into national decline by a motley crew of eco-freak sentimentalists, class warrior wealth-haters and other assorted left-wing hand wringers.