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To: DannyTN
Yup, just selfish: I failed to grasp right away how you, and the federal government, can solve our country's economic ills by raising my taxes, whether on an import I buy or indirectly when the import's domestic competitor raises its own price as a result.*

_____
*Economic Myth #19 explained

31 posted on 11/13/2012 3:42:32 PM PST by 1rudeboy
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To: 1rudeboy

That’s the key point. The federal government cannot pick winners and losers which includes our manufacturing sector. Our manufactures need to operate in a better economic climate through lower taxes, deregulation, and a more liquid labor market.

Protectionism squashes innovation, frugality, and creativity.


34 posted on 11/13/2012 3:53:30 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: 1rudeboy
I failed to grasp right away how you, and the federal government, can solve our country's economic ills by raising my taxes, whether on an import I buy or indirectly when the import's domestic competitor raises its own price as a result.*

Wait one minute!

Next you'll claim that a 100% tariff on imported oil will raise the cost of our domestic oil.

Learn some economics, sheesh.

38 posted on 11/13/2012 4:52:10 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: 1rudeboy

Competition between domestic competitors will keep prices low.
The domestic competitor will only raise it’s price if it’s the only domestic competitor.


44 posted on 11/13/2012 5:34:55 PM PST by DannyTN
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