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To: impimp

I’m all for cheap goods, until it puts American’s out of work.
Free trade with low wage countries has devastated our industries. It’s time to wise up.

Cheap goods aren’t necessarily cheap when you add the cost of carrying unemployed Americans and all the associated lost tax revenues. In fact, they can be quite expensive.


6 posted on 11/13/2012 2:12:25 PM PST by DannyTN
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To: DannyTN

People (i.e. FDR) used the same arguments you are giving now in the 1930’s and that is why in America the depression is called the Great Depression instead of simply the depression.

Google “Blue eagle” and research protectionism and the economy of the 1930s. I think that the policies you endorse would hurt Americans and raise unemployment. I firmly believe that it is useful to learn from history.


11 posted on 11/13/2012 2:29:03 PM PST by impimp
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To: DannyTN
It's not a question of whether China manipulates its currency (it does), or whether it can be punished for doing so (it can). It's the assumption that jobs would shift here if China is punished that is erroneous.
12 posted on 11/13/2012 2:33:43 PM PST by 1rudeboy
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