Posted on 11/23/2013 7:25:46 AM PST by IbJensen
China is afraid that Obama will destroy the value of the dollar completely and they will be left with a bag full of financial wallpaper material.
Yep. Oboma is finishing the job his muslim brothers failed to do on 9/11. "Death to America."
WTC: Destroy the economy - Check.
Pentagon: Destroy the military - Check.
Downed plane headed for the capital: Destroy our form of government - Check.
Thank you God for making that happen. The US needs to stop its spending, pull back its bloated expensive armies, and start acting like a limited Constitutional Republic again.
America needs to make things once again.
Stop importing everything.
China has been the biggest buyer of gold in the world in the last year. As they always do, they buy commodities at the bottom.
THE PARTY’S OVER,AMERICA!
They would turn what industry America still has into another piece of the welfare state. There's simply no need to compete when you have a captive market. There's a reason why the Soviet car industry wasn't the wonder of the world.
Tariffs would also give the Government the ability to choose winners and losers in the domestic marketplace, allowing them to effectively enforce unionization and the rest of their whacked-out agenda
If you hand tariff power to the Government then your most important competitive act suddenly isn't to work better, faster, cheaper - it's to lobby the Government for interventions that suit your company.
Because once you allow Government to place a foot on the hose of production, negotiating with that foot becomes more important than anything else.
Finally - tariffs breach Freedom of Association. Why would we force Americans to buy something they don't want? If a foreign car is better, faster or cheaper than a GM Volt, by what right would we interfere?
If you truly want to bring industry back to America then remove the barriers to industry in America. Capital goes where it is treated best.
Reduce Corporate taxation. Also, simplify taxation. Tax fulfillment costs have become a significant burden on smaller businesses.
Reduce the vast panoply of EPA and other environmental regulations. Companies aren't going to relocate to a country where wood stoves can be declared illegal.
Remove arbitrary, vindictive Government (we all remember Gibson's guitars, I hope).
Get rid of Obamacare. America isn't France. Companies need employees to work more than 29 hours a week, and that's only a small piece of the anti-competitive madness pouring out from Obamacare.
Well, hope this was helpful.
THE SKY IS FALLING, THE SKY IS FALLING!!!
Fall 2015. Sept. or Oct. That's when it all collapses if something drastic doesn't happen to save us, but I don't see oboma wanting that to happen. On the contrary, I believe this is the progressives (and their Islamic allies) plan. Socialism/communism and Sharia law have more in common than most people think. "The enemy of my enemy is my friend."
The left believes, after the fall, they can "take care of" the Islamists. The Islamists believe, after the fall, they can "take care of" the liberal left. Both are confident they are the superior ones who will come out on top in the end.
Like Captain Fletcher told the Red Legs. "Don't pee down my back and tell me it's raining."
Importing is OK, just slap a tariff on imports to cover the social costs. Then I am good.
Horsefeathers.
We have tried “your way” now, for nearly an entire generation.
“Your way” has nearly bankrupted America.
Bring back American industry, and enact tariffs.
Do not let the government choose targets for import tariffs. Have one flat percentage (I would say 10% would be good) and charge EVERY SINGLE THING IMPORTED INTO AMERICA exactly that much of a tariff.
10% on imported oil (no tariff on American oil)
10% on imported Chinese (or Mexican, or European) manufactured goods of any sort.
(no tariff on any American good)
10% on imported food. (no tariff on any American food)
I’m completely series. America needs to become friendly to American producers.
And American producers incidentally need to become friendly to their own country for a change.
Put Americans back to work.
Interesting thought when people now consider shift work at McDonalds a career and demand a 'living wage' for what should be part time employment for teenagers.
We are living on cheap imports. Would raising tariffs really make factories in the United States spring back to life or would it just destroy our purchasing power?
(4) Clean out the Feral bureaucracy.
Yep. Good point.
I can just see the thousands of business lining up to come to the U.S. now that this news is out! (/s)
You sound like King Canute commanding the tide not to rise.
We have a government intent on destroying this country, turning it into a third- or fourth-world socialist dungheap.
There is much unpleasantness that lies ahead, no matter what any person or persons do or don't do.
Plan accordingly.
It would incent our heroic "Captains of Industry" to consider building new plants, possible more automated ones, in Right-To-Work states. It would also lower FedGov™ dependency on income taxes. Which would alleviate the lower purchasing power argument. It would lower our deficit. So I am in favor of import tariffs. Just like our very long sighted and wise founding fathers.
The way I've been describing it is the US (and a lot of other countries) need a "time out". Before we had globalism run amuck, the goal of a nation was self-sufficiency. The US was great when we had that.
The "time out" would involve getting rid of non-citizens and make do with the population we have. Next to no handouts, lots of opportunities to manufacture things we're importing, in agriculture, in other basics. Less, not more, government programs. I'm a *itch about it, but those who don't like it can starve.
For decades, the goal has been to move government up, centralized first in states, now under the federal government. Make things local again. It's easier to have accountability when things are local.
Don't pay back the money "owed" to the Federal Reserve and abolish that evil institution.
There will be some pain. The real problem started with GWB, who supposedly has an MBA and got worse with Obama, whose not too bright. It's a math principle that things happen in cycles and if those cycles are disrupted the results are far worse when control is lost (think mortgage meltdown). Quantitative Easing instead of borrowing real money with interest rates that reflected risk upset what would've happened in the recession. Now, it's out of control....the Fed doesn't know how to stop the bogus money scheme and the stock market is out of control.
What a mess.
So - you admit that you want to:
* Raise all prices by 10%
* Give the money raised to the government.
* Forbid Americans from buying better/cheaper products from abroad, in contravention of their rights of Freedom of Association.
Also: you don’t appear to support any measures that would make it easier to produce wealth in America - you just want Government to build an ‘iron curtain’ around America and prevent foreign competition.
Is that about right?
They're not afraid of that at all.
If the US Dollar is destroyed, the US is destroyed, leaving China either the sole world superpower, or perhaps one of two superpowers (the other being Russia).
They lose trillions of dollars, but it's cheaper than an actual war.
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