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The Trade Deficit Myth
American Thinker ^ | March 31, 2016 | Thomas Nichta

Posted on 03/31/2016 4:13:59 AM PDT by expat_panama

click here to read article


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To: wideminded

“It’s usually not a good sign when you see “American Thinker” at the top of an article on FR.”

You’re right, judging from so many responses such as yours, thinking is not an activity a lot of freepers put up with.


61 posted on 03/31/2016 7:34:08 AM PDT by aquila48
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To: Vanbasten
free market

A borderless free market where poverty is free to spread all over the globe. A Free Traitors™ dream.

62 posted on 03/31/2016 7:36:54 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Actually, the free market raises countries out of poverty. Grab a Thomas Sowell book sometime, or Friedman...


63 posted on 03/31/2016 7:39:56 AM PDT by Vanbasten
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To: Vanbasten

“these communist countries”

They’re about as communist as we were back in the early 1900s when sweatshops flourished in the US. The immigrants that filled those sweatshops were quite glad to have those jobs.

We should not judge other societies and other times by our standards today.

And as an aside, China has taken to capitalism with a vengeance, they’re anything but communism. They have morphed into a single party, nationalistic dictatorship, much closer to fascism than communism. With the exception of Cuba and North Korea, I can’t think of any remaining communist country.


64 posted on 03/31/2016 7:46:04 AM PDT by aquila48
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To: aquila48

So, you openly pretend that people don’t work in inhumane sweatshops, that oh, by the way, ARE NOT similar to our factories in the early part of the last century.And to top it off, communism is dead? I think not....


65 posted on 03/31/2016 7:51:32 AM PDT by Vanbasten
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To: Mollypitcher1

Upside-down thinking:
The point is we ship out money, and ship in finished goods, instead of vice-versa. That’s not inherently bad, unless the money is actually worth more than the goods.


66 posted on 03/31/2016 7:55:14 AM PDT by ReaganGeneration2
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To: ClearCase_guy

You’re right on the evils of governmental borrowing from foreign nations. That deficit is upwards of $7T (not sure exactly).

But how is that related to separate, freely chosen trade transactions between corporations?


67 posted on 03/31/2016 8:00:35 AM PDT by ReaganGeneration2
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To: ReaganGeneration2

We ship out money, jobs, profits, value of our money, economic strength, independence, sovereignty, etc. etc. etc.


68 posted on 03/31/2016 8:01:00 AM PDT by Mollypitcher1 (I have not yet begun to fight....John Paul Jones)
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To: cba123

“China is busy buying up American companies.”

Agreed that’s a problem. Policy must address why US companies and people are selling assets like this - like tax policy. BUT you can’t restrict entities from selling. That’s freedom.


69 posted on 03/31/2016 8:07:20 AM PDT by ReaganGeneration2
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To: ReaganGeneration2

Japan was a pretty big market in the 1930s, should we have had unfettered Free Trade with them?


70 posted on 03/31/2016 8:08:37 AM PDT by dfwgator
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To: Vanbasten

You do realize you’re not making any sense, right?

Just checking...


71 posted on 03/31/2016 8:09:22 AM PDT by aquila48
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To: Mollypitcher1

Yet American people and corporations freely buy foreign goods. They see an advantage by doing that. How can the US govt restrict that?

I’m leaning Trump, and believe he could solve this jobs problem, but we all need to think about the dangers of tariffs.


72 posted on 03/31/2016 8:12:13 AM PDT by ReaganGeneration2
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To: Mollypitcher1

Bull crap back atcha. You’re reading into Trump more than there is. He wants to bring manufacturing back to America by taxing us when we buy imports.


73 posted on 03/31/2016 8:12:39 AM PDT by Daveinyork
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To: baltimorepoet

The most rational economic theory is that an economy is billions of people making trillions of decisions and transactions according to their own needs and perceptions and wants. No governing body can possible have enough information, or virtue, to control all that in any way that won’t harm it.


74 posted on 03/31/2016 8:15:41 AM PDT by Daveinyork
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To: Daveinyork
He wants to bring manufacturing back to America by taxing us when we buy imports.

I am good with that. I want that. Slave made products should a have premium surcharge attached to them. Traitor blood money.

75 posted on 03/31/2016 8:16:30 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Daveinyork

Would you rather have your purchases supply a living to a Jap or to an American?


76 posted on 03/31/2016 8:17:13 AM PDT by Mollypitcher1 (I have not yet begun to fight....John Paul Jones)
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To: Mollypitcher1
Tariffs are part of the TOOL BOX that is necessary to repair our economic decline. Anyone who doesn’t see this is downright STUPID!

I'm willing to learn. What are the other parts?

77 posted on 03/31/2016 8:18:01 AM PDT by InterceptPoint
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To: Daveinyork

That may be what you want, but that is not what you will get. If you give up the sovereignty the US possesses and give the globalists free rein, then the rest of the world will have input.

And I guarantee the rest of the world largely supports socialism to a degree I think we can both agree we don’t want.

I don’t think the US should trade with enemies. I think we should trade with countries that share our values: Europe, Canada, Japan.

Your theory would work great in an IDEAL world where the US has no real enemies, and where there are no other governments in the world working to subvert true free trade AND the US.


78 posted on 03/31/2016 8:20:43 AM PDT by baltimorepoet
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To: baltimorepoet

Agreed.

I know someone who’s playing the shell game with credit cards. We’re doing it nationally.


79 posted on 03/31/2016 8:23:48 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: InterceptPoint

De-regulation that favors huge corps that have dedicated lobbyists and lawyers.

Ending pay-to-play political system.

Force Europe and Asia to pay more for their own defense and less on their social welfare systems.

Reduce entitlement spending, and eliminate wasteful defense programs like the F-35, and spend the money on infrastructure like ports and bridges.


80 posted on 03/31/2016 8:23:55 AM PDT by baltimorepoet
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