Skip to comments.Buy America, weaken America
Posted on 03/25/2006 8:07:17 PM PST by ncountylee
The Durabrand 10-inch portable DVD player available at Wal-Mart retails for $199.94. A group of senators would like to raise the price to $254.67. The Creative Zen Nano Plus 512-megabyte MP3 player seems like a bargain at $89.72; less so at $114.39, the price the senators would prefer that you pay. The price hikes would be the result of a 27.5 percent tariff on goods imported from China, a proposal sponsored by Democrat Chuck Schumer of New York and Republican Lindsey Graham of South Carolina and is scheduled to come up for a vote in the Senate this week.
Schumer and Graham aren't crazy, of coursethey know better than most that taking money out of voters' pockets is a sure way to be sent packing. In other words, that 27.5 percent price hike won't be coming to a retailer near you anytime soon. But as an attention-getter, it's pretty good, and attention is what the two senators, and a number of colleagues who support them, are after. The chief bogeyman they want to flog is China's communist government, whichaccording to Schumer and the restdeliberately keeps its currency undervalued in order to sell more cheap imports to the United States and other countries. Reasonable economists differ on that question. The tariff, if you buy the argument, would bring prices on Chinese imports closer to their unsubsidized value, leveling the playing field for honest tradespeople in, say, New York and South Carolina, who can't possibly produce goods as cheaply as the Chinese and still earn enough wages to buy all the DVD and MP players that they need.
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Schumer and Graham going for TV time. Smile guys.
I wholly agree with the tariffs. We need to keep American products competitive, and that is simply impossible when competing with countries employing slave labor. If anything, those price hikes aren't high enough.
The more I hear from Lindsey Graham, the less I like him.
If he has any further political aspirations than merely being a Senator, he might as well just change parties now.
While I cringe at the monopoly on cheap production China holds, consider the source. Chucky Schumer. Nuff said.
Well said. Economic patriotism demands that we protect American jobs.
Obviously, the good Senators are ignorant of basic economics as well as US economic history. Similar protective tariffs, like the Smooy-Hawley Act, were disasters for US manufacturers. Besides what use do the Senators have in mind for the money extorted from the taxpayers by such a tax?
Taht isn't the real problem. The real problem is that Red China has nuclear warheads aimed at the Unitd States, that it has goods made by slave labor and then dumps them in our country at below-market prices to get hard currency to fund that war machine, that it steals our technology, and that there is no freedom for the people -- if you ask for democracy, they'll run you over with their tanks.
That's why Chinese goods must not be circulated so freely in this country. By buying them, we're funding our own destruction. When we buy Chinese goods, we're paying for the enemy to build up its military strength against us.
I usually don't, as I'm a free trader, but in this case, national security takes precedence. We must not fund those who seek to attack us.
I suppose I'm doing some kind of harm because I actually avoid buying Chinese products, even if I have to pay more for the item, right?
I recall, on Rush radio show, he talked about a tarrif during the 1930s (government policies) that destroyed the US economy.
I don't know what to think of it. Is a tarriff moving closer to a capitalist system or moving it away? Considering China isn't exactly playing fair
I would rather we pump money into new technologies (can you say NANO?). That's where the future bucks come from... the future! Only problem is, will American children be up to the challenge with their politically correct educations?
Shumer should be on house arrest. It is embarassing to think of him in China. Btw, GM still sells the most cars in the US, in spite of what this journalist opines from his NYC penthouse. He probably cannot even drive.
What America needs to do is have wage and price controls demanding all able bodied persons work for $5 a day! That will show 'em!
I support tariffs. I view them as one of the sole legitimate revenue streams for a gov't. But you gotta base them on economic sense. If you want to send a message, use UPS.
Soot-Hawley-if I remember my history properly- also helped spread the Depression worldwide and lengthened it by quite a few years...gotta love them demoRATS.
Nothing scares 'em more than capitalism.
One important question, IMHO, is how much money a government will take in taxes if:
Can anyone explain any problems in my theory?
Tariffs and protectionism are more of a socialist nature.
We need tarrifs for unfrair trade engaged by China, so that China will be forced to change the value of Yuan and force fair trade.
"The Durabrand 10-inch portable DVD player available at Wal-Mart retails for $199.94. A group of senators would like to raise the price to $254.67"
If you want to protect the working man, then don't interfere when we finally get the opportunity to be able to afford stuff you wealthier people take for granted. I love Wal-mart it has improved my living standard. Unemployment is around 4.7% which is extraordinarily low. When you combine a job with low priced goods, that is a good thing. Ignore the old rust belt bosses and archaic economic thinking, if you raise that price, then I have to go without, and that is a real ,immediate fact, screw your chauvinist ideas that Americans, just have to make shoes or the world will end.
Not always. It could also be a form of patriotism, and to protect fair trade, so that healthy competition will be availible. The value of Yuan is set wrong, and the COMMUNIST China has not changed the value much despite warnings from US. We are facing an unhealthy and unfair trade, benifitting China that fills COMMUNIST China's pocket with money to have them build more advanced military equipments that could threat our country.
The root of the word protectionism, is "protect".
Someone has to protect American industry, before we don't have any more.
They probably will. We have a stronger economy than they do, and ultimately it will do mor damage to them. I'd be happy to trade with them just like any other country -- when they behave like any other country and stop trying to attakc us militarily and economically.
Most people would not care about a $25 surcharge for an item they may get once every 5 years. The truth is "free" trade is a political loser, with people who are against it being very strongly against it, and most people who are for it being at best, lukewarm in their support.
Smoot-Hawley. It helped cause the Depression, although the liberal media will never let you know that.
Protecting yourself against those who seek to attack and destroy you is something different from merely protecting yourself from economic competition.
GM sells many cars in China and is building more plants in China.. Buick is the biggest seller.
How would they add tariffs to already pirated american imports? That's what they've been warned against--they can find an internet user who googles "democracy" but not whole bootleg/knockoff factories.
But the rest of us can't be bothered to pay a few dollars extra for consumer goods.
So, when do you think the Pat Tillmans of the world will see that the only thing that matters is lower prices to consumers?
In the world to come, explain that to him. I'd like to hear what you say.
Nothing helped lengthen the Depression like the New Deal. In 1936, things were worse than in 1932, and in 1940 they weren't any better. Then FDR got lucky and we got attacked. The resulting war rescued the economy, and Democrats have always given the New Deal credit, evne though all ti di was make the destruction worse.
Oh please, give me a break. The unemployment rate by historical standards(meaning how it was measured pre 1990s) is more like 7%, using the U-6 BLS numbers rather than the U-3 they use today. Also with DVD players, an item people get once every five years, a 25% surcharge would work out to 3 cents a day, big whoop.
At hwat cost should we follow "free" trade as it siezes upward mobility up and continues to put down ward pressue on wages? The US economy the last several years has not been moving forward becaue of wage increases, it has gone forward because of home re-fis, and re fis have ben all but exhusted.
The problem so many mainstream "Conservatives" can not think beyond what Limbaugh tells them to think. I have yet to hear one logical arguement for "free" trade as it is structured now, not one.
And even less so at the price it would cost to make here. Face it folks the production is not coming back here unless the cost to make it overseas becomes high enough to justify it. Most consumers will see the price "hike" and shrug it off as typical inflation.
Most of the parts they assemble into cars in US factories come from China, Mexico and Canada.
Bought replacement brake parts for my GM car and Jimmy. In big bold black stenciled letters on all the cartons "Made In China". AND I DIDN'T BUY THEM AT WALLY WORLD!!!
GM sells many cars in China and is building more plants in China.. Buick is the biggest seller.
GM is being *absorbed* in China.
Foreign companies do not own or produce anything in China. Foreign companies are required to go into business with Chinese partners, transfer production technology, then eventually leave the local factory in Chinese hands.
GM is selling the rope - yes, it's happening - that is very soon likely to send it into bankruptcy.
We need to stop playing make-believe about China. We're never going to sell a billion shoes to a billion Chinese. It didn't happen that way.
What happened, is the Chinese learned to make the shoes, then sold a billion shoes to us.
The same thing will happen with cars. Then with airplanes.
When we have lost all capacity to manufacture anything anymore, will we design our armed forces on Lenovo computers????????????????????????
Not true, the Yuan was pegged to the American dollar but that ended quite some time ago. It is now based on a basket of currencies and is freely traded. the Yuan is now like the dollar, traders pay what they think is worth.
You're talking about taking away peoples money and choices at the point of a government gun.
That's the difference.
Now how about you try to explain to Pat how you wanted to take one of the freedoms he died to protect.
Well that is what Limbaugh and t he WSJ op ed pages say, but in historical reality, that is far from being the truth. Tariffs are in fact specifically mentioned in the constitution. Tariffs were used in pre FDR America, when the US govrenmnet in terms of economics was libertarian in nature. It is amazing how bankrupt mainstream "conservatism" is now.
I thought there wasn't much money to be made putting electronic gizmos together, that's why we have them made overseas. (?) Its kind of a goodwill thing. Isn't Korea taking over some of these electronics manufacturing from China (who got it from Japan)?
This is not Japan we're discussing.
China is a completely different animal. A rabid animal.
Why should they attack us when we're their best customer?
If goods can't cross borders armies will.
I think I was way ahead of my time. In 1966 at UCSB, I had a sign in the window of my room on the 7th floor of San Miguel hall --- BOMB PEKING.