Right, just don't mention that to Sanders, Hillary, and Trump....
Posted on 03/09/2016 3:43:27 AM PST by expat_panama
...when making laws or economic decisions, it is imperative that we examine not only what is seen but also what is unseen. In other words, examine the whole picture...
...A concrete example was the Bush administration’s 8% to 30% tariffs in 2002 on several types of imported steel. They were levied in an effort to protect jobs in the ailing U.S. steel industry.
Those tariffs caused the domestic price for some steel products, such as hot-rolled steel, to rise by as much as 40%....
...there is no such thing as a free lunch...
...steel-users — such as the U.S. auto industry, its suppliers, heavy construction equipment manufacturers and others — were harmed by higher steel prices.
It is estimated that the steel tariffs caused at least 4,500 job losses in no fewer than 16 states, with more than 19,000 jobs lost in California, 16,000 in Texas and about 10,000 each in Ohio, Michigan and Illinois.
In other words, industries that use steel were forced to pay higher prices...
...back in 2002, the typical hourly wage of a steelworker ranged between $15 and $20, in addition to fringe benefits — so we might be talking about an annual wage package averaging $50,000 to $55,000 — how much sense did it make for American consumers to have to pay $800,000 in higher prices, not to mention lost employment in steel-using industries, to save each job?
It would have been cheaper to tax ourselves and give each of those 1,700 steelworkers a $100,000 annual check...
...When Congress creates a special privilege for some Americans, it must of necessity come at the expense of other Americans...
...Congress ought to get out of the miracle business and leave miracle-making up to God.
(Excerpt) Read more at investors.com ...
You actually think the rest of the world is going to walk away from a $17Triilion dollar economy.? stupid. The US market is the gold standard.
In the meantime, you might be able to track down Alan Greenspan's testimony before Congress back then on this specific point.
Gee I don't know maybe an industrial might come in handy if their is another huge world war? Might....
I’m a little skeptical on the need for all these “Free Trade” agreements. If I want to buy coffee from Juan Valdez That should be between him and I. The governmental morass of these treaties seems to only complicate these transactions.
The number of jobs we have lost to foreign countries is dwarfed by the number of jobs we have lost to automation and technology.
There is truth in that, but part of the same problem has encouraged reducing labor...our employers are taxed and regulated to death, especially in their function of hiring people. But, even with automation many companies are moving overseas...I think you will agree with that. And that is because of the virtual oppression we have put upon our own employers. Other nations are much friendlier to business...that is where they go to take advantage of the other side of the equation of our so called free trade deals. It is only free trade from our side, that is not free trade.
You picture is not complete, it is a one dimensional view of a multi-dimensional strategy that Trump has. You create a false reality then try to come to a “reasoned” conclusion which is impossible because you put forth a false beginning. You will not win this “debate” you simply do not have accuracy on your side. This is a multi-dimensional mismanagement failure by our government, it is not really about free trade which is nonexistent at this time.
Face it, your short sighted thinking is ruining the country the Republican brand and conservatism. It is embarrassing. Free Traitors™, which I consider you one, have had your run. Go Trump, go!
Ping
One important factor in creating wealth is minimizing the use of your most expensive resources by finding alternatives. In a wealthy country, human labor is usually one of the most expensive resources you can possibly use. That’s why wealthy people, companies, and countries always replace their most labor-intensive activities ... through automation and/or through relocation of production to cheaper locations.
“No, you worded it in true Chump Trump fashion. Everyone is an idiot except you. Trump will win. Trump will accomplish all he says he would. All hail Trump. Any questions are not welcome.”
I am sincerely sorry...I should have worded it differently. My apologies, you did not deserve that...I didn’t really intend it to be so blunt, but when I reread it I do see your point.
This $17T economy is also $18T in debt -- and that's just Federal government debt. We are the "gold standard" for global markets because we'll burden ourselves for generations to come with massive piles of debt -- just to keep ourselves deluded about maintaining our high standard of living.
The U.S. is not a "growth market" at all. How many more cell phones can anyone expect to sell here, for example, if we already give them out to our welfare cases?
Bottom line is Free Traitors™ love the income taxes for individuals but conversely for corporations they hate them. This is why the Republican Party is viewed as the party of rich fat cats and globalists. The stereotype does indeed fit. The people aren’t stupid.
Why would anyone volunteer to join the Marines and get paid a paltry $1000 a month to get shot at and blown up by a bunch of fanatical rag heads. Makes no economical sense to do that.
That the author would even consider this thought is very telling.....
Lots of folks see it that way but they're missing the fact that there's a reason the market sets prices as it does. American workers cost ten times as much per hour as does a worker in Togo, and the reason is that it takes ten hours for the Togon to do what an American can do in one.
Don't believe the Marxists who try to say wages are set by privilege, by law, by custom, or anything other than the free market. Marxists lie.
Marx was a “free Trade” devotee.
Who pays the overhead for the Corporations? Whoever buys what they produce or sell. Any corporate tax would be passed on to the consumers, anyway, or the corporation would not be able to make a profit and shut down. Then jobs are lost, and more money goes to China or elsewhere.
...even consider this thought is very telling....
OK, don't consider it if that's your choice, but whether we think about these things or not changes nothing except our ability so govern wisely.
Trump 458, Cruz 359.
Right, just don't mention that to Sanders, Hillary, and Trump....
I don’t see what relevance that has to the economic issues we were discussing. But you are free to vote as you choose.
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