Posted on 07/06/2016 4:55:20 AM PDT by Kaslin
But the jobs didn’t come back.
Walter Williams talks trade.
Wrong. There are punitive tariffs and there are protective tariffs. Anyone who DOES NOT agree with Trump on this matter will be required to always have customer service calls tended to by a citizen of the Sub-Continent.
An unanswered question: Once China has completely eliminated the United States steel industry and gained a monopoly, will they still sell their steel cheap?
Would the Chinese ever attempt blackmail once they have achieved monopoly control over steel production? Are they too righteous to do so?
What if we have a war, and have no steel industry to fall back on?
I respect and admire Dr Williams, but he is so wrong on this issue. First of all, he misstates Donald Trumps strategy, his strategy is to get to true free trade by first getting to fair trade. His threat to raise or create tariffs is for negotiation purposes primarily. But, like in steel even if we have to do this temporarily most or even all of the economic cost will be absorbed by new jobs created. Secondly, as an Academic Williams looks at the world as a perfect model...with some exceptions, when figuring out economic policy strategy. When only one side offers free trade, there is no free trade. We have surrendered tens of millions of good jobs to other nations who have absolutely no incentive to offer free trade and take advantage of us. They donate (buy) our politicians for special favors and encourage reduced competition within the US! From our own companies!
I hope Trump hired Walter Williams to give him economic advice
“What if we have a war, and have no steel industry to fall back on?”
The US won WWII because it was self sufficient in manufacturing and most raw materials were available inside the borders of the country.
Today we are no longer self sufficient in many industries. Imagine a war with China with supplies of semiconductors, computer chips, steel, machine tools, electrical generating equipment and clothing cut off. Likewise, imagine an EMP attack by North Korea where our electronic devises and the electrical grid is fried. Does anyone believe the Chinese or any other nation will rush to rebuild our infrastructure without significant concession such as eliminating our military capability?
Losing manufacturing self sufficiency equates to loss of independence.
That’s partially do to regulations. Ominous out of OSHA and the EPA
The other thing to note is that this crooked administration waited until industries had closed and left before making a move to help. To restart a business is the same as initial start up.
I would rather see govt help go to that than the solar industry
You can be a globalist or patriot but not both.
You are exactly correct. We must rebuild our own industrial complex regardless of the means used to do so. The FREE RIDE is over when Trump wins. That is why the greedy one world order idiots are so against Trump.
In WW II, the USA supplied all the Allies including Russia with trucks, jeeps, food, armaments, etc. etc. etc. We could not do the same thing now. It makes me angry beyond belief when I think of JEEP belonging to another country. DISGUSTING!
>>Pearson suggests that the United States should send China this message: “Thank you for transferring so much wealth from China to the United States by selling low-priced steel. It’s helping to keep our large manufacturing sector globally competitive.”
What part of our large manufacturing sector is globally competitive?
Economic prigs like Williams can never acknowledge that there are many benefits to tariffs. That is why a sane logical discussion is never possible with Free Traitors. I hope they all rot in hell.
the econ troglodytes are braying in full force this morning
>>Thats partially do to regulations. Ominous out of OSHA and the EPA
I’ve worked in industry for 30 years. OSHA and the EPA seem bad for some person who works in an office, but if you put on a hard hat and boots and had to work every day around machinery, steam turbines, sewage, chemicals, ladders, catwalks, forklifts, etc you might view OSHA in a different light.
If you lived near a stream polluted by creosote in the 1960s and it’s still toxic today, you’d see the EPA in a different light.
OSHA and the EPA exist because companies used to shift costs of operation to the public (in the form of pollution and disabled or dead workers). Now, we Conservatives complain that companies have to pay their own costs and wish that they could shift them back to the communities they poison because the bottom line for shareholders is more important than those “little people” who live in trailers down by the mill.
When someone complains about the costs of regulation, that’s code for “I don’t want to pay for a safe workplace or to create clean discharges from my factory.”
I remember what the St Johns River smelled like in 1972. I like it much better now.
You prefer a progressive income taxes over tariff revenue making you are a witless Marxist tool.
You must not have read the article. The point made is that protectionist policies for one industry can have massive downstream negative effects on other industries. Do you really want to preserve buggy whip manufacturing by killing the entire automotive industry? Even worse, do you really want government bureaucrats deciding which jobs are preserved, while ignoring which jobs will be destroyed?
The word and meaning of Conservative has morphed into blindly supporting stateless globalist economic goals. It happened in front of our eyes.
I am not saying that in and of themselves those agencies are bad. Look at what they have become under activist commies. Many of recent regulations are geared to shutting places down and giving government control over land.
Even courts have told them they have gone too far
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