Posted on 11/27/2011 5:29:36 AM PST by radioone
I warned last week that a recession and higher unemployment were about to hit the U.S. economy. On Tuesday, the Bureau of Economic Analysis cut their estimate of growth in the third quarter ending September from 2.5% to 2%. Then on Wednesday, the Federal Reserve rocked financial markets by forcing Americas 31 largest U.S. banks to stress test balance sheets to determine their capability to withstand an 8% drop in the economy; which would cause home prices to plunge by 21%, and unemployment rate to jump to 13%.
(Excerpt) Read more at biggovernment.com ...
I couldn't disagree more fervently. To hell with globalism.
With all due respect, it's about principals, values, love of country.
My boycott continues and in my heart of hearts, I will go to my grave someday with this certainty, I threw all my support behind the country that I love.
Steppin off my soapbox now....anyone gotta cigarette?
Correct, and those light bulb are hazardous. Huge mistake and nobody in D.C. cares.
Right. On.
We are doing it wrong and it has very little to do about where we buy anything from. It is more about how we used to do it here and the government got in the way by taxing and regulating business to the point they could not afford to modernize.
I do business with a few Americans who understand this simple fact and have made the decision to open new businesses based off modern manufacturing technologies. Most can deliver the same product of my design for less than I can now obtain it from China. The capital expenditure 100% depreciation write off will get us there along with scaling back all of the thousands of regulatory mess that keeps our businesses from competing.
So how does the new style compete with China? The offsets of labor against shipping. The raw materials are also on a worldwide speculation markets as is oil so it is not the cost of materials unless as they have shown time and again to do, substituted substandard materials to further drive down the cost.
Our own government, again, is in the way of our country prospering and as far as I’m concerned all but a few cab rot in hell. That few does not include my local representatives but Rubio is looking to gain access but has gone quiet for a while now.
While you’re busy finding reasons why we shouldn’t enact tariffs.
We continue to lose ground.
Fast.
Full agreement. D.C. talks a good game but when the principals, values and love of country are weighed by their collective actions ... well ... a different story is told. Saddening and disturbing.
Nothing will be done between now and January 2013 so all of your hootin’ and holerin’ will do absolutely nothing to hasten the end of the malaise we are mired in right now. Just who in the hell do you think is going to sign off on tariffs right now anyway? Ron Paul?
All he will do is the same as you by identifying the problem and not offering much in the way of solutions if any. Whoever beats Obama is going to have to espouse a “plan” in detail of how we will emasculate the federal overlords and turn it back to the country without turning it upside down overnight. If we institute 100% tariffs immediately, we will lose 100% of whatever exports we still have and because of our tariffs, what we no longer produce in this country will cost many times more.
Case in point. While I was in Iran, guys who were able to have their vehicles sent over there eventually sold them to others who were coming in at a price higher than they paid for it new. A car had to be in the country for I think it was seven years before a local could buy it without the added tariffs. in 1974, a friend of mine sold the car he bought for $5000 (1967 Cutlass Convertible) to a local for something like $14,000. The car was a beater by all measures and was absolutely worn out. Maybe a $600 car here in the states. During the time he owned it, the eventual buyer had also purchased a small truckload of replacement parts and pieces so the restoration would commence immediately. After the restoration, he sold it for about $30,000.
So, how much are you willing to pay for your next new computer when the one you are typing on craps out if your immediate plan is enacted?
The answer is to compete with them on a level playing field, get rid of the unions because their shelf life has expired a long time ago and let lose the reigns of capitalism. All of them. To do that we need not concentrate on just one person in office but throw the whole mess out and let each and every one of them have to stand on their record without the ill-gotten insider trading war chests they accumulate to squash competition.
And it only took Obama three years to get us to this point.What a guy. /s
For a variety of reasons, the chief of which is NQN, Next Quarters Number. That means lower cost. That means cheaper labor. That means make it where the labor is cheaper.
These are choices made without wisdom to satisfy short term goals. I say the rationalizations that enable people to make such decisions stem from a secular, relativist world view.
The FAIR TAX and NOW!
The Fair Tax will save us 1 TRILLION a year, every year, in compliance alone.
The Fair Tax is a ZERO ZERO income tax on persons or corporations. ALL overseas manufacturing would return within a year.
Those jobs they told us in the 70s “ain’t comin’ back?” Well, they ALL WOULD!
It is truly FAIR TAX or BUST (TSHTF)
I think people are stuck in “Emperor’s New Clothes” mode.
We’ve seen a couple Republican candidates through the years try to warn us.
H. Perot Perot. Duncan Hunter. Donald Trump. All understood, and tried to tell us.
They were marginalized by those making billions of dollars off our destruction.
As long as those selling us out, succeed in keeping those voices on the sideline, most Republicans remain transfixed by their “free trade” programming, and will take the easy route and stay neutral.
Once someone manages to reach enough Americans to break the indoctrination, the dam will crumble. If America has enough time left... Unfortunately it doesn’t seem anyone is really willing to stand up and say he’s naked as a jaybird until then.
In the meantime the America we all grew up knowing, dissolves more every single day.
And nobody does anything to stop our slide.
Excellent thoughts. Those who see and sense the problem usually never attain the means to begin a reverse course. The system is designed to thwart those with ideas to improve the situation for America and Americans because the system is designed to collapse (presently) rather than enable. Should 2012 elect more conservatives there will be precious little time to begin corrections. Doubtful the system will help but rather impede. As the system impedes, conservative voices may not be heard, as the stampede gains momentum and heads for the cliff. But a beginning must take place otherwise the lemmings will rule the day.
Your Iran analogy is stupid. Iran produces no cars, as far as I know so they are stupid to tariff them. This is why we need to act NOW. If we stop making computers here then it is too late for a tariff to work. That is the whole point.
Free Trade works so well we no longer have a steel industry. Imagine that, a first world power with no manned space program or a viable steel industry. We are outsourcing our manned space flight - what a joke. Selling out your country is profitable. The trick is to make a lot of money and die of old age just before the collapse. We are screwing our fellow Americans yet unborn. They will rue the day we ever drew a breath.
Just to make sure I understand... are you commenting on my quote:
“Sorry for the long reply, but your model of protectionism would only lead to one thing. The destruction of profitable companies and instead the replacement by Union and government connected companies. You may as well say you want Fascism to help save the day.”
I’m not sure how you took that and thought that somehow I implied any tariffs or levies to be Fascist? That is not at all what I was saying.
Instead my point was one about protectionism and what could easily happen in our society. (In my opinion)
Companies who are the best connected politically, or Unions that could influence the government etc, would be the companies who succeed in a closed economy approach. (Which my comment was targeting-The previous poster saying massive Tariffs to effectively create a non-competitive marketplace)
There should always be some fee imposed on imports as it costs us money to provide for the infrastructure to access buyers, but it shouldn’t be put in place to stop competition!
Cheers,
If that competition is predatory, we certainly should.
Why would we not?
“A truly free market means FREE”
And not a one way street from a tarrif standpoint like the current system.
“low skill jobs need to go wherever the jobs can be done the cheapest”
Lets just bring back slavery here then to restore our competitive edge, anything for the corporate bottom line.
And no, not everyone can re-train to be a doctor or an electrical engineer. There are some people who can only manage a simple repetitive task, God bless them, IQ being a factor.
Actually slaves need cradle to grave care, food, shelter, medical. Could you imagine the OSHA rules for slave owners? /sarcasm
I suppose I’ve always seen competition as predatory. After-all I want to drive my competition out-of-business.
I do like Central_Va’s point on Tariffs though, I think it’s very fair for us to have the same % as our trading partners. If they want to have a high Tariff we mirror it. I’d suspect that would help balance things out over time, though it would still be some pain in the short-term.
Happy Sunday!
“Jetliners.
Not so fast. Much of those airplanes come from foreign suppliers. For instance, the new Boeing 787 has major components manufactured on foreign soil to appease foreign governments. Even the decades old, yet wonderful, Boeing 737 has been parted out overseas.
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