In his post #655, central_va weighs in on the value of import tariffs:
central_va: "The situation is DYNAMIC and not STATIC.
What happens after the price goes up is more domestic suppliers come on line because the profit margin is now artificially high.
So the price pressure is now downward after the tariff with more Americans working/producing for a living and paying taxes. "
This is a (perhaps rare) case where I not only agree with central_va, but agree because he took the time some years ago to explain it on a thread like this one.
More important, if I understand correctly, both of us agree with President Trump, while Kalamata and DiogenesLamp, as usual, are here arguing the globalist Democrat position.
Note Southern Whigs (brown) victory in 1840
And this is a good time to remember that in decades before 1860 the South was not solidly Democrat, that there were many anti-Democrats eager to vote for a viable opposition candidate.
These Southern anti-Democrats elected Whig Presidents Harrison and Taylor, and as late as 1860 they gave John Bell's Constitutional Union more electoral votes than Steven Douglas Democrats.
In Kalamata's mind Whigs were as bad as Republicans, at least in their support for protective tariffs, a national bank and "internal improvements".
On the subject of tariffs, as a young man I was taught tariffs are bad (i.e., Smoot Hawley), that "free trade" will bring more prosperity, and the great test of that idea was to be NAFTA.
At the time of NAFTA, Ross Perot was squawking something about a "giant sucking sound" and I thought at the time: no, that's not how it's supposed to work, instead we should actually gain more than we lose.
Well, Perot proved more correct, and Trump was able to make the case in 2016, win the election and quickly turn it around.
Trump sold the idea that "free trade" must also be fair trade and "fair" can indeed mean substantial tariffs.
This puts Donald Trump squarely in the line of succession from Federalists George Washington & James Madison, to Whig Henry Clay, to Republicans Lincoln & Coolidge.
>>BroJoeK wrote: "In his post #655, central_va weighs in on the value of import tariffs... This is a (perhaps rare) case where I not only agree with central_va, but agree because he took the time some years ago to explain it on a thread like this one. More important, if I understand correctly, both of us agree with President Trump, while Kalamata and DiogenesLamp, as usual, are here arguing the globalist Democrat position."
Joey is always deceptive. The fake-republican crony capitalists of the antebellum period, whose strategy of transferring wealth, via protective tariffs, from one area of the nation (the South) to another area (the North,) is no different whatsoever than the crony-capitalist globalists of today, whose one-sided protective tariffs have been transferring wealth from our nation to all of our so-called "trading partners." President Trump is doing a wonderful job of reigning in those unpatriotic globalists by countering their protective tariffs.
Did you ever get the feeling that Joey is a shill for the crony-capitalists?
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>>BroJoeK wrote: "And this is a good time to remember that in decades before 1860 the South was not solidly Democrat, that there were many anti-Democrats eager to vote for a viable opposition candidate. These Southern anti-Democrats elected Whig Presidents Harrison and Taylor, and as late as 1860 they gave John Bell's Constitutional Union more electoral votes than Steven Douglas Democrats."
The South was solidly republican until Lincoln's war. The big-government, crony-capitalist RINO's (republican-in-name-only, aka, modern-day democrats) controlled the North, and then took over the South during the horrors of "reconstruction," to continue their plunder and to create lasting racial tension.
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>>BroJoeK wrote: "In Kalamata's mind Whigs were as bad as Republicans, at least in their support for protective tariffs, a national bank and "internal improvements"."
Again, the Whigs were the precursors of the modern day Democrats. The term "internal improvements," promoted by Lincoln (from his very first campaign in Illinois,) is a euphemism for corporate welfare, aka, crony capitalism. The Whigs (who were also the precursors to the Lincoln RINO's) would push through legislation for a public works project, and then assign their politically-connected supporters and friends to the projects.
That was also true at the state level. The corruption was so bad -- one boondoggle after another -- that by the end of "reconstruction," almost every state government made it unconstitutional to fund any type of private business venture. Under Lincoln's shenanigans, the state of Illionois got saddled with massive debt for failed boondoggle; so they were one of the first (1848) to make them unconstitutional.
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>>BroJoeK wrote: "On the subject of tariffs, as a young man I was taught tariffs are bad (i.e., Smoot Hawley), that "free trade" will bring more prosperity, and the great test of that idea was to be NAFTA."
That wasn't free trade, Joey. That was another form of crony-capitalism. The rule of thumb is, if the Chamber of Commerce is involved, hide your wallet, unless you are a member of the club – then get a bigger wallet.
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>>BroJoeK wrote: "At the time of NAFTA, Ross Perot was squawking something about a "giant sucking sound" and I thought at the time: no, that's not how it's supposed to work, instead we should actually gain more than we lose. Well, Perot proved more correct, and Trump was able to make the case in 2016, win the election and quickly turn it around. Trump sold the idea that "free trade" must also be fair trade and "fair" can indeed mean substantial tariffs."
Remember, everything Joey writes is deceptive. He cannot help himself. It is in his genetics.
We were Perot supporters, and we have been Trump supporters since before he announced his candidacy. Some of the biggest crony-capitalists were the two Bush's – G.W. and his dad (that is, before Obama showed up.)
A very destructive RINO "conservative" was the corrupt Texas Senator Phil Gramm, who helped set the 2008 housing crisis in motion. He pushed through the repeal of the Glass-Stegall Act (which had made it illegal for Wall Street and the banking industry to merge,) which destabilized the financial markets. He is also responsible for the regulatory exemption for over-the-counter derivatives.
BTW, Gramm's partners-in-crime included Bill Clinton and Robert Rubin.
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>>BroJoeK wrote: "This puts Donald Trump squarely in the line of succession from Federalists George Washington & James Madison, to Whig Henry Clay, to Republicans Lincoln & Coolidge."
Everything about that statement is deceptive. The so-called "federalists," or rather, the FINO's (Federalist In Name Only,) and their corrupt Whig and RINO descendants, were just like the globalists of today, but on a smaller scale. Everything they did was arranged to line their pockets, while making the rest of the United States poorer.
James Madison abandoned the "Federalist" party by 1791, when he and Jefferson teamed up against the "federalists" by forming an opposition newspaper called the National Gazette.
President Trump is politically similar to Jackson, not Lincoln or Clay.
Mr. Kalamata