This is how a country goes broke.
Globalists come in both Democrat and Republican flavors.
LESSON: Smoot-Hawley
The real proble is that government has turned the once fertile soil (for industry) of the US toxic.
Something must be done to eliminate the rupturing of American jobs overseas.
No sure that a tariff would work, based on Smoot-Hartley.
Perhaps direct economic retaliation against those nations like Red China whose economic policies are counter=productive to our best interests and do not constitute an equal playing field.
You might find this article interesting...
I will start checking...How about you?
You have to read the labels on everything.
A little time and effort beats permanent pessimism.
The country goes broke by ssessing confiscatory taxes - taking the wealth of Americans away - and flushing it down the unproductive bureaucratic toilet. Manufacturing leaves because the government makes it too expensive to manufacture here. If you believe we can tax our way to prosperity, your on the wrong website.
I am unwilling to cede one more iota of my liberty to the government. I will do business with those I choose. A liberal - a person who is congenitally unable to keep his nose out of other people's business. If the shoe fits.
A better tool is removing the myriad of taxes and regulations that hinder businesses (and individuals) and keep them from being competitive.
Only after this tool has been implemented should tariffs be employed.
USITC Home > Official Harmonized Tariff Schedule of the United States http://usitc.gov/tata/hts/bychapter/index.htm
A statement that we don’t make anything anymore is just a flat out falsehood. Check the facts. The U.S. is still the world’s leading manufacturer BY FAR!!
The Tariffs enacted in 'the depression' by Smoot–Hawley turned it into the GREAT Depression. They also caused the USA to be the LAST world power to come out of it. All of Europe recovered during the 30's. (Germany was the first, but we knew that)
And if it wasn't for WWII, the GREAT Depression would have lasted longer. As after WWII all those 'busy factories' weren't so busy any more, and most returning GIs couldn't find a job (there wasn't any 'job protection').
The women who still had jobs and were making their own money wanted to keep it. And 4Fs and other older men had jobs they were not about to give up to some Captain who was awarded a medal. As such unemployment again sky rocketed (there was also a severe housing shortage, but that's another matter)
So the effects of a Tariffs Bill enacted in 1930 (and other gubmint price control regulations) had a long lasting effect.
Only when our government decides which companies and industries should receive protection will we have fair trade. The government will certainly offer this protection only to companies needing it and would never do it for political purposes. Unions and other special interests have no influence over what the government does.
If the state knows what's best for us when it comes to trade, why wouldn't it also know what's best for the entire economy? I mean, just think of all the good government could do if we'd simply trust them with the entire economy. Jobs and wealth would be everywhere and there would be no need for entitlement programs. What a world that would be!
Higher prices and greater regulation of business is what we need. The smart people understand that increased costs and greater regulation will spur growth, create jobs, and make our economy the envy of the world. When it comes to trade, conservatives can trust government to do the right thing. Just look at the record......
agreed!! yours is the best post of the day, although you will find many anti-”buy american” types here.
Those who tout free trade forget the fact that people without jobs do not buy anything, no matter how cheap, because they have no money.