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To: ilgipper

All I am saying is, currently we have destroyed millions of American jobs, sent those jobs to China, where the factories were re-assembled, and now all of those jobs are in China.

This is not a success story.

America is losing. This is not just about Apple.

We are running a MASSIVE trade deficit with China.

Massive.


18 posted on 07/23/2014 12:12:07 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network; ilgipper
MASSIVE trade deficit

Sounds so ominous..."trade deficit".

I'm not sure many who try to use "trade deficit" as a scare tactic against free trade and for higher tariffs really get what a "trade deficit" is.

Everybody runs their household with a "trade deficit" which simply means you bring in more goods than you send out. Nothing wrong with that.

What about Hong Kong, a tiny little nothing on the edge of a tiny little rocky peninsula? Do they run "trade deficits"? Of course - they have no natural resources. Then why is it a place that creates such wealth? Because government interference with the economy was taken out of the way and the free market economy and free trade did what it does best: create wealth.

The issue is exactly what Reagan said it was: government interference in the free market isn't the solution, it is the problem.

45 posted on 08/02/2014 8:53:05 AM PDT by PapaNew (The grace of God & freedom always win the debate over unjust law & government in the forum of ideas)
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