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To: ninenot
Reminder: the USA became the world's most powerful industrial economy PRECISELY by using tariffs

No it didn't and stop repeating those lies.  Those tariffs were in the 1800s when we were a DEVELOPING nation, a third world nation with massive investments coming in from Europe.  Those tariffs also kept us restricted.

When we started to remove them in the 20s our economy boomed even further.

In the 50s when we entered our golden age, who were our competitors?  Europe?  Naaah, bombed out.

Russia?  naah, ditto.  Asia?  Naaah, still recovering from colonialism.

We became the world't most powerful industrial economy by stripping the tariffs and opening up to capitalism -- we became the most competitive by allowing competition and stripping big government and regulations and socialist practises

77 posted on 02/17/2004 7:43:49 AM PST by Cronos (W2K4!)
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To: Cronos
Uhhhh-that's not a lie, you-who-has-no-"about"-page...

By the 1920's, we HAD the world's leading industrial economy DUE TO TARIFFS.

We utilized it quite well after WWI and WWII, yes--and yes, there were no real competitors at the time.

But it IS a LIE to state that the US economy grows due to slave-labor competition from PRC, Mexico, or India.
85 posted on 02/17/2004 7:55:31 AM PST by ninenot (Minister of Membership, TomasTorquemadaGentlemen'sClub)
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