Posted on 09/26/2005 8:31:05 AM PDT by Willie Green
ping
As always, fact free union propaganda. I suppose everything you purcahse is Made in America Willie?
As always, fact free union propaganda.
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Agreed. Let's have more free trade, more prosperity and less unions!
I am sick of the Jesse Jackson mentality that tries to take advantage of the hurricane for everyone's own cause.
"Many of today's problems in the inner city ghetto neighborhoods -- crime, family dissolution, welfare, low levels of social organization, and so on-- are fundamentally a consequence of the disappearance of work."
He has this backwards, the disappearance of work is the result of crime, family dissolution, welfare, low levels of social organization, and so on.
If trade always balances then what is the meaning of being in deep debt? Where 10 credit card companies are after you, you can't pay your home mortgage and your car is going to be repossessed? Is that also balanced and therefor OK?
William Hawkins, who wrote the article, is far from being "pig ignorant" about economics. He is in fact a former professor of economics. Protectionism has always been his mantra.
LOL Good one! They might be buying something from other countries but from us they are buying ownership of companies, panama canals and ownership of treasuries [and building up weaponry]. We have the boiling frog syndrome.
Are you referring to the budget deficit or the trade deficit?
If I buy a CD player from a Japanese company, they get my $50.00 and I get a CD player. How did this transaction create debt for anyone involved?
The first solution: BAN trade with China. That is where the bulk of the trade deficit is from, and it isn't even free trade involved there!
"Protectionism" is a disparaging slur that's employed by Hawkins' critics.
The truth is, Hawkins is merely guilty of advocating trade policies that favor America's national interests first.
We as a nation borrow 740 billion per year (our trade deficit) from foreigners to buy the CD players and other items made overseas. We are in debt to foreigners by roughly 740 billion dollars more each year
If the Japanese used the $50.00 that you gave them to purchase goods from one of our companies, then trade would balance out. However, since they don't do that, we have a trade deficit. Instead, they use the $50.00 you gave them to purchase debt issued by our Treasury to finance the budget deficit. In turn, your taxes then go to the Japanese as interest payments on our national debt instead of being used to pay for operation of our own government.
2 + 2 = 4
and this brilliant repartee means ..... ?
Free trade is great in the One-World-Economy which we may/will get to soon.
BUT ... in the meanwhile, free-trade means communist chinese goods being dumped inside our borders throwing Americans out of jobs - just as ONE example.
Free trade will work when there is a One-World-Economy monetary system and there is EQUALITY of PAY world-wide.
Say good-bye to to your $50/hr labor jobs in the steel belt - the avg in the USA is $12/hr. What do you think those union boyz will say to that?
Imagine when they "equalize" the wages worldwide - it will be done! The socialist/communist dream! "To Each according to their needs, from each according to their abilitites" - the leaders keep all the rest - Nyet?
Let's just assume for the next generation, only the US wages will be equalized. Like I said earlier, what would the steel-belt and bluse-staters think of their wages going down by 3/4? They'll see how the "fly-over country tries to live.
Buy American - the job you WILL save could be your own.
How America compares to the rest of the world monetarily?
The average "POOR" on welfare in the USA "earns" more money than 95% of the world's population. Counting the cars, tvs telephones, a/c, etc etc. - Our POOR are their RICH!
Germany (EU's best economy) last year bragged how their economy raised so much that it had finally surpassed the economy of ......
....... ARKANSAS!
They really did brag about that!
So you want the "free trade" where an article from china that ws made with $.50/hour labor is to compete with the American avg wage?
We had a local DJ here that quit last year - his sign off said it all ---- "Thank God, we live here in Hot Springs, Arkansas!"
When the economy crashes - you can't go lower than Arkansas - we're already there! Have a good trip.
If I pay $50.00 cash for a CD player made in Japan, how does that create debt? The goods we buy from foreign countries are assets. My imported car, which is paid for, is an asset of mine. The dollars we send them to pay for these goods are also assets. We send them dollars, not IOU's. They can use those dollars to buy goods from us or invest them in stocks and bonds or, they can do nothing with them. Nowhere in this equation has any debt been created.
I don't think you understand capital and current account balances.
This site will provide a good overview.
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