Posted on 01/10/2006 7:43:06 AM PST by hedgetrimmer
Then please, finally, tell us who's making all the money when $.30 of raw materials becomes a $3.00 box of cereal.
It would also be helpful to know if, IYO, The Heritage report showing that farmers earn more and are worth more than the average American was correct. If not, please provide us with the real average income and net worth for the American farmer and explain how that compares to the national average.
For someone who actually knows something about the business you're sure having a hard time backing up any of your claims.
Well for sure it wasn't the system of our Founders, and which made America a SuperPower, as noted even in Time magazine:
[T]he faces on Mount Rushmore are those of... protectionists...George Washington was a Buy American booster who boasted that he drank only U.S.-brewed ale, and even agrarian free trader Thomas Jefferson came over to that side as President.
Both Abraham Lincoln and Theodore Roosevelt assailed free trade. T.R.'s view: "Pernicious indulgence in the doctrine of free trade seems inevitably to produce fatty degeneration of the moral fiber."
Reviewing this background, historian Alfred E. Eckes Jr. in his 1995 book, Opening America's Market, concludes that the protectionist U.S. grew much faster than free-trade Britain between 1871 and 1913, and that the post-World War II competitive position of the American economy weakened greatly after the 1968-72 period, when a U.S.-led round of sharp tariff cuts went into effect.
Eckes also served as Ronald Reagan's ITC Commissioner in the 80's*, and as unimpeachable witness provides a clear picture of Reagan's views. The Traitors absolutely hate him and his inarguable evidentiary conclusions, hence, it's a must-read for anyone serious about trade:
*About the author
Alfred E. Eckes, Jr., a former chairman and commissioner of the U.S. International Trade Commission, is Ohio Eminent Research Professor in Contemporary History at Ohio University. His books include The United States and the Global Struggle for Minerals.
FYI Ping to above.
An interesting and informative post. Thanks.
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