Posted on 02/13/2007 7:53:20 AM PST by presidio9
Who has the larger automobile market, Japan or the U.S.?
So those Japanese auto (and truck plants) popping-up like mushrooms here are spontaneously generating themselves? Or is the "company that makes its profits selling in Japan" realizing that it can "make its profits selling the the U.S.?"
A precipitous 30% tariff is ill-advised and dangerous. Smoot-Hawley led to depression and war.
The dollar must be allowed to continue to drop. As it does, import prices will go up and our domestic industries will recover (to a degree).
China, Japan and Korea have no way of preventing it. They will be victims of their own success.
BUMP
And that's bad?
They built too many cars and trucks? Why?
Of course we don't have a nice cushy little protectionist scheme going like the Japanese so we can't offset our losses.
What scheme do they have? Does GM build the cars they like? What about quality? Maybe GM has the same bad (fair or not) reputation there as here?
Those who enact barriers to trade need to live by their own rules period.
I agree we should push others to open their markets like we do.
Why should the US open their markets when there is no reciprocation?
Because we get quality products at good prices. Because that competition causes our own companies to innovate or die.
Same here. But the Dems won anyway.
I am horrified by the one world crowd period.
Who's that? What do they want?
One of the worst pieces of legislation ever enacted. Having said that, it was only one of many factors in the depression and war. And not close to the most important.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.