Posted on 04/03/2007 9:22:51 PM PDT by Kitten Festival
Commerce: An ill wind is blowing through America's stalled trade treaties. New calls for tariffs and misplaced xenophobia are finding a home in the Democrat-led Congress. All that's going to do is make us poorer.
Even respected liberal economists like former Fed Vice Chairman Alan Blinder have started uttering nonsense against free trade, so there's no doubt a bad current of populist thought has taken hold.
In Congress, the blight's the worst. Anti-free-trade Democrats like Charles Schumer of New York and Max Baucus of Montana, and Republicans like South Carolina's Sen. Lindsey Graham, are weighing in with encouraging Smoot-Hawley-like tariffs against China.
(Excerpt) Read more at ibdeditorials.com ...
Look at the bright side, maybe our pets will live longer.
Free trade is fine, but not conscious-free trade.
Free trade with Japan? Sure. Free trade with Britain? Yep. Free trade with Austrailia? No problemo.
Free trade with China? No.
Free trade is fine. I say this without the “buts” that negate everything to the left of the conjunction.
The protectionist ideas of Hoover and Roosevelt do not work. Hopefully we don’t have to live through the 1930s again for this point to be relearned.
Zackly. Too much stupidity on both sides. Mostly, it’s people who are big naysayers but offer nothing better in return.
this trend is very sad, even many on FR are in favor of expanding government to meddle in the trade of free indidividuals.
Your right what is missing is standards and respect for their fellowman, which China has none for its own people so how can they have it for strangers!
Some how we have to have also campaign to awaken the citizens of this nation that the today’s Democrats has no respect for those who vote for them!
It is also time for Republican leaders to be honest and quit white washing the enemy within!
We want more soup kitchens!
Frontpagemag.com has a very good pro-free trade article today. I can’t remember who wrote it, but it is very long and detailed explaining why globalization is making the whole world richer and why infringements on free trade make everyone poorer.
Lets just thicken that soup with a little more wheat gluten.
There's nobody left that remembers the 30s or even the 70s.
The top 20% want free trade, the bottom 20% want no trade, and the muddle wants 'fair' trade.
If we p!ss off the Chinese, we will get skyrocketing inflation (from a depreciated dollar) and skyrocketing interest rates (nobody left to buy our govt bonds).
BUMP
Then maybe the goverment will have to cut spending. That is a good thing.
While the individual and corporation benefits, it is not their 'right' to trade with whomever they want to.
See: Article I, Section 8, Clause 3 of the US Constitution.
There is no expansion of government. Power has been vested in the government since America was formed to regulate trade with foreign nations.
Its clear as a bell. This has nothing to do with individual rights.
The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States
In some cases it is not in our general welfare to trade with certain countries or people.
The general welfare of the country trumps your right to do trade with any foreign company or government.
You are wrong on both accounts.
Nobody left to buy our bonds? HA! Only the other 97% of the market, thats all.
We trade more bonds in a day than China holds all together.
You are failing to recognize that China holds between 3-4% of our total debt.
Democrat congress = tariffs and trade wars = new greater depression. Buy Gold Before they outlaw it again...
Nothing like good and miserable Americans for the Democrats to find opportunity....if not enough are miserable...they’ll make ‘em....
That's an important point. Sure China has a lot of people, 4 or 5 times as many as the US does; but their economic significance is microscopic.
It is hard to determine exactly how much they will require to be done on each of the FTAs with Peru, Columbia, and Panama.
The Whitehouse has acknowledged that it will have to make some changes, but it is not clear whether the dems will accept a side agreement. The dems have never been satisfied with the NAFTA side agreements.
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