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Republican Shocker: Free Trade's Not So Good After All
CNBC ^ | 10-4-07 | John Harwood

Posted on 10/04/2007 7:07:18 AM PDT by SJackson

I've seen a lot of opinion polling, but my jaw dropped when I saw this result from our special NBC News-Wall Street Journal poll of Republicans in advance of next week's presidential candidate debate sponsored by CNBC, MSNBC and the WSJ. By a nearly two-to-one margin, Republican voters believe free trade is bad for the U.S. economy, a shift in opinion that mirrors Democratic views and suggests trade deals could face high hurdles under a new president.

Six in 10 Republicans in the poll agreed with a statement that free trade has been bad for the U.S. and said they would agree with a Republican candidate who favored tougher regulations to limit foreign imports. That represents a challenge for Republican candidates who generally echo Mr. Bush’s calls for continued trade expansion, and reflects a substantial shift in sentiment from eight years ago.

"It’s a lot harder to sell the free-trade message to Republicans," said Republican pollster Neil Newhouse, who conducts the Journal/NBC poll with Democratic counterpart Peter Hart.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: china; duncanhunter; freetrade; nafta; trade
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To: Toddsterpatriot
Explain the basics of how the deficit is bad for America. How can we have a better economy that Japan which has had a trade surplus for decades?

Still hammering Japan, lunkhead?
Japan which has second highest GDP after America? Japan with 127 million population while we have 300?
Don't worry about Japan, they're doing great without your idiotic "free trade" nostrums. Their mercantilist trade policies work out great for them

Do you own Yen investments? We already know you bet against the US dollar via foreign currencies. Are you a hypocrite on Japan too?

381 posted on 10/05/2007 10:00:43 AM PDT by dennisw (France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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To: dennisw
Japan which has second highest GDP after America?

How can our GDP per capita be higher than Japan's? We have a trade deficit, they have a trade surplus. They're more protectionist than we are. I thought you believed that would make them stronger than us. Why hasn't it happened? Maybe you were wrong?

Don't worry about Japan, they're doing great without your idiotic "free trade" nostrums. Their mercantilist trade policies work out great for them

Our free trade policies work out great for us. Our GDP is even higher than Japan's!!!

Do you own Yen investments?

Yes I do. Does that make you sad? Doesn't your 401K at 7-11 give you a foreign fund choice?

382 posted on 10/05/2007 10:05:47 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot

You invest as you please and good luck to you. Its just that you are a rank hypocrite because your lunkhead “free trade” creed & policies screw the US dollar and your investments benefit from a lower dollar


383 posted on 10/05/2007 10:16:24 AM PDT by dennisw (France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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To: dennisw

Hmmm, I thought I explained things quite nicely in 361. LOL, the world sends ship loads of valuable stuff to the usa and the usa sends boat loads of green papers to the world. Todster thinks this can go on forever, silly boy, Those boat loads of paper find there way back here and buy up usa assets, inflate our economy and devalue our dollar, but that is fine as long as todster is making (or thinks he is making) a profit. Never nind that our children will be the serfs of forgien masters or that the usa will be broke as long as he gets his, everything is AOK. We used to be a lot smarter then that.


384 posted on 10/05/2007 10:20:38 AM PDT by jpsb
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To: dennisw
Its just that you are a rank hypocrite because your lunkhead “free trade” creed & policies screw the US dollar

Please, just once, show how free(r) trade and the trade deficit are bad for America. Please show how their trade surplus is good for Germany and Japan.

385 posted on 10/05/2007 10:22:12 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: jpsb
We used to be a lot smarter then that.

Says the dummy with the unsupported assertions. Or did you know better and you lied about steel?

386 posted on 10/05/2007 10:23:32 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot

Now I’m going to give infant todd a freebie. I invest in gold and crude to protect my family against idiots like him who are in charge of our trade policy. I don’t like betting against the US and the US dollar but do so reluctantly because of endless trade deficits as far as the eye can see and off into the future

I fear a dollar crash from trade deficits. I would work against it if it were within my power but todd would not. My bet is not a happy one but todd is all for a lower dollar because then he profits


387 posted on 10/05/2007 10:25:10 AM PDT by dennisw (France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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To: Toddsterpatriot
"We used to be a lot smarter then that. "

Yes we did, google "usa tariffs" and you will see.

388 posted on 10/05/2007 10:27:11 AM PDT by jpsb
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To: dennisw
I would work against it if it were within my power but todd would not.

You can work against a trade deficit by investing in foreign assets.

My bet is not a happy one but todd is all for a lower dollar because then he profits

I benefit from a higher dollar, I benefit from a lower dollar.

389 posted on 10/05/2007 10:28:18 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: jpsb
Google high quality steel and prove your assertion in post #363.
390 posted on 10/05/2007 10:29:53 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot
I would work against it if it were within my power but todd would not.

You can work against a trade deficit by investing in foreign assets.

Explain that and prove that for me if you would

391 posted on 10/05/2007 10:36:04 AM PDT by dennisw (France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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To: brownsfan

“Free” trade isn’t free and its ruining America.

American workers and companies CAN’T POSSIBLY compete with the slave labor camps subsidized by ratholes like the Red Chinese Government runs.

Finally some people are starting to get it.

If we had “Free” trade in the 1930’s there would have been no plants to build our armaments.


392 posted on 10/05/2007 10:37:42 AM PDT by ZULU (Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
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To: dennisw
Explain that and prove that for me if you would

As soon as you show how the trade deficit is bad for us.

393 posted on 10/05/2007 10:40:31 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: ZULU
American workers and companies CAN’T POSSIBLY compete with the slave labor camps subsidized by ratholes like the Red Chinese Government runs.

That's why we lost the Cold War to the slave labor camps of the USSR.

394 posted on 10/05/2007 10:41:50 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: jpsb
Hmmm, I thought I explained things quite nicely in 361. LOL, the world sends ship loads of valuable stuff to the usa and the usa sends boat loads of green papers to the world. Todster thinks this can go on forever, silly boy, Those boat loads of paper find there way back here and buy up usa assets, inflate our economy and devalue our dollar, but that is fine as long as todster is making (or thinks he is making) a profit. Never nind that our children will be the serfs of forgien masters or that the usa will be broke as long as he gets his, everything is AOK. We used to be a lot smarter then that.

Free traders don't get that when Chinese take their dollar (trade) surplus and buy a cement plant here the profits go back to the Chinese. They really don't care because the magic word "investment" mesmerizes them. They could care less that foreigners are profiting instead of Americans. They forget capitalism 101 which is a capitalist is in business to make a profit. Chinese don't buy US assets because they want to be nice and employ US worker bees. They want to profit

So a cement plant that once generated profits for US owners now throws off profits for foreigners. This is the "capital surplus" in action, that they prattle about and  which they try to substitute for the words "trade deficit"

395 posted on 10/05/2007 10:49:04 AM PDT by dennisw (France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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To: Toddsterpatriot

The Soviet Union wasn’t operating businesses which sold products to Americans at a cheaper rate than they could afford to be produced here. Instead they tried to out- produce us in military technology. If the Soviet Union was producing toys, and other consumer goods instead of military equipment and selling them here for a generation or two, we would be communicating in Russian, not English.

Thanks to our strong INDUSTRIAL BASE in AMERICA, we were able to defeat them. That Industrial Base is on the skids and has gone to Red China to make a handful of capitalists in the U.S. rich> Meanwhile the Red Chinese Military establishment drowing in money thanks to our export dollars - just like the Muslim terrorists are drowning in money thanks to our petrodollars.

We have squandered the work, sacrifice and death of countless American patriots in an orgy of momentary self-gratification.

This isn’t rocket science - its common sense.


396 posted on 10/05/2007 10:49:44 AM PDT by ZULU (Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
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To: SJackson

Yup lots of Republicans out there screaming “I want to pay more for stuff”.


397 posted on 10/05/2007 10:51:31 AM PDT by NeoCaveman (Fred Thompson 2008, no need to "suspend disbelief" with him)
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To: dennisw; 1rudeboy
Free traders don't get that when Chinese take their dollar (trade) surplus and buy a cement plant here the profits go back to the Chinese.

So it's okay when GM buys a plant in China, because the profits come back to America?

398 posted on 10/05/2007 10:52:06 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot

[static]


399 posted on 10/05/2007 10:52:59 AM PDT by 1rudeboy
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To: ZULU
That Industrial Base is on the skids and has gone to Red China to make a handful of capitalists in the U.S. rich

We still manufacture far more in America than any other nation.

400 posted on 10/05/2007 10:53:41 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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