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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
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To: chimera
We have to have something for the service industries to service, is the bottom line.
441
posted on
10/05/2007 12:26:57 PM PDT
by
pissant
(Duncan Hunter: Warrior, Statesman, Conservative)
To: grey_whiskers
"
The result was a housing bubble." Your analysis was superb, except for that statement. There is no housing bubble; it's a sham ownership crisis.
These people still need housing. There will always be a housing shortage under the prevailing policies WRT immigration. We cannot ever catch up without a change in policy, and any change in policy has the potential to bring about an extreme disconnect between available jobs and existing skills in the labor force.
Regardless of what course is taken toward the resolution of these problems, we are going to be walking on eggs for a long time.
442
posted on
10/05/2007 12:27:11 PM PDT
by
editor-surveyor
(Turning the general election into a second Democrat primary is not a winning strategy.)
To: pissant
Yep, and people making decent wages to purchase those services. Someone who’s lost their job to outsourcing isn’t going to be all that interested in going to the movies or hiring a lawn service.
443
posted on
10/05/2007 12:29:03 PM PDT
by
chimera
To: Toddsterpatriot
The “So” is, the Chinese government is directly profiting from such an enterprise in some way and my suspicion is the terms of the acquisition are not what we in the western world would consider “normal” for such a “purchase”. Although the
The Red Chinese are out to destroy us economically and militarily. Both are connected. By draining us of our export dollars, they are feeding the military machine they are building to destroy us. By draining us of our jobs and manufacturing facilities, they are negatively impacting our ability to respond to any military aggression on their part.
444
posted on
10/05/2007 12:29:25 PM PDT
by
ZULU
(Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
To: grey_whiskers
When one communicates with satan, one does so with great trepidation! ;o)
445
posted on
10/05/2007 12:30:41 PM PDT
by
editor-surveyor
(Turning the general election into a second Democrat primary is not a winning strategy.)
To: ZULU
446
posted on
10/05/2007 12:37:19 PM PDT
by
editor-surveyor
(Turning the general election into a second Democrat primary is not a winning strategy.)
To: editor-surveyor
These people still need housing.There is indeed a housing bubble, that has burst. New houses were being built in such a way as to exceed all reasonable market potential. Now there are over 5,000 brand new homes in Minnesota vacant because they can't be sold for what the banks are owed.
447
posted on
10/05/2007 12:45:32 PM PDT
by
Paul Ross
(Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
To: Paul Ross
"
because they can't be sold for what the banks are owed" As I stated, not a housing bubble; a sham ownership crisis created by a 'creative' financing scheme.
448
posted on
10/05/2007 12:48:27 PM PDT
by
editor-surveyor
(Turning the general election into a second Democrat primary is not a winning strategy.)
To: chimera
449
posted on
10/05/2007 12:48:38 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: Paul Ross
There is indeed a housing bubble, that has burst. New houses were being built in such a way as to exceed all reasonable market potential. Now there are over 5,000 brand new homes in Minnesota vacant because they can't be sold for what the banks are owed.
In LA so many vacant (walked away from) houses that swimming pools were breeding equine encephalitis. So real estate agents are being enlisted to keep track of these houses with stagnant pools
450
posted on
10/05/2007 12:51:53 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: grey_whiskers
But the banks DID sell the packages of mortgages to a number of foreign banks, especially in Europe, some in Asia; so in a sense the sub-prime problem loans WERE enabled by free trade. I'm supposed to worry about that? Worry that foreign investors have a stake in maintaining our economy in good shape?
The housing market is correcting itself just fine. And the fact that foreign investors depend on us to pay our loans is another in a long list of reasons they won't tolerate terrorism or market meddling, must less tolerate military action that would damage the US.
451
posted on
10/05/2007 1:13:44 PM PDT
by
narby
To: dennisw
Won’t work in this application.
452
posted on
10/05/2007 1:13:48 PM PDT
by
chimera
To: Age of Reason
But the modern economy isunfortunately too large and what it produces too complex, to leave all decisions to the marketplace. No one is speaking of "all" the decisions. But if you think our vaunted representatives in D.C. are qualified to make them, then you're on the wrong website.
To: dennisw
if GM builds one in China they have to take a "connected" Chinese partner and agree to technology transfers. The US does the same thing in the airline industry. We do not allow foreign ownership of US airlines.
454
posted on
10/05/2007 1:21:15 PM PDT
by
narby
To: dennisw
One of the problems with arguing against a protectionist is that he is so intent on proving trade is the root of all evil, he fails to understand the nature of the problem he identifies--thereby not acting to solve it at all
We could mine all the rare earth magnets in the United States we want, but the enviros shut down the mines. Whining about the Chinese won't open them again. Why are you guys so myopic?
To: chimera
Please give more info on the magnets that can only be bought from the Chinese
456
posted on
10/05/2007 1:40:47 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: dennisw
Sorry, can't. Well, I could, but then I'd have to, well, you know...
All I can say is that we're dealing with things that are several cuts above toy magnets. It's not just spacecraft propulsion systems we're talking about. There are some really exotic military applications.
Probably said too much already. Time to zip it.
457
posted on
10/05/2007 1:46:31 PM PDT
by
chimera
To: chimera
Thanks. No problem. Much appreciated
458
posted on
10/05/2007 1:53:48 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: chimera
Thanks. No problem. Much appreciated
459
posted on
10/05/2007 1:53:49 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
To: chimera
Thanks. No problem. Much appreciated
460
posted on
10/05/2007 1:54:18 PM PDT
by
dennisw
(France needs a new kind of immigrant — one who is "selected, not endured" - Nicholas Sarkozy)
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