If there is no tariff-level or dollar-value that would make you happy, then the problem isn’t tariffs or the dollar, now is it?
Let’s not fall into the trap of all those good folks in the Carolinas waiting for the textile or furniture industries to return.
The businesses gone to China ain’t coming back. It’s time to move on. And the folks who thought there’d always be room for at least one more hardworking blue collar guy to support his family with an honest day’s work were wrong.
Cute. Did you lift that from the Kerry ‘04 campaign? How about just answering my question, if you can.
Well, the aberration was the Fifties - when due to WWII and American economic ascendancy it for the first time in history became possible for a hardworking blue collar guy to achieve a middle class lifestyle. Of course, that possibility quickly became viewed as the norm, and our political class has spent an extraordinary forty-year period trying to borrow tomorrow's prosperity to maintain the illusion. Now that China and India are ascendant and we are on the downslope, something is about to give...
The only way for the US to remain on top is to relax regulation, limit taxation, and encourage immigration (of the world's biggest brains - not more Mexican day laborers). Unfortunately, powerful segments of the political class oppose all three options, and thus we stand exactly where Britain stood a hundred years ago - at the brink of the precipice.