Simplistic analysis short on facts long on generalizations. We are part of international agreements like GATT and the WTO. Any unilateral move to erect trade barriers that contravene these agreements will result in reciprocal barriers being erected against us. It is counterproductive as history teaches us, e.g., Hawley-Smoot.
Not true...as other countries have erected barriers against us...we can do the same...maybe a VAT tax like the Japanese have...Japanese companies are exempt...but American companies pay the full tax...we can erect the same kind of barriers they use against us...F the WTO. We should never have got involved with them...bastion of America haters. We must do something to end this recession/depression....housing and the bankers new toys...credit default swaps and wild derivatives won’t help. Manufacturing has pulled us out of the depression...no more bubbles. Lets actually have real value-not the trumped up paper profits the well payed bankers have given us.