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.
I don't think you understand what a VAT tax is. Moreover, it is not only the Japanese who have such a tax, it is also the EU countries. It is placed on all goods and services domestically. In many cases, tourists can get their VAT taxes repayed. A US VAT tax would affect all Americans.
F the WTO
Yeah, right. Obama is going to pull us out of the WTO. Get real.
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.
Once you start on protectionism, the US will lose in so many ways, including the consumers who will have to pay much higher prices for goods and services.