Posted on 09/11/2009 7:17:37 PM PDT by Orange1998
President Barack Obama on Friday slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home.
Obama had until Sept. 17 -- next week -- to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. A powerful union, United Steelworkers, blames the increase for the loss of thousands of American jobs.
(Excerpt) Read more at finance.yahoo.com ...
Is a tire industry job a "green job," anyway?
Good move. Level the playing field. Put the same costs on foreign manufacturers that are mandated for America manufacturers. If American companies have to pay extra environmental, health care, taxes and regulatory costs then put the same dollar load on foreign companies. It’s like States do on equalize sales taxes with compensating use taxes.
no....
this is only a continuation, of the "De-Industrialization /
demonetization" of America...
OTOH...all (American) Petroleum products are EVILLLL...
In my bookshelf I have some american books from 1990:s about the `squeeze of the middle class´. Some days ago I saw a video, at the reason.tv channel on youtube, about how rich the middle class in america really is.
Here is the video
http://www.youtube.com/watch?v=GvvuHREm5jg
This is really another discussion but I am not sure that free trade drives GDP growth.
Like a comment stated under the video, all the middle class toys are owned by someone else, the banks.
I am for free trade without regulation and tariffs, I am for free movement over borders (worker and goods), but on which terms do growth take place?
One can not build an economy on promises to produce in the future.
You can see all sorts of numbers but the bottom line is that if we had exported our production capability to Japan, Germany and China we would have been up the creek to win WW II.
Free trade for me is goods for goods, not goods for debt.
You can see all sorts of numbers but the bottom line is that if we had exported our production capabilityNon sequitur; conflation of exports of product with off-shoring of production: Not the same thing.
lol, good one
"You can see all sorts of numbers but the bottom line is that if we had exported our production capability to Japan, Germany and China we would have been up the creek to win WW II."
Doesn’t change conflating off-shoring of production with export of produced goods (literally: exports. There is a difference - no?)
Then you don’t know? Tell me what part of Lenin’s “New Economic Program” you find in China today.
A couple things first -
Your chart is highly compressed in and about the years in contest (Great Depression);
This can lead the drawing of the wrong assumptions when considering the legislation/acts of congress (and government in general) year by year.
For instance, the big DIP in GDP bottomed out in 1933 - htis is HARDLY visible on your chart!
Presenting data in this format essentially wipes out one’s ability to perform any meaningful analysis on the going by the fine-grained details of the day ... maybe that’s what the US Dept. of Commerce (souce of your charts?) would like ...
Sorry I don't see difference between off-shoring production with export of produced goods. If we off-shore we don't have goods to export. The current 'don't make sell-only' economic model has come up short. We have to make more of what we consume. More shopping centers, does not a good economy make.
Let's see if our friend the <PRE> tag will yield some tabular data:
GOVERN CON MENT SUMP INVEST PUR EXPO IMPO NET YEAR GDP TION MENT CHASES RTS RTS EXPORTS ---- ----- ----- ---- ----- ---- ---- ----- 1929 790.9 593.9 92.4 105.4 35.6 46.3 -10.7 1930 719.7 562.1 59.8 116.2 29.4 40.3 -10.9 1931 674.0 544.9 37.6 121.2 24.4 35.2 -10.8 1932 584.3 496.1 9.9 117.1 19.1 29.2 -10.1 1933 577.3 484.8 16.4 112.8 19.2 30.4 -11.2 1934 641.1 519.0 31.5 127.3 21.4 31.1 -9.7 1935 698.4 550.9 58.0 131.3 22.6 40.7 -18.1 1936 790.0 606.9 75.5 152.5 23.7 40.2 -16.5 1937 831.5 629.7 94.0 147.0 29.9 45.3 -15.4 1938 801.2 619.5 61.3 157.8 29.6 35.2 -5.6 1939 866.5 654.0 79.5 171.8 31.2 36.9 -5.7 1940 941.2 688.0 111.3 174.2 35.4 37.8 -2.4 1941 1101.8 737.1 137.3 288.0 36.4 46.5 -10.1 1942 1308.9 719.7 72.1 692.0 23.9 42.2 -18.3
Sorry I don't see difference between off-shoring production with export of produced goodsI was getting that impression.
Have a good day.
My understanding of macroeconomics makes me hesitant to agree with you. But the Patriot in me wholeheartedly agrees with you....I have to go with my love of country on this one, BUY AMERICAN! I guess Obama can, from time to time, squeak out some patriot actions even though it was but a byproduct of his allegiance with the unions.
You forgot that we have a fiat currency. We technically don’t need to borrow from anyone. Find out how much currency we actually borrow from other countries to finance out debt, you may be surprised...it’s not 100% And with interest rates smashed against the zero bound, if you utter the words inflation you get intellectually slapped in the forehead.
Thanks a few more tariffs on imported goods will make it even better.
Truly: "Those who do not remember histiry are doomed to repeat it." - George Santayana
You are a living example!
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