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To: DannyTN
"All we really got is a complete lack of any correlation that tariff protection helps employment,"

Your charts don't really show that.

If you want we can crank out a quantified strength of correlation with an online regression analysis (applet here), but we'd first have to agree which data represent tariff protection and which equal employment.  Not a problem; you said-- "...GDP improvements have been sloping down and Unemployment has been sloping up since about 1950. I think that has more to do with trade policy..." --so either you've got supporting numbers we can both accept or you've just got an unproven 'feeling'.

"Tariffs are obviously taxes with no proven benefit."  

Ha! Our founding fathers didn't think so

Sure they did.  Check out the total repudiation of protectionism in all forms with this link to Tariff Policy published in 1779 by America's Founding Fathers Publishing Trust.  OK, I lied.  Seriously, we both know there were many founding fathers, some liked things like slavery and protectionism and others preferred freedom.  The bottom line is when they all sat down to vote, they agreed to send John Adams to Holland to set up America's first embassy to borrow money and work out an international trade agreement.

126 posted on 06/25/2013 3:18:06 PM PDT by expat_panama
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To: expat_panama
I wouldn't say you could prove it by that one graph. But neither would I call it an unproven feeling. That's feeling is backed up everytime I walk through Walmart and realize how much we are paying Chinese to do stuff that unemployed Americans could be doing.

Suppose you have 4 sons and three of them pay their own way, but one just got downsized and doesn’t have a job. You hire your lawn mowed at $30 a week. Your son needs $40 in gas money a week to go to school. You’re committed to providing him gas money if he can’t earn it himself.

Do you hire your son to mow the lawn for $40 a week? Or do you continue to hire it out at $30?

Most would say make him mow the lawn. You’d save the $30. And would only be out $10 a week when you would have been out a full $40.

Buying imports during periods of unemployment are just like that. We’re paying $40/week to unemployed Americans so that we can continue to buy the cheaper goods from China for just $30/week. It doesn’t’ make good sense. (numbers are for illustrative purposes only and not real world.)

127 posted on 06/25/2013 3:26:08 PM PDT by DannyTN
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