Posted on 11/23/2013 7:25:46 AM PST by IbJensen
You’re saying, “Accept reality”. Americans have been avoiding reality for so long they wouldn’t recognize it if she kicked them in the head.
We are liquidating our country to live on cheap imports. Raising the tariffs would cause factories in the U.S. to spring back to life. Purchasing power would be hurt initially, but as 23% of the nation goes back to work, we'd have a lot more purchasing power and total wealth. Gov't revenues would rise due to the increased employment, even as outlays fell because of fewer people on safety net programs. So our national debt and budget problems would be reduced.
At Sunday's opening day of the Dubai Air Show, GE Aviation received $26 billion (USD list price) in jet engine orders and services agreements for wide-body Boeing aircraft from three leading airlines in the Middle East.
Boeing aircraft order was for $40 billion.
There is still a lot of manufacturing in the USA, just not of the low tech junk at Wal-Mart.
In fact our greatest shortages are CNC operators and welders in the USA.
Most Americans have zero clue what is going on in manufacturing as most "journalists" have zero clue on anything except their socialist/communist "causes".
The massive tax and regulatory burden is used by OUR government to control US people. When people start going hungry they’ll revolt or they’ll die. Either way it will be good for the nation.
That may be, but look at our national finances.
We are now 17 trillion in debt.
That is RAPIDLY getting worse. America needs more than trade. We need BALANCED trade.
We need to export as much as we import. Somewhere in the last few presidencies someone made a decision that the amount of exports didn’t matter as long as we kept some of the most important jobs here in America.
That is wrong.
What America needs is not only critical jobs. but America needs enough jobs to grow.
That is the part we are not doing. America stopped growing an entire generation ago.
Sure we need defense. Don’t get me wrong, we need to protect and grow defense.
But we also need to protect and grow other jobs, or defense will eventually collapse.
America needs ALL jobs.
Not only defense.
I hear they are going to stockpile a competing currency that is backed by a much more stable institution than the FED.
Raising import tariffs by 10% would not raise the cost of everything in America by 10%. Imports currently amount to 16% of our GNP. So we are talking about 1.6% increase max. ( 10% tariff x 16% import/GNP = 1.6% increase.
However, it would be less than that. Some foreign firms would choose to eat the tariff and take reduced profits rather than lose market share. If they do that there will be no price rise; however it won’t help our industry, but it will still raise money for the government.
In some cases American producers will start producing and will produce products for less than the tariffed import cost. Remember there will still be competition to keep prices down as long as there are more than one American producer.
So I’d estimate a 10% tariff results in a 1.0% increase in the general price level. But to put 23% of Americans back to work, and restore American industry, that seems a reasonable price to pay.
The MSM’s too stupid to know that China is our enemy.
China wants to destroy our economy. Obama wants to destroy our economy.
Unfortunately most of our politicians don't have any either. Until there is a popular outcry, they won't have the courage to educate people on the issue and lead.
I’m increasingly worried that our own companies, are also too stupid to realize the very same idea.
Look at the huge majority of stuff, sold in any store you shop in.
I’m completely serious.
“Made in China”. Look. Aisle after aisle of stuff, all of it “Made in China”.
We need to make stuff.
Right here.
But “Unions” are such a wonderful boogeyman.
Practically every disagreement I get into on FR, someone brings up the Unions.
It’s true making American industry stronger will probably help the unions. I think some of these free traders would love to see American industry completely destroyed just to hurt the unions.
It’s weird, they view the unions as communist, so they’re willing to sign over all of our industry to communist China to teach those unions a lesson.
When a ‘cheap’ shirt from China costs $600 we’ll start making shirts here again. Of course like all third world countries ( which is where Obama, China and dems are taking us) those shirts will be sold in countries that can afford America’s cheap labor. It’s not just our kids and grandkids who will suffer for liberals destroying the nation’s wealth... it’ll be us too.
Pat Buchanan warned up way back in the early 1990’s. He was and is always against the American version of free trade. No one listened to him and others on Free Trade and immigration. They thought it was big joke. So now we have the crashed country we have to today that elects anti-American idiots like Barak Obama, with the phony crashed economy kept alive on Federal Reserve fiat money. With all these jobless university graduates
At least I lived when America was a real nation with a real economy and real morals. No abortion for most of it
Agreed. I believe the unions take a lot blame for shipping jobs overseas. Also environmental and labor regulations are becoming more and more burdensome.
I believe we’ve hit an important peg, which not a lot of people yet understand:
China now exports more, than America.
Let me repeat that, for everyone. China now is the world’s largest manufacturing output nation. And this situation is rapidly growing worse.
Sure I was all for sending American industry to China at first, because China needed to present a balance with Russia, but frankly now China has grown large enough we need to bring American industry back to America.
Now.
Bring back American industry. All kinds of American industry.
America businesses as well, start to think about your own decisions.
China matters a great deal. When you do business in China you are giving away what you make.
Sure you make money, but you are ceding all rights for all eternity, for everything you make there.
Bring back American industry.
I’m sorry but I think raising taxes, even in the form of tariffs, should be step 23 in fixing our country, not step 1. Taming our out of control government must come way before we commit economic suicide by starting a trade war.
the Chinese have not been buying US debt for over a year now. Their announcement just made it official.
You would think that without the chinese stepping in to buy US debt—the dollar would be falling precipitously—and gold would be rising. Neither are happening. Rather the dollar has been tracking pretty much sideways in the last year. (and also roughly sideways for the last decade.) http://on.mktw.net/1cekhX9
Gold has been falling.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart
What’s going on?
The Chinese move would be disastrous for the USA if it were not for the shrinking US trade and federal government budget deficits.
Consider the federal deficit.
Here’s what the OMB said in October:
“The Office of Management and Budget and the Department of the Treasury today released the fiscal year (FY) 2013 budget results, which show that we are continuing to make significant progress in reducing the deficit. The final 2013 deficit was $680 billion, $409 billion less than the 2012 deficit.”
If over the next two years, the federal deficit shrinks this fast—the feds will be in surplus in 2015. Even if the pace of federal deficit shrinkage slows down—the federal deficit is rapidly returning to normal ranges.
But its not likely the budget deficit shinking is going to slow down by much, thanks to oil/natural gas and the fracking revolution....
But as well thank to the oil/gas patch fracking—the trade deficit has been falling since 2011.
http://www.mining.com/a-closer-look-at-the-us-trade-deficit-26143/
Oil and gas put upward pressure on the dollar. The fed’s QE’s put downward pressure on the dollar (except that most of the QE’s wind up in the stock market making the rich richer and increasing federal revenues by $100 billion or so.
For those of you with a historical view—what’s happening now is basically the same thing as happened in the late 90’s. During that period the stock market juiced the revenues to the federal goverment while the pubbies under Newt kept the federal government from increasing its spending. The result was that the budget balanced. Clinton got the credit while Newt got dumped on..
What’s right now in the cards is that Obama’s legacy—like Clintons— will be that he balanced the budget (despite his best efforts to break it)
the Chinese have not been buying US debt for over a year now. Their announcement just made it official.
You would think that without the chinese stepping in to buy US debt—the dollar would be falling precipitously—and gold would be rising. Neither are happening. Rather the dollar has been tracking pretty much sideways in the last year. (and also roughly sideways for the last decade.) http://on.mktw.net/1cekhX9
Gold has been falling.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart
What’s going on?
The Chinese move would be disastrous for the USA if it were not for the shrinking US trade and federal government budget deficits.
Consider the federal deficit.
Here’s what the OMB said in October:
“The Office of Management and Budget and the Department of the Treasury today released the fiscal year (FY) 2013 budget results, which show that we are continuing to make significant progress in reducing the deficit. The final 2013 deficit was $680 billion, $409 billion less than the 2012 deficit.”
If over the next two years, the federal deficit shrinks this fast—the feds will be in surplus in 2015. Even if the pace of federal deficit shrinkage slows down—the federal deficit is rapidly returning to normal ranges.
But its not likely the budget deficit shinking is going to slow down by much, thanks to oil/natural gas and the fracking revolution....
But as well thank to the oil/gas patch fracking—the trade deficit has been falling since 2011.
http://www.mining.com/a-closer-look-at-the-us-trade-deficit-26143/
Oil and gas put upward pressure on the dollar. The fed’s QE’s put downward pressure on the dollar (except that most of the QE’s wind up in the stock market making the rich richer and increasing federal revenues by $100 billion or so.
For those of you with a historical view—what’s happening now is basically the same thing as happened in the late 90’s. During that period the stock market juiced the revenues to the federal goverment while the pubbies under Newt kept the federal government from increasing its spending. The result was that the budget balanced. Clinton got the credit while Newt got dumped on..
What’s right now in the cards is that Obama’s legacy—like Clintons— will be that he balanced the budget (despite his best efforts to break it)
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