Posted on 01/29/2014 10:34:53 AM PST by SteelTrap
Proving that neither party really wants to do anything about escalating costs of anything, in typical D.C. compromise action, the House Passes $956B Farm Bill in a bipartisan vote.
Speaker John Boehner (R-Ohio), and Majority Leader Eric Cantor (R-Va.), and Minority Leader Nancy Pelosi (D-Calif.) all voted for the bill.
Democrats are howling over minuscule cuts in SNAP (food stamps). For example, an inane headline on the Daily Koz reads House passes food stamp-slashing farm bill.
Supposedly there will be $8.6 billion in devastating food stamp cuts. Even if that happens it is less than a 1% cut in an economy that is supposedly in recovery.
(Excerpt) Read more at globaleconomicanalysis.blogspot.com ...
Your posts make sense. Unfortunately, some would rather punish American producers with income taxes and reward our enemies in the process.
Right. Because when foreign oil goes up 10%, domestic oil goes up 10% as well.
Taxpayers would have on average $1500 from lowered taxes
Workers would, retirees, not so much.
to pay the increase costs of imports, if they choose to continue buying imports.
And if they only buy domestic goods, which also went up in price, you'll send them your $1500?
If a domestic product exists that currently competes against an import, then conceivably that domestic product could raise it's prices.
LOL!
Silly kulaks.
“Recovery.” Yeah, right. That’s a ten percent cut in the whole food stamp program, BTW. We need a much larger manufacturing base on U.S. soil, and we need to be rid of local-yocal zoning laws against new, small manufacturing shops. Debt-sucking NIMBYs are the problem.
Not necessarily, you see oil prices falling now because prices went up too much and stimulated new exploration and new drilling techniques.
But in your worse case scenario 10% price incrase * 1% (the percent of GNP that oil makes up) = 0.1% general price increase.
Workers would, retirees, not so much.
Again the general price increases would be less than 1.4%. Less than 1.5% including your worse case oil scenario. But then Social Security increases are tied to inflation, so retires would be protected. And the boost to the U.S. economy would result in capital gains in any investments the retirees held. So I think they would fare pretty well.
And if they only buy domestic goods, which also went up in price, you'll send them your $1500?
Don't be stupid. I'm not sending anybody anything. But the government no longer be taking their $1500 through the income tax. So that's a pretty conservative plan. Americans keeping their hard earned dollars. And foreigners having to pay access to our market. That's what the founding fathers did and it worked well for this country.
The free traders have 100 million Americans on food stamps. Y'all are the biggest enablers of big government around.
This country's economy is a lopsided non-productive joke. A lot of the work done here has nothing to do with anything useful and I don't mean just gov't jobs.If we had ditched free trade in the early 1990s we would be doing great. Now we have millions supported by the Federal gov't because we allowed good middle class jobs to migrate over to Asia. Some Americans got very rich on this. Those are the only rich people I don't like. Those rich free traitors. Many of them live in DC where trade lawyers got rich.
Now we will have computerization, automation, robotics decimating many of the remaining decent paying jobs that free trade did not get to kill. Add open borders, making for even more of a labor surplus.....
We're about half imports, half domestic production.
So prices will go up about twice as much as the tariff will bring in.
Again the general price increases would be less than 1.4%. Less than 1.5% including your worse case oil scenario.
You're ignoring every domestic price hike except oil? Why would you do that?
So that's a pretty conservative plan. Americans keeping their hard earned dollars.
Those hard earned dollars first come out of their pocket, to pay the tariff.
The free traders have 100 million Americans on food stamps.
I'm pretty sure the free traders didn't give us the highest in the world corporate tax rates or idiotic regulations, like Obamacare and the EPA, but if you find any who did, be sure to let me know.
Y'all are the biggest enablers of big government around.
I know, with my desire to seal the borders, privatize Social Security, slash taxes and spending, I can see why you'd feel that way.
America had a very libertarian economy before 1913 when we started the income tax. Prior to 1913 the Federal gov't was lean because it was funded only by tariffs plus alcohol and tobacco taxes. Federal gasoline taxes pull in billions these days too. With the income tax the Feds now have the money and power to over regulate and stick their noses in everyone's business.
Tariffs are an honorable form of taxation and can allow income taxes to be reduced.
But it's not too late to reverse it. Unfortunately I don't see either party talking about this yet.
It's going to take someone who is willing to educate the voters. They already see the stores are full of imports. But a lot of them have been conditioned to think tariffs are bad and caused the Great Depression. When neither is true.
But if a candidate manned up to the task, they could swing a lot of votes to the GOP.
Automation is still coming. But it would be better for Americans to own the automated factories, the automation and be employed in the jobs related to automation.
Consumption is feminine
Production is masculine
A nation with pride and intelligence puts production first and consumption second. Free trade destroyed mostly men's jobs making tangible useful items. Japan, Korea, Taiwan and China put jobs and production first. They do their best to keep production on their own soil. To keep their people employed instead of on welfare. We put free trade, consumption and welfare handouts first
Free trade empowers Democrats who make all kinds of promises like ObamaKare to buy votes with your money. The money Todd pays in taxes. Todd is too stupid to connect the dots
I was talking to an Obama voting liberal the other day. We at least found some agreement. We both hate free trade and see how it has wrecked the American economy. This guy is a retired accountant so he knows the world of financial numbers.
***** He also likes Republicans more on foreign policy and admitted Republicans are better for Israel and that the far left hates Israel. I could not convince him that Obama is pro-Muslim and is a semi-Muslim himself
It seems to me that there are a lot of libertarians who have swallowed the so called "Free Trade" pill including Ron Paul.
But I think a lot of libertarians would be very pleased with the results of raising the tariffs and lowering the income tax.
It seems to me that there are a lot of libertarians who have swallowed the so called "Free Trade" pill including Ron Paul.
But I think a lot of libertarians would be very pleased with the results of raising the tariffs and lowering the income tax.
I have posted before that I favor minimal Federal regulation libertarian economics within the 50 states and non-libertarian economic nationalism when it comes to other nations.
Libertarian free traders people want us to be libertarian within the US and also in relation to foreign trading nations. IOW they are one worlders who do not think in nationalistic terms even though they pay Federal US taxes and not to any kind of world organization such as the UN.
Free traitors taxes also pay for a US military which protects this nation and our economic interests to an extent.
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