Posted on 05/04/2016 4:57:01 AM PDT by expat_panama
In last weeks foreign policy speech Donald Trump had this to say about jobs:
NAFTA, as an example, has been a total disaster for the U.S. and has emptied our states of our manufacturing and our jobs. Never again. Only the reverse will happen. We will keep our jobs and bring in new ones. Their [sic] will be consequences for companies that leave the U.S. only to exploit it later.
Okay, I get it: you are running for president, Mr. Trump, and I get that you cant say that, of course, NAFTA has hurt some people, because after all capitalism is creative destruction, but on balance NAFTA has benefited...
...Thomas Piketty... ...the stupid point that the return on capital is greater than the growth rate. Of course it is. You can make money on lending money to another guy so he can buy a diamond for his mistress, and it does nothing for growth.
Capitalism is not about accumulating gold coins in a sack by stealing bread from the poor...
...we have... ...popularizers, activists, and politicians that cruelly scratch the wounds of the afflicted. They marinate them in their tribal hatreds, trap them in dependency, tax and their wages and then play the Lady Bountiful giving it back years later, and teach them to hate the culture that has raised them, or will raise their children, out of Malthusian oblivion.
...what made America great was that for a season, the elite lacked the power to keep our jobs against some nobody with a crazy idea to demolish the status quo and surprise the world with an unlooked for invention, a trade-tested betterment, and the result was the Great Enrichment of the last 200 years.
And it really is about time that presidential candidates could dare to tell us that.
(Excerpt) Read more at americanthinker.com ...
I want a president who is not ashamed of the Christians, white people, the USA, the founding fathers of the USA...>[?
I wanted to say “wealth” but that reminded me of “Double Think” from the book “1984”. Liberals have employed that in that they hate rich people, unless they are democrats, then it is OK.
Companies sold to foreign interests:
http://americawakeup.net/
An old prof of mine said, “You have to get them young.”
Old man you don’t make sense. We off shore manufacturing, wealth creation and as a result unemployment continues to rise.
This is hastening the Marxist revolution I assume we all want to avoid. Protectionism is the only way we can preserve our economy and hope to employee our idled millions. If you are too pig headed to understand this simple concept then then just watch and shut up for a while. You are really are a brainwashed gloBULList socialist dupe. A fool. Or a closet communist.
I remember how America had its tail between its legs at the end of Jimmy Carter.
Nothing was going well for us.
Then Ronald Reagan came in to office.
The mookabooking iranians released the hostages in about two minutes and we started feeling good again.
After 8 years of this narcissist a hole i hope good for Trump.
One thing for certain, Trump will know immediately which donors are the benefactors of any legislation coming out of Congress. I do expect Trump to strip clean bare any legislation that straps upon ‘we the peoples’ backs, these political hacks campaign debts.
Even your own article cites that the tariff wars started by this bill was overall bad for the economy and helped contribute to the depression, just not as bad as others believe. Point of fact, no serious article out there states that the rise of tariffs had a net benefit to the American economy. There are many other articles out there that state it had an even more deleterious effect than your article.
http://capitalism.org/free-trade/what-was-the-end-result-of-the-smoot-hawley-tariff-act/
https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/
http://www.economist.com/node/12798595
So I create a corporation in the U.S. that manufactures 8-track tapes and Nehru jackets, I trade it to the Chinese for bars of gold and it'a trade deficit. Pse hold off on telling me why this is bad because I'm busy swapping zero interest Treasuries for Mexican taco sauce ---that's going to make the trade deficit even bigger...
If you read contemporary accounts of the Great Depression you would learn that it was caused by fiscal, banking and stock market crises and to espouse anything else is disingenuous bull sh!t rewrite of history.
Talk about red herrings...
Trump does scare the daylights out of those who both contributed to the sorry state of the union that Trump ran against in the primaries, and because those same people empowered Obama’s EO’s making Trump if president powerful enough to overturn treaties with simple agreements....
We’ll someone as rigid in their thinking and espousing lies what can I say. These are the tactic of a Communist.
NAFTA has been a major disaster. You know illegals who overran California? They were all small farmers in Mexico put out of work when NAFATA was passed so they flooded across the border and destroyed CA. Working class Americans have suffered the former industrial heart of America is now meth filled waste land. If we had to refight WW2 right now we'd lose because wouldn't produce the war materials needed.
Unfortunately, pretty much the entire young generation needs to be taught what Capitalism is, and that it is not a bad thing!
First off it was the new deal that kept the depression going for 12 years. Recessions/Depressions are deflationary periods from debt bubbles and due to the slow pace of the defaults it took forever to end in the US. Germany by contrast went full protectionism and hyper-inflated away their debts and got back to work in a few short years. Secondly thanks to our massive protectionism we had enough industrial capacity to arm the entire world against Hitler. Lots of people credit the Russians for beating the 3ed Reich, but it was American arms, American trucks, and American airplanes that the Russians won with. We've thrown all that industrial power away.
minimum wages
open borders
Christians, white people
Not all that was caused by NAFTA, some of it we need to blame on TPP
The only winner in NAFTA was corporate profit margins.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.