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Robert J. Samuelson: The Last Days Of Free Trade?
Investors Business Daily ^ | September 21, 2016 | ROBERT J. SAMUELSON

Posted on 09/22/2016 3:38:26 AM PDT by expat_panama

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To: 1rudeboy
Hey, now. I’m a manufacturing worker just outside of Detroit, and my paycheck (in large part) is derived from NAFTA (God Bless Ronald Reagan!).
That's a good point from a selfish point of view...

The NAFTA you're living off of is the one proposed by lame duck GHW Bush, signed by Bill Clinton and IS NOT THE NAFTA Reagan proposed...Nice try though.

41 posted on 09/22/2016 8:15:16 AM PDT by lewislynn (Ryan is the other half of the reason Romney got creamed by a negro with a Nobel)
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To: uncitizen
examples of CNN changing words, omitting words, adding words.

imho what's worse is CNN saying that even if maybe Trump never said what they quoted, he still meant it.   Sounds a lot like Dan Rather's idea that even if the evidence is fraudulent the charge is still true.

42 posted on 09/22/2016 8:16:26 AM PDT by expat_panama
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To: Alberta's Child
a U.S. consumer who...   ...doesn't have the same disposable income he had five or ten years ago.

--and that's a good thing.  On average, the U.S. consumer has $4,000 more to spend every year than he did ten years ago (from here).

43 posted on 09/22/2016 8:29:25 AM PDT by expat_panama
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To: Flavious_Maximus
...trade goes only in one direction while Americans get fleeced....

A lot of folks say that but my experience is that Americans are not idiots, we know how to buy and sell stuff w/o whining "hey no fair no fair".

44 posted on 09/22/2016 8:33:36 AM PDT by expat_panama
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To: expat_panama
Why don't you take those numbers and subtract the expenditures a consumer has today that he didn't have ten years ago? The issue here is the income a U.S. consumer has for consumer products and other discretionary purchases. Along those lines, I don't think you'll find too many people who are in better shape today than they were ten years ago. If they were, you wouldn't see all of these shipping lines facing bankruptcy. You have a serious problem when you've got low consumer demand despite record-low shipping rates.
45 posted on 09/22/2016 8:34:30 AM PDT by Alberta's Child ("Sometimes I feel like I've been tied to the whipping post.")
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To: An.American.Expatriate
...jobs and businesses back to America by imposing tariffs...

Increasing my taxes will not make me want to hire more Americans.  What's going to happen is the tax hikes will force me to take money away from payrolls and give it to the government.  Somehow I'd have thought that this really should not be something that needed saying on a conservative forum.

...the unfair advantage china, mexico and others enjoy due to very low wages and next to no environmental protections simply evens the playing field.

For me the market place is for buying and selling and not a feild for playing in, but even if it were we all know that there is never in real life where a playing field is perfectly level.  We deal with it by trading off and deciding whether we want to play or not.   As for business I'm going to choose for myself whether I'm willing to buy or sell stuff and for me it's a lot easier w/o the gov't taking over so certain party faction members can feel more 'protected'.

46 posted on 09/22/2016 8:53:40 AM PDT by expat_panama
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To: expat_panama

Bob buddy, let’s stop calling it “free” trade. We all know that the US subsidizes defense of other countries, damage to the environment is exported to other countries, and other countries use slave and child labor that is illegal in this country. That’s not free.


47 posted on 09/22/2016 8:53:47 AM PDT by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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To: Alberta's Child
doesn't have the same disposable income...

--$4,000 more to spend every year than he did ten years ago (from here).

The issue here is the income a U.S. consumer has for consumer products and other  purchases.

Huh.  I know where the numbers are for 'disposable personal income' are but this U.S. discretionary consumer income is a new one.  We can just say that it's whatever you want it to be, I'm easy.

48 posted on 09/22/2016 9:00:27 AM PDT by expat_panama
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To: impimp
Trump’s trade policies are a disaster...   ... great on everything else.

Maybe, or maybe the thing is that we could separate policy from the sales pitch.  My thinking is that his speeches are the sales pitch because they're laid back and informal, but his actual stated policy is orderly and really not something we'd disagree with.  Pse let me know if you see something I'm missing something here...

49 posted on 09/22/2016 9:23:16 AM PDT by expat_panama
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To: expat_panama

“free trade”??. No its corporations working out deals that even our Representatives can’t see.

We can’t keep giving our jobs to the world and throwing the unemployed onto the care of government. This keeps boosting reliance on government and votes for Democrats.

Look at what you buy, see where it is made. If they can make it then so can we.


50 posted on 09/22/2016 9:29:57 AM PDT by ex-snook (The one true God sent Jesus here to show us the way.)
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To: Alberta's Child

>>1. There’s no reason why the “buying power of our 300M will exceed the buying power of those 2+ billion people in perpetuity. We have many natural and historic advantages over other countries in this regard, but we are becoming increasingly hampered over time as well.

You are precisely correct. Every year of trade imbalances that are paid for with fiat currency lowers the buying power of our 300M and raises the buying power of their 2B. We are literally selling them the rope they will use to hang us...or more correctly, we sold them the technology to make the rope that we will purchase so they can hang us.

When you get into purchasing power parity, the economic power of the middle class American worker vs the middle class Chinese worker gets even worse.


51 posted on 09/22/2016 10:18:18 AM PDT by Bryanw92 (If we had some ham, we could have ham and eggs, if we had some eggs.)
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To: expat_panama

Yes you are missing something. Trump wants fair trade deals. My economics knowledge tells me that BOTH countries benefit the vast majority of the time even if the trade deal is one-sided (or unfair).


52 posted on 09/22/2016 10:31:58 AM PDT by impimp
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To: impimp
even if the trade deal is one-sided (or unfair).

That's not easy to follow. 

A trade is where two people each have different things, and both decide that they'd be better off if they had what the other has even if they gave up what they have.  The only kind of deal I can imagine that would be one way or unfair would have to be something forced, and if so then it wouldn't be a trade deal --it'd just be theft.

53 posted on 09/22/2016 10:41:03 AM PDT by expat_panama
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To: expat_panama

Tarriffs asymmetrically applied is what I am referring to.


54 posted on 09/22/2016 11:25:22 AM PDT by impimp
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To: expat_panama
Increasing my taxes will not make me want to hire more Americans.

Oh, you enjoy enslaving third world peasants and polluting their environment just to make a buck. there is never in real life where a playing field is perfectly level.

that makes your enslavement of the peasants okay then - if you didn't, someone else would I guess.

great arguments you have there for "free" trade - the only "free" about it is the work provided by the slaves.

55 posted on 09/22/2016 12:37:10 PM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: impimp
Tarriffs asymmetrically applied is what I am referring to.

Ah, what we're saying is that w/ cross border commerce the people of both countries benefit even when tariffs imposed by each country's government differs from the other's.  I can live with that.

56 posted on 09/22/2016 1:08:28 PM PDT by expat_panama
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To: lewislynn
I hear that a lot, but no one ever explains how the FTA Reagan enacted with Canada materially is different than the one he proposed and began to negotiate with Mexico.

As for my point of view, I think it's relevant to mention when people start running around claiming that they want to save my job, when the opposite is true.

57 posted on 09/22/2016 1:11:35 PM PDT by 1rudeboy
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To: An.American.Expatriate
Increasing my taxes will not make me want to hire more Americans.

Oh, you enjoy enslaving third world peasants...

This is something about business that I imagine you'll probably never be willing to accept, that my being a bad guy has nothing to do with the fact that my company's cash can not go to payrolls if the government confiscates it for taxes.

Also, from what I understand your position is both widely held and one of deep seated conviction, and changing it w/ the greater public will take a lot of new smarter kids replacing us old stupid f@rts.

58 posted on 09/22/2016 1:18:29 PM PDT by expat_panama
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To: ConservativeMind
Excise taxes are not "bad".

But what they are, are taxes.

They take money out of the pocket of some citizens, under penalty of imprisonment, in order to benefit other citizens.

And they are every bit as susceptible to cronyist manipulation as is our current tax system.

As long as we all keep that in mind, we'll be OK.

59 posted on 09/22/2016 1:41:14 PM PDT by Eric Pode of Croydon
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To: Bryanw92
. I would love to hear real solutions to the problem of maintaining national sovereignty while outsourcing our industry to the “cheap world".

Let's try cutting the corporate income tax by about two-thirds, rolling back the regulatory burden (FTC, EPA, EEOC, OSHA etc) to what it was in about 1975, and ashcanning Obamacare.

If that doesn't start increasing employment in a couple of years, I'll talk about excise taxes. But not before.

60 posted on 09/22/2016 1:50:56 PM PDT by Eric Pode of Croydon
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