Indeed. For the life of me, I don't understand why these two issues are never considered or even mentioned by protectionists!
Jesus Christ: You can't impeach Him and He ain't gonna resign.
Posted on 02/07/2017 4:56:55 AM PST by Tolerance Sucks Rocks
“Free” Trade doesn’t mean Fair Trade. Free traders have the same unicorn mentality as the left does about building utopia.
Free Traders are like global warmists. They just “know” they are right....
Some jobs should come back to the USA, and they will be more likely to if taxes are lowered to 15 percent and regulations are cut 75 percent, as Trump has said, and also if tariffs on imported inputs in USA manufacturing are not high.
“There are other ways to have free enterprise.”
Don’t confuse/conflate “free enterprise” with Free Trade.
“Economists are students that couldn’t hack engineering.”
Lol, it’s funny because there’s some truth to it.
Would Make a great tagline.
“The author is committing journalistic malpractice. Luddites are against automation, protectionist are against off shoring. The two things are not related.”
Ding!
Exactly.
I dug a little deeper into this claim that “we’re manufacturing more than ever”.
It seems most of it is oil refining. (4x more than second place “light trucks”).
Correct me if I’m wrong but there hasn’t been a new “oil refinery” built in the USA in about 60 years?
Has oil refining been “robotized” as of late?
Or are the existing refineries, using the same amount of employees (or lower paid immigrants) and just running more crude thru existing machinery?
It really is a misleading statistic and article.
No. But the place has over a billion people, and only about 250 million registered vehicles. The U.S. has something like 260 million in a country of 310+ million people.
I am more inclined to believe your research than his, frankly. You are right. I don’t personally know of any newly built refineries from scratch.
Where did you get those figures? I believe machinery, transportation equipment and chemicals are among the largest commodity groups manufactured in the U.S.
“Where did you get those figures?”
From the link in the article.
Some of those figures can be very misleading, since they use the standard 6-digit commodity codes and the size of an industry's activity can depend on the methodology used to identify the commodity groups. "Petroleum products," for example, seems to be a very large classification including a number of different products, while "light trucks" may be a subset of either transportation equipment or passenger vehicles.
I also find it hard to believe that slaughtered animals are really among the country's top manufactured products. Maybe they're including road kill and all the birds killed by windmills here. LOL.
One of the greatest contributions the US can make to the world is to promote freedom as the key to economic growth. A creative, competitive America is the answer to a changing world, not trade wars that would close doors, create greater barriers, and destroy millions of jobs. We should always remember: Protectionism is destructionism. America's jobs, America's growth, America's future depend on trade--trade that is free, open, and fair.
--Karl Marx, oops my bad . . . Ronald Reagan
Economics bump for later....
Indeed. For the life of me, I don't understand why these two issues are never considered or even mentioned by protectionists!
Jesus Christ: You can't impeach Him and He ain't gonna resign.
Taxation does not lead to prosperity.
Calling people luddites for recognizing our national borders and interests is a Democrat/communist tactic.
“The health and vitality of the U.S. semiconductor industry are essential to America’s future competitiveness. We cannot allow it to be jeopardized by unfair trading practices.”-
Ronald Reagan, right before he slapped a 100% tariff on Japanese electronics.
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