“I don’t want American Industries to die, I want American industries to be streamlined and competitive in order to survive.”
You cannot “streamline” enough to compete with some actual and extremely common near-slave labor, with governmental subsidies placed for strategic reasons, and with the legal ability to freely pollute with zero environmental rules.
And it is wrong to call the WSJ an “economic paper”. It’s a globalist economic paper owned by Rupert Murdoch who promised he wouldnt move them to the right from their traditonal stance.
WSJ is not pro-American or America first.
“In a 2004 study, Tim Groseclose and Jeff Milyo argue the Journal’s news pages have a pro-liberal bias because they more often quote liberal think tanks. They calculated the ideological attitude of news reports in 20 media outlets by counting the frequency they cited particular think tanks and comparing that to the frequency that legislators cited the same think tanks. They found that the news reporting of The Journal was the most liberal (more liberal than NPR or The New York Times).”
1. I never said I support the WSJ. As an investor, I view it as a business publication and don’t care what their editorials say. I do read WSJ articles posted here like many Freepers... That is not the point, I just was commenting to someone else who does not exercise critical thinking who feels that if WSJ is for it, they are against...I just don’t roll with that logic.
2. We have 12,000 tariffs now—on stuff like sugar? If we have 12,000 already and are initiating tariffs on steel and aluminum, why stop there? Many US jobs are in jeopardy. Why are certain industries protected? As I said, I have had 3 family members have to compete extensively with foreigners—2 of them have lost jobs du to foreign competition.
That said, tariffs are paid by middle-class consumers. Do you chose your cars based on fact that they are made by US company, US workers in US? Do you buy your appliances based on US companies, US workers in US? Many if not most people try to get best price. Automotive industry had to reinvent itself and seems to be doing quite well...Freepers here went nuts when Obama favored GM—too big to fail...What is different here?
I know that much trade is not fair and we need to re-think global economics, trade agreements, making our industries more competitive, but to just slap tariffs on favored industries seems like a shortcut. (Wilbur Ross)
We may disagree, but I appreciate your reasoned reply.