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Rush does a mea culpa on 'free' trade
Rush Limbaugh ^ | 7/26/18 | Central VA

Posted on 07/26/2018 12:27:49 PM PDT by central_va

Sorry for the vanity but Rush did a 180 on trade today and I am proud of him.

Rush confessed he was wrong all of these decades about trade, live on air just a few minutes ago! He also admitted Perot was correct and the the one sided trade the US( and its workers ) have been subjected to was wrong and it was erroneously pawned off as 'free trade'. He said he was duped by economists.

I just listened in amazement committing free trade heresy live. It was a great radio show today! Awesome!

Rush is off my S list. He is big man for doing this.


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events; Your Opinion/Questions
KEYWORDS: babbleon; free; freetrade; limbaugh; nafta; post4; republic; rush; rushlimbaugh; talkradio; trade; trump; trumptrade
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To: Red Steel

Yes, Rush admitted one-sided trade is not really free trade. A little late but we are grateful none the less.


121 posted on 07/26/2018 2:27:43 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: Parmy

Juncker and the E.U. has figured out it is better to protect their markets in the US than fight Trump in making way for more U.S. good sold in Europe. grudgingly China will eventually open their markets. Xi must be seeing the writing on his walls.


122 posted on 07/26/2018 2:29:45 PM PDT by Red Steel
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To: central_va
Rush assuredly is still wrong about the Gold Standard also.

American media, left & right, are conned about basic economics, and are easy to con.

123 posted on 07/26/2018 2:30:07 PM PDT by TheNext
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To: snarkpup

I heard a little of Levin yesterday. He isn’t as sold as yet, but I think he gave some ground.


124 posted on 07/26/2018 2:32:27 PM PDT by Red Steel
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To: snarkpup

“Part of the sea change may involve the rewriting of Hazlitt’s chapter on international trade.”

I agree. It is Hazlitt’s weakest area, and is out of touch with the realities of today’s globalized trade.

American industry was inherently protected by the oceans during Hazlitt’s heyday, before and shortly after WWII. Total imports and exports were just a few percentage points of our total GDP. Now with the huge capacity of container ships and an Interstate highway system to distribute the goods, including industrial scale refrigeration and long haul jet aircraft for perishable goods; it is now physically possible/economical to off-shore essential production.

Capitalism, driven by self interest and competition, is still the best system - but free and fair competition must be assured for it to work. People will always seek to fix the market.

Adam Smith pointed it out centuries ago:

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”

All the more so, when politicians and businessmen around the world explicitly meet to discuss how to grow their country’s economies. They are endlessly clever in devising subtle advantages and barriers against their competitors.


125 posted on 07/26/2018 2:33:22 PM PDT by BeauBo
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To: LongWayHome
"Rush is a sharp guy. He’s more intelligent than he plays on the radio, so I’m happy he’s with us, but not pleased that he did not speak up earlier. But he’s on the right track now."

Rush is where he is only for the purpose of riding herd on the conservative movement. He has to be able to convince enough of us that he is one of us or else he loses his value to the globalists.

Notice how he comes out as a fair trader AFTER President Trump defeats the EU and shows how fair trade is done. There is no longer any need for Rush's influence on free trade after that battle was lost - so now he's a fair trader and his status of a guiding light of conservatism is maintained for future use.
126 posted on 07/26/2018 2:38:52 PM PDT by Garth Tater (What's mine is mine.)
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To: babble-on

“It’s funny he would do that just a day after Trump admitted his trade war was asinine and begged for a truce from the EU.”

what the hell are you talking about? The EU just completely capitulated after only two weeks of tariffs, pledging true fair trade, eliminating THEIR tariffs on everything except automobiles ...


127 posted on 07/26/2018 2:39:46 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: lewislynn

Your post pretty much sums up Limbaugh.

And I’d guess the latter you mentioned, “He’s been knowingly lying carrying the party line” is the most accurate.


128 posted on 07/26/2018 2:40:22 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: babble-on

oops. maybe you meant that as sarcasm ...


129 posted on 07/26/2018 2:40:25 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: central_va

It will only be a mea cupla if he sticks to it and does not go back on it.

I hope Rush stays here.


130 posted on 07/26/2018 2:41:46 PM PDT by Enlightened1
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To: Electric Graffiti

Andrew Wilkow is much better than Rush.


131 posted on 07/26/2018 2:44:37 PM PDT by Extremely Extreme Extremist (GOAT POTUS TRUMP)
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To: Extremely Extreme Extremist

You forgot the ‘/s’ tag. Wilkow has been on frequent pro-fake free trade rants. He’s embarrassing on the ‘free trade’ topic.


132 posted on 07/26/2018 2:48:44 PM PDT by jjotto (Next week, BOOM!, for sure!)
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To: Red Steel

I’m just glad to hear Rush talk about anything other than Russia, Russia, Russia, Russia.


133 posted on 07/26/2018 3:02:29 PM PDT by aimhigh (1 John 3:23)
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To: central_va

I started listening to Rush during the second half of 1991. Soon after that, the NAFTA debate started and Perot announced his candidacy on the Larry King show. I think Rush’s instincts were against NAFTA and he sort of thought aloud about it on the air for a few months.

Then one day he went all in for it, reading what I think was some think tank’s, or some economist’s position paper in favor of NAFTA. I was totally against it from the get go and totally for Perot until he pulled his drop out stunt.

I listen to Rush almost daily, but have never paid much attention to his views on economic matters, especially international trade. Deconstructing liberals and liberalism is his specialty. - Today was a fairly dramatic admission, admitting that the pretend free trade he’s supported for years had been a bad deal for the USA.


134 posted on 07/26/2018 3:09:03 PM PDT by Will88
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To: central_va

Free Trade is like playing Monopoly where everyone else is ‘FREE’ to disregard the rules. It is not surprising then that no matter how good you are you are going to lose.


135 posted on 07/26/2018 3:13:37 PM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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To: Garth Tater

Very astute observation.


136 posted on 07/26/2018 3:21:30 PM PDT by LongWayHome
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To: babble-on

Trumps deal with the EU was exactly what I suspected would happen from the very beginning.

Oh ye of little faith.


137 posted on 07/26/2018 3:28:56 PM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: snarkpup

https://voxday.blogspot.com/2012/07/mailvox-hazlitt-international-trade.html";

This link that you provided does raise many substantial problems (23) with Hazlitt’s trade analysis.

Someone should get it to Mark Levin, for his consideration.

The bottom line is that Hazlitt’s Economics in One Lesson was a primer geared toward a popular audience, whose intent was to promote a certain platform of policies. It was intended to persuade the layman - not as a serious objective analysis.

In many cases in his chapter on trade, Hazlitt uses oversimplifications, or just simple assertions, that are just not objectively supportable, even if they might be rhetorically persuasive. The chapter on trade is the worst by far.

He was a journalist writing for the general public, to push a political agenda.


138 posted on 07/26/2018 3:29:42 PM PDT by BeauBo
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To: babble-on
The voices you hear are not real.

You Trolls are sociopaths.

"The researchers found that trolls scored highly on a number of personality traits examined: 
Machiavellianism, psychopathy, narcissism, extraversion, disagreeableness and sadism. "

It's science.

psychcentral.com

139 posted on 07/26/2018 3:30:07 PM PDT by NoLibZone (If Putin flies to Mexico, crosses the border illegally, he can vote in San Francisco.)
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To: Electric Graffiti
I didn’t know he was still on the air...

Yes you do......

Nothing worse than a thread trolling liar.,....What do you get out of your anti-Rush comments anyway, a hard on? Then what?........LOL!

140 posted on 07/26/2018 3:58:55 PM PDT by Hot Tabasco (I once found a needle in a haystack but it wasn't the one I was looking for...)
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