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To: Toddsterpatriot
The Overseas Investment Act makes low interest loans to companies going overseas as well as guaranteeing their investment if the foreign countries nationalize them or they are destroyed in war. This isn't a subsidy? Try moving a business over into the next county and see how much subsidy you receive but move it overseas and you are in hog heaven. There is a big difference in free trade and fair trade.

Fair trade would set tariffs equal to the cost of our regulations and enviromental laws or fair trade would eliminate all our regulations equal to the regulations in Botswana. Then we would see fair trade. Until then, we are seeing unfair trade promoted and subsidized by our government.

Maybe you free traders want to see the same condition here as in the the third world. If you do that is exactly where you are headed in this race to the bottom our government is promoting. Personally I prefer carpet instead of mud floors and clean drinking water that looks clear.

158 posted on 06/27/2003 2:02:20 PM PDT by meenie
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To: meenie
The Overseas Investment Act makes low interest loans to companies going overseas

Thanks for the info. OK, ready? Whatever we spend on this is too much. Surprised?

Fair trade would set tariffs equal to the cost of our regulations and enviromental laws or fair trade would eliminate all our regulations equal to the regulations in Botswana.

Or, we could reduce our taxes and regulations to the point where our greater productivity would make manufacturing here more profitable without raising the cost of our goods to our consumers.

169 posted on 06/27/2003 2:13:27 PM PDT by Toddsterpatriot
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To: meenie
"Fair trade would set tariffs equal to the cost of our regulations and enviromental laws or fair trade would eliminate all our regulations equal to the regulations in Botswana. Then we would see fair trade. Until then, we are seeing unfair trade promoted and subsidized by our government. "

Well stated and beyond those whose speciality is name-calling to attract attention (Marxist, Socialist, Buchananite, etc).

The American business horse is handicapped with the costs imposed by government. Unless those costs are removed (not likely) then add this government cost handicap to imports (tariffs).

187 posted on 06/27/2003 2:46:45 PM PDT by ex-snook (So just who recovers in a 'jobless' recovery?)
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