To: oceanview
yes, and we don't want america to enter that hole that you correctly point out, europe is in. keeping a strong private sector middle class job/wage base is the only way to do that.
Yes. And we've found that protectionism and tariffs contribute massively to those problems. The Great Depression has lessons there.
30 posted on
11/06/2004 4:00:06 PM PST by
gcruse
(http://gcruse.typepad.com/)
To: gcruse
the US auto industry is protected by both tariffs (light trucks) and import quotas. foreign manufacturers are building plants all over the US, hiring americans.
To: gcruse
And we've found that protectionism and tariffs contribute massively to those problems. The Great Depression has lessons there.Smoot-Hawley's impact on the Great Depression is about the same magnitude that cow farts have on the ozone hole.
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