If trade surpluses were good then why was the big one during the 30's so bad?
Let's face it: tariffs are taxes and taxes take money from us and make us poorer. Higher tariffs are bad.
Posted on 09/15/2008 1:16:57 PM PDT by illiac
You nailed it.
We need governments; they're one the highest realms of human activity, right up there with religion and raising kids. Market places need a secure environment that only governments can provide and our debate should not be whether we need government control but rather what kind of control.
If trade surpluses were good then why was the big one during the 30's so bad?
Let's face it: tariffs are taxes and taxes take money from us and make us poorer. Higher tariffs are bad.
Thanks. I was not aware of the quid pro quo, only the rush to cater financially to illegals.
CNBC now reporting that attempts to have private sector provide bridge loan funds to AIG are dead.
There’s only two options left - government intervention or bankruptcy.
McCain’s economic advisor, former senator Phil Gramm, then USB bank of switzerland paid lobbyist was also the co-chair of the committee that rewrote the banking legislation that created this financial meltdown in 1999.
Both parties are corrupt, and both parties show the corrupt corporatist fascist relationships that are becoming the downfall of America.
Must be the differences in what we want.
My idea is that I don't want to finance bigger government every time I shop for coffee and bananas. Other people want families getting less food and more government. You can decide that taxes are better than food and I can prefer food over taxes and there's nothing either of us can ever say that could possibly convince the other.
It's been fun; cheers!
Hmmm. AIG's a DOW component, and the DOW is up right now.
How interesting that AIG is next.
The claim is that Treasury Secretary Henry Paulson, then chairman of Goldman Sachs illegally manipulated the price of AIG to keep it afloat, and used AIG to purchase the Dubai Ports World holdings in the US when Americans learned that they were purchasing control of US port security. Now Goldman Sachs is walking away. Many many Americans have their retirment plans in AIG annuities. Why do you suppose the government/goldman sachs/jp morgan corportist fascist consortium is doing this?
Yo hedgetrimmer—I agree. Thanks for reminding me about Phil Gramm. Both parties are at fault with regard to just about every thing that is wrong in our country today. However, the only party that wants to foist communism on us is the Dem Party. And the only party that was actively blocking our achieving energy independence is the same party.
I did not intend to vote for McCain. I was, and still am, fed up with the RNC argument that it’s better to vote pubbie, any pubbie, than let the dems win. If you’re a conservative person the result has only been the appearance of ever more liberal pubbie candidates. I think many people like me concluded that unless we withheld our money and our vote nothing would ever change. McCain’s picking Palin, a conservative, is the result. Also saw Romney take a decided turn to the right at convention so it I think the conservative hold out was effective.
IMO same thing applies to Wall Street and mortgage debacle. If bad behavior is penalized it will be corrected.
LOL, you just said free markets need government.
US citizens need constitutional government. Tariffs are constitutional, corporatist fascism called “free trade” isn’t.
You can’t get domestically grown coffee and bananas in Panama? You shouldn’t be paying tariffs on those, LOL!
As long as any candidate, democrat or republican, has the support of the corporatists, your vote will never change the country for the better. We’re getting into the lesser of two evils discussion again (a losing proposition IMO), and which is more evil, communism or fascism? I say both are evil and Americans should not be made to choose one or the other over a free constitutional government. The Founders would never have reduced the options to two non-choices. They fought for and WON freedom. It is up to us to preserve that legacy, not try to decide if we should pick communism or fascism.
Wow, that's amazing! By any chance you have a link on that?
Tariffs are not good for the domestic American economy. They're good for companies that have the political muscle to get themselves protected from international competition. But all they really do for the average American is force them to buy goods from less efficient companies at a higher price.
"Protecting" the American economy only leads to complacency and inefficiency on the part of American indudstries. That is not a good thing for our economy.
Thanks, sounds like the FDIC insuring commercial banks, but they don't say. Do you have anything on the US government pumping 70 billion into the Dow?
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