Posted on 02/04/2009 2:40:10 PM PST by UCFRoadWarrior
Just about all the major banks are insolvent, bankruptcies are rising, credit card defaults are rising, has anyone mentioned house foreclosures are rising as a percentage and and sheer numbers?
The free trade crowd is amazing, they really believe that folks who are using every bit of brains they go just to make simple widgets are going to become bio tech engineers or rocket scientists...
Obviously, they've never met the great unwashed masses.
Free trade does not promote liberty...but slavery...as does illegal immigration...it’s the new slave trade.
You’re so right.
Anyone who sees the path the US is following now, sees that this is exactly what happens under “free trade”.
Yes, Smoot-Hawley caused a global trade war. That’s a key reason why global trade collapsed. With Smoot-Hawley, rates on dutiable imports increased to their highest levels in over 100 years. Rates increased 50 percent on many items and up to 100% on others. As an average, the Smoot-Hawley tariff doubled the tariffs over those in the Underwood Act (also known as the Tariff Act) which was passed in 1913. Everyone loses in a trade war and Smoot-Hawley provides exceptions proof.
Yes you need jobs at all level of society...or you are going to be paying for a permanent underclass forever...it will lead to social unrest.
Hedgtrimmers = Thursday.
Because I said so.
That's just an ignorant comment -- on so many levels.
Free trade has destroyed most American business...
Where's the evidence? More people are in the U.S. labor force today (well, before our downturn) than at any other time in U.S. history. More ignorance on your part.
I don’t want their slips of paper. I want their products out of my country or I want a tariff until such times as they agree to take our products.
Spoken like a true tyrant. Tell me, if you want this, then I'm guessing it should apply to everyone and become passed legislation, right?
If this free trade system was so good, we would not be bankrupt.
We don't have free trade...we've already agreed on that, didn't we [or was that someone else?]. And who is this "we" who is bankrupt? The only reason why we might be so-called bankrupt is because the government -- the government you place so much trust in to do the correct thing -- has writen checks that its ass cannot cash. You want to place even more trust in the government. I'm telling you that you may have a common-sense deficiency here.
You are absolutely correct. Milton Friedman admitted as much.
Freedom equals slavery. More government equals more liberty. That’s what you trying to argue here. Whatever; we’re going nowhere and fast.
It is insane to do this...allow our potential enemies to manufacture our military goods...many on this board cried out against the transference of military secrets to China which occurred under Clinton. Yet, they are strangely indifferent to the national security implications of allowing possibly adversarial countries to manufacture our military goods.
Reagan was mistaken.
I couldn't believe how stupid McCain is- when he mentioned "those jobs aren't coming back" to a crowd of unemployed people in Michigan of all places. Then I remembered he graduated 3 from the bottom in his Naval Academy Class.
Man, the great depression did not end until 1943 and only because of the war. What history books are you reading?
Here you go:
Caterpillar Inc. Vice President Dan M. Murphy stated that the bankruptcy rate of the suppliers of fabricated steel products to Caterpillar has risen by 22 percent over the last 18 months.[4] Many of these supplying firms are small family owned firms who operate in very competitive markets. As �price takers� these firms have very little if any control over the prices they pay for production resources, nor do they have any control over the price they charge their customers. As the tariffs drive the price of steel higher, and with no control over their own prices, the profitability of these firms is reduced, putting them in a very uncompetitive position.
Mr. James M. Jones Vice President of Dixie Industrial Finishing Co. testified that his company�s profitability depends upon the health of the steel consuming industries. The negative impact of the tariffs on this industry has meant that Mr. Jones�s industry is in the worst slump in 40 years.[5] The metal finishing industry employs more than 100,000 workers nation wide. As the firms in this industry face losses, jobs are lost.
Jennifer Johns Friel of Mid-West Fabricating Co., a 58 year old family owned business headquartered in Amanda, Ohio, testified that the disruption in steel supplies that the section 201 tariffs created will cause her small firm to lose five million dollars for the each of the next eight years. The firm lost an important customer who switched to a Canadian supplier.[6]
William E. Baskin, president of the precision Metalforming Association, testified that �Steel tariffs have had a devastating impact on a large segment of the metalforming industry and other steel consuming companies �. costing thousands of jobs and jeopardizing the existence of hundreds if not thousands of small and medium sized manufacturers.� He further stated that a January 2003 survey of member companies revealed that �68 percent of companies had lost work to foreign competitors in the past year."[7]
Indeed, the empirical evidence fully supports the above testimony. In a study done for the Consuming Industries Trade Action Coalition, economists Joseph Fran�ois and Laura Baughman calculate that there were 200,000 lost jobs in the U.S in 2002 due to higher steel prices and that the lost jobs amount to nearly $4 billion in lost wages from February to November 2002. The 200,000 lost jobs are higher than the entire number of people employed in the steel producing industry. Their model estimated a loss of over 10,000 jobs in Ohio.[8] Other empirical studies support their conclusions.[9]
http://www.buckeyeinstitute.org/article/186
Properly regulated trade will help all nations...Do you know that Chinese children were buried alive a while back when they failed to make their quota’s?...China uses child labor and slave labor... the illegals in this country are treated as slaves. In Georgia, when my house was being built, the contractor didn’t pay some of the Mexican guys...and advised them to contact the INS if they objected....slavery by any other name. How about the domestics in upper crust Democrat households...many are illegal all are basically slaves.
Show me where dumping works over the course of a decade or two to drive out local manufacturers, capture the market for a foreign manufacturer who is then able to defend against the next dumper.
I’m open to persuasion, I just don’t have any historic example at hand. Awaiting your enlightenment....
Hey, I don’t know what you union guys are getting so excited about. I just heard that 300,000 of the jobs that are included in the “shovel ready” projects are slated to go to illegal aliens.
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