Your posts have been spot on. Unfortunately, too many on here are just so ate-up over Free Trade with Communist China.
Chairman Mao must be dancing in hell with all the support he is getting in the US.
Yes, the US is the only nation with a true open market. Most nations have tariffs and/or non-trade barriers on US goods. The Euros use VAT rebates to make it harder for US products to compete with their own products, and the Communist Chinese artificially float their currency to keep US goods artifically high price (and artificially lowering Chinese goods). Both the Euros and the ChiComs also heavily subsidize their industries and agriculture to keep their products low priced for import.
Of course, you have the GlobalBots yapping about Smoot-Hawley. The Smoot-Hawley Myth is probably one of the most ignorant of all economic explanations...and borders on the Protocols of the Elders of Zion for outright fraud. The Smoot-Hawley Myth has gained traction because we are now undergoing an economic recession/depression during the era of Liberal Free Trade. They cannot justify how Free Trade “works”....so find another target
Smoot-Hawley did not cause the Great Depression....nor even added to it. In most years when Smoot-Hawley was in effect, the US GDP rose...not dropped. Also, even if there was no Smoot-Hawley, the US had no one to trade with. Europe was an economic basket-case after WW I....and the only possible trading partners were Militaristic Japan and Stalin’s Soviet Union. But, hey, the Free Traders probably would have loved trading with Stalin as much as they do Mao’s children and grandchildren.
And, the US trade deficit makes Third World countries laugh with hysteria. Over the years, our trade deficit has been TRILLIONS of dollars.....TRILLIONS to Communist China, alone. And, there are people stupid enough to believe that trade deficits are good! If trade deficits were the case....Africa would be the economic ginat of the world.
A trade deficit means that more wealth and money is leaving your country....than you are bringing in. Now, if that wealth was kept inside the US....there would be more jobs, LOWER TAXES, and a stronger economy.
The utter insanity of people thinking it is great for the ChiComs to own our debt. It would be better if they invested in our wealth.
As for Obama putting the tariff on the Chinese tires....this actually was a decision made three years ago by the WTO (no friend of America, Free Traders)...shccking that the US has won a WTO case. The eerie thing is that the Kenyan Communist is actually doing the proper thing on the Chinese Communists.
Unfortunately for Free Traders....Communism is not ice cream....you do not get to pick your favorite flavor.
Just hang in there with the Nattering Nabobs of Free Traderism. Their theories cannot be supported with facts. And pardon my long post....had I replied to one of the GlobalBots....I probably would get booted from FR
Smoot-Hawley did not cause the Great Depression....nor even added to it.THIS I gotta see ...
Can you explain what you mean by Communist Chinese? What part of the economic or political structure of China is Communist?
For that matter, what is Communism, in your opinion? How is it manifested?
“To Fish” (A Fable)
Once upon a time, in a land far far away, there was a strong wonderful nation, to which all other countries on earth looked for inspiration and leadership. That shining nation on a hill, was noted for a particular ability to fish. They provided the world with an abundance of quality, tasty fish from their fishing fleet - the finest on all earth.
Every nation on earth asked that country, who we will call “America”, to teach them to fish also.
The inhabitants of that land, were of a particularly gracious, and trusting stock. Their good nature was inspired by this opportunity to teach other needy fellow countries, to also fish.
Those inhabitants of that nation, then taught every other country on earth, to fish.
One by one, those other countries suddenly changed. Those countries which had been so appreciative of that country called America, when they needed to learn how to fish - began to speak in hushed tones. One by one, those countries stopped buying fish from America. Eventually, no country was willing to buy any more fish.
The countries, as if they knew something the American fishing fleet did not - stated they were no longer going to buy fish from America. But if the American fishing fleet became hungry, Americans were welcome to BUY fish from them, as long as America sold them their fishing boats, fishing nets, and all their fishing tackle.
What followed next, remains one of history’s most startlingly shocking mysteries. which eventually led to the end of that country, called “America”.
For some reason, every last one of those American fishermen, agreed to sell everything they had - for cheaper fish.