Columba Bush: Es la verdad!!!
Posted on 02/13/2016 9:35:55 PM PST by Helicondelta
During tonight's CBS Republican presidential debate, Donald Trump was the only candidate to address the news that Carrier will be sending hundreds of American jobs to Mexico.
The GOP frontrunner said that under a President Trump, Carrier would stay and "build in the United States because we are killing ourselves with trade pacts that are no good for us and no good for our workers."
Video footage emerged yesterday, which went viral, capturing the anger and heartache of 1,400 Indianapolis workers who were informed that they soon would be out of work, as their company will be sending their jobs to Mexico. The New York Post described the video as "stomach-turning."
The company representative tried to quiet the crowd, as workers of different races and ethnicities cried out in outrage and despair. "Let's quiet down," the company representative said in the video.
(Excerpt) Read more at breitbart.com ...
-Well, tariffs are taxes . . . but I’m not sure where you are going with this all . . . .-
Revenue from tariffs could be used as general tax rebate. No net gain or loss.
The point of tariffs is to insource production, something every founder agreed upon.
Our founders would have thought of free trade as treason.
Jenny, have you ever had to sign the layoff/no return paperwork for over 400 people?
I had to sign over 60 of those for my GM line.
(out of approx 4000 in plant)
(an equal number in town and state were affected)
No politicians were affected though (aka Mike Dukakis, John Kerry, Teddy the drunken Senator)
I noticed that also.
Kind of a sign to me that Trump was really the ONLY one TRULY concerned about American jobs and his dislike for the corporate inversion that's taking place.
**DRUDGE POLL** WHO WON THE 9TH REPUBLICAN DEBATE '16?
BUSH
3%
7,893 votes
CARSON
3%
6,547 votes
CRUZ
20%
53,065 votes
KASICH
5%
12,208 votes
RUBIO
12%
30,880 votes
TRUMP
58%
150,912 votes
261,505 Total Votes
That is true.
Pure conservative theorists don’t give a damn about people.
“You only need to look at history and the lead up to the Great Depression to see what high tariffs can do for a country.”
Let’s look at history. In 1865 the United States economy was decimated from four years of civil war. In 1900, 35 years later, the United States had the greatest industrial economy on the planet. In addition, it had a rapidly growing middle class. During that period the US had the highest tariff rates in its history. High tariffs were a conscious government policy to protect developing American manufacturing from European competition and thereby create jobs for the rapidly expanding population. Not only did the high tariff policy work, tariff and duty revenue fully funded the federal government.
Now let’s look at the Great Depression. The Smoot Hawley tariff bill did not cause the Depression, it was passed in 1930’ after the financial crash of 1929 and after the agriculture depression which began in 1926. Remember agriculture was much more important to the economy in that era.
In 1929, total foreign trade contributed 5% of GDP. Half of that trade was agricultural and the rest industrial.
From 1929 to the bottom of the Depression in 1932, US GDP declined by 50%.. Trade declined by an approximately equal amount. Therefore at most trade contributed 2.5% of the 50% decline in GDP. Clearly there were much more significant causes of the Depression, chief among which was the significant contraction of the money supply by the Federal Reserve. The contraction of the money supply resulted in the collapse of the banking system and the removal of credit from the economy which in turn resulted in the bankruptcy and closing of many businesses and loss of jobs. The decline in number of businesses and jobs decreased demand for goods and services causing a vicious cycle with more businesses closing and more jobs lost. The truth is, trade at 5% of GDP was not an important enough factor in the US economy, when the tariff was passed in 1930, to cause a 50% decline in the nation’s economy.
Now fast forward to 2008. The US economy experienced a financial meltdown and collapse in demand despite the lowest tariffs, and highest trade levels, in its history. This was more proof a rapid collapse in demand for consumer and industrial goods can occur in an economy without trade policy being a factor.
The myth about tariffs being the cause of the Great Depression of the 1930’s has been touted by globalists for decades. The economic data from the period does not back them up.
Don’t hold your breath....they’ll be right over to give the same arguments you can get over on DU.
UTC, Carriers parent, reported profits of around $8 billion last year. It isn't a question of being profitable. It's a case of wanting larger profits by reducing costs.
Not true! There would be no reason why they would not use same suppliers...unless the supplier also is forced to leave. On the other hand if they stay and go bankrupt those other jobs are lost!!!
Strange ....that is what happens if they stay and go bankrupt!!!
The big tent GOPe claimed they wanted but now since they can’t control it they don’t really want
It must suck to be them
The two front runners are bad news to them....Nightmare on Pennsylvania Avenue
Every f-ing unit made by carrier ought be taxed at 200 percent import duty.
As should all company that flees to some other country.
Columba Bush: Es la verdad!!!
Tariffs are a tax on foreigners doing business in our country.
We know they do it to us, whether above the table or under the table.
We know that we have the richest and most desired market in the world.
It’s like having the best restaurant on the planet and charging Truck Stop Microwave hot dog prices.
They will pay to play here, and they’ll BEG to play here.
Make them pay.
Do not buy Carrier and write them and tell why. I would be afraid to buy their stuff because if I worked there there might be some problems crop up. A little sabotage maybe. I have seen it in the car business.
It isn’t when you know he played baseball and was offered a contract with a pro team. Baseball is a sport where you are judged on merit, not for any other reason. When I played we came from all different classes.
Since the policies you have been advocating for have brought about the death of the American middle/working classes and impoverish the nation I am not surprised to see you once again complaining about the possibility that you might have to make some kind on minor financial sacrifice to help your fellow Americans. You really are 1 rude boy. . It’s F* Up b*stards like you that have destroyed this nation. FU1RB and F all the globalist Bs like you.
That is what “economic conservative” has come to mean though. They are the ones pushing open boarders for the “free movement of labor” which means “driving down wages”.
I wouldn’t globalists very conservative but I’m not the one who gets to decide that.
Beck is a “conservative” and is “open borders”. Just admit you’re wrong, this is getting embarrassing.
Kinda missed the point that it's our job-killing policies that have been hurting 360 million or so Americans.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.