All of your questions are answered but the fact that COGS will be significantly lowered which itself will expand business investment and opportunity which leads to an expanded economy and the by-product of more jobs.
Combine that with the fact that foreign subsides and tariffs are foreign governments shooting themselves in the foot. Foreign subsidies, ie. socialist economic interference, weakens that country’s economy as does tariffs which artificially force higher prices on the foreign country’s own citizens. Over time, business from a healthy free economy will out compete such artificial, empty measures in both price and quality. Just because they shoot themselves in the foot doesn’t mean we have to.
Countries that engage in such practices hurts themselves (and overall free trade) and those who refuse to do so benefit themselves and free trade.
Also, we don’t have to win in every market area. Some countries are better than others at certain things. Let the voluntary cooperation of buyers and sellers in the open competition of the free market work it out. Just keep government OUT. The consumer will always win, like the American consumer historically always has, and is why the average American has always been better off than the average citizen anywhere else.
Thank you for your comments Jim.
We have 45 million people out of work. I want them employed, and as fast as possible.
If 45 million people earn an avearage of $30 per year, that means we’ll have $6.75 to $13.5 billion more economic activity in our nation.
That means we can do all sorts of things like, pay down the debt, bring Medicare and Social Security back to solvency in the short term. It means we can get our military back into shape in short order.
It also means that folks on Welfare will be able to get of their fat asses and find a job.
Thanks for the discussion.