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Regardless of what it is, or the intent of such policy, this is not going to lead to anything good. We do not want to start a trade war with China. They are just ramping up their industrial revolution and can easily crush us in the near future. Also, it seems stupid to try to push around our debtor. If we make them mad enough, they can call in our debt immediately making our dollar about as useful as a peso. Whatever, we have a lot of bad things that are coming home to roost in the near future as a result of our foolish decisions regarding fiscal and social policy at home.
our dollar holds no value and hasn't in quite a while. When you have nothing backing it, there is NO value.
why be condescending?
No, it isn't hard....
I have made my point time and time again on threads such as this. You can read my post below. It is more than obvious that what has been done in the past is NOT working. It is past time to get protectionist. Canada does not offer anything to this country that we could not do for ourselves if the wheels are set into motion.
I agree that we need to be more protectionist in re: to trade policy- but not while we are so dependent on China for our economic underpinning.
We won't end that hold over us until we do get protectionist. Better to get the pain over now and we'll see the disease cured in our lifetimes.
I agree with you - in theory. However, Obama has instituted policies in our own country which have put us further in debt - and will skyrocket in debt within the next few years. The only way to get our ledgers cleared up is to start here at home with cutting federal entitlement programs and stopping the outsourcing of jobs to foreign countries. We have let our manufacturing base essentially DIE in this country b/c of trade policies wh/ made it cheaper to manufacture in China and ship other processes to countries such as India.
If we cut ourselves off from China now - how can anything positive occur? If our dollar collapses and hyper-inflation sets in . . . let's see who is rallying in favor of kicking China in the teeth.
I agree with you - in theory. However, Obama has instituted policies in our own country which have put us further in debt - and will skyrocket in debt within the next few years. The only way to get our ledgers cleared up is to start here at home with cutting federal entitlement programs and stopping the outsourcing of jobs to foreign countries. We have let our manufacturing base essentially DIE in this country b/c of trade policies wh/ made it cheaper to manufacture in China and ship other processes to countries such as India.
If we cut ourselves off from China now - how can anything positive occur? If our dollar collapses and hyper-inflation sets in . . . let's see who is rallying in favor of kicking China in the teeth.
We need to reel in the uncontrolled spending for certain. But pushing China out won't necessarily collapse the dollar at this point, and perhaps, it would force the feds to stop spending so much with no lender handing money to them...
We need to reel in the uncontrolled spending for certain. But pushing China out won't necessarily collapse the dollar at this point, and perhaps, it would force the feds to stop spending so much with no lender handing money to them...
True. Obama puts him self in a position he can't stay on much longer...even Osama Bin laden calls him basically a loser for not keeping his words on the war...first Obama is in every speech claiming that if he is the president he will get the troops out a.s.a.p....than he will close Gitmo a.s.a.p.,
All we have seen so far is this country being DIVIDED as never seen before...and even Cindy Sheehan is nor against himm
It is sad to see this country seeing getting in more trouble every day because of the inexperience of this president...
The only thing he is accomplishing is the world record for a president and how many speeches he can give in a year!
We need to reel in the uncontrolled spending for certain. But pushing China out won't necessarily collapse the dollar at this point, and perhaps, it would force the feds to stop spending so much with no lender handing money to them...
How is it gonna force the Feds to do a thing? Our Federal gubment runs on the legislation that is passed - and we are passing more legislation that will put this country further in debt.
This is like a snowball gaining momentum - and ending in a financial and economic avalanche.
I keep telling myself that surely it can't be true that Obama is doing everything possible to completely bankrupt this country - in a move to have us all living in poverty - and ripe for complete dependency on the Federal government. But it does make me wonder.
Fair Trade Our trade treaties should protect our country from predatory foreign countries and companies seeking to weaken or destroy American industry. To that end, tariffs should be erected where needed and where practical. Experience has shown that it is futile to expect other countries to adopt our policies on, for instance, fair and free competition.
What we can do is control the impact of their policies on our economy. The most obvious tool we have is tariffs on their exports. No doubt our tariffs would set off retaliation abroad. We would also have to accept that demand for US debt would decrease. But in the long run, these negatives would be much more than offset by positive effects as American entrepreneurs and industrial executives enjoyed a massive incentive to renew our industrial base.
Our industries have been on the losing side of a trade war with China since Nixon "opened" trade with that country. What he did was allow our financiers to invest our pension money in a state capitalist slave labor economy to drive down manufacturing labor costs in this country. Congratulations to these people, your plan worked.
No that we have "disciplined" American labor and, incidentally driven hundreds or thousands of smaller family owned manufacturing businesses under, we are beholding to China for much of the government debt created by Republican policies started in the Raygun administration. That was another bright move for the financiers. Why should they pay high income tax when we can borrow operating funds for our government from our enemies? Borrow and spend is, for them, far better than tax and spend when they were paying the taxes.
Our military contracting, even if it is a direct government subsidy to the owners of these facilities, have, fortunately, been required to “buy American” which has kept some of our basic industries in business. If we place countervailing tariffs with all the countries that unfairly compete on the basis of under paid or slave labor and do not practice environmentally sound manufacturing processes at a level that will equalize the prices based on productivity we will reopen and revitalize the industries that have been shut down. If we combine these tariffs with sever taxes on investment income from foreign sources we will force American investors to put our money to work here instead of some tyranny like China or other third world dump. This will result in much greater employment in this country as well as far greater investment in the companies requiring those employees.
These tariffs may raise the prices of some goods but these prices will be offset by the increases in employment and wages paid to the American workers. The workers will be able to pay the higher prices which will lead to long term stability in our markets.
Yes, this is a TRADE WAR. We must acknowledge the WAR is in progress and we are finally taking some measures to try and WIN it! Continuing to do what we are doing with make certain we lose and slide into poverty with the rest of the world. We need to take care of our own first and stop subsidizing foreign tyrannies and slave labor employers.
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