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2008-11-12 Home Front Economy

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Posted by Besoeker 2008-11-12 08:02|| || Front Page|| [6 views ] Top

#1 If we put the exact same tax on imported goods that their country of origin puts on American goods, I suspect we'd be out of the woods in a very short time.
Free trade and globalism advocates have been busting their collective sack explaining the virtues of the global economy for the last 20 years at least, as things steadily went down the toilet. Now we've hit rock bottom, almost, so where's the great benefit in the global economy now? I know, I know, cheap shit at Wal-Mart, yada, yada, yada. But if we've lost millions of jobs, doubled our national debt, became beholden to other countries for our energy, and have to kiss china's ass to keep them from dumping their US bonds and crashing our bond market, what HAVE we gotten out of this deal? I think its a fair question.

Posted by bigjim-ky 2008-11-12 10:04|| 2008-11-12 10:04|| Front Page Top

#2 Do not discount the strangulation of business by regulation.

Posted by newc">newc 2008-11-12 10:46|| 2008-11-12 10:46|| Front Page Top

#3 What bigjim said.

Posted by Ebbang Uluque6305 2008-11-12 12:27|| 2008-11-12 12:27|| Front Page Top

#4 Gloabalism didn't cause people to spend more than they make. Globalism didn't force the UAW to create ridiculous work rules and unsustainable cost demands on its employers. Globalism didn't force our government to create huge entitlement programs (also unsustainable). Globalism is about competition and enabling different countries to specialize. Globalism is about Honda, Toyota, BMW and Mercedes building plants in the US and employing non-union workers at those plants and paying them a very good wage. You want a far worse recession, then erect trade barriers. That sure worked like a dream the last time around.

Posted by remoteman 2008-11-12 12:53|| 2008-11-12 12:53|| Front Page Top

#5 You are right too, remoteman. But during the Republican presidential primaries my guy Duncan Hunter said his policy on tariffs would be like a mirror - whatever tariffs they put on our products would be the same tariffs he would put on theirs. That made sense to me but it's not what happens, is it? Not only that but the Chicoms don't protect their workers or their environment like we do. How about a level playing field?

Posted by Ebbang Uluque6305 2008-11-12 13:17|| 2008-11-12 13:17|| Front Page Top

#6 EU did you boy Duncan spend his time reading Tom Clancey novels?

This mirror idea is a perfect example of the maxim that things should be as simple as possible AND NO SIMPLER.

Global trade is way to complex for sound-bite answers from anyone. If you want to know what really caused the depression look into REPUBLICAN idiocy known as Smoot-Hawley. FDR just came along and kept pushing the ball down hill till WWII bailed us all out.

Posted by AlanC 2008-11-12 14:04|| 2008-11-12 14:04|| Front Page Top

#7 I think you are all right, but do you not see globalist policies as a goodly part of this problem?
I wonder how many people do or don't. It has certainly been a godsend for big business, but for the American worker? It seems to have brought few of the promised benefits.

Posted by bigjim-ky 2008-11-12 14:58|| 2008-11-12 14:58|| Front Page Top

#8 ION FREEREPUBLIC > BARNEY FRANK WANTS TO NATIONALIZE THE US AUTO INDUSTRY.

HMMMM, ala the USSR the Bolsheviks + Soviets lasted from 1917 thru 1989 or 1991 > WID US POLITICOS + GLOBALISTS, ETC WAFFLING BWTN THE WORLD-DOMIN/CONQUERING USSA, versus WEAK ANTI-SOVEREIGN OWG USR of Amerika, IT REMAINS TO BE SEEN HOW LONG US-CENTRIC SOCIALIST ORDER WILL LAST.

At last check the Islamists are still a'rampagin thru CENTRAL- AND SOUTH/SE ASIA [desired FUTURE NUCLEARIZED ISLAMIST ASIA].

Posted by JosephMendiola 2008-11-12 18:33|| 2008-11-12 18:33|| Front Page Top

#9 WORLD MIL FORUM [paraph = Google Chinglish translation] > CHINA AND TURKEY HAVE THE LARGEST "BEST" WORLD ECONOMIES, for the USA to heavily interact with in order to resolve its on-going Financial Crisis and related.

Also from SAME > PROLONGED US FINANCIAL CRISIS CAN RESHAPE THE MAP OF ISLAM, ASIA AS SUPERPOWER USA DECLINES BUT GROWS MORE ECONOMICALLY DEPENDENT ON FOREIGN STATES.

Posted by JosephMendiola 2008-11-12 23:20|| 2008-11-12 23:20|| Front Page Top

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