FREE TRADE FOLLIES FUN

[Joanne98]

Of all nations on earth, the US needs the most to untangle itself from half a century of ‘free trade’ follies. We cannot run epic trade deficits forever while consuming a quarter of the earth’s output. But the free trade follies continue, unabated. The bail out of major industries, using future US tax revenues and adding on more debts, isn’t fixing the US deteriorating job situation. The situation is worse in England and the elites there are now openly begging everyone to form support this ‘New World Order’ business. And what the hell is that? Eternal Japanese carry trade? You bet it is!

American exporters in last-ditch attempt to stop Obama raising the trade barriers - Times Online

A coalition of leading American exporters, including Boeing, Caterpillar and General Electric, is trying to stop a “Buy America” clause being included in President Obama’s $825 billion stimulus package.

The American Steel First Act would ensure that only US-made steel was used in $64 billion of federally funded infrastructure projects.

The money, earmarked for roads, bridges and waterways, is aimed at kickstarting the economy, but the initiative by steelmakers, which secured support last week in the House of Representatives Appropriations Committee, is opposed by American exporters, who fear retaliation by foreign governments.

Their concern is given credence by the European Commission and by Eurofer, the association of European steelmakers, which said that it would urge the European Union to challenge the “Buy America” clause at the World Trade Organisation.

I am going to write this in big, fat letters so everyone can figure it out:


This trade war has been raging for 50 years and we lost it, utterly and totally, and now we must fight back or die!

Continued>>>

http://emsnews.wordpress.com/2009/01/26/free-trade-follies-fun/#more-1251

[Lasher]

1. It's good this issue is seeing some attention.

You can't use unmodified 1930s economic stimulus techniques and expect positive results in the 2009 economy. Take the Bush tax cuts, for example. If wealthy benefactors ever used their tax savings to create US jobs, they didn't during the last 8 years. Quite the contrary. They invested in other countries, building factories where cheap labor was exploited to crowd out more US jobs.

Stimulus expenditures need to be limited strictly to US products, and serious measures need to be taken to ensure that only citizens and legal residents of the US are hired. Otherwise we'll be borrowing money from China to invigorate the economy in China.

[Joanne98]

2. Exactly!

[.... callchet ....]

3. Massive progressive tax increase on above $250k and massive

tax cut for everybody below $250k. No taxes at all for under $50k. Put the money back into circulation.

Tell everyone we want "Double the New Deal" now. Turn back the hands of time. There is nothing wrong with corporate greed. It gets things done.

We just need to manage it. We just gave them too much to work with !

Give me an example of talking in another person. I am offending too many people with my " we " style.