While the public is focused on tariffs and pundits are bemoaning the dangers of a “trade war,” our foreign competitors have the last laugh every day, watching our factories close and our colleges over-qualify future pizza delivery peons. It doesn’t have to be that way. In fact, it’s easy to see a solution. Here is one unfair trade example. Germany and the European Union charge a 10% tariff on cars […]
The new United States-Mexico-Canada Agreement (USMCA) was signed November, last year, by the President with warm enthusiasm from Congress. The promise was a no-tariff zone, free trade, American prosperity, all good for big business and consumers. Unfortunately, our Negotiator-in-Chief was trumped by Mexico. This House of Cards trade deal will create even larger deficits ($566 billion in 2017), and enhance China’s position as the world’s biggest exporter of goods – […]
For years I thought that what was good for our country was good for General Motors, and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country. Our contribution to the nation is considerable. – Charles E. Wilson, 1953 As president of General Motors, Wilson led the firm through World War II, then became Secretary of Defense under Dwight D. […]
Washington’s Band of Bozos agrees to protect foreign-based firms from competition by companies in U.S.A.
It is bad news to uncover a Band of Bozos who are dedicated to make foreign companies rich at the expense of American workers. Their plan is to prevent any current or future tariffs on goods no longer made in the U.S.A. That would include more than 1,600 products listed by the International Trade Commission, an organization dedicated to global progress at the expense of this country.. The Bozos ignore […]
How does a 100% tariff only increase the real price of a pair of prescription $600 eyeglass by only $15?
What does President Donald Trump’s tariffs on $50 billion worth of imports from China actually mean, and how will this affect you? The ministers of mainstream media have received their talking points from the same lobbyists who control Congress, and they are using scare tactics on the public. “A 25% tariff on a product will raise the cost of needed goods by a third, hurting the American consumer,” one son […]
Rich or poor, religious or not, every leader of every Southern state in 1860 opposed tariffs and embraced slavery. In the North, where there was no slavery, everyone favored tariffs to protect both American industry and wage earners from unfair foreign competition. Today, Paul Ryan, Cato Institute or Heritage Foundation invariably promote cutting Social Security, Medicare, Minimum Wage, in fact they despise anything that helps the middle class. On the […]
During the Vietnam War, my part-time job was correspondent for the United States Information Agency (USIA), and one assignment portended today’s global power alignment. The assignment was to interview ten ministers from various African nations to gain their impressions of a trip they were concluding in the United States. The article would be translated for their nation’s newspapers after review by Washington officials. My recollection was a 500-word report to […]