Band of Bozos agrees to protect foreign-based firms from any competition by companies in the U.S.A. How can American workers compete with slaves?
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 reality. Every country protects its own industries until they become strong enough to survive without protection from foreign dumping and currency manipulation.
China, for example, currently has a 25% tariff on U.S. cars and soybeans. The Europeans have duties of 25% on U.S. motorcycles, boats, whiskey and even peanut butter. Nearly all nations, except the U.S., also have a Value Added Tax which affects all imports with double digit fees. Continue reading →
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 of a billionairess announced.
“We will have shortages of needed goods,” a genius two years out of college lamented.
“There will be a trade war, like the one that caused the Great Depression,’ a fellow with a bad wig grumbled.
The last point first. The Great Depression and crash of the stock market was in 1929. The Hawley–Smoot Tariff act was passed in 1930. The Depression was the result of the greatest economic inequality in our history – until today. The Crash was not caused by tariffs enacted after the fact by the unfettered administration of GOP president (Herbert Hoover). Continue reading →
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 other side, CNN, Paul Krugman, WAPO and the New York Times say they oppose cuts to these necessary programs.
So, what’s happening here. Why are the leaders of the far left and far right joined together to fight against America seeking fair trade through fair tariffs? Continue reading →