Home | Community | Message Board


Mycohaus
Please support our sponsors.

General Interest >> Political Discussion

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post. Pages: 1
OfflinePhred
Fred's son
Male

Registered: 10/19/00
Posts: 12,949
Loc: Dominican Republic
Last seen: 3 years, 4 months
The cost of US protectionism
    #1946421 - 09/24/03 01:05 AM (14 years, 7 months ago)

Excerpted from: http://www.opinionjournal.com/editorial/feature.html?id=110004051 --

Steeling Our Wealth
Bush's tariffs deal the economy a $680 million hit.
Tuesday, September 23, 2003 12:01 a.m. EDT

Long ago we characterized President Bush's imposition of steel tariffs in 2002 as the single worst decision of his Presidency. Now someone's finally put a price tag on it. According to a just-released report from the International Trade Commission, in their first year U.S. steel tariffs inflicted a $680 million hit on an already struggling U.S. economy.

Now, if there has been one persistent weakness in this Administration, it's been in the area of international economics. At a time when our Treasury Secretary is blaming the Chinese for U.S. manufacturing losses (see above), the ITC report would make instructive reading for the White House political staff. Even as simple political calculus, the losers outweigh the winners from the tariff decision.

The ITC report's executive summary is a PG-rated version of the overall study, leaving out the gory details of the damage to U.S. manufacturing under the tariff protection. But the damage is real enough. While American steel makers have benefited from the tariffs, those paying the price were steel users--everyone from auto and tool makers to appliance manufacturers. Not to mention the American consumer.

It's the classic protectionist result, with the benefits enjoyed by a concentrated and politically powerful few while the costs are diffused. According to the ITC, a quarter of the U.S. companies surveyed reported losing business to foreign competitors since the tariffs were imposed. That's a pretty significant burden for an economy struggling to come out of recession and already losing manufacturing jobs. And it's not the only cost the tariffs have imposed.

**************

Lots more at the link.

pinky


--------------------


Post Extras: Print Post  Remind Me! Notify Moderator
OfflineLearyfan
It's the psychedelic movement!
Male User Gallery

Registered: 04/20/01
Posts: 30,654
Loc: High pride!
Last seen: 3 hours, 28 minutes
Re: The cost of US protectionism [Re: Phred]
    #1946626 - 09/24/03 02:22 AM (14 years, 7 months ago)

Until we stop electing people who are being bought by corporations, profit will always take precedence over everything else.







--------------------
--------------------------------


Mp3 of the month: Hydro Pyro - Id



Post Extras: Print Post  Remind Me! Notify Moderator
Invisiblez@z.com
Libertarian
Registered: 10/13/02
Posts: 2,876
Loc: ATL
Re: The cost of US protectionism [Re: Learyfan]
    #1946661 - 09/24/03 02:43 AM (14 years, 7 months ago)

For once I agree with you. Protectionism is bad for us and everyone else.


--------------------
"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis

"I would rather be exposed to the inconveniencies attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson


Post Extras: Print Post  Remind Me! Notify Moderator
OfflineBaby_Hitler
Errorist
 User Gallery

Folding@home Statistics
Registered: 03/06/02
Posts: 23,093
Loc: To the limit!
Last seen: 9 hours, 30 minutes
Re: The cost of US protectionism [Re: Phred]
    #1946680 - 09/24/03 02:56 AM (14 years, 7 months ago)

Yes, we should just pay steelworkers to not work like we do farmers.


--------------------


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleinfidelGOD
illusion

Registered: 04/18/02
Posts: 3,040
Loc: there
Re: The cost of US protectionism [Re: Baby_Hitler]
    #1946764 - 09/24/03 03:30 AM (14 years, 7 months ago)

no. just pay them what they're worth. nothing more. nothing less.


Post Extras: Print Post  Remind Me! Notify Moderator
Jump to top. Pages: 1

General Interest >> Political Discussion

Similar ThreadsPosterViewsRepliesLast post
* Protecting free trade not about protecting big business.
( 1 2 3 all )
z@z.com 3,660 48 01/14/05 04:57 PM
by Anonymous
* New Gun Protection SirTripAlot 803 14 10/23/05 05:07 AM
by z@z.com
* Unreported cost of war: 827 Americans wounded
( 1 2 3 4 all )
Zahid 3,445 73 08/07/03 04:03 PM
by d33p
* Governments in need of regime change.
( 1 2 all )
LSDempire 2,692 38 08/29/05 09:21 AM
by LSDempire
* "The High Cost of Developing Drugs" Silversoul 578 5 05/26/06 01:35 PM
by blacksabbathrulz
* Home Protection
( 1 2 3 4 all )
Xlea321 2,627 74 12/20/02 01:24 PM
by shroomophile
* Series on Protecting Your Privacy Online LanaM 2,097 2 12/09/02 11:01 AM
by isam
* The cost of dissent
( 1 2 3 4 all )
Anonymous 2,004 65 08/10/03 09:15 AM
by Phred

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Enlil
309 topic views. 0 members, 1 guests and 5 web crawlers are browsing this forum.
[ Toggle Favorite | Print Topic | Stats ]
Search this thread:
Shroom Supply
Please support our sponsors.

Copyright 1997-2018 Mind Media. Some rights reserved.

Generated in 0.028 seconds spending 0.006 seconds on 19 queries.