PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: craig crawford who wrote (237119)	3/13/2002 9:50:14 AM
From: DuckTapeSunroof	Read Replies (1) of 769667

Re: "this dogmatic adherence to free trade above all else has caused us to shoot ourselves in the foot." and "you will never understand why unfettered free trade is destructive." >>> Well, so there ARE still some Buchanan-ites still around! Obviously, like many Dems. and psuedo-conservatives, you'd like to return to the great old days of the Smoot Hawley Act that plunged the world into depression. LOL! >>> Talk about short-sighted and counter-productive actions! America's great success has been largely due to our ability to be one of the most successful trading nations of all. I'm sure that if we just turn inwards and only buy from oligopolistic US-based trade chaebols - hiding behind consumer-soaking tariff barriers - we will all be better off :( >>> ER... that is... the chaebols will be better off as we slowly sink into insignificance and a Japan-style long term decline as a nation. RE: "like everyone else you only focus on the bottom line. jobs in, jobs out. you don't care about the people behind those jobs" >>> Do you dispute that the imposition of steel tariffs will cost far more US jobs than they will 'save'? No! >>> Do you dispute that wages in Germany's steel industry are far higher than in the US steel industry... yet apparently Germany has no problem competing with us? No! So it's not the wages that are the problem. >>> Do you dispute that Bush's tariff tax is aimed mostly at providing welfare for only the LEAST productive, and most antiquated, of our integrated steel mills (in the midwestern states he needs for his re-election)... and provide no price support for the newer American mills (like Nucor) which are competing successfully? No! >>> So what is the basis for your argument? That 'them durn furreners' are eating our lunch? Steel is a heavy product, expensive to ship. Assuming a minimal level of efficiency in the industry, the local producers should have a price advantage over foreign producers... 'cause it costs so much to ship. >>> Yes, there is over-capacity worldwide in the industry (partly because of the current slowdown), and yes we should extract recompense when foreign GOVERNMENTS subsidize their companies... but now (as during Reagan's term) so do we! >>> Times of over capacity and global slowdown is when we should be closing down the least efficient producers so the more modern ones can grow strong by taking the market share. By keeping our weakest, least productive mills in operation (as during Reagan's term) by propping up the weak sisters we don't allow our best steel mills to become stronger. >>> Exactly the same mistake Japan made.

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