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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (30271)	4/9/2005 4:53:18 AM
From: shades	Respond to of 110194

not surprisingly, one of the strongest advocates of the tariff is the slimy socialist Schumer - who in my opinion is nothing but a modern-day robber baron. he wants to basically steal money via tariffs in order to give it to whoever he thinks he can buy votes from. that is the essence of his demands. Message 21173723 columbia.edu Many economists also believe that even if protection were appropriate in theory, it would, in practice, be "captured" by groups who would misuse it to pursue their own narrow interests instead of the national interest. One clear cost of protection is that the country imposing it forces its consumers to FORGO CHEAP IMPORTS. But another important cost of protection may well be the lobbying costs incurred by those seeking protection. These lobbying activities, now extensively studied by economists, are variously described as rent-seeking or directly unproductive profit-seeking activities. They are unproductive because they produce profit or income for those who lobby, without creating valuable output for the rest of society. HAHA! where have we heard this before? Bush and friends doing things to help themselves while telling the little guys its in their best interests? A history lesson: Message 21151490 Congressman, Louis T. McFadden 1932 congressional record: worldnewsstand.net 'Why should we promise to pay the debts of foreigners to foreigners? Why should the Fed be permitted to finance our competitors in all parts of the world? Do you know why the tariff was raised? It was raised to shut out the flood of Fed Goods pouring in here from every quarter of the globe- cheap goods, produced by cheaply paid foreign labor, on unlimited supplies of money and credit sent out of this Country by the dishonest and unscrupulous Fed.