red must have heard it said somehwere that protectionism involves "balance". you can still buy American manufactured products, its just that you dont want to because they cost a fortune. for example you could buy some really nice shoes made in vietnam, or buy a similar pair, perhaps a bit nicer, maybe some aldens or allen edmonds, but they will cost $350. it just doesnt make any sense to keep manufacturing jobs here. if it did, we wouldnt need to protect them and intervene. let the economy do what it does and stop trying to manipulate it. unless you want to make this mation into one of the poor ones with cheap labor.
And? They make more, they pay more in dollars. In fact they pay the majority. Maybe those 300,000 should just pack up their bags and leave. Then where would you be?
Nuclear, gas, coal, oil, air & solar. Its not a political line red. Everyone knows that Unions drive wages up and everyone knows that the government tries to stick its fingers in everything. Yea, labor over seas is cheap, but in many cases it's more skilled labor than the high school kids you keep talking about. Cutting taxes can offset cheap labor...
Most economists don't have to lead a nation through a world war. The President and The Congress may have to one day. And I don't really support it wholeheartedly. But some pragmatic measures must be considered if the competition is doing it and beating us.
Difference being the numbers I have posted mean something. That wealth gap stuff you are so fascinated with has no bearing on anything. Wealth is not finite you know.
I'm talking about heavy industry, cityboy. The kind that is essential in a war of attrition. Industry that can convert to war production in an emergency like World War ii. Vital industries like steel production and shipbuilding that we could be unable to obtain overseas.
Who does it matter to? The fact that Buffet and Gates picked up billions last year, and I picked up thousands are wholly independent of each other.
