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A couple of the most obvious things that John Hawkins forgot to mention that has the founding fathers turning over and over in their graves is " Low Tariffs" and the opening up of the American domestic market. For one thing the founding fathers were never liberal free traders, they were economic patriots. When George Washington became president the second bill he signed was the "The Tariff Act of 1789", (signed on July 4th, 1789). Among the Tariff Acts purposes was " the encouragement and protection of manufacturers." The Tariff Act contained ad valorem duties/tariffs, ranging from 5 to 15 percent. On December 5, 1791, America's first Secretary of the US Treasury, Alexander Hamilton, presented the US Congress with the "Report on Manufactures". Hamilton's "Report on Manufactures presented an economic blueprint that included a national bank, bounties/subsidies to industry, regulation of trade, and Moderate Tariffs. The Report spelled out that the US needed these policies for encouraging the growth of manufacturing and secure its future as a permanent feature of the economic system of the nation. It is interesting to note that Hamilton's Report on Manufacturers, has gone on in "economic history" to be known as the "American School", or "the American Way", or "the American System" and by today's standards it was a truly conservative system that helped make America into an economic superpower. By comparison, Alexander Hamilton would not be pleased with todays tariffs averaging from 1 to 3 percent. I think he would be angry to observe that from 2000 to 2010, the US lost -$6.1 trillion dollars in trade deficits. In 2012 alone the US trade deficit ballooned to -$600 billion dollars. Since 2007 the US has lost 60 thousand factories and over six million industrial jobs and hundreds of billions of dollars in potential revenue. In closing, yeah I'd say that Hawkins forgot to mention a few things that would make the founding fathers roll around in their graves. Low tariffs and opening up America's markets, and the lack of American economic patriotism would be some of them. Regards, JMN
In response to:

Make Trade, Not War

JMN Wrote: Sep 18, 2013 6:00 PM
Hello freedomist, I like the way you say, ... neoconservative interventionism is actually liberalism packaged and sold as conservatism. I have a question for you, do you consider libertarians to be be real conservatives? JMN
In response to:

The 'Large Purpose' of Romney-Ryan

JMN Wrote: Aug 31, 2012 9:51 AM
I agree with Jim3912 that this is a very good analysis. I've read most of Buchanan's work and I wonder why he never brought up tarrifs? Buchanan has written tons about trade and he certainly knows that the estimates are that the U.S.could be bringing in up to $280 billion a year or more in tarrifs. Not to mention that many U.S. companies would have to consider coming back to America to do business. JMN. When the numbers are in later this year the 2012 US trade deficit will be another $600 bilion dollars disaster this
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