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
lesoc Wrote: Aug 31, 2012 10:47 AM
I think one point most of miss is that American tax laws are designed to allow big corporations to take advantage of slave labor, then bring the products back into the U.S. without paying tarrifs. Why else would the multinational's profits be at all-time highs. At the same time, why do we need 900 military bases around the world? To protect us from England, Germany, Japan? No, I personally believe the bases are there to protect the big multinationals from takeover by unfriendly countries. We have enough automation capability here to be competitive worldwide. What's missing is politicians willing to buck the multinationals.
OldMexicanblog Wrote: Aug 31, 2012 10:09 AM
Re: JMN,
-- 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. --

Only if consumers continued to spend on imported goods at the same rate as today, as if Opportunity Costs did not exist. The problem with anti-market protectionsits like Buchanan is that they do not understand economics; they think aneconomy is like a machine where you feed A and have as a result B; unfortunately, since an economy is made of millions of self-interested, thinking individuals, what you get may be H or F or D - you cannot foresee the result, so saying that you can potentially get $280 billion is just a guess based on simple *accounting*, NOT econ.
normfromga Wrote: Aug 31, 2012 11:42 AM
Yeah, if the prices for imported goods went up, then the multinationals would simply start building plants to make stuff here, hiring un- and under-employed Americans!

And that would....

Ah, what was your objection?

"The success of a party means little except when the nation is using that party for a large and definite purpose," said Woodrow Wilson in his first inaugural, 100 years ago.

The Republican Party of Richard Nixon was called to power in 1968 to bring an honorable end to the war in Vietnam and restore law and order to campuses and cities convulsed by crime, riots and racial violence. Nixon appeared to have succeeded and was rewarded with a 49-state landslide.

The Republican Party of Ronald Reagan was called to power in 1980 to restore America's prosperity and...