Connect with us

GOP

Ron Paul: Trump Tariffs Are A Bad Idea

Ron Paul

Published

on

President Donald Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the preferences of politicians, instead of the preferences of consumers, determine how resources are allocated. This reduces economic efficiency and living standards.

Some justify these economic inefficiencies as being worth it to save American jobs. This ignores how tariffs increase costs of production for industries reliant on imported materials to produce their products. These increased costs lead to job losses in those industries. For example, President Trump’s proposed steel tariff could cost nearly 40,000 jobs in the steel-dependent auto manufacturing industry. Tariffs also cause job losses in industries reliant on exports. This is especially true if – as is likely to be the case – other countries respond to President Trump’s actions by increasing tariffs on US products.

Many of President Trump’s critics do not themselves support true free trade, which is the voluntary exchange of goods and services across borders. Instead, they support the managed (by government) trade of NAFTA and the World Trade Organization (WTO). NAFTA and the WTO promote world government and crony capitalism, not free markets. Any libertarian or free-market conservative who thinks the WTO promotes economic liberty should remember that the WTO once ordered Congress to raise taxes!

Foreign manufacturers may make convenient scapegoats for the problems facing US industry. However, the truth is that most of the problems plaguing American businesses stem from the US government. American businesses are burdened by thousands of federal regulations controlling every aspect of their operations. The tax system also burdens businesses. Until last year’s tax reform bill, the US had the highest corporate tax rates in the developed word. The tax reform bill lowered corporate taxes, but the US corporate tax rate is still higher than that of many other developed countries.

The United States not only spends more on “defense” than the combined budgets of the next eight biggest spending countries, but also spends billions subsidizing the defense of developed counties like Germany, Japan, and South Korea. Bringing US troops home from these countries is an excellent place to start reducing spending on militarism.

The biggest cause of our economic problems is the Federal Reserve. America’s experiment with fiat currency has enabled a system based on private and public debt. This makes trade imbalances inevitable as the US government needs foreign investors to purchase its debt. Foreign investors get the money to purchase the US government’s debt by selling products to American consumers. A trade war could cause foreign investors to stop buying US debt instruments and could end the dollar’s world reserves currency status. This would cause a major economic crisis – but at least it would stop our shores from being flooded with “cheap foreign goods.”

President Trump’s claim that trade wars can be easily won is as credible as the neoconservative claim that the Iraq War would be a cakewalk. A trade war would likely push the global economy into a recession or worse. Instead of imposing costs on American businesses and consumers and putting those whose livelihoods depend on imports out of s job, President Trump should address the real causes of our economic problems: the welfare-warfare state, the IRS, and the Federal Reserve.

Ron Paul is America’s leading voice for liberty, prosperity and peace. As a former member of the U.S. House of Representatives and three-time presidential candidate, Ron Paul tirelessly works for limited, constitutional government, low taxes, free markets, and a return to sound monetary policies. Ron Paul never voted for legislation unless the proposed measure was expressly authorized by the Constitution.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

GOP

Lucy Parsons Project Racists Protest Pakistanian Middle Eastern Cafe in San Fransisco

Polipace Staff

Published

on

Looks like the GOP can’t help funding fake “progressive” organizations under the guise of fighting for black rights. What’s the new “cause?” A half dozen white women have been daily protesting a local Middle Eastern Cafe owned by a Manny Yekutiel, a man of Pakistani Jewish Descent whose family fled persecution in Pakistan.

Manny Yekutiel opened his eponymous Manny’s in November, calling the Middle Eastern cafe and restaurant in downtown San Francisco a “civic social gathering space.” His goal for the Mission District eatery was “to create a central, accessible and affordable place to go to become a better informed and more involved citizen,” he told the San Francisco Examiner.

Manny’s has earned praise for hosting talks with speakers on issues ranging from Black Lives Matter to urban sustainability.

But Yekutiel, who is Jewish, is being protested weekly, accused of espousing “racist, Zionist, pro-Israel ideals.” His café has been vandalized and painted with anti-Semitic and anti-Israel slogans over and over again — mainly by White racists.

The only allegation seemingly against him is that he is Jewish. Yekutiel has even said he does not support everything the Israeli government does and disagrees with its treatment of the Palestinians — and has many friends who are Palestinian.

Yekutiel reportedly has met nearly all the requirements of United to Save the Mission, a coalition of more than a dozen neighborhood nonprofits and activist groups. They include bilingual signage and staff, moderate prices (a cup of coffee is $1.75) and food prepared by a nonprofit employing homeless, formerly incarcerated and low-income community members, who earn all the food revenue. Community groups can use the space for free.

 

Continue Reading

GOP

Trump Promotes “Hitler Lover” Buchanan

Polipace Staff

Published

on

Despite claiming 20 years ago that Pat Buchanan was a “Hitler Lover,” the President is now quoting him in tweets.

Last week, Buchanan posted an article on the anti-immigration site Vdare.com that implored Trump to declare a national emergency on the southern border, “because mass migration from the global South, not climate change, is the real existential crisis of the West.” Trump has publicly considered such a declaration as a way to go around Congress in order to secure funding for a wall on the U.S.-Mexico border.

On Sunday, the president quoted a portion of Buchanan’s post in a pair of tweets. The first said, “‘The Trump portrait of an unsustainable Border Crisis is dead on,'” and then listed a number of immigration-related crime statistics. Buchanan did not cite the source of the data, but the context indicated it was from the Trump administration.

In 1999, Trump called Buchanan a “Hitler lover” and said it was “incredible that anybody could embrace this guy.” Buchanan, who has often been accused of expressing racist and anti-Semitic views, at the time was seeking the Reform Party’s nomination for president.

“Look, he’s a Hitler lover,” Trump said on “Meet the Press” in October 1999. “I guess he’s an anti-Semite. He doesn’t like the blacks. He doesn’t like the gays. It’s just incredible that anybody could embrace this guy.”

 

Continue Reading

GOP

Every Border Congressperson Opposes Trump Wall

Polipace Staff

Published

on

Despite being both republicans and democrats, they have one thing in common: they are completely against a border wall in their district and say no one living there wants it.

Congressman Vincente Gonzalez, a democrat, says he’s not against border security at all.

“I think we can deal with Central American migration in a humane way, have humanitarian centers, even have asylum hearings there. We have the knowhow and we have the experience because we have been doing it here in our southern border. I think we should share that with them and try to attack the problem further south,” said Gonzalez.

Congressman Gonzalez says there needs to be an immigration bill to take care of the immigrants who are in the United States now and set up temporary migrant worker programs like the country has done in the past.

During a private dinner with Mr. Trump last year, the congressman suggested a “virtual border wall,” one that would use technology and existing military surveillance equipment currently not in use. But Mr. Trump wasn’t interested in non-physical alternatives, Gonzalez said.

The USA TODAY Network asked the 534 members of the House and Senate whether they support the $1.6 billion down payment approved by the House and found fewer than 25% of Republicans willing to stand up for the plan publicly.

Continue Reading
Advertisement
Advertisement

Recent Posts

Advertisement

What's Hot

Copyright © 2017 Pace Lattin Inc. powered by WordPress.