I want give you something to think about.

It is really a funny thing that the all the Highly Industrial Countries are all affected by this Financial Problem. All of these Industrial countries have one common thread that runs though all of those affected countries. However, the only difference is the degree of the Financial Problem in each country.

All the Industrial Countries of the World have been sending all their highest paid Jobs off shore to China in search of the lowest wages.

This has been going on for 15 years, every since all other Industrial Countries of the World followed America in to joining the WTO and canceling all their Import Tariffs.

America over the years has proven to be the best country in the whole world for creating new jobs, that’s why America was the wealthiest Country in the world till we joined NAFTA and the WTO in 1992 and 1993 respectfully.

Here is the problem; as fast as America creates new Jobs the Politicians advocate sending all of these higher paying Jobs off shore to Mexico, India or China in the name of Free Trade faster than America can create them.

That’s why China a third world country 15 years ago is getting much richer on the backs of American workers and America is going Bankrupt, it’s that simple.

What is the America Politicians Thinking? They are either being bought off by the Big International Bankers, International Manufacturing Companies or just plain stupid. I got a feeling it is not the latter.

I’ll bet Americans will have a change of heart about Free Trade when they have lost everything and are standing in the Soup line with their children.

The final analysis is that American Workers ends up working at Wal-Mart as a check-out or at MacDonald’s flipping homburgs and China grows much wealthier and militarily stronger every year.

If that’s not enough the Politicians all refuse to build a concrete wall on our southern border to stop the Drug Pushers, Illegal Aliens and Terrorist from entering our Country Illegally.

What the hell type of Politicians do we have in Washington D.C.?

They are allowing more Cheap Illegal Drugs to flood our country through our southern border and drug pushers killing each other on our streets. Then all these Illegal drugs are allowed to flood our streets to addict all of our young children.

These Illegal Aliens who can’t speak English or don not even have elementary school education are causing the deterioration of our Wages standards in America and taking advantage of Free Medical Services.

In the end our children will have minority status in our great country.

What would you think of your Father and Grand-Father had they left you in such a position?

Then at some point in our future you can bet one of those terrorist will walk a weapon-of-Mass-Destruction across our southern border and kill a million or more Americans.

The Question is not if this will happen? But when it will happen?

The bottom line is that the whole world wants America to stay in NAFTA and WTO because they all want some of those High paying America JOBS that our politicians are moving off shore to the cheapest wage country.

Everyone keeps saying; Harry why are you preaching Protectionism, that is what, caused the Great Depression back in 1930s.

I say to you; “That’s Absolute Bull S-H-I-T.”

You know when they tell a lie often enough it will in time become the truth.

They all say that because they either didn’t check the history of American Free Trade or they are benefiting in someway from NAFTA or WTO.

Yes, America did pull out of some International Trade Agreements by passing Smoot-Hawley Tariff Act passed into law on June 17, 1930. That’s exactly what I am suggesting we do right now.

The truth is it had absolutely nothing to do with causing The Great Depression.

Read this you will know exact how Smoot-Hawley Tariff Act, affected THE GREAT DEPRESSION:

Earlier today I visited the National Bureau of Economic Research’s Macro history Database. I clicked on Chapter 7 and then looked at the value of U.S. imports and the value of U.S. exports for each of the 120 months during the 1930s.

Turns out that for only 18 of the 120 months of that dreary decade did the United States run a trade deficit (that is, imported more, value-wise, than it exported). For each of the remaining 102 months of the decade of the 1930s the U.S. ran a trade surplus.

On an annual basis, the only year of the decade of the 1930s that the U.S. ran a trade deficit was 1936; in each of the other nine years the U.S. ran a trade surplus.

So, you see during the Great Depression American Trade Deficits was exactly the opposite in 1930s as they are right now.

This is nothing more than a 5th Grade mathematic problem.

America must pull out of NAFTA and the WTO to Survive. Here are the International Trade Balances for the year 2006. YOU FIGURE IT OUT FOR YOURSELF….

In 2006 America Exported $1,440 Billion Dollars worth of Jobs.

In 2006 America Imported $2,200 Billion Dollars worth of Jobs.

In 2006 America Imported $386 Billion Dollars of Crude Oil.

If America just stopped exporting everything in 2006 we would have LOST $ 1,440
Billion Dollars in Jobs.

America Imported ( $2,200 minus $386 (Oil Imports for 2006) = $1,814 Billion Dollars.

If America just stopped Importing all Manufactured Goods in 2006 we would have GAINED $ 1,814 Billion Dollars in Jobs.

The Question is: Would give up $1,440 Billion Dollars every year if you were guaranteed to receive $1,814 Billion Dollars in return?

That would be a Net Total Increase of $ 374 Billion Dollars of new Jobs created every year in America. These newly created JOBS would cost America absolutely nothing.

That is assuming America did not Export one penny worth of goods during 2006.

What’s the best way our politicians can create NEWS JOBS in America?

“STOP GIVING THEM TO CHINA”.

Look at all this bailout money our politicians are borrowing from China to Bailout all of their CFR buddies, the International Banksters and the Wall Street Gansters.

This is laughable and will only make things worse in the end. These bailouts will be a yearly advent and America will go farther and farther in debt to China.

The day America Pulls Out of NAFTA and the WTO, you will see all of our problems solved over night. All those International Manufactures will bust their A-S-S to bring back all those jobs they sent to China. Remember America has the Biggest and the wealthiest consumer Market in the whole world.

I am sure America will get a lot of flack for doing this. But, America must do this to SURVIVE or be totally destroyed.

Right now I believe there are anti-dumping measures recently in place and/or threats on Chinese tires, Vietnamese fish, Korean polyester, Austrian Red Bull (an energy drink)and Indian shrimps. You guys are welcome to complete this list if I've forgotten any.

It can't be because it will murder a possible resurgence in American auto manufacturing: the Detroit bailouts already took care of that.

It would be the same as staying with their old tires, just without the additional costs of buying unsafe goods.

Posted by: Arthor Bearing | Jul 1, 2009 10:42:04 AM

You mean a murderous Third World regime when you refer to China.

If [politician] accepts this recommendation, why will he have then have blood on his hands?

Because they favored China too much.

http://www.reuters.com/article/politicsNews/idUSTRE55H50G20090618?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

Quote: "The union said some 5,100 U.S. workers have lost jobs because of low-price Chinese tire imports, and another 3,000 jobs were at risk this year. The imports increased 215 percent in volume from 2004 to 2008, hitting 46 million tires worth $1.7 billion in 2008, the union said."

Sounds like the Chinese are out-competing the US companies. But instead of tightening their belts, rolling up their sleeves and offering lower prices to their customers, they are lobbying to hold captive people that want cheap tires. Maybe they need to be better? Maybe cheaper? Or maybe even close down? Who knows? The market is a process and we can't know what is the best way and best producer is unless it is left to be revealed by the market.

The end result of this protectionist stupidity is more economic stagnation as other countries will reciprocate in response to one country's idiotic trade policies. All this does is hold people hostage to politically connected industries. I agree with dave smith, the hardest hit will be the poor.

And in regards to sethstorm's remark: "You mean a murderous Third World regime when you refer to China." I say look in the mirror. China is a murderous regime? Contrast China to the US, which tortures people and is fighting three illegal and unjust trillion dollar wars in Iraq, Afghanistan and Pakistan. Last I checked, China doesn't regularly deploy its military in multiple countries thousands of miles away. China is far from perfect, but to act as if the US somehow a model of goodwill and peace is disingenuous.

I'll also point out that I was pleased to see two dissenting opinions until I got to their reasoning: "This is an industry in which the trend toward gradual downsizing appears likely to continue regardless of the commission's action today". D- gentlemen. See me after class.

Bob D was only partially right. The real reason Obama has blood on his hands is because he sacrifices a lamb everyday at noon.

First, what reliable, referenced data do you have showing Chinese-made tires to be inferior to those made in the United States or elsewhere?

Second, if such data exists, why not publicize that data and let people decide for themselves whether the potential savings from cheaper tires are worth the potential risk from less-safe tires?

I'd prefer letting each person judge for himself what is an acceptable cost/risk relationship rather than having the government — which is subject to pressure (and campaign cash) from unions, corporations, etc. — decide for us all?

Who needs data when you have broad-brush stereotypes?

Then for bonus points I'll say that the blood may also come from the workers in China being forced into lower-paying jobs with harsher conditions as a result of decreased sales and companies closing. Additionally if there are counter-tariff actions that will increase the prices of goods, it will likely end up on commodities which will hit the poor particularly hard.

As an aside, last night I actually heard someone on TV argue that the worst part of our consumerist society is that we have so many choices of things to buy *facepalm*

Odd that they're going after tires, though, instead of arguing for more steel-based construction or something like that. But I guess tires are a more even, consistent market. Skyscrapers don't wear out after 80,000 miles.

"This is an industry in which the trend toward gradual downsizing appears likely to continue regardless of the commission's action today," the two dissenters said in a statement. But they joined the majority in urging that the Obama administration provide aid to displaced tire workers under the U.S. Trade Adjustment Assistance program."

See there, gents, nothing to worry about. Even the dissenting members recognize that the trend in the tire industry is to downsize; so, in effect sometime in the near future tires will be so downsized that they cease to exist as a practical means of running an automobile on. My Honda will not get very good gas mileage on 5" tires, but what the hell, it beats walking.

Look on the bright side though, by the time tires become so downsized that they can't even fit on an auto axle, Obama and his administration will have the price of gas so high, you won't be able to crank your engine, much less drive somewhere.

and the beat goes on. Just looked at the Foreign Policy Magazine and there is the announcement that China is considering banning the import of American Chicken.

Trade war, lock and load!