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  • Protectionism

    Obama just passed a protectionism bill protecting the tire companies from foreign competition. Art Carden explains how the Law of Comparative Advantage makes this a bad idea that may help the tire makers but hurts Americans in general:

    http://mises.org/story/3744

    The salutary effects of trade are sometimes hard to see, but they are very real and very important. By embracing protectionism, President Obama has adopted a policy that works against his supposed concern for Americans' well-being by reducing innovation, destroying wealth, perverting incentives, and encouraging destructive nationalism. Protectionism gives politicians an opportunity to appease special interests, but we're all worse off for it.
    http://en.wikipedia.org/wiki/Comparative_advantage
    Dude, seriously, WHAT handkerchief?

    snooggums' density principal: "The more dense a population, the more dense a population."

    Iliana: "You're a great friend but if we're ever chased by zombies I'm tripping you."

  • #2
    Re: Protectionism

    Congress passed, Obama signed.

    Protectionism is bad but it's not necessary to pin it all out on one person unless that person initiated the bill or the part that is being questioned.
    |TG-6th|Snooggums

    Just because everyone does something does not mean that it is right to do.

    Comment


    • #3
      Re: Protectionism

      True, there's plenty of blame to spread around. Congress sets it up and Obama fails to veto it.

      China isn't happy about this tariff, since it targets them:

      http://www.weeklystandard.com/Conten...6/959ypaav.asp

      I finally found the raw announcement:

      http://www.ustr.gov/about-us/press-o...enforcement-pl

      Apparently this is a pure Administration move, using the FTC to implement an Executive directive.

      Here's an article claiming that the tariffs will lose jobs in Oregon in the tire import and maintenance trades:

      http://www.oregonlive.com/opinion/in...der_could.html
      Dude, seriously, WHAT handkerchief?

      snooggums' density principal: "The more dense a population, the more dense a population."

      Iliana: "You're a great friend but if we're ever chased by zombies I'm tripping you."

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