nighttrain20 said:
chanoo552 said:
You've got to be kidding me. How is the US structurely different from the 1980s? Why would tariffs be bad back then, but good all of a sudden now? I'm not doubting the existence of your God or calling your mom a whore, i'm just telling you that your beliefs on economic policy are wrong. Why is that so hard to accept after looking at such blatantly obvious evidence?
Most of these tariffs/quotas have been drastically reduced or eliminated. How can I find you a more recent example of the deadweight loss caused by import quotas on japanese cars when they don't exist anymore? If you want a more recent example of the deadweight loss caused by imports, there is a bunch of information about the horrors of the steel tariffs.nighttrain20 said:
Its funny reading all of these posts about the customers of Walmart....funny stuff..................we all equate $$ to the kind of person that shops in a particular store or area.
But we should ALL want to be the kind of buisness person the Sam Walton was....this guy was as trailer trash as most that shopped in his store. But he created a monster that is WalMart. Walton's management style was popular with employees and he founded some of the basic concepts of management that are still in use today. By the 1980s, Wal-Mart had sales of over one billion dollars and over three hundred stores across North America. Wal-Mart's unique decentralized distribution system, also Walton's idea, created the edge needed to further spur growth in the 1980s amidst growing complaints that the "superstore" was squelching smaller, traditional Mom and Pop stores. By 1991, Wal-Mart was the largest U.S. retailer with 1,700 stores.
Those "Trailer Park Trash" customers have more disposable income to spend than the average guy that makes 50-75k a year because that TPT is not mired in debt because TPT (Trailer Park Trash) has no credit card payments every month and pays Cash or check for everything he buys....JMO
But we should ALL want to be the kind of buisness person the Sam Walton was....this guy was as trailer trash as most that shopped in his store. But he created a monster that is WalMart. Walton's management style was popular with employees and he founded some of the basic concepts of management that are still in use today. By the 1980s, Wal-Mart had sales of over one billion dollars and over three hundred stores across North America. Wal-Mart's unique decentralized distribution system, also Walton's idea, created the edge needed to further spur growth in the 1980s amidst growing complaints that the "superstore" was squelching smaller, traditional Mom and Pop stores. By 1991, Wal-Mart was the largest U.S. retailer with 1,700 stores.
Those "Trailer Park Trash" customers have more disposable income to spend than the average guy that makes 50-75k a year because that TPT is not mired in debt because TPT (Trailer Park Trash) has no credit card payments every month and pays Cash or check for everything he buys....JMO
"Levistep"...........You need to start living in the real world & move out of your moms house.
“U.S. Congress, Considering Various Counter-measures Against Imbalance in U.S.-Korea Auto Trade”
Interview with Assistant Secretary of Commerce William Lash
Chosun Ilbo, By Kang Hyo-sang
April 5, 2002
William Lash, U.S. Assistant Secretary of Commerce, visited Korea on the 4th and met with officials in the Commerce, Industry and Energy, Foreign Affairs and Trade, Information and Communications, and Health and Welfare Ministries to discuss recent trade issues between the U.S. and the ROK. In an interview with the Chosun Ilbo, Assistant Secretary Lash said, “the U.S. Congress is considering various countermeasures against the auto trade imbalance between the U.S. and Korea.”
-What is currently the biggest trade issue between the U.S. and Korea?
“The worst trade imbalance between the U.S. and Korea lies in the automobile export sector. Korean carmakers sold a total of 600,000 units in the U.S. last year, in comparison to a meager 2,000 sold by the U.S. automakers in Korea. This is even less than the number sold before the MOU on automobile was signed between the two countries. Also, Korea levies a much higher customs rate (8%) on American cars than the rate levied by the U.S. on Korean-made cars (2.5%). There are also those who say that several government agencies are launching patriotic campaigns.”
-From Korea’s perspective, the recent decision made by the U.S. to levy high tariff on steel imports is unjust.
“The safeguard measure was taken within the framework of the World Trade Organization’s trade policies and will be in force only temporarily. We must take note that the U.S. has exempted 1 million tons of Korean steel exports from this retaliatory measure. The U.S. government will continue to exert efforts to resolve the global over-capacity problem in the steel industry.”
- What about claims that the safeguard decision was driven by domestic politics in the U.S.?
“That claim is groundless. For the past year, we have continued to discuss ways to solve the global overcapacity problem. President Bush has exercised leadership and restraint in this matter.”
- Did you propose a specific auto tariff rate to the Korean government?
“No, I did not propose a specific number. Ideally, 0% would be good, but we would be satisfied with 2.5%. However, as it is, Korea’s rate is 3 times that of the U.S. After counting in other taxes, American cars sold in the Korean market carry a price tag about 20% higher than Korean cars in the U.S. This makes it difficult to sell U.S. products in the ROK. In Korea, the demand and interest for U.S.-made cars have been running high, but consumers’ general mindset toward imported brands is a negative one. I even heard that at times, those who purchase imported cars receive audit inspections.”
- If Korea’s efforts are found to be insufficient, what steps do you plan to take?
“The Bush Administration is working on the issue, and we will continue to discuss it with our trading partners through the APEC and other regional forums. However, the Congress is less patient. As I know, it is currently considering various bills against the auto trade imbalance between Korea and the U.S.”
- How do you see the negotiation process between Micron and Hynix Semiconductors?
“The fact that it is being resolved through market principles is a major development.”
- It doesn’t seem to make sense: Korean creditors are not allowed to fund Hynix, but Micron can request capital support from Korean creditors?
“Most Korean banks are government-owned. The subsidy for Hynix was part of the Korean government’s industrial policy. What Micron wants is for Hynix to clean up its poor financial statements, which have been aggravated by years of government subsidies, and to be given a fair chance.” By Kang Hyo-sang (translation by the U.S. Embassy - Seoul)
http://www.aflcio.org/corporatewatch/walmart/walmart_5.cfm
Hey! Maybe some day Wal-Mart will sell "homes" and you can get yourself a double wide to park across the street from your parents with your "Kia" love van parked in the drive.
Get a life pal..........
“U.S. Congress, Considering Various Counter-measures Against Imbalance in U.S.-Korea Auto Trade”
Interview with Assistant Secretary of Commerce William Lash
Chosun Ilbo, By Kang Hyo-sang
April 5, 2002
William Lash, U.S. Assistant Secretary of Commerce, visited Korea on the 4th and met with officials in the Commerce, Industry and Energy, Foreign Affairs and Trade, Information and Communications, and Health and Welfare Ministries to discuss recent trade issues between the U.S. and the ROK. In an interview with the Chosun Ilbo, Assistant Secretary Lash said, “the U.S. Congress is considering various countermeasures against the auto trade imbalance between the U.S. and Korea.”
-What is currently the biggest trade issue between the U.S. and Korea?
“The worst trade imbalance between the U.S. and Korea lies in the automobile export sector. Korean carmakers sold a total of 600,000 units in the U.S. last year, in comparison to a meager 2,000 sold by the U.S. automakers in Korea. This is even less than the number sold before the MOU on automobile was signed between the two countries. Also, Korea levies a much higher customs rate (8%) on American cars than the rate levied by the U.S. on Korean-made cars (2.5%). There are also those who say that several government agencies are launching patriotic campaigns.”
-From Korea’s perspective, the recent decision made by the U.S. to levy high tariff on steel imports is unjust.
“The safeguard measure was taken within the framework of the World Trade Organization’s trade policies and will be in force only temporarily. We must take note that the U.S. has exempted 1 million tons of Korean steel exports from this retaliatory measure. The U.S. government will continue to exert efforts to resolve the global over-capacity problem in the steel industry.”
- What about claims that the safeguard decision was driven by domestic politics in the U.S.?
“That claim is groundless. For the past year, we have continued to discuss ways to solve the global overcapacity problem. President Bush has exercised leadership and restraint in this matter.”
- Did you propose a specific auto tariff rate to the Korean government?
“No, I did not propose a specific number. Ideally, 0% would be good, but we would be satisfied with 2.5%. However, as it is, Korea’s rate is 3 times that of the U.S. After counting in other taxes, American cars sold in the Korean market carry a price tag about 20% higher than Korean cars in the U.S. This makes it difficult to sell U.S. products in the ROK. In Korea, the demand and interest for U.S.-made cars have been running high, but consumers’ general mindset toward imported brands is a negative one. I even heard that at times, those who purchase imported cars receive audit inspections.”
- If Korea’s efforts are found to be insufficient, what steps do you plan to take?
“The Bush Administration is working on the issue, and we will continue to discuss it with our trading partners through the APEC and other regional forums. However, the Congress is less patient. As I know, it is currently considering various bills against the auto trade imbalance between Korea and the U.S.”
- How do you see the negotiation process between Micron and Hynix Semiconductors?
“The fact that it is being resolved through market principles is a major development.”
- It doesn’t seem to make sense: Korean creditors are not allowed to fund Hynix, but Micron can request capital support from Korean creditors?
“Most Korean banks are government-owned. The subsidy for Hynix was part of the Korean government’s industrial policy. What Micron wants is for Hynix to clean up its poor financial statements, which have been aggravated by years of government subsidies, and to be given a fair chance.” By Kang Hyo-sang (translation by the U.S. Embassy - Seoul)
http://www.aflcio.org/corporatewatch/walmart/walmart_5.cfm
Hey! Maybe some day Wal-Mart will sell "homes" and you can get yourself a double wide to park across the street from your parents with your "Kia" love van parked in the drive.
Get a life pal..........
You are following the typical pattern of someone losing an argument. I still don't understand why you won't face the obvious facts. Rather than acknowledge, or debate, the data that I provided showing that protectionism is -EV, you respond with ad hominems and diversions.nighttrain20 said:
I'm firmly grounded in the real world, where protectionism results in a deadweight loss of $727k/year for each automaker's job saved. It's a nice place, maybe you should open your eyes.
levistep said:
Wow........I've addressed your 10+ year old article including the steel tarrifs but apparently you can not read well ,or refuse to read more than a sentance or two. ...........If you still feel that way fine I guess you win there's no debating with someone as far left as you are. No matter what is posted you will spout rederic without current backup. But before I conciede this waste of time argument, I would like to ask you (or maybe you could ask your parents, you may be to young) is your state government better off in 2006 than it was in 1996. Because of where you live (2 of the top 10 employers in your state are defense contractors.) It may not be as bad.
This is exactly why we can't have any laws abridging free trade. The people who are hurt by free trade of automobiles are the workers and the local communities (You, Nighttrain, therightside, etc) surrounding the factories in Michigan. They can't lobby fast enough to try and ban the yellowman's car. Although they are hurt, every other person in the US and the world benefits. If you look at the study I provided, although we may save 10k factory working jobs @ $50k/year, the workers are so damn inefficient that their true cost to employ them is $720k/year. Hundreds of millions of consumers have to pay this cost to save those few 10k jobs.FairWarning said:
Imagine if every sector of the economy tried to do this? Pittsburgh would lobby to ban all foreign steel, Nebraska would lobby to ban all agricultural imports, etc. We tried this before, look up the Smoot Hawley Tariff Act and the world depression that it exacerbated.
Two + Two = Four yesterday, today, tomorrow, forever. The effects caused by restrictions on free trade follow the same pattern. Why would they be any different?nighttrain20 said:
Reading back a few posts, all you've done is claimed that we are losing factory jobs, and we have a trade imbalance. You claim both are bad, but you never came up with any hard evidence or logic for why.nighttrain20 said:
I responded by posting hard evidence showing that quotas on japanese imports resulted in a huge deadweight loss. The only response you could muster was to claim that the study was too old. You were the one who took the affirmative stance, so that puts the burden of proof on you. Not only did you not provide any evidence, you couldn't even rebut the evidence I provided.
Libertarian, not left.nighttrain20 said:
nighttrain20 said:
Very interesting video clips. I for one find it disturbing to watch the video's. Free trade? US sends 3 billion in raw materials to China. China sends 36 billion in products to US. Wonder why we have a trade deficit. Walmart fights with the chinese, testifies to fight for jobs in China. China dumping high end tv's. to force American based companys to close. It seems the only people that benefit are retailers and China.
