More to Watch, November 4, 2005

In addition to the Governor's mad scramble to defend himself against valid criticism that will soon come his way on the health insurance front (remember this when you look at your insurance premium this quarter), there are other matters of importance.

-- George Bush meets with leaders of Central and South American nations today, to push for free markets, ie, low tariffs and fewer subsidies for certain industries. Unfortunately, people like Hugo "Jimmy Carter okayed my corrupt election" Chavez, and Argentinian Labor leader Juan Gonzalez don't like freedom. According to Gonzalez, free trade (which would allow MORE of his nation's products to be purchased by Americans -- Ye Gods, freedom!) would simply harm his people, and allow America to take advantage of them even MORE! There is no rationale for government to interfere in trade. Tariffs retard economic growth. Study after study has shown that tariffs designed to help protect specific politically tied companies from foreign competition actually harm consumers to the tune of approximately eight times as much. This is capital that would otherwise be available to start up new, more productive companies in the home nation, allowing for dynamic economic growth. We see the specific company that may be helped by the tariff against a foriegn competitor's goods, but we do not see the multitudinous individuals who could be allowed to spend their free capital in new ways, and the businesses that would start up because of them. The bottom line, if we are not allowed to run our own lives when we purchase products, how can we possibly think that politicians elected by a slim majority or plurality of those voting can not only make decisions for ourselves, but for our neighbors? The arrogance of it is breathtaking.

-- Note, there is a vote due today in the House of representatives in DC to "cut" $50 billion in spending in order to offset about 1/4 of the emergency spending being sent to Louisiana. One important item that could be finally revoked is the "Byrd Amendment", which charges tariffs against foreign goods, and then hands out the money collected to those very US companies that are receiving the protection, and forcing American consumers to pay more for the goods. Cross your fingers that the former Klansman sees his law go down in flames.

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CedricDashwood
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Posted on: May 26, 2015 - 2:08am #1

I have become so pessimistic that these days I’d even choose the truth over friendship. - Reba Rambo-McGuire