All tariff's do is create economic distortions in a home market. Many emerging
market countries use tariff's as a means of protecting new developed
capabilities. When tariff's are not removed those industries get lazy and
inefficient. The cost of additional tariff's in the USA would be higher
inflation, even less competitive products in global markets and a lower
standard of living.
The problems we are having today is that we can not compete with China in
unskilled or semi- skilled labor. The only long term solution is a complete
change in our education approach. It is a shame that we have some of the best
universities in the world but some of the worst average achievement from our
students on international testing.
We still lead the world in many research areas but our advantage is dwindling.
We keep on shrinking our research and scientific budgets while Asian countries
are increasing them. You do not have to be a rocket scientist to know that if
you do not make an investment you will not get a return.
Quality control came to Japan from an American, I think his name was Demming or
something like that. His ideas were rejected by American manufacturers.
Enough said.
Steve
Sent from my Verizon Wireless BlackBerry
-----Original Message-----
From: WFO Herb <froggi60@gmail.com>
Sender: spridgets-bounces@autox.team.net
Date: Tue, 18 Jan 2011 13:47:32
To: David Lieb<72spridget@gmail.com>
Cc: Spridgets<spridgets@autox.team.net>
Subject: Re: [Spridgets] 20 % Tariff
IMHO, tariffs were needed starting years ago.
Most of our consumptive-people here in the United States don't realize that
most all the newer, state-of-the-art, latest technology being used today to
produce what we purchase is not located in the USA. How long will it take
us to 'changeover' when the hammer falls and they 'cut us off'?
Sad....
Herb
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