General Discussion
Showing Original Post only (View all)Tariffs were very strong American worker wage protection, HENCE corporations hate tariffs. [View all]
Our government was once able to use tariffs to level the playing and paying field regarding cheap imports from low wage countries. We did so in part to protect American wages and to keep American wages and US made goods competitive vs low wage made goods. Tariffs were also an American economy protector.
Throughout the 90's and into the 2000's, we all but ended tariffs as part of NAFTA, WTO, most favorable nation status etc.
Tariffs also helped fund our govt. We used tariffs to fund govt going back to the Revolutionary War.
Under Bill Clinton..
From 1998-2000, America balanced its budget and ran annual budget surpluses. We were actually paying down our national debt. A first since Ray-gun destroyed our budgetary process and wrecked fiscal responsibility in 1981.
Bill Clinton also shares blame in the debt game. NAFTA began the process of slowly removing tariffs from trade with nations negotiated into the trade pact, Canada and Mexico. Since then, free trade and most favorable nation status has expanded near globally already and our leaders are now pushing to make it global. Tariffs are becoming a thing of the past.
And America is going bankrupt in large part.
Under Bush, after ending tariffs, America slid back into record annual deficit spending, exploding national debt, and the return of fiscal recklessness. Also caused by Bush's 2001 and '03 tax cuts that were reckless giveaways to the wealthiest. Unfunded wars and an unfunded Medicare drug benefit that only benefited big pharma also contributed to soaring deficits.
Bush gave tax incentive to corporations to move jobs to China and thus 'create' jobs in China, as part of the 2001 tax cut law.
Tariffs would make said laws moot. There'd be no ultra-cheap junk imported from China if tariffs were imposed on said imports. American made products could compete with low wage nations, once again if we re-imposed tariffs.
We can work toward a balanced budget with the revenues generated from re-imposing tariffs. We can restore jobs and protect our wages and our job security by re-imposing tariffs.
Ending tariffs is a corporate wage-busting tool meant to drive down wages and exploit low-wage workers for maximum corporate profits.
While we starve and our nation dies.
More proof that multi-national corporations are the #1 threat to America and our sovereignty. Moreso than any terrorist org.
Terrorists wish they could harm America the way that corporations have.