Well it looks like rising protectionism during this slow down may end up taking over for a while now. Hopefully I'm wrong.

http://www.nytimes.com/2008/07/30/bu...0trade.html?hp

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"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"

China is dumping the U.S. market with loads of subsidized products - it is their primary method of operation.
U.S. in 2007 started placing tariffs on a FEW of these products, you know the kind of tariffs that China places on our NON-subsidized products, and this has created tension - to me it is yet another example of where our trade "partners" want America to play by the rules - but they do not.

I agree. Ending these subsidies is something I would want in a trade bill. I also think that high food prices have lead to possibly the best time for us to drop our farm subsidies as well. In the end I'm sure there are parts of a final agreement that I wouldn't like had it worked out but not getting anything after seven years seem almost tragic.

__________________
"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"

Again - we need a leader in this country...I'm serious.
We need someone who will speak out loud in front of cameras giving examples of unfair practices, hinting that maybe Americans would examine their buying choices if they knew just how unfair our "partners" are.

and when Chinese cars start hitting the market here watch out, GM will all but fold, or maybe be bought up.
tariff on Chinese autos already worked out by treaty- 2.5%, our cars shipped or made there- 21%.....we are in the hands of morons. ....

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No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

that bill passed 2 months ago, you can check the candidates sppt or non sptt., for such....it was in short, a travesty.

__________________
No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

Hey have you seen "The Republic" - a Ted Koppel 4 hour show?

Their goal is to have the cars in America by end of 2009...although I doubt that will happen...they failed (miserably) RUSSIA's safety standards!! SO I don't think there is even a ghost of a chance they will pass ours.

no but I'll google it for you tube view..thx...


hey Hyundai, was left for dead too, they learned their lesson, I would not buy one but they are selling again having take care of their quality control, the USSR was probably a test run. I hope you are right in the end but fear not.

__________________
No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

Koppel on Discovery : Program Highlights : Discovery Channel

It should be coming on again soon...

If a foreign government subsidizes its export, they more or less give a present to other countries.
Or to give an Illustration: The Sun subsidizes the product "sunlight" and dumbs the costs of daylight to zero.

Subsidies are a problem, but mainly to the country which gives them. Thus the Chinese should be the first to complain about this practice.

There are two main reasons for subsidies:

1. The group who owns the small number of enterprizes which benefit from subsidides is exactly the same group, who decides in the politics about subsidides.
2. The costs of Subsidizes are shared by many, while only a view benefit from them. That means, that Subsidizes are an efficient measure to become a small group of loyal voters, without alienate the rest.

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Government is the great fiction through which everybody endeavors to live at the expense of everybody else

Claude Frédéric Bastiat

Some, if not most of those cars will carry the brand names of Ford, GM, and VW. What China has done is control cost, and by controlling cost, it has allowed their economy, and ours, to grow in the 1990's.

As for Russia, anything and everything will fail as long as Putin and his gang are in power, but that is another topic for antoher day.