candycorn
Diamond Member
Informative OP, in that for me the linked article confirmed that Pat Buchanan was still alive.
I agree with Buchanan's assessment of Joe Biden, the Democratic field and his assessment of free trade. My disappointment in the article was the lack of opinion whether tariffs are our best weapon? I don't have faith in tariffs. I did have hope that the corporate tax cuts would help bring industry home but I now admit I was mistaken there. Looking back I wish they had taken a bigger carrot and stick approach in terms of separate corporate tax rates for profits on domestic and imported goods.
Clearly tariffs are not working. Hence the slowing economy, the bailouts, and the uncertainty.
As long as we have the employer based healthcare….industry is going to suffer and so are worker’s wages as employers pass that cost along to the employee. I’ve never quite understood why the health/life insurance is part of your employment package and car, house, boat, windstorm, etc… insurance is not. US Domestic firms are forever handicapped by having to offer things that foreign competitors do not. It can be mitigated via passing it along to employees but in this hyper competitive global economy (and we cannot just disavow that it exists)…any edge you can get means lower prices which is all most consumers care about.