03-14-2018, 06:10 PM
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#103
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by reckless
btw, I did provide some facts -- the ones that are true and a result of all this 'free' trade you espouse. W. Bush destroying the US economy led the way for Barack Obama -- and Bush's own steel tariff was not the reason for the destruction W. caused. Keep hitching your wagon to Pappy and W. Bush and see how far that gets you in the credibility game.
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I believe in the current lingo, those are referred to as false facts.
Quote:
The result of Bush's tariffs was a $30 million hit to the economy, according to a lengthy government report from the U.S. International Trade Commission in 2003. Studies by outside groups conclude that the United States lost jobs because of the move: The employment gains in factories that make raw steel were outweighed by job losses in other industries, especially at companies that take raw steel and make it into parts for cars and appliances. To put it another way, it cost about $400,000 per job saved in the steel industry, according to an estimate by the Peterson Institute for International Economics.
There were 200,000 job losses from Bush's steel tariffs, according to a study by the Trade Partnership, a consulting firm that was paid to do the research by the industries that use steel and were hurt the most by the tariff.
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https://www.washingtonpost.com/news/...=.7b999e7e8744
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