Then what's the problem?
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Mon Apr 21, 2008 at 08:37:11 PM EST
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Are you serious? I mean, are you seriously that stupid?
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Re: Nice Try Though
Mon Apr 21, 2008 at 08:57:35 PM EST
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You said sales went up. I'm trying to understand the rest of your argument. If I sold tractors to Colombia I'd want tractor sale tariffs reduced, too. But guess what? I don't sell tractors to Colombia so my economic outlook could give a crap. Like I said, sales went up, why are you bitching? Sales are up but profits aren't up enough because of tariffs that have been in place as long as Caterpillar's been in business? Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. They've been around for 83 years. If they can't compete in a capitalist society without a change in the laws Right Now Wa Wa Wa, I really don't see why I should get out of bed for it.
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Tue Apr 22, 2008 at 09:34:02 AM EST
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I don't sell tractors to Colombia so my economic outlook could give a crap
Fair enough, but most Americans would prefer to see the US unemployment rate go down, not up.
Like I said, sales went up, why are you bitching?
Because sales could increase even more, thereby putting Americans back to work.
Sales are up but profits aren't up enough because of tariffs that have been in place as long as Caterpillar's been in business?
Caterpillar's profit margin is less than 8%, but that's not the point here. A 5% price advantage won't have much effect on the profit margin, but it would have an effect on volume, meaning more jobs for Americans. But since you don't care if other Americans are unemployed, I can understand why you are so fixated on profits.
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Re: Nice Try Though
Tue Apr 22, 2008 at 01:52:36 PM EST
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That's a large leap to assume that Caterpillar will pass those good times along to laborers. But still, you're correct in that I personally don't think it's all that imperative that the economy be "turned around" right now since unemployment rates remain amazingly low from an historical perspective and doing away with a generations old trade system seems like a rash answer.
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Tue Apr 22, 2008 at 02:20:21 PM EST
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That's a large leap to assume that Caterpillar will pass those good times along to laborers
Did you understand what I meant when I said that Caterpillar's profit margin won't be affected (at least not very much) by the additional sales? Do you think bulldozers make themselves? If not, how can caterpillar make more sales without passing along the benefit to workers. (I am assuming that Caterpillar's largest input is labor and the benefit of larger sales will fall mainly to workers rather than to investors - that's normally the case with manufacturing.)
...doing away with a generations old trade system seems like a rash answer
Opposing free trade for reasons of tradition seems like an odd position to take, but whatever.
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Re: Nice Try Though
Tue Apr 22, 2008 at 02:30:34 PM EST
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I'm not familiar enough with Caterpillar's production capacity to make that assumption. There are numerous ways a modern manufacturing outfit can increase its output without putting pressure on its labor costs.
Opposing free trade for reasons of tradition seems like an odd position to take, but whatever.
Yes, the ability of the American economic system to bring greater prosperity to workers than any other system on earth since WWII is nothing but a silly tradition that needs to be dispensed with immediately in the name of globalization.
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Wed Apr 23, 2008 at 11:25:31 AM EST
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There are numerous ways a modern manufacturing outfit can increase its output without putting pressure on its labor costs
Not in the short term there aren't. If Caterpillar got additional orders from Colombia this year they'd have to run their assembly lines longer, meaning overtime pay or new hiring.
Yes, the ability of the American economic system to bring greater prosperity to workers than any other system on earth since WWII is nothing but a silly tradition that needs to be dispensed with immediately in the name of globalization
Please explain how tariffs in foreign countries contributed to American prosperity.
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Re: Nice Try Though
Wed Apr 23, 2008 at 01:29:37 PM EST
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Not in the short term there aren't. If Caterpillar got additional orders from Colombia this year they'd have to run their assembly lines longer, meaning overtime pay or new hiring.
Once again, that's a vastly broad assumption. You have no idea whether or not every American company that would benefit from a free trade agreement with Colombia is operating at full production capacity.
Please explain how tariffs in foreign countries contributed to American prosperity.
Why? Because trade agreements only go one direction in your myopic world view?
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Wed Apr 23, 2008 at 01:44:44 PM EST
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Why? Because trade agreements only go one direction in your myopic world view?
Do you know what caused the Great Depression?
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Re: Nice Try Though
Wed Apr 23, 2008 at 01:49:49 PM EST
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No, I have no idea. Why don't you enlighten me.
It is easy to buy small plaster models of what you think life is like.
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Re: Nice Try Though
Wed Apr 23, 2008 at 01:51:57 PM EST
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Re: Nice Try Though
Wed Apr 23, 2008 at 02:01:33 PM EST
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I'll ask you the same question you asked me: what does that have to do with tariffs imposed by foreign countries?
It is easy to buy small plaster models of what you think life is like.
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Re: Very Easy to Understand
Wed Apr 23, 2008 at 06:30:31 PM EST
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- Increasing tariffs is bad for the economies affected.
- Decreasing tariffs is good for the economies affected.
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Re: Very Easy to Understand
Wed Apr 23, 2008 at 07:08:20 PM EST
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So, this is Columbia's tariff not ours...and we're asking them to take down the tariff. Ok, what does Columbia get from this?
I can't argue with your logic...but I can recommend a good therapist
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Re: Very Easy to Understand
Wed Apr 23, 2008 at 07:19:29 PM EST
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As blanket statements, you're simply wrong. Only the most liberalized economic thinkers would subscribe to such a broad brush analysis of world markets and there are very, very few economists who hold such an extreme view, let alone politicians--be they Democrats or Republicans.
It is easy to buy small plaster models of what you think life is like.
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Re: Very Easy to Understand
Fri Apr 25, 2008 at 08:17:01 AM EST
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As blanket statements, you're simply wrong. Only the most liberalized economic thinkers would subscribe to such a broad brush analysis of world markets and there are very, very few economists who hold such an extreme view
I have no idea why you are so poorly informed about
economic theory:
The literature analysing the economics of free trade is extremely rich with extensive work having been done on the theoretical and empirical effects. Though it creates winners and losers, the broad consensus among members of the economics profession in the U.S. is that free trade is a large and unambiguous net gain for society. In a 2006 survey of American economists (83 responders), "87.5% agree that the U.S. should eliminate remaining tariffs and other barriers to trade" and "90.1% disagree with the suggestion that the U.S. should restrict employers from outsourcing work to foreign countries." Quoting Harvard economics professor N. Gregory Mankiw, "Few propositions command as much consensus among professional economists as that open world trade increases economic growth and raises living standards."
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Re: Very Easy to Understand
Fri Apr 25, 2008 at 12:46:42 PM EST
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Too bad you misquoted that entire page and also left out the part about, "This neoclassical trade theory focuses on one dimension, i.e., the price at which a commodity can be delivered and is extremely narrow in cutting off a large number of other considerations about impacts on employment in different parts of the world, about environmental impacts and on culture."
It is easy to buy small plaster models of what you think life is like.
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Re: Very Easy to Understand
Fri Apr 25, 2008 at 02:38:16 PM EST
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That was not a misquote, and the part you cited is the opinion of one economist who dissents from what is clearly the majority view.
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Re: Very Easy to Understand
Fri Apr 25, 2008 at 02:48:21 PM EST
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I think the "Neutrality of this article is disputed" tag at the top of the page says all that needs to be said about the wikiality of your myopic view. Please take the time to respond to this post so that you can get the last word in.
It is easy to buy small plaster models of what you think life is like.
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Re: Very Easy to Understand
Fri Apr 25, 2008 at 02:51:18 PM EST
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Please take the time to respond to this post so that you can get the last word in
No.
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Re: Very Easy to Understand
Sat Apr 26, 2008 at 10:40:07 AM EST
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Why not?
I can't argue with your logic...but I can recommend a good therapist