What tariffs? If there were tariffs, jobs and industries would not be going overseas. I live near railroad tracks that take carload after carload of products from China going east, which used to be manufactured in the United States. Because there is no protectionism, the American market is disappearing. No jobs, no industries and less agriculture means no disposable income to buy even the cheapest goods. But we still have inflation, and prices are going through the roof. Greed and stupidity rules. These idiots are pricing themselves out of what is left of their market. Low interest rates mean no savings, and no savings means you must speculate in order to put your money to work. Bubble economics is the the result. No savings also means no capital for business development. We are in the process of worldwide economic collapse because of "free trade " and "laissez-faire capitalism." Saving these various banks is not a plan, they are basically putting their finger in the dike to hold back the coming depression.
Sep 13 2008 - 3:29pm