[ASI] The Swamp Drinks Bourbon

March 3rd, 2018 at 1:14 pm EST
   
Cliff Kincaid
President.
America's Survival, Inc.
www.usasurvival.org
www.noglobaltaxes.org
www.religiousleftexposed.com
www.sorosfiles.com
www.leninandsharia.com



Dear Friend of America’s Survival:

If we can’t succeed in punishing Communist China for its economic warfare against our nation, we are finished. I’m frustrated that too many conservatives don’t understand the stakes. Or else they’re on the payroll of Koch.

I have posted a classic 1974 Foreign Affairs article on the globalism that got us into this mess. Richard Gardner’s “The Hard Road to World Order” outlined the thinking behind multilateral institutions that looted the United States and continue to do so. It’s no wonder the International Monetary Fund has attacked President Trump’s proposal for tariffs on imported steel and aluminum critical to our industrial base.

I have also posted the lengthy reports of investigations conducted by the Department of Commerce on how other countries, led by Communist China, have ripped us off in trade. Please take the time to understand the case being made by Commerce Secretary Wilbur Ross in the Steel and Aluminum 232 Reports. Our national defense depends on these industries. Here are some findings from the steel report:

  • The United States is the world’s largest importer of steel. Our imports are nearly four times our exports.
  • Six basic oxygen furnaces and four electric furnaces have closed since 2000 and employment has dropped by 35% since 1998.
  • The recent global excess capacity is 700 million tons, almost 7 times the annual total of U.S. steel consumption. China is by far the largest producer and exporter of steel, and the largest source of excess steel capacity. Their excess capacity alone exceeds the total U.S. steel-making capacity.
  • On an average month, China produces nearly as much steel as the U.S. does in a year. For certain types of steel, such as for electrical transformers, only one U.S. producer remains.

The history of tariffs needs to be acknowledged. As the late conservative thinker Howard Phillips noted,

Tariffs (customs, duties, and fees collected) once constituted the principal source of federal revenue. Indeed, before the 16th Amendment was ratified in 1913, establishing a Federal income tax, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. 

Those tariffs were also designed to protect American industries that were critical to making the U.S. into an economic superpower.

White House trade adviser Peter Navarro produced a film, “Death by China,” that you can see for free at YouTube. Watch it here.

You will hear much to the contrary from the Heritage Foundation and the libertarian Koch Brothers, who do trade deals with China and Russia in sensitive areas such as telecommunications and oil and gas. You can understand their brand of libertarianism by consulting our 48-page report on their political activities that can be found here.  These people have their fingerprints all over the “conservative” movement.

This is one of the most critical issues of our time. This separates the men from the boys in terms of the conservatives who want to save our nation versus those who (perhaps unwittingly) bow to the Karl Marx-supported version of revolutionary “global free trade.”

Politically, Trump’s victory was because of the workers in the key Rust Belt states. He is now acting on their behalf. At the same time, he is acting on behalf of the industries that are key to our national defense effort.

Other nations say they will put their own tariffs on Kentucky Bourbon and bluejeans in response. Really? This is the cost of restoring our status as an economic superpower and saving some jobs?

Bring it on.

Send me your thoughts at Kincaid@comcast.net


Sincerely,


Cliff Kincaid, President

 

 

 

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