that was an easy lie to sell you guys wasn't it?
Not really how it works Henry. The industry lost jobs when they stopped digging holes and started tearing down mountains -that's efficiency for you. It's an industry with falling demand that can only recover if somebody is willing to stump up tens of billions of dollars to buy 30 year bonds to build thermal coal power stations. Removing some clean air regulations and letting them poison some streams again won't move that needle a jot.
The truth is that coal lost a competitive battle in the market place, and Obama had nothing much to do with it.
But you guys got sold a story about loyalty and you dropped all interest in free market capitalism without a murmer.
You're supposed to be an Austrian, how badly have you been fooling yourself? An actual free market capitalist would never write that last pair of sentences.henry quirk wrote: ↑Tue Jul 09, 2019 4:22 pm"punish companies that move their supply chain across borders"
Can't whiz on your own carpet and act surprised when your house smells like piss. Can't own a house, never pay the gas bill but expect the furnace kick on smooth in the winter. If X is an American company, it should 'be' an American company. If X chooses to act as foreign company, treat it as such.
We don't treat foreign companies differently, they're all just companies. It's not a story of flag carriers and domestic champions, it's supply and demand, and the best run company deserves to win irrespective of where it originates from.
But those are great arguments for demanding that the wealthy contribute to pay for schools that they don't actually send their own kids to and so on. So let's keep them handy for that.
You do understand that's a tax paid by Americans, not by the Chinese right? Never mind, that was rhetorical, it's beside the point that you are supporting a huge tax levied on Americans, at least its one way to moderate what will soon be a billion dollar federal deficit that you will somehow need to blame on Obama. The more important issue is that, whether you think it is desirable or not, this is protectionism not free trade. It's the state choosing winners not the market. It's distortion of supply chains, increasing of costs, it's a game of favoritism.
It's as I said, a traditional trade unionist demand that free trading capitalists oppose. Telling me why you agree with it doesn't change that at all, it just shows that you aren't quite the capitalist you sometimes make yourself out to be.
What counts as obviously skewed against America's interest? In any trade deal both sides reduce tariff and non-tariff barriers to market, it brings down prices for consumers on both sides and promotes trade flows. Again ... Austrian remember.