The troubled trade deal with South Korea

Posted by SimpleTrades on August 04, 2012 (04:02PM)

"In three days in Seoul, as the video accompanying this column shows, I found very few American-made cars. Three, on a showroom floor, were Toyotas built in Ohio. On the streets, I counted a half dozen Chrysler vans, a similar number of Ford sedans and one Jeep but not a single American luxury car. I also saw a smattering of cars with Chevrolet nameplates, but they were built locally by the old Daewoo, now called GM Korea...

In Seoul, local people told me that buying an American-made car risked opprobrium from employers and neighbors."

http://blogs.reuters.com/david-cay-johnston/2012/07/31/the-troubled-trade-deal-with-south-korea/

Posted by incubus on August 04, 2012 (04:15PM)

Sounds a lot like Toyota here in the U.S. in the 1970's, driving one was often met with wisecracks for not buying American.

Posted by Patches O'Houlihan on August 04, 2012 (08:19PM)

Didn't read the whole thing, as I'm loathe to read anti free trade claptrap, suffice to say South Koreans should be free to choose what they want to buy or not buy, as should Americans.  Stifling trade between South Korean and American citizens will do nothing but hurt each other.  Since the only way to pay for imports is to export, it's time to stop worrying about the old trade deficit bugaboo and start worrying about things that really matter, like say government spending.  And if one wants to lose sleep over the trade deficit bugaboo, worry about what happens if your trading partner in a foreign nation turns up his nose at that funnier money by the minute Uncle Sammy greenback you hand over.... then it will be time to worry.  A lot.

Posted by incubus on August 04, 2012 (09:44PM)

All roads lead to "Big government spending", there are no other topics, problems or solutions.

Posted by Patches O'Houlihan on August 04, 2012 (10:54PM)

Your ability to miss the point is unmatched, at least around here. 

But since you're a wizard in your own mind and with whom I trade for mutual benefit is apparently the business of countless numbers of apparatchiks like yourself,  give me a list of those with whom I should not trade.  Because, apparently, individuals trading with each other for mutual benefit is a bad idea that's holding all of us back economically.  So I'd like to help, but I don't know how.  If I go out there and keep trading for my own benefit, I will certainly run afoul of the anointed class.

Posted by incubus on August 05, 2012 (12:12AM)

It has nothing to do with my inability, it's all big government's fault!

Posted by Patches O'Houlihan on August 06, 2012 (12:27PM)

So shall I take it someone must "do something!" about that awful free trade that makes us so prosperous, but you can't name anything specific?

Posted by incubus on August 06, 2012 (01:42PM)

Makes a very small segment of the population prosperous, which creates the appearance of "wealth creation" for the whole, meanwhile Einsteins like you insist that continued lower income taxes for that group will somehow induce demand.
.
Romney get's to pay 5%, and somehow Gramma magically has more buying power even after we cut her Medicare to offset Romney's tax cut!

You do realize this is now recognized as our biggest economic problem right now - demand in the face of deleveraging, right?

Hint: It's what Schiller's talking about in another recent thread.

Posted by Patches O'Houlihan on August 06, 2012 (02:30PM)

It never makes me happy to read someone who thinks they're writing something relevant when it's just the standard old politics of envy. 

Any specifics?  You're smarter than the population at large.  Surely you can rattle off a few dozen free trade bugaboos where if we just stopped free people from trading we would create prosperity.  Can't you even serve up a tariff or something?  The Reuters guy did his extensive analysis and declared there's flat out not enough Chevys on the road on Seoul.  Tariff on Hyundais the answer?  That's what I'm looking for, stuff like that.  I'm so stupid I say let free people trade for their mutual benefit.  I'm starving for enlightenment. 

Posted by incubus on August 06, 2012 (02:52PM)

Patches O'Houlihan said: It never makes me happy to read someone who thinks they're writing something relevant when it's just the standard old politics of envy. 

Any specifics?  You're smarter than the population at large.  Surely you can rattle off a few dozen free trade bugaboos where if we just stopped free people from trading we would create prosperity.  Can't you even serve up a tariff or something?  The Reuters guy did his extensive analysis and declared there's flat out not enough Chevys on the road on Seoul.  Tariff on Hyundais the answer?  That's what I'm looking for, stuff like that.  I'm so stupid I say let free people trade for their mutual benefit.  I'm starving for enlightenment. 

 NAFTA 

Absolutely no debate on the last.



Posted by Patches O'Houlihan on August 08, 2012 (01:27PM)

incubus said:

Patches O'Houlihan said: It never makes me happy to read someone who thinks they're writing something relevant when it's just the standard old politics of envy. 

Any specifics?  You're smarter than the population at large.  Surely you can rattle off a few dozen free trade bugaboos where if we just stopped free people from trading we would create prosperity.  Can't you even serve up a tariff or something?  The Reuters guy did his extensive analysis and declared there's flat out not enough Chevys on the road on Seoul.  Tariff on Hyundais the answer?  That's what I'm looking for, stuff like that.  I'm so stupid I say let free people trade for their mutual benefit.  I'm starving for enlightenment. 

 NAFTA 

Absolutely no debate on the last.



 "Absolutely no debate", eh Barack?  Oops I mean Incubus?  Well, no, just like everything leftists hold true with "everyone agrees", "no debate", etc. there's lots of debate.  Since NAFTA all measures say it's been a winner for consumers and workers in the United States.  How very "Libertarian" of you to demand politicians restrict another man trading for his benefit so that you get what you want.  Sounds like "bribed control" to me.  That's what it's really all about.  Here's a great primer on free trade for you:  I can help much more with you getting over your "no debate" projection exercise, if you'd like.

http://www.cato.org/publications/commentary/free-trade-101-members-congress

Posted by incubus on August 08, 2012 (01:31PM)


"blah, blah...leftists...blah, blah, blah...leftists...blah, blah, blah"

Posted by Patches O'Houlihan on August 08, 2012 (01:37PM)

Back to stalking and the "blah blahs".

Victory is sweet.

Posted by incubus on August 08, 2012 (01:42PM)

incubus said:
"blah, blah...leftists...blah, blah, blah...leftists...blah, blah, blah"

 

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