Who loved free trade, Abe Lincoln or Karl Marx? Exclusive: Roger Simmermaker's Part 2 of how the practice is ruining America 2016.07.24
I received more than a few emails after my recent article “How Free Trade is Ruining America” basically asking “Okay, I get it … free trade is bad for America – but what do you suggest we do about it?”
The answer is two-fold.
01. Buy American wherever and whenever possible so American companies producing in the USA can remain profitable and competitive against foreign producers that undercut domestic producers on price. There never seems to be a shortage of predatory foreign companies willing to use their profits to either put otherwise competitive American companies out of business or acquire or swallow up our American-owned companies, which results in all future income streams accruing to foreign owners, foreign investors, and foreign stockholders (all of which pay their taxes to foreign treasuries in foreign countries).
02. Not only tell your representatives that you are against free trade (for the many reasons laid out in my article “How Free Trade is Ruining America”), but you can also tell them why higher tariffs are the answer to job-killing free trade deals.
Here are a few quotes detailing what good old Honest Abe said about tariffs and protectionism:
The abandonment of the protective policy by the American government will produce want and ruin among our people. (Even Donald Trump mentioned how amazed he was about discovering this gem of a quote).
When an American paid 20 dollars for steel to an English manufacturer, America had the steel and England had the 20 dollars. But when he paid 20 dollars for steel to an American manufacturer, America had both the steel and the 20 dollars.
...................................................... 'President George Washington for advocating a protective policy. The first major bill signed by George Washington, after approving the Seal of the United States, called for various tariffs on imports and “the encouragement and protection of manufacturing” in America. This was the Tariff Act of 1789, which President George Washington signed into law on July 4, 1789.
"President Theodore Roosevelt who once commented that tariffs must never be reduced below the point that will cover the difference between the labor cost here and abroad. The well-being of the wage-worker is a prime consideration of our entire policy of economic legislation.
And perhaps if the wisdom of the founding fathers up to Abraham Lincoln, William McKinley, and Theodore Roosevelt isn’t quite enough to sway you in favor of protectionism, conservatives especially should consider the words of the author of the 1848 Communist Manifesto, Karl Marx, who said:
In general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushed the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.