Creating or Saving 1,000 Jobs

In the State of the Union address, Obama said he’d saved over 1,000 jobs by putting a tarriff on tires made in China.  Except in 2009, the tire industry had over 55,000 jobs and in 2011 it dropped to 51,700.  Is he saying those job losses would have been worse?

Forbes does a good analysis of the claim.  Tire imports from China did drop… and imports from other countries such as Korea, Canada, and Indonesia increased to make up for it.  You know what else has gone up?  The price of tires!

Hoover tried tariffs and tax increases to get us out of the Great Depression.  It didn’t work then and there’s no reason it should work now.



About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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