This was a law on the books already?
Yes, the Secure Fence Act of 2006. But in 2008 Obama was elected. And the trillion dollars of stimulus money went to pay for a lot of other things instead of infrastructure such as wages for a year to a small museum owner. The fence was never built.
I'm sure the government will come up with some ten year estimate on how monetary outlays now will reap rewards 10 years from now. The Congressional Budget Office does this all the time to justify spending and tax cuts. Unfortunately, the estimates of rewards in years 9 and 10 never seem to materialize.
Tariffs levied against foreign products will increase the price of the goods. This will do two things. It increases revenue for the federal treasury and it takes away the downward pressure on wages in the United States. Depending upon how it is done it could start a trade war with tariffs being levied on our goods going into their countries.
People complain about the low wages in the United States. Liberals want to fix it by mandating an increase in minimum wage. In a free trade environment that will simply drive jobs that can move to go elsewhere. I was once a strong supporter of free trade but in many instances it quickly became unfair trade. The theory behind free trade is that each country benefits by selling goods that they have an economic advantage in producing. The theory works if the exchange rate is allowed to float, if our trading partner has the resources to buy the goods we produce, and if there are no bureaucratic or cultural barriers to trade. Since all of those things exist free trade has become unfair trade.
I was the CFO of a small manufacturing firm for 15 years. As early as 1998 were were worried about foreign imports but the quality of their competing products sucked. But China had opened up and Americans went to China to improve the quality of their products. It was around 2000-2002 that we started feeling the competition as did small manufacturers in other industries. It created a divide among businessmen. Retailers were making more money than ever selling cheap imports. Manufacturers were being squeezed out of existence.
A company called China First was found guilty of dumping (selling below cost). That company dissolved and another took its place. China is also a well known currency manipulator. We used a lot of the managerial accounting techniques that I now teach to try to keep manufacturing our own products but in the end we stopped manufacturing completely and became an importer. Doing so made 70% of our workforce unnecessary.
There are instances where we need tariffs. They should be used selectively but the are needed. And yes. They will increase the price of the product. But we cannot continue to let our trade partners take advantage of us if we wish to maintain our middle class.
---------- Post added at 07:41 AM ---------- Previous post was at 07:36 AM ----------
Let the states handle their border patrol.
Providing a common defense is one of the few things the federal government is suppose to be doing. There is absolutely nothing in the Constitution about welfare or taking care of the poor.