Wow, so much wrong there that needs unpacking.....<quoted text>
Sure it matters because you are taking away choice. When Americans had their choice, they chose cheap overseas products over more expensive American made products. That's why WalMart is number one today.
But let's say Obama is reading our blog right now and decides to act on your suggestion. He enacts an import tariff. What happens to your $15.00 toaster, your $75.00 blender, your $6.50 string of christmas lights, your $400.00 cell phone?
Oh, but increasing the prices of these items will push people towards American made products. This is true except for one thing: many American families only have so much to spend when they shop. If they spend $100.00 at Walmart and come home with 14 items, after the tariff, they will still spend $100.00 only come home with ten or eleven items instead.
But that's okay because Americans will be working since they are selling more products to the American people. True. However now that we have an import tariff on goods, our trading partners place a tariff on our exports, and that decrease in exports offsets any gains we made by selling Americans our own products.
It's a zero sum gain. Nobody will be at an advantage and the poor and middle-class will be at a disadvantage since they are spending the same money but getting less.
First of all, I would propose breaking up Walmart as a monopoly, which it is....it's been allowed for too long to destroy main street American businesses and get away with it. Using their massive, untaxed, surplus wealth to cajole, and in some cases, outright support and purchase local politicians in order to get necessary permits to open stores in demographics they desire. This happened locally, so I'm well aware of the tactics.
Many municipalities will offer free utility hookups, infrastructure improvements, roads, waivers, to the point it costs Walmart nothing to open a store. All in the promise of a couple of hundred low wage, no future jobs. And local retailers start closing, adding to the unemployment and vacancy rates.
Walmart also is the biggest user of public assitance.....as they encourage their employees to "take advantage" of public assistance when their pay falls short. Up to and including holding classes on how to fill out the federal paperwork.
As to tariffs, Republicans fail to use our massive leverage in buying power.....to force concessions from importers. Of course, I'm all for giving corporations the chance to make the shift smoothly to re-establishing an American manufacturing base, gradually phased in over time. Obviously an overnight tariff slap would be damaging....but phased in gradually, giving them time to close foreign operations and open factories here would be an acceptable compromise.
Which is another argument in raising the minimum wage to keep pace with cost of living and inflation......which means it should be 22.00 per hour....a long way from the measly 10.10 per hour now being proposed.
We should have mandated phase in of a rise in the minimum wage, incrementally over a period of a few years, getting to that 22.00 per hour.
A rising tide lifts all boats.