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#1
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I'm 15. Which do you think would benefit the economy better:A congressional bill that encourages a free trade agreement between the U.S. , Britian, and France (like the NAFTA one)ORA congressional bill that encourages a free trade agreement between the U.S. , Argentina, and ChileORU.S. embargo against toys made in China (perhaps this could create more american jobs? and decrease U.S. imports, making the export-import ratio better?)Please tell me what you think and why! And no, this is not a homework assignment. I'm trying to decide which bill would be the best to submit to congress.
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#6
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Not the third option, because that would probably spark a trade war with China, damaging the economy further.I'm not sure if the other two will have much of an effect. NAFTA has had pretty much an economically neutral effect after it was passed: equally large numbers of jobs were both gained and lost.If you ask me, get Bush out of office, and throw out the two main candidates, too. Go find somebody who actually studies economics and knows what he's talking about, and put him in office instead of the political bozos.
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#8
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NAFTA has hurt the economy far more than it has helped it. Look at the US auto industry to see that. I think your embargo on Chinese toys would do more good. Why stop at toys? A lot of Chinese products are just fine but too many of them are junk and have the possibily of becoming harmful.
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#10
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People have underestimated China to their sorrow in centuries past. It is a vengeful giant, which has historically not been afraid to use it's tremendous power - besides which they hold most of our debt we suddenly find out, so an embargo would only antagonize them, and we literally can't afford that. If we could increase our exports to China, and engage more, rather than less, in ensuring quality standards for goods produced there and sold internationally, it would go a long way towards making a former enemy into a trading partner. We want better toys from them, not no toys at all. Making them adhere to higher quality standards will increase their costs, making imports to the US more expensive, making US made goods more competitive, creating more US jobs, but while still supporting their industry. win-win.Free trade with the European Union would be fine, especially Britain, but France has so many price supports, subsidies and convoluted commerce laws that it would be nearly impossible without the whole E.U. to back it up. I just don't see it happening though - they enjoy being able to arbitrarily tariff American goods.Politically, a free trade agreement with any South American country right now could send bad messages about either supporting bad governments or drug cartels. Also, it might look like sending US jobs overseas. It's a Gordian knot down there - no matter which string you pull it just makes problems worse. A better idea would be to support a non-governmental investment organization, to help existent national industries there grow, but that don't compete with American industries.
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