Let me guess.  No editorial board member at the Denver Post has an economics degree.  And they have never looked at unlawful subsidy cases.  And they could not define currency manipulation if their life depended upon it.  And they have no clue what a border adjustable tax is.  And their kids never got sick from Chinese seafood or Mexican onions.  And none of their relatives worked at the Colorado Springs Intel plant that is now in China.

Fifty bucks says I'm right on all points.

So here's what the Front Range flavor of free trade wackos said last week.  

Trade protectionism didn't fix the Depression — and it would only hurt Colorado's nearly $8 billion export economy today.

Ahh... the Smoot Hawley specter.  Is anyone proposing record tariff increases? ... [crickets chirping]...  I thought not.

So  the relevance of Smoot Hawley is?  Nothing.  Nada.  Irrelevant. 

But they have exports in Colorado.  And those Smoot-Hawley-ites threaten those exports.  Darn them. 

No word about NET Trade in Colorado.  Or outsourcing.  Intel in Colorado Springs just went to China.  Intel's best U.S. factory, by Intel's own admission.  And hundreds of other jobs left Colorado.  Yes there are exports.  They exist.  But look at the NET. 

So.  Let's not engage in another record tariff increase.  Deal?  And let's not do another NAFTA deal that ignores and enables currency manipulation, foreign border taxes, rules of origing cheating, dangerous product imports, and outsourcing.  Let's not do either Smoot Hawley or a NAFTA retread. 

Now that's a compromise. 

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retired manufacturing owner and employer : nelson hoffman ask any Coloradan: How much of the trade deficit is fuel,how much do China sales to the US exceed our exports to China- and what percent of trade deficit does that represent? China- and how many dollars flow to China each day? What percent of the Treasury debt issued this week was purchased by the Chinese and Japanese people/Government? If you can answers to those questions, you will understand why Hawley Smoot is as signioficant the present day as Bow and arrows are to stealth fighters. July 04, 2008

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