If i haven’t made my views clear 100 times before.
■■■■ THE JONES ACT!!!
The Jones Act ■■■■■ the United States, it ■■■■■ the national security of the United States over, it ■■■■ the American people over.
And yet we keep this insane madness on the books.
And both parties are beholding to this protectionist lunacy.
We have to service these ships in Chinese shipyards.
And, as the article points out, while the companies promote the Jones Act as a bulwark against China with one side of their mouth, they are making deals to service their ships in China with the other side of their mouth.
The Jones Act is a rent seeking atrocity on the American People.
Did it ever dawn on you the Merchant Marine Act of 1920 (the Jones Act) may not be at fault, but rather, it is corporate leaders who have no allegiance to the United States, and are the ones selling out our Country who are at fault?
The Merchant Marine Act of 1920 was adopted to promote and advance America’s best interests and is hated with a passion by globalists, and the Cato Institute is a champion of globalism, and to hell with the best interests of the United States.
“…a discount of ten percent on all duties imposed by this Act shall be allowed on such goods, wares, and merchandise as shall be imported in vessels built in the United States, and wholly the property of a citizen or citizens thereof.”
This patriotic use of Congress’ power not only filled our national treasury, but gave American ship builders a hometown advantage and predictably resulted in America’s ship building industry to flourish and America’s merchant marine to become the most powerful on the face of the planet. Unfortunately, last time I visited the docks in New York’s Hell’s Kitchen area, I was very saddened that I could no longer read the names on the docked ships as they all seemed to be foreign owned foreign built vessels…an irrefutable sign of America’s decline traceable to the ravages of our international “free trade crowd” and “globalists” ___ your cited source . . . “The Cato Institute”.
Because that has worked wonders. I mean just as an example, we were complaining about China’s 8% tariffs on US imports in 2017. Because ours were only at 3.1% for their imports. Which is a complicated issue by itself. But now everything is good because we’re both at 21% tariffs rates on both sides. That’s exactly what we wanted to have happen. Because that’s what you want between the two largest economies on the planet. Because ■■■■ like that didn’t shut down international trade after WWI.
“As a result of [the relatively high cost of building vessels in the US], the vessels in Jones Act markets…are quite old.” Recently another Jones Act CEO stated that while tankers from the international fleet are typically used for 20–25 years, those in the Jones Act fleet typically have lifespans of 30–40 years."
Seems like the law is pretty broken. We’re stuck with clapped-out ships while everyone else gets nice new equipment. By the results alone, the Jones act needs to go in the trash.
Waging wars to fuel the economy. Exactly inverse of the Trump Doctrine.
The government believed that it would be able to pay off the debt by winning the war and imposing war reparations on the defeated Allies. This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany,
