Protectionism: think US muscle cars

a response to a response from my last video
http://www.youtube.com/watch?v=P0qiLr3mhEc&feature=watch_response

Category:

News & Politics

Tags:

• Video
• 419

[0gods]

Hamilton supported policies which favored the elite with privilege over ordinary people. This 2006 speech at the Brookings Institute's Hamilton Project (watch?v=P-5Y74FrDCc) is considered a seminal speech by Obama--a speech that in part was responsible for him getting the DNC nod and the funding of big finance _over_ Hilliary Clinton. The significance of the speech was that it indicated he was a "pro business" Clinton Democrat--basically, a moderate Republican--and certainly no friend of labor.

[LouieDaProtectionist]

@0gods that isn't true. Hamilton was one of the only founders that wasn't an elitist. he was raised in he West Indies and came from modest means.

[0gods]

@LouieDaProtectionist I didn't say he was an _elitist_. He favored the concentration of capital unlike Jefferson who was thought too much capital would lead to a US aristocracy ("The artificial aristocracy is a mischievous ingredient in government, and provision should be made to prevent it's ascendency"). In particular, Hamilton supported central banks and free trade--policies which, when combined, tended to eliminate comparative advantage and drive wage equalization (hurt labor on both sides).

[LouieDaProtectionist]

@0gods just curious, where did you hear that Hamilton supported free trade? very curious. I'd like to tell them to stop this propaganda. this is the same bs that says that he would support a private bank like the Federal Reserve.

[Salvysahagun]

@LouieDaProtectionist

1.) The First National Bank was Private. have you read the Second Report on Credit? The goal of the National Bank was to inspire cross state commerce because Banks where not suppose to leave their own state. So Alexander Hamilton chartered a Private Bank that could loan across state boundries in order ignite a stronger national economy. Pre Civil War banks could only be chartered State by State.

2.) Average American Tarriff in 1975 3.5%

Read a book.

[cricketol]

@LouieDaProtectionist sorry to say but his origins dont make how he is what he learned make a person what they are

[0gods]

@0gods (ii) which is why it is called the "Hamiltonian Project." I did not mention the Fed. Jefferson was against central banking as a threat to democracy. "I believe that banking institutions are more dangerous to our liberties than standing armies." Hamilton was known for being pro-business: "The prosperity of commerce is now perceived and acknowledged by all enlightened statesmen to be the most useful as well as the most productive source of national wealth." He's now code for pro-business.

[0gods]

@LouieDaProtectionist (i) I learned it in US history. Here is a quote from the article on the video from my first comment: "The project's research, so far, would be familiar to students of the first Clinton administration: creative, wonky proposals for softening the impact of globalization without interfering with international trade, most of them crafted with an eye to fiscal austerity and a balanced budget." I encourage you to read the article; its creators think it "Hamiltonian" (cont)