Tag Archives: Marcy Kaptur

Two Very Stupid Trade Proposals

Andy Roth at the Club For Growth kindly sent around a list of trade-related provisions to some of the free trade folks.

I picked out two of the dumbest ones to share, and what would you know, they’re both sponsored by Ohio’s Marcy Kaptur!

H.R.192
Latest Title: Balancing Trade Act of 2013
Sponsor: Rep Kaptur, Marcy [OH-9] (introduced 1/4/2013)      Cosponsors (None)

What it would do:

To require that, in cases in which the annual trade deficit between the United States and another country is $10,000,000,000 or more for 3 consecutive years, the President take the necessary steps to create a more balanced trading relationship with that country.

Why it’s stupid:

Balanced trade is a harmful, arbitrary idea. If you think back to the comparative advantage example you learned in grade school, hopefully your teacher didn’t insinuate that country A needs to trade equally with country B. That would make no sense. The very point of comparative advantage is that countries are able to capitalize on using and trading the goods they make efficiently, and take advantage of the fact that other countries have their own comparative advantages.

Requiring balanced trade basically means you don’t want to benefit from comparative advantage, since you’re just saying we should all trade equally when it comes to the figures that represent the transactions of individuals in our respective countries. Only outliers like Ian Fletcher, labor unions and mercantilist rent seekers push for this idea. Thankfully, mainstream economists aren’t behind this idea, and it won’t go anywhere.

In short, this economically bad idea would restrict the ability of individuals to trade with other people who live elsewhere, all so an arbitrary balance sheet that isn’t a real deficit is made even.

H.R.194
Latest Title: Congressional Made in America Promise Act of 2013
Sponsor: Rep Kaptur, Marcy [OH-9] (introduced 1/4/2013)      Cosponsors (None)

What it would do:

To clarify the applicability of the Buy American Act to products purchased for the use of the legislative branch, to prohibit the application of any of the exceptions to the requirements of such Act to products bearing an official Congressional insignia, and for other purposes.

Why it’s stupid:

Should items bearing the seal of Congress be made in America? This is populist chaw, and I say no. Right now there are a ton of procurement rules that apply to the things Congress buys for itself, and laws that mandate jobs for blind folks making pens that date back to the Great Depression, while well-intentioned, are just unnecessary.

Does Congress really need made-in-America Fischer Space Pens, or Skilcraft pens made by disabled folks?

No, it doesn’t. It’s just a fluffy PR move to distract you from the fact that they’re passing bad laws day in and day out. A ten-cent bic pen works just fine, whether it’s made in the good old USA, Canada, Mexico or France.

 

Super Tuesday Links

Metro car

Atlantic: Is Josh Mandel the Next Marco Rubio?

 Mandel, who is Jewish, has the air of a precocious, recently bar mitzvahed student, or perhaps a studious, slightly cocky frat boy. (As an undergraduate at Ohio State, Mandel was a member of Alpha Epsilon Pi, the Jewish fraternity; he went on to earn a law degree from Case Western Reserve University in Cleveland.) And while he is undeniably skilled at rattling off his familiar lines, he quickly turns evasive or just blank on unfamiliar ground.

I disagree with Molly Ball’s description of Josh here. For full disclosure, I know Josh. He is a great person and will make a great U.S. Senator from Ohio. I’ve never known him to be cocky or evasive. And who would blame anyone for being “blank” on unfamiliar ground? Smart people don’t make dumb statements about topics on which they are not experts. It’s an interesting article, but you can tell Molly doesn’t like Mandel, and it shows. I’m confident that Mandel will make his case to the voters in November, and they’ll choose him over Sherrod Brown.

One commenter, presumably a Democrat (who identifies as a Marine, the branch of service of Josh Mandel) hits the nail on the head:

I’m of a different political persuasion than Mr. Mandel, but good grief Molly Ball, this article is dripping with disdain, down to the Mandel’s waitress with ” bad skin and dyed-black hair.”

Why drag poor Amanda into your hit piece???

Report to Mr. Fallows’ office immediately…

WaPo: Obama shifts location of G-8 summit from hometown of Chicago to his Camp David retreat (whoever thought putting the G-8 in any place other than Camp David is stupid and should be fired. Come on, really?)

Reason: Arlington County Housing Division Hosts “Housing 4 Hipsters” Happy Hour to Help Hipsters Find Housing Assistance (the same brilliant minds that brought you free bike helmets)

ARLNOW: Housing 4 Hipsters

ARLNOW: Bicycle Derby to Take Over Crystal City Parking Garage (Too bad the derby is not like roller derby)

Reason: Maryland Handgun Permit Restrictions Found Unconstitutional by Federal Judge

Why do people hate billboards? (esp. in DC)

Reason: It’s Like Totally Different When a Liberal Blowhard Guy Calls a Conservative Woman a Twat!

RFT: Anheuser-Busch Test Markets Margarita-Flavored Beer

Ivers: Maldives

InTrade: Romney’s chances of winning Ohio

Cleveland.com: Cleveland Browns linebacker Scott Fujita says he’s ‘paid out a lot of money for big plays,’ but never to hurt a player: report

MR: Does inequality lead to a financial crisis?

Quitting as a Rush Limbaugh sponsor has really helped Carbonite

io9: The 1935 plan to use rocket airplanes to deliver US mail

KMW: You’re Fat and You Know It: Why Government Anti-Obesity Efforts Fail

The only ways the Cubs will ever win the series (they could make one about the Browns’ Superbowl hopes)

Get your business online

NDC: That’s okay. Rick Santorum ran out of money in 2006, too.

Marcy Kaptur’s hit on Dennis Kucinich

NR: In California, Whom Will They Blame?

Seems my poll workers have a sense of humor

HOW I VOTED: I voted for Mitt Romney. I voted at about 9:45 and I was voter #5. In Virginia, only two names were on the ballot — Mitt Romney and Ron Paul. Santorum and Gingrich were too disorganized to make the ballot. I like a lot of what Ron Paul has to say (except on most of his foreign policy views and the Gold standard) but I couldn’t vote for him.

Wonkette back-alley trash operative “Jim S.”

MR: Democracy, wealth, and local stimulus spending

DC IS NOT A STATE

How do I get one of these?

STLBiz: SLU delays law school move until 2013

Cleveland.com: Cleveland faces complaint over stadium repair contract

WSJ: Reagan Was A Sure Loser Too

Wired: Uncle Sam: If It Ends in .Com, It’s .Seizable

Watched this last night on Netflix. Great movie.

JIM MORAN: NO FAN OF “PROFANITY”

DCist: Bloodthirsty Aliens, Cannibalism, Ants Nesting in Brains: Elementary School Teacher Fired for Assigning Seriously F’ed Up Math Homework

Dollar Shave Club has funny ads (h/t metz)

SUPER TUESDAY DATA FROM GOOGLE

Huffpo: Warren Buffett Company: Please Cut Our Taxes

WSJ: State-Owned Oil Companies vs. the Free Market

He does love saying “Congratulations” and who let the dogs out? (Secret Browns fan, perhaps?)

Bracketology: A History of Power Conference Bias

Pictures of people scanning QR codes

Lulzsec taking down by feds

WASHU apparently hates cats (animal testing is fine by me)

Introducing Google Play for developers (Android Developers Blog)

Introducing Google Play for consumers (Official Google Blog)

WaPo: EXIT POLLS: Economy is top issue again, and voters want business experience more than government