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Duncan Hunter on trade from May 2007 |
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Written by Stumo
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Wednesday, 10 October 2007 |
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Duncan Hunter said this in the May 3, 2007 Republican presidential debate:
Moderator: Congressman Hunter?
Hunter: You know, we won World War II, World War I and the Cold War
with a major industrial base. We're losing our industrial base through
bad trade policy right now. China is cheating on trade.
I would enforce trade laws. That's something that the president is not doing.
No other candidate mentioned trade that night.
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In the news
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The following article appeared on the online site for Manufacturing & Technology News on November 17, 2008 and was written by Paul Craig Roberts, former Assistant Secretary of the Treasury in the Reagan administration.
By most accounts the U.S. economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a "mini-depression," but that designation might be optimistic. Russian economist Mikhail Khazin says that the "U.S. will soon face a second Great Depression." It is possible that even Khazin is optimistic.
I cannot predict the future. However, I can explain what the problems are, how they differ from past times of troubles and why traditional remedies, such as the public works programs that Reich proposes, are unlikely to succeed in reviving the U.S. economy. |
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