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Very. Serious. People. want Trade Agreements |
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Written by Stumo
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Wednesday, 10 October 2007 |
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This really is a day when the Very. Serious. People are putting all their forces
into pushing more stupid trade deals. They draft 1,000 page
documents, and sell them to us saying "trade is good." If they
want tariff cuts, then why are the trade agreements more than a page
long? What does the rest of the deal say?
The Washington Post Editorial Board
is championing Bill Clinton today... for his pushing NAFTA. Its
the big bad unions that are the problem - ya'know only unions oppose
trade deals - and Bill defied them. But Edwards is pandering to
them. Bad Edwards.
Fourteen years after NAFTA was approved, the case for free trade
remains the same. Though it imposes costly dislocations on workers in
less-competitive industries, it benefits the country as a whole by
increasing efficiency. Over time, the result is more jobs and lower
prices.
More jobs? Are they serious? Our trade policy is causing job loss. They've been drinking the Wal-Mart kool aid.
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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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