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Edwards/Clinton on trade in Iowa |
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Written by Stumo
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Monday, 12 November 2007 |
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Maytag's world headquarters was in Newton, Iowa. The plant
there closed this year. It had several hundred employees in this
town of 15,000.
Clinton was recently there, and said, after persistent questioning:
Trade is a positive for America but I don't believe in giving away and getting nothing in return.
Edwards:
"These trade agreements have lost us millions of jobs and we had
trade policy that is not beneficial to working, middle-class Americans
... It only benefited big multinational corporations," Edwards said in
an interview on Monday.
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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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