Fortune Poll: 68% of Americans say trade helps our trading partners, not us PDF Print E-mail
Written by Stumo   
Saturday, 19 January 2008

I'll wonder if Fortune magazine wished they had not commissioned this poll.

*  68% say trade helps others, not us

*  78% believe trade harms our workers

*  55% believe American business has been harmed.

But get the spin in the article.  No mention of the trade deficit, job loss, the imported food, or manufacturing loss.  Its all about voters "fear" and their "feelings."

We are a nation crawling into a fetal position, cramped by fear that America has lost control of its destiny in a fiercely competitive global economy. The fear is mostly about jobs lost overseas and wages capped by foreign competition.

No mention of currency manipulation.

Especially now, as the U.S. economy sputters, we are on the verge of becoming a country of economic nationalists.

No mention of VAT tariffs.

Fear is a potent force in American politics, and Democratic Party leaders have astutely tapped into rising voter unease about globalization.

The article uses the word "fear" four times and "feelings, "feel" or "felt" four times.   "Anxious" or "anxiety" three times.  "Mood" four times. 

Metaphors and anecdotes are all they've got.  The reporter, Nina Easton, uses the powerful metaphors of American's being confident about taking on the world, and says we no longer do.  He does not realize we have unilaterally disarmed.  Other countries apply tariffs and subsidies against us, bet we do not.  Double digit points on the scoreboard for the other team before the football game starts.

Ms. Easton then has a personal anecdote... she says the Maytag closure is not so bad, in Newton, Iowa.

In the U.S. the newly shuttered Maytag plant in Newton, Iowa, doubles as an altar to the political spirit of economic nationalism. ...  When I visited Newton on the eve of the Iowa caucuses, I expected a dying town. Instead I found a vibrant community of 16,000 with serene neighborhoods and a bustling downtown.

So Easton sees some shoppers at a Wal-Mart, and her faith in free trade is restored. 

This is the level of thought we are dealing with.  It is a mob mentality of the free traders.  Irrational.  They cannot see it is rigged trade, and become very agitated when the rigging is pointed out.

 

 

 

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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy.  Heft is the owner of Petrogen, Inc in Colorado Springs.

A few thoughts about manufacturing:

There is a great misunderstanding of the relationship- between money and wealth.  The beginning principles with which we can all agree are a few and simple noble truths:
 
1. Money is meaningless without wealth.
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5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.

 


 

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