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McCain the clueless free trader |
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Written by Stumo
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Wednesday, 16 April 2008 |
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McCain continues his self-proclaimed role as the biggest free trader in the Senate since Phil Gramm. In Pittsburgh yesterday:
Dipping into a contentious issue that has stirred up the
Democratic Party, Mr. McCain made clear his unequivocal support for
free trade even as Senators Obama and Clinton have been speaking about
its downsides. Mr. McCain argued that the benefits of opening new
markets outweighed the costs of losing some manufacturing jobs.
“That is why I object when Senators Obama and Clinton and others preach
the false virtues of economic isolationism,” Mr. McCain said in the
speech. “Senator Obama recently suggested that Americans are
protectionist because they are bitter about being left behind in the
global economy. Well, what’s his excuse for embracing the false
promises of protectionism?”
McCain has said he does not understand the economy. His trade
stance confirms that fact. Anyone that seeks a new trade policy
is an "isolationist." Folks without jobs can make a living selling on eBay. Maybe he should try that route himself. Now that's an economic plan.
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In the news
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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.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive: food, clothing, shelter, ice cream & computers. It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.
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