Rescuing the Rust Belt »
Posted by: HOUSEMD 6 months, 1 week agoIt is fascinating to watch politicians say how they are going to rescue the "rust belt" regions where jobs are disappearing and companies are either shutting down or moving elsewhere. The North American Free Trade Agreement (NAFTA) is being blamed for the jobs going elsewhere. Barack Obama blames the Clinton administration for NAFTA, and
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HOUSEMD6 months, 1 week ago
From the article: Senator Obama says that he is for free trade, provided it is "fair trade." That is election-year rhetoric at its cleverest.
Since "fair" is one of those words that can mean virtually anything to anybody, what this amounts to is that politicians can pile on whatever restrictions they want, in the name of fairness, and still claim to be for "free trade." Clever.
Change we can believe in?
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stephen-johnson6 months, 1 week ago
Sowell always saves the best for last:
"Jobs are always disappearing. The big question is why they are not being replaced by new jobs. Rust belt policies that drove out old jobs also keep out new jobs.
NAFTA makes it easier for politicians to blame the problem on foreigners. In fact, foreigners make ideal scapegoats for politicians. After all, people in Japan or India can't vote in American elections.
Americans who can vote would do well to start spending more time thinking about economic realities, instead of being swept away by political rhetoric."
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HOUSEMDEverybody lies.
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