[lit-ideas] Re: Yahoo! Traitors with Clinton Sidebar
- From: "Andy Amago" <aamago@xxxxxxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx, lit-ideas@xxxxxxxxxxxxx
- Date: Thu, 22 Sep 2005 09:35:43 -0400
> [Original Message]
> From: Eric Yost <mr.eric.yost@xxxxxxxxx>
> To: <lit-ideas@xxxxxxxxxxxxx>
> Date: 9/22/2005 12:55:19 AM
> Subject: [lit-ideas] Re: Yahoo! Traitors with Clinton Sidebar
>
> Andy should love this.
>
> Here's Lou Dobbs showing that the Clinton trade policy with China
> was a terrible fiasco. Dobbs indirectly references the article from
> 2000 I just cited. It was prescient in criticizing the Clinton plan.
>
> Clinton sold us out. In the five years since his trade deal...you
> can read the results.
>
Also in the article is that China has been globalizing for the last 29
years. Rather than give you a pat answer, let me think about this and get
back to you. My assumption is that, like with NAFTA, supported by all past
presidents (who one likes to think knew something), Clinton tried to
harness what was already going on with Mexico and China. WTO or not, China
would have gotten to where it is. The difference is that instead of
trading with us and linking to the dollar, they would have traded with,
say, Europe. China was the pebble that turned into an avalanche. Nobody
could have stopped it. Slowed it down? Maybe, a little. Stopped it?
Never. If nothing else, Clinton's ego would have made him not want to be
president of a banana republic. Anything Clinton did was motivated in the
country's best interests, unlike Bush, who I firmly believe doesn't care
about the country. Economics is one of those things that is so vastly
complicated with so many variables, many of which are unpredictable and
uncontrollable, that it's often little better than guesswork. It's like
fighting war. We always fight the last war, and we always go by past
economic models in a world that doesn't want to stay in the past.
Exporting call center jobs is now a serious problem (anybody see Wide Angle
with Bill Moyers?), corporate driven. The problem is that India is
absorbing more than call center jobs. Anything that can done on the
Internet (reading x-rays, you name it) is moving to India, and China. Even
hands on medical care. In the meantime, clueless Bush is working on
tearing down SS. We need to be shoring up our educational system big time,
especially in math and science to get back our edge if not as a
manufacturing power necessarily but as a leader in technological research
and development. I think also that American corporate CEO's who take their
companies to China should be held accountable as traitors (seriously), but
that's another matter, and it might involve working in a closed economy
which may be fantasy in today's world. Anyway, like I said, I will get
back to you.
Regarding that I think you like Bush, that was my conclusion based on what
seemed to me to be continual excuses for him not being knowable and so on.
My apologies if you don't like him.
Andy Amago
> _____
> http://www.cnn.com/2005/US/02/03/other.issues/
>
>
> Our swelling trade deficit with China alone reached a record high of
> $148 billion through the first 11 months of 2004, already a 30
> percent increase over 2003's record gap with another month to be
> reported.
>
> And while this has mostly led to lower prices for consumers,
> increased and unbalanced trade with China has resulted in the loss
> of 1.5 million American factory jobs over the past 15 years,
> according to the Economic Policy Institute. The job losses have
> accelerated as the trade deficit with China has grown.
>
> "The American consumer is also the American worker," Republican Sen.
> Lindsey Graham of South Carolina told me, "and if we don't do
> something to protect our manufacturing base here at home, it is
> going to be hard to buy any retail goods."
>
> We've lost more than 2.5 million manufacturing jobs since the
> beginning of 2001, and not surprisingly, our annual trade deficit
> has risen by nearly 70 percent over that time. At this rate, we can
> expect our trade gap to grow to $1 trillion within just the next few
> years.
>
>
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