[lit-ideas] Re: Yahoo! Traitors with Clinton Sidebar
- From: Eric Yost <mr.eric.yost@xxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Thu, 22 Sep 2005 00:55:23 -0400
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.
_____
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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