Posted on 07/15/2005 1:15:36 PM PDT by Willie Green
For education and discussion only. Not for commercial use.
The outsourcing-happy folks who run The Wall Street Journal opinion pages have forgotten one of the pillars of opinion-journalism ethics: truth in advertising.
The article they ran July 14 by Goldman Sachs chairman and CEO Henry M. Paulson, Jr., titled "CAFTA is the American Way," was simply the usual pro-treaty drivel with one critical exception. Paulson never mentioned, and the Journal never disclosed, that the Goldman Sachs chief is a de facto paid agent of the Chinese government.
After all, Goldman is advising the Chinese government-owned and controlled China National Offshore Oil Company on its bid to take over the U.S.-owned Unocal oil company. Indeed, Goldman reportedly is thinking of contributing to a $3 billion fund to help finance the takeover – which, of course, CNOOC couldn't afford even to think about without its own subsidized loans from Beijing.
Maybe that's why Paulson never mentioned that CAFTA is full of loopholes that will allow mountains of Chinese fabric and apparel into the U.S. market via Central America, contrary to the assurances of the Bush administration. Maybe that's why he didn't mention that continuing to do nothing to combat China's predatory trade policies will mire workers in the United States and Central America into a no-win race to the bottom in living standards.
Agents of foreign governments – even governments as dictatorial and dangerous as China's – have a right to publish their opinions. But Americans have an even more important right to know who's pulling their strings.
Sources: "CAFTA is the American Way," by Henry M. Paulson, Jr., The Wall Street Journal, July 14, 2005; "Cnooc Seeks Unocal Support, May Raise Bid to $19 Bln," by Robert Stewart and Otis Bilodeau, Bloomberg News, July 14, 2005
ping
It's more like the Mexican way. The border provisions are not good.
I thought NAFTA already took care of tha via Mexico.
Free Trade...Commie style.... I wonder how much my Wal Mart employee discount will offset my loss in wages....
It's endless. It's like
the John Birch Society
trying to come back . . .
Bush was in NC today flogging CAFTA to the textile industry that lost 160,000 jobs already with 20,000 more ready to go and I believe 143 textile manufacturers gone due to NAFTA.
CAFTA will just put a nail in our coffin for good.
The lemmings will be along any minute now to whip you into shape with the party line. Be prepared for the chanting...
CAFTA is good...CAFTA is free trade...CAFTA will save jobs...
Sadly, I think some of them actually believe it.
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