Posted on 07/18/2011 11:48:57 AM PDT by JerseyHighlander
Ross Perot Was Right On July 18, 2011, in Economy, by Tim
Spotted over at Patrick.net this morning, 1992 Presidential candidate Ross Perots warning about a steady decline in U.S. wages from almost 20 years ago sounds quite prophetic. All you have to do is substitute China for Mexico when you hear about wages converging at six dollars an hour ours going down, theirs going up.
Sadly, no one talks about his much instead, you get a political debate about taxes and spending. And, of course, monetary policy at the Federal Reserve that is largely based on a consumer price index that doesnt distinguish between imported goods and goods that are produced domestically only exacerbates the problem.
Too much is wrong with the country and the world now. Even those opposed to Obama disagree with each other and fight each other. Too many issues as well. Perot might have been right in 92, but he ruined the election for Bush, and I am not a fan of either Bush, but hate Clinton.
The following is undisputed by both sides of the free trade agreement.
1) China Manipulates their Currency
2) China has no EPA
3) China has no EEOC
4) China has no minimum wage laws
5) U.S. wages cannot compete with Chinese slave labor.
To you this is fair and the U.S. workers?
BTW, the way have you ever called a computer help desk from overseas? They are worthless! I rather talk to an American that knows what the hell they are talking about and can speak English! I almost always get way better professional help from U.S. citizens then from India, Philippines, etc..
“...I fear you still believe in collectivism in the sense you want to retrain your fellow AMericans in the workforce to go upmarket and compete at higher profit margins.”
I want them to be free to retrain themselves if they see fit, and I hope they see fit to do so. Life, liberty and the pursuit of happiness (as seen fit by the citizen) are my priorities. I do think one should always be learning and rethinking, but one doesn’t require govt to do such things.
It does sound like we are in basic agreement.
All my important retraining was picked up the hard way, on the streets (and under chandeliers). ;)
“To you this is fair and the U.S. workers?”
International trade is war with less noise. Fairness has nothing to do with it. While some are spending time trying to get the other side to play fair, I am busy beating the other side. Screw fairness, I’m here to win the war.
You will waste your life if you spend it attempting to elicit fairness from unfair people. You can’t make a good deal with a bad guy.
I live in the mountains. They aren’t fair either. They are dangerous and don’t care if I live or die, and I can’t get any concessions from them.
And I like it that way.
I was on FR since I was in high school. That was around the era of IMPOTUS.
It’s a rigid poker game so we are going to lose in the end.
The decline of US manufacturing as a source of employment is due much to America’s predatory labor unions. On the plus side, cheap factory labor in China and elsewhere overseas has been of immense benefit to American consumers and has raised our living standards. It has also proven to be a source of strength to the US by strengthening our economic and political ties with China, India, and other emerging economies.
bttt
Yep, Ross was right and shame on everyone who voted for Dubya Sr!
Oh, it’s an excellent example. Let’s see you make the argument that the object of U.S. policy is to provide Mexican farmers with jobs.
To raise revenue, not engage in industrial policy as your typical protectionist expects us to believe.
That's an interesting statistic: can you prove it? (Apart from throwing letters at me).
“Free trade” did not cause the recession. If you cannot see it, then . . . .
And the only difference between you and I is that you think that slapping some arbitrary tariff on products will fix things . . . .
ka-bump
THE PEROT VOTERS ARE THE KEY TO EVERYTHING, GODDAMNIT!
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