Posted on 09/06/2010 4:56:03 AM PDT by Rashputin
According to Wikipedia, Stern makes frequent visits to the Obama White House. According to Dreyfus, he also makes frequent trips to China to visit with China's Communist-controlled All-China Federation of Trade Unions (ACFTU). Stern justifies his trips to China with the claim that he is helping push the ACFTU in a positive direction. Dreyfus writes:
"I get in trouble on Glenn Beck saying, 'Workers of the world unite!' It's not just a slogan," Stern says. It's critical, he adds, for US and Chinese workers to see each other as allies, and he argues that efforts such as his can help shift the ACFTU in a direction that will make it much more representative of its hundreds of millions of members.
Moreover, many progressives are pleased that China has been able to pull so many poor people out of poverty, even though some of that economic growth occurs by manipulating currency values and trade in order to steal our manufacturing industries and technology. Doug Henwood accuses those who don't want to deal with China of racism. Dreyfus writes:
"There is this longstanding Yellow Peril discourse in the United States, and a lot of this stuff fits into it comfortably," says Doug Henwood, editor and publisher of the Left Business Observer.
Such thinking may explain President Obama's acquiescence to mercantilism, even though doing so condemns the United States to economic stagnation and forces U.S. manufacturing workers out of good-paying jobs and into unemployment or low-paying jobs.
(Excerpt) Read more at americanthinker.com ...
That's a great line.
We should use it.
ACFTU sounds like a wet dream for the democrats that they can only lick their lips and imagine.
We could laugh at that statement, but it is probably true. He probably is content growing the China economy.
Anything that hurts America is a plus in the Democrat party. They have become completely warped and treasonous. When I was a kid I would never dare say such a thing. Times have changed.
It’s the truth. Live with it.
Next....jobs for North Korea
Yep - it's quite an alliance.
We're the fat, juicy aphids and they're the hard working ants that come to milk us every day.
.
We must get serious about returning the manufacture of consumer products to the US. In previous recessions government stimulus might have primed the pump - through tax reductions or direct payments putting money in the hands of citizens who then purchased manufactured goods. As demand for products increased, the factories hired more workers which in turn had a trickle down effect through the economy.
Today, the stimulus dollar spent on clothing, appliances, furniture and other consumer products made in an overseas factory, benefits the factory and laborers in that overseas country, not the US.
It is time to rebuild US manufacturing. Raise tariffs and quotas to increase the cost of imports and make it more attractive to produce in the USA. Eliminate the corporate income tax on profits made from goods manufactured in America. You’ll see investment in job creating American infrastructure and the income tax revenues from the jobs created will be significant. Higher tariffs on energy imports will encourage conservation, domestic production and development of alternative energy resources.
Free trade is a fallacy. For the last 20 years we’ve lowered tariffs and opened our markets to the world. In return, our trading partners have retained tariff and non-tariff barriers while engaging in currency manipulation and direct subsidies for exports. As a result we’ve seen our once mighty manufacturing base decline and seen millions of middle class jobs evaporate. Over the past decade the standard of living of the average American declined as income growth went negative for the first time in our history. The economic boom the free traders promised has turned into an economic nightmare for the average American family.
During the 35 year period from the end of the Civil War the United States became a great industrial power. At that time the US government was primarily funded by tariffs. Tariff rates of 30% and more protected the developing US industry from being flooded with cheap imports, encouraging investment in US industry.
We compete with mercantilist nations who act in their own self interest. Is China’s market as open to US goods as our market is open to China? How about Japan, India, Europe? No. All of those countries and regions have reasons for maintaining various limitations on trade and policies favoring domestic companies. The US need to start acting in its own self interest before we become a third world country.
Drunk again?
I think it’s Alzheimer’s.
Nothing screams, “I had my hat handed to me on another thread” more loudly than pinging someone and expecting them to start throwing pies at a third party.
My view is that the government can’t do a good job of picking the “winners and losers” (industrial policy). Therefore there should be no bailouts and there should not be varied tariff rates. Since our major trading partners have made that attempt and funded industry to export to us, there have been many industries where Americans have comparative advantage under economic theory — but Americans have completely lost their manufacturing base in those industries. Thus, an infant industry protection makes sense. A general tariff both protects our industry from these incursions of foreign industrial policy and manipulation of exchange rates, increases our tax base, and protects new infant industries. It’s not perfect . . . but it made us an economic powerhouse in the 1800’s and early 1900’s . . . and the reverse policies have left us with a gutted economy in the hands primarily of the financial industry.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.