[Dialup Llama]

The export of jobs is rationalized as "free trade." But no trade is involved in the export of U.S. jobs. Chinese firms sell the U.S. goods made with Chinese labor, and U.S. firms sell U.S. goods made with Chinese labor. The U.S. capital and technology that employ Chinese labor are relocated to China by U.S. firms, not exported to China.

Very important. Read that slowly several times.

[sixmil]

Very important. Read that slowly several times.

Many gems in this piece, IBD seems to have had a change of heart lately. I still don't understand why people can not see this. I wish I could articulate it as well as this guy, since it just seems so obvious. I must admit that I was a free traitor until I spent some time overseas observing how it actually works. If we could only view the trade deficit with the same scorn we now seem to have for the budget deficit, I think we would be half way there.

[operation clinton cleanup]

If you dont have a job, inflation might as well be 1,000%