Free Republic

In short, we already have a socialist president―and his name is Bush. Bush’s latest scheme, as he explained in his Saturday radio address, is a November 15 “international summit,” including the United Nations Secretary-General, to “begin developing principles of reform for regulatory bodies and institutions related to our financial sectors.” This is bureaucratic doublespeak for what has been called “global governance.” Some may fear with good reason that world government and global taxes are on the way in and U.S. sovereignty is on the way out.

PARIS The jobless recovery in the American economy, weakly echoed in Europe, reinforces complaints in all the Western industrial countries that employers and stockholders enrich themselves while workers' wages fall or remain static. Defenders of free trade irritably reply that outsourced jobs will be replaced by those demanding higher skills, and that workers should go out and retrain themselves. The contrary argument is summarized in a recent article by Senator Charles Schumer and a former Treasury official, Paul Craig Roberts ("Exporting jobs is not free trade," Views, Jan. 7). The argument is that capital, technology, ideas and jobs now all...