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To: Madstrider
>>Trade equals economic growth, period

Growth, but for who? Even if trade does equals economic growth, it seems quite clear that the benefits of increased free trade are being reaped by fewer and fewer people at the very top of the food chain. CEO's are making hundreds of millions of dollars by firing american workers and hiring ones in China and India. If this is creating any wealth at all, it is creating it not for the average american but for the average chinese person and for the CEO's...they should have called it SHAFTA, not NAFTA.

The outsourinc of america WILL be an important election issue someday in the not to distant future.
5 posted on 05/25/2003 3:41:58 AM PDT by freeper12
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To: freeper12
A layman veiw.

The United States' Unemployment rate is lower than almost any other nation. If the GDP was at 3 to 5% we would have almost no unemployment (5% or lower is consider full employment). You will not get a GDP close to 5% with trade barriers, I am sorry.
6 posted on 05/25/2003 3:52:12 AM PDT by BushCountry
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To: freeper12
The outsourinc of america WILL be an important election issue someday in the not to distant future.

Hillary Clinton could become president on the issue.

When YOU are unemployed, it's the economy and it's personal at election time.

Markets and remorseless greed are definitely efficient. They can destroy the standard of living of a great nation in a heartbeat. You are watching it. It's not free trade. It's unfair trade. A dictatorship (China) uses slave and prison labor with no employee safety or exploitation protections to compete against America, where people have choices and labor safety regulations.

The Chinese aren't better workers than Americans. They simply work for almost nothing. They have to. The Chinese standard of living is not rising to ours. Ours is falling to theirs.

We are in a race to the bottom. China keeps making stuff cheaper and Americans will have less money with which to buy it because all of our jobs were sent to China. At some point Wal-Mart will sell everything for a nickel and nobody in America will have a nickel.

Free market cheerleaders are boasting "progress" in global economics while millions of unemployed Americans will soon be ready to take to the streets and tear down the system that caused this to happen to the greatest country on earth.

There will be no need to send a child to college. There will be no job for the graduate.

Ross Perot correctly predicted this. All of this has a sound - a giant, sucking sound. It's gonna get ugly.

54 posted on 05/25/2003 6:05:37 AM PDT by NoControllingLegalAuthority
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To: freeper12
Trade equals economic growth, period

Why, certainly. This mercantilist philosophy has produced benefits for England which cannot be measured....except in the Socialist State which the Mercantilists forced.

Not too surprising, is it, that England's middle class has shrunk considerably, except for the bankers...

145 posted on 05/25/2003 4:40:22 PM PDT by ninenot (Joe McCarthy was RIGHT, but Drank Too Much)
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