Global free trade might be OK if it existed. China will not allow American business free access to Chinese markets. They insist that products sold there have to be, in large part, built there. That is not free trade. China has even told Boeing that it will not buy Boeing jets not built mostly in China. That is nonsense and should be grounds to stop the flood of cheap Chinese goods into the United States until it is corrected.
China is hell-bent on destroying American manufacturing as a strategic goal. Our turncoat business leaders are in lock-step to help them achieve that goal. I cannot envision a way to destroy the economy of the United States faster than exporting all of our manufacturing into China proper or to Chinese-owned businesses in other countries. It is absolute national suicide.
I would just like to ask Mr. Limbaugh and Mr. Reynolds of Cato to explain the Congressional testimony of Mr. Jerry Jasinowski, Chairman, National Association of Manufacturers earlier this year. Mr. Reynolds sure cannot. He instead sprinkles his inane comments with little cutesy remarks about superstition and failures to check facts. I think he was projecting.
2.1 million jobs lost in this recent downturn. Plus, "Over the past year and two months, we have seen the weakest manufacturing recovery from recession since the Federal Reserve started keeping tabs on such things back in 1919. The data show that since December 2001, manufacturing production has edged up only 1.6 percent, drastically slower than the first 14 months of the previous six recoveries when growth in manufacturing averaged 10.8 percent."
http://www.house.gov/smbiz/hearings/108th/2003/030409/jasinowski.html
If recognizing that there is unemployment means that I'm a Bush hater then I guess I am a Bush hater, though it's news to me.
China controls about as much of our mfg. dollar as the Arabs controlled American real estate in the early 1980s when there was a paranoia about the Arabs "buying up" American land. They peaked at .001%