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Pat Buchanan : America's Hollow Prosperity
WorldNetDaily.com ^ | 02/15/2006 | Patrick Buchanan

Posted on 02/15/2006 10:42:45 AM PST by SirLinksalot

Our hollow prosperity

--------------------------------------------------------

Posted: February 15, 2006 1:00 a.m. Eastern

PATRICK BUCHANAN

© 2006 Creators Syndicate Inc.

Now that the U.S. trade deficit for 2005 has come in at $726 billion, the fourth straight all-time record, a question arises.

What constitutes failure for a free-trade policy? Or is there no such thing? Is free trade simply right no matter the results?

Last year, the United States ran a $202 billion trade deficit with China, the largest ever between two nations. We ran all-time record trade deficits with OPEC, the European Union, Japan, Canada and Latin America. The $50 billion deficit with Mexico was the largest since NAFTA passed and also the largest in history.

When NAFTA was up for a vote in 1993, the Clintonites and their GOP fellow-travelers said it would grow our trade surplus, raise Mexico's standard of living and reduce illegal immigration.

None of this happened. Indeed, the opposite occurred. Mexico's standard of living is lower than it was in 1993, the U.S. trade surplus has vanished, and America is being invaded. Mexico is now the primary source of narcotics entering the United States.

Again, when can we say a free-trade policy has failed?

The Bushites point proudly to 4.6 million jobs created since May 2003, a 4.7 percent unemployment rate and low inflation.

Unfortunately, conservative columnist Paul Craig Roberts and analysts Charles McMillion and Ed Rubenstein have taken a close look at the figures and discovered that the foundation of the Bush prosperity rests on rotten timber.

The entire job increase since 2001 has been in the service sector – credit intermediation, health care, social assistance, waiters, waitresses, bartenders, etc. – and state and local government.

But, from January 2001 to January 2006, the United States lost 2.9 million manufacturing jobs, 17 percent of all we had. Over the past five years, we have suffered a net loss in goods-producing jobs.

"The decline in some manufacturing sectors has more in common with a country undergoing saturation bombing than with a super-economy that is 'the envy of the world,'" writes Roberts.

Communications equipment lost 43 percent of its workforce. Semiconductors and electronic components lost 37 percent ... The workforce in computers and electronic products declined 30 percent. Electrical equipment and appliances lost 25 percent of its workforce.

How did this happen? Imports. The U.S. trade deficit in advanced technology jobs in 2005 hit an all-time high.

As for the "knowledge industry" jobs that were going to replace blue-collar jobs, it's not happening. The information sector lost 17 percent of all its jobs over the last five years.

In the same half-decade, the U.S. economy created only 70,000 net new jobs in architecture and engineering, while hundreds of thousands of American engineers remain unemployed.

If we go back to when Clinton left office, one finds that, in five years, the United States has created a net of only 1,054,000 private-sector jobs, while government added 1.1 million. But as many new private sector jobs are not full-time, McMillion reports, "the country ended 2005 with fewer private sector hours worked than it had in January 2001."

This is an economic triumph?

Had the United States not created the 1.4 million new jobs it did in health care since January 2001, we would have nearly half a million fewer private-sector jobs than when Bush first took the oath.

Ed Rubenstein of ESR Research Economic Consultants looks at the wage and employment figures and discovers why, though the Bushites were touting historic progress, 55 percent of the American people in a January poll rated the Bush economy only "fair" or "poor."

Not only was 2005's growth of 2 million jobs a gain of only 1.5 percent, anemic compared to the average 3.5 percent at this stage of other recoveries, the big jobs gains are going to immigrants.

Non-Hispanic whites, over 70 percent of the labor force, saw only a 1 percent employment increase in 2005. Hispanics, half of whom are foreign born, saw a 4.7 percent increase. As Hispanics will work for less in hospitals and hospices, and as waiters and waitresses, they are getting the new jobs.

But are not wages rising? Nope. When inflation is factored in, the Economic Policy Institute reports, "real wages fell by 0.5 percent over the last 12 months after falling 0.7 percent the previous 12 months."

If one looks at labor force participation – what share of the 227 million potential workers in America have jobs – it has fallen since 2002 for whites, blacks and Hispanics alike. Non-Hispanic whites are down to 63.4 percent, but black Americans have fallen to 57.7 percent.

What is going on? Hispanic immigrants are crowding out black Americans in the unskilled, semi-skilled and skilled job market. And millions of our better jobs are being lost to imports and outsourcing.

The affluent free-traders, whose wealth resides in stocks in global companies, are enriching themselves at the expense of their fellow citizens and sacrificing the American worker on the altar of the Global Economy.

None dare call it economic treason.


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
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51 posted on 02/15/2006 11:28:48 AM PST by krunkygirl
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To: SirLinksalot

Maybe the Democrats should hire Buchanan. He sounds alot like Clinton did in 1992 when he blathered on about how this country was suffering through the worse economy in 50 years.


52 posted on 02/15/2006 11:29:13 AM PST by steadfastconservative
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To: EternalHope

Yup, my portfolio is up 35%, my home value has doubled and my property value in Florida has increased 500%..thinks are looking pretty bad.


53 posted on 02/15/2006 11:29:49 AM PST by JABBERBONK
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To: Wolfie

"What's the point. Until Hillary's in the White House, people here just won't care."

You're dead-on with this one. Enjoy your umbrella-drinks, boys. There will be a change in '08. The only question is whether it will come from within the GOP. If conservatives don't take the lead on this issue, Hillary will.

"None dare call it economic treason."

I do... Unless your main source of income is playing the markets (in which case you're pretty much a parasite anyways), you're not safe from globalism, either. Every wage earner in this country is under attack. Not to mention that it is a VERY bad idea to be giving the Chinese the means to global domination.


54 posted on 02/15/2006 11:31:29 AM PST by CowboyJay (Rough Riders!)
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To: CowboyJay
>>>>>>>Unless your main source of income is playing the markets (in which case you're pretty much a parasite anyways), you're not safe from globalism, either. Every wage earner in this country is under attack. Not to mention that it is a VERY bad idea to be giving the Chinese the means to global domination.

You are exactly right.

55 posted on 02/15/2006 11:33:14 AM PST by Thorin ("I won't be reconstructed, and I do not give a damn.")
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To: SirLinksalot

Pat is an idiot. when software is shipped out the country it is billed - often for tax purposes - at the cost of the media not the product. So a $100 export might be for 5 million. We export a chip plant to Isreal, does every bit of the intellectual captial get added to the install - NO!!


56 posted on 02/15/2006 11:34:33 AM PST by q_an_a
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To: SirLinksalot

It's funny how SOCIALIST-LIKE these threads become...

Wage-earners...

more government control....

to quote Sen. Byrd: "Too much consumin' goin' on out there"....

It's great.

At least Pat got off of his Hate Israel kick. Not that his followers will see it that way, but then again, it isn't as if Pat will EVER win ANYTHING.....


57 posted on 02/15/2006 11:35:54 AM PST by MikefromOhio (Brokeback Mountain: The ONLY western where the Cowboys GET IT IN THE END!!!)
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To: SirLinksalot
Man, this thread shows what a change has taken place on FR over the last six years. There used to be a pretty vigorous Buchanan brigade.

Just a point, I've seen Buchanan trashed a lot on this thread, but haven't seen any significant refutations of his points. I'm no economist, so I don't know, but without reference to who wrote the column, are there flaws? What are they?

Oh, as a side note, and I've never gotten this one straight in my head. The constitution requires all treaties to be validated by a 2/3rds vote of Congress. Did Congress side-step this by calling it an agreement instead of a treaty? Or was it passed by a 2/3rds vote. If it wasn't, shouldn't NAFTA be challenged in Federal court? Calling a treaty an agreement doesn't change the nature of what it is, and I think that there is substantive legal support that changing the name of something without changing it's underlying nature does not change legal ramifications(Example, calling a chain letter an "investment opportunity" doesn't mean it's not a chain letter).

58 posted on 02/15/2006 11:36:34 AM PST by Richard Kimball
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To: Aquinasfan
Milton Friedman opened my eyes on that one. Either they spend the money, in which case it returns to us, or they burn it, and we keep the stuff.Ah, but the are getting stuff...without spending it. Instead they will just take our industry and technology. Which our companies are stampeding to get over there...and build the plants on our dime. Someone needs to open Milton's yes on this. So they aren't just "burning" it. By not buying our stuff..or just buying paper debt from our government...they hasten the demise of our industry. By strangulation and crowding out.

And if you noticed...they are very, very good at not buying our stuff. They now have $800 billion in currency reserves stockpiled...almost all dollars.

59 posted on 02/15/2006 11:37:00 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: elhombrelibre
"Pat wants to give US tax dollars to Hamas",

Pat agrees with Bush.

Bush SOTU "I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal. (Applause.)"

60 posted on 02/15/2006 11:37:11 AM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: SirLinksalot
The so called "service" industry he bad mouths IS the largest part of the USA economy.

Even Pat is in it. shesh

And the average earnings for even "unskilled" tradesmen willing to go to work in Fort Mac, Alberta right now is $80,000 US a year.

Blame NAFTA.

61 posted on 02/15/2006 11:37:14 AM PST by concrete is my business (prepare the sub grade, then select the mix design)
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To: Darkwolf377
Oh yeah, that's right, Arianna Huffington does have a gender...
62 posted on 02/15/2006 11:37:31 AM PST by .cnI redruM (a right is something that exists simultaneously among people and imposes no obligation on another.)
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To: MikeinIraq; All

Yet these same people complain about the Government being to big.


63 posted on 02/15/2006 11:38:08 AM PST by KevinDavis (http://www.cafepress.com/spacefuture)
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To: ex-snook

I guess you missed pat's recent screed where he was whining about the poor "innocent woman and children" we killed in Pakistan.


64 posted on 02/15/2006 11:38:25 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: A. Pole

Seems like Pat's detractors are a strange lot. They encompass being supporters of a virulently anti-American regime (Mexico), support an Iranian spy as a model Arabian democrat, view the deindustrialization of America as a sign of progress (the same as the enviro left), think Armageddon is around the corner, and the kicker of it all is that they have done a 180 degree turnaround on what constitutes economic health for the average person in terms of debt. Maybe the "End Days" conservatives are right and all this doesn't matter, spend away.


65 posted on 02/15/2006 11:38:41 AM PST by junta (It's Jihad stupid! Or why should I tolerate those who hate me?)
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To: SirLinksalot
Oh why oh why wasn't Pat the Great nominated for the Republican party in 92 or 96? He could have saved America from the evils of unbridled capitalism - with it, Bush is ruining the economy. The percentages of the motherland are falling, the PERCENTAGES!! We need more government regulations to protect us from the wicked people with money (mammon) and products (I don't believe in economics - I never learned about it in high school). We need to make products more expensive - that way, our families can truly benefit.

Pat is having an off day - he left out some things. No more blood for oil in Iraq - where are those BLTs??? 9/11 was our fault for being imperialists...terrorists hate us for what we do, not what we are. Those evil Mohammad cartoons insulted the great prophet - the damn secular hedonists with their freedom of speech, while the poor neo-nazis in Germany are persecuted. Diesel engines.

There, fixed it.

66 posted on 02/15/2006 11:39:31 AM PST by M203M4
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To: dead
The answer is less government interference. Not more.

You hit it squarely on the head.

As Mises pointed out, one government intervention in the economy always brings some unintended results, leaving planners with the choice of making further interventions or repealing prior ones.

They invariably choose further interventions.

The march toward tyranny continues.

67 posted on 02/15/2006 11:39:35 AM PST by logician2u
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To: MikeinIraq
"Too much Consumin' goin' on." Was Earnest Hollings. Sorry Mike, but you ID'd the wrong fossil on that one.

Perhaps Hollings had gone for cocktails w/ Christopher Dodd and Edward Kennedy.
68 posted on 02/15/2006 11:40:09 AM PST by .cnI redruM (a right is something that exists simultaneously among people and imposes no obligation on another.)
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To: hedgetrimmer

The basic premise of your post is totally flawed. These "foreign entities" are the ones bidding on this U.S. infrastructure because U.S. companies recognize them as a terrible investment. Anyone who buys a U.S. highway these days with the expectation that it can be run as a profitable business is out of his mind.


69 posted on 02/15/2006 11:40:50 AM PST by Alberta's Child (Leave a message with the rain . . . you can find me where the wind blows.)
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To: CWOJackson
Pat agrees with Bush.

Bush SOTU "I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal. (Applause.)"

70 posted on 02/15/2006 11:42:06 AM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: ex-snook
"With U.S. troops tied down in Afghanistan and Iraq, and Pakistanis inflamed over a U.S. airstrike that wiped out 13 villagers, including women and children, it would seem another war in the Islamic world is the last thing America needs."

pat fails to mention the bad guys who were the target and who we took out.

71 posted on 02/15/2006 11:44:55 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: JABBERBONK
Yup, my portfolio is up 35%, my home value has doubled and my property value in Florida has increased 500%..thinks are looking pretty bad.

Do you think that economy can be based on rising real estate values?

72 posted on 02/15/2006 11:45:39 AM PST by A. Pole (If outsourcing is such a good thing, why don't the executives outsource their own jobs overseas?)
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To: Richard Kimball
I've seen Buchanan trashed a lot on this thread, but haven't seen any significant refutations of his points. I'm no economist, so I don't know, but without reference to who wrote the column, are there flaws? What are they?

Other than the explanation that our trade deficits at this point in time do not matter because foreigners re-invest the money they make selling goods and products back to us, I have not seen a good refutation of one of Pat's major point --- THAT THE JOBS CREATED IN THE USA ARE NOT THE SAME ONES AND ARE NOT OF THE SAME QUALITY THAT WERE CREATED DECADES AGO.

Buchanan's point is that the low behind unemployment rate lies something we should not ignore --- the high tech and brain power related jobs are not being created but are in fact DECREASING. Most of the jobs created are the low end service jobs like waitressing and handling bed pans the like.

True or false ? If the later, what statistics can you show to back your argument up ?

What really disappoints me is the "shoot the messenger" responses I have been reading from this thread. In other words --- "I don't like his message, therefore, he's a jerk." That makes for very good rhetoric, but does nothing to address the issue he brings up. FR posters ought to be better than that IMHO.
73 posted on 02/15/2006 11:45:54 AM PST by SirLinksalot
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To: Paul Ross
Instead they will just take our industry and technology.

National security and patent protection are separate and important issues.

They now have $800 billion in currency reserves stockpiled...almost all dollars.

If they don't buy anything with it, all they will own is green pieces of paper. They'll spend the money eventually, and it will return to us.

74 posted on 02/15/2006 11:46:00 AM PST by Aquinasfan (Isaiah 22:22, Rev 3:7, Mat 16:19)
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To: CWOJackson

Pat agrees with Bush.

Bush SOTU "I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal. (Applause.)"


75 posted on 02/15/2006 11:46:19 AM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: ex-snook

pat agrees with Hamas...


76 posted on 02/15/2006 11:46:57 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: SirLinksalot

Time to make some popcorn. This should be fun. NAFTA supporters, where are you ?


77 posted on 02/15/2006 11:47:04 AM PST by Jack Black
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To: hedgetrimmer
Oh really? Is that why the citizens of Texas can't afford to build their own highway system

Texas has more tax revenues then ever. The fact that they have chosen to finance their unneccessary highway through Cintra rather than through taxes is irrelevent. Texas could raise taxes to pay for the highway if it wanted to.

78 posted on 02/15/2006 11:47:25 AM PST by Rodney King (No, we can't all just get along.)
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To: CWOJackson

Pat agrees with Bush.

Bush SOTU "I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal. (Applause.)"


79 posted on 02/15/2006 11:48:46 AM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: elhombrelibre
Ssh, don't tell Pat that. He thinks our money will never come back.

Shhhhh. Don't tell yourself. The Red Chinese are now hoardimg $800 billion of currency...and they aren't buying our stuff. 5-to-1 trade imbalance. They buy only our production technology when they can't otherwise steal it or get it elsewhere...or they buy raw materials from us (as if we were a third world pesthole). Then they turn around and increase their export product to us.

Nor is the money, in any significant degree, flowing back via intermediaries. Go figure, LOL!

80 posted on 02/15/2006 11:49:00 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: MikeA
I read you loud and clear but do you know or do you understand why trade deficits are alleged to not be an indication of an economy in trouble?

It was written several years ago if I can remember correctly that when we experience a trade deficit we get goods from abroad and all they get is pieces of paper, which they in turn have to return to us for something of value, so in the end it is a wash. Then lately, I read that a deficit of trade is actually good for our economy because all the pieces of paper foreigners have is invested in means of production and property in the USA (ostensibly because if we had goods and services they wanted there would not be a deficit to begin with) raising the value of our property (making us rich) and increasing our productivity (reducing the need for labor units and jobs).

I couldn't help but think when I read this about the banker who lent nearly everybody in town money to buy a house. He had cash and he invested in property. It is like he was using his cash to invest in the national debt (as do foreign institutions using excess dollars earned in trade). Although house owners had home to live in the banker got rich and was able to build a golf course, buy vacation property, etc., while the home owner paid down his debt.

Home owners who were able to buy without debt do much better as it is better to be on the ownership side of investment or on the loaner side of investment than on the interest paying side.

When we as a nation support our consumption through the demand of investment from without and are required to pay interest on consumption we are at a disadvantage, no matter what is said to disabuse one of the facts.
81 posted on 02/15/2006 11:49:12 AM PST by Final Authority
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To: hedgetrimmer
Can you disprove this statement?

Can you prove it? Just because two "economists" and a couple of wing-nut columnists write it doesn't mean it's the truth either.

I'm sure you remember that old adage regarding statistics.

82 posted on 02/15/2006 11:49:45 AM PST by wireman
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To: hedgetrimmer
No matter what you say Hedge ole boy or how you back it up. To many have bought into the hijacked theology of free trade. Lest they forget that 450 of 900 points Ricardo made concerning free trade the IMMOBILITY of capital and technology was a must! You never hear that though.
83 posted on 02/15/2006 11:50:33 AM PST by mr_hammer (They have eyes, but do not see . . .)
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To: A. Pole
Freetraders arguments are OVERWHELMING !

LOL! Yes, the do lack variety, and originality, not to mention persuasiveness!

84 posted on 02/15/2006 11:50:58 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: dead

All the way to post 13 to get one that isn't a jibe at Pat or his stands on the WOT. Good for you for getting to the issue.


85 posted on 02/15/2006 11:51:07 AM PST by Jack Black
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To: ex-snook
pat agrees with Hamas:

"Having plunged us into an unnecessary war, Bush now confronts the real possibility of strategic defeat and a failed presidency. His victory in Iraq, like the wars of Wilson and FDR, has turned to ashes in our mouths. And like Truman's war in Korea and Kennedy's war in Vietnam, Bush's war has left America divided and her people regretting he ever led us in. But unlike the world wars, Korea and Vietnam, Bush cannot claim the enemy attacked us and we had no choice. Iraq is Bush's war. Isolationists had nothing to do with it. To a man and woman, they opposed it."

"Now, with an army bogged down in Afghanistan and another slowly exiting Iraq, and no end in sight to either, Bush seeks to counter critics who warned him not to go in by associating them with the demonized and supposedly discredited patriots of the America First movement of 1940-41."

86 posted on 02/15/2006 11:51:15 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: CWOJackson
>>>>I guess you missed pat's recent screed where he was whining about the poor "innocent woman and children" we killed in Pakistan.

A complete mischaracterization: Pat wrote that the Pakis didn't like us because we had killed women and children there.

Of course, this has nothing to do with the topic of this Buchanan column, which you seem incapable of understanding or discussing rationally.

87 posted on 02/15/2006 11:51:17 AM PST by Thorin ("I won't be reconstructed, and I do not give a damn.")
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To: Thorin

Actually pat made a long and lengthy article about how we had killed innocent women and children and never once mentioned that the bad guys had been the target...and that we had taken out the target.


88 posted on 02/15/2006 11:53:07 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: logician2u
The march toward tyranny continues.

All pursuant the Chinese Communist government intervention.

89 posted on 02/15/2006 11:55:23 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: SirLinksalot
Let's see:

No one is watching our southern border, and very few seem to care; as evidenced by most of the flat-world-flat-head responses.

Military hardware components are frequently made outside the us. That makes a lot of sense; to someone.

Dubai just purchased the management rights to all of the US' major ports, which they bought from the Brits. See the page 19 blurb for the story.

Free trade is not free and will ultimately cost the US its future. Economically unpatriotic? You bet!

Right on Pat.
90 posted on 02/15/2006 11:55:37 AM PST by markedman (Islam means surrender, and I will NEVER surrender!)
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To: Aquinasfan
They'll spend the money eventually, and it will return to us.

Whistling in the dark....

91 posted on 02/15/2006 11:56:20 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: Aquinasfan

They are spending the money. On factories, machines, infrastructure, oil, other commodities and new buildings. Most of which are NOT in the USA.

How are we all going to be rich if we don't have high paying jobs? What high paying jobs will we have if everything of value is made elsewhere.

All the people saying "Pat is an idiot" are dodging the question completely. OK, we heard you!!! You don't like Pat! Great. He's not my top choice for a golf partner.

But I don't see real answers to the questions he poses. NAFTA was not passed with Al Gore aruguing "by passing this the Mexican economy will collapse, the south western USA will be overrun by illegals, and millions of high paying jobs will leave America never to return".

Did he? NO!


92 posted on 02/15/2006 11:57:14 AM PST by Jack Black
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To: SirLinksalot

To think I once supported this jerk!!. Reminds one of Barry Goldwater who went liberal toward the end.


93 posted on 02/15/2006 11:57:28 AM PST by KenmcG414 (wHAT'ST)
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To: SirLinksalot
Well, also, much of our employment now is government makework that doesn't produce anything. If there are actually 1.1 million new government jobs, the underlying employment is simply reducing the efficiency of the overall machine by taking money from the people generating products and giving it to people regulating people generating products.

Also, the they're taking the deficit dollars and investing them here argument doesn't make a whole lot of sense to me, except in the case of say, Toyota, that is building automobile plants here now, and then exporting the cars out of the US. If we've got a trade deficit with China, and they're using those funds to buy stock in say, Exxon, aren't we really just selling a tangible assest for a consumable (kind of like trading our car for a trip to Disneyworld)? (just an example, not to be confused with actual stock purchases).

94 posted on 02/15/2006 11:59:08 AM PST by Richard Kimball
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To: KenmcG414

You should check out everything he's written in the last two months over at the World Net Daily website: they all have one common theme...they are anti-Bush. Or course we're expected to believe this article is accurate and doesn't push his personal agenda.


95 posted on 02/15/2006 11:59:58 AM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: CWOJackson
Pat agrees with Bush. Bush SOTU "I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal. (Applause.)"

P.S. The topic of Pat's column is trade.

96 posted on 02/15/2006 12:00:14 PM PST by ex-snook (God of the Universe, God of Creation, God of Love, thank you for life.)
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To: logician2u

Your mincing words. The "FT" in NAFTA stands for Free Trade. Yes, it is not some internationalist-libertarian wet dream policy. No, it is not a restrictive mercantilist high-tarrif, industry protecting policy like we had for many years, which Buchanan has suggested for more than a decade we go back to.

Mincing words isn't making a point.


97 posted on 02/15/2006 12:00:35 PM PST by Jack Black
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To: Rummyfan

"Yeah, like, who cares?"

People whose understanding of economic and monetary systems peaked circa 1600.

It's leakage of an expanding economy, not net loss, people.

They need to go crack a macro-economics book written in this century.


98 posted on 02/15/2006 12:00:58 PM PST by MeanWestTexan (Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
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To: ex-snook

You mean the way pat demands we keep funding Hamas?


99 posted on 02/15/2006 12:01:00 PM PST by CWOJackson (Tancredo? Wasn't he the bounty hunter in Star Wars?)
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To: Aquinasfan
National security and patent protection are separate and important issues.

But both require, GASP!, government action to enforce.

Can't have any of THAT apparently.

100 posted on 02/15/2006 12:01:05 PM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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