Richard94611 wrote:
I still come back to the time of Clinton, when he was setting up free trade agreements. Didn't he know what was going to happen to American manufacturing ? It would be interesting to know what his thinking was back then.
Back at the time it was not so hard to support Clinton in those free trade agreements, I am in this instance a little bit guilty of what I often criticize democrats of which is not projecting out the far reaching impact of their economic policies to better access their unintended impact. Did we really believe that there could be peace in the world with massive societies such as India and China having the overwhelming majority of their populations living in abject poverty, living in conditions that are considered as intolerable and cause for human rights concerns here in this country? We also over estimated the American work ethic and educational system, and underestimated the economic conditions that would see so many US corps offshore their productive capacities. You can hardly blame them because as our modern international economy developed, those who did not make the move would be short lived... there is noway that they could compete and survive in the markets that developed without exploiting the same advantages that their competitors were exploiting.
You can complain all you want about corporate greed and its causation of the downfall of our economy, but you can't get past the fact that had these huge corporations not made the moves that they made they would not be in business today, you can also look to the consumer, as we have shown that when it comes to spending our money we are going to balance quality and price range of a commodity or product, then we are going to in most cases find the best value at the lowest price. That is simply a basic economic rule, remember economics is more a study of human behavior and interaction than it is a study of dollars and cents.
At anyrate, we far under estimated the impact that free trade would have on our country, we had for so long been the king of the hill and felt that we could compete with anybody and that our skills and processes would be competitive with cheaper labor. We also recognized that given time and a proper adjustment period that the development of third world economies would open new markets for American products and services, little did we know that we would no longer be producing those goods as we shipped a great percentage of our production overseas.
Yes, there should have been smarter people that could have correctly argued the future impact of such decisions, but they also would have had their detractors who would have argued the opposite, some on a principled basis and others on a paid basis as it is clear that many large corporations were in favor of the agreements for reasons other than those stated for public consumption....
We are losing Richard, and not much is going to change until our government, both democrats and republicans unshackle themselves from the special interest chains that bind them..
When you speak education, it is very clear that the dems do not really care about education when placed on balance with the teachers and public employee unions..
When you speak of economic reform and regulation, it is clear that the republicans have no intention of reigning in Wall Street and the raping of the American public that happens there almost daily. What is worse both parties depend on these crooks to fund the government...
These discussions are so disheartening as the political class really does not give a crap about this country's future and that includes our president, it has all become about their parties and political power... little else is important to them.