Posted by
lge on Thursday, March 06, 2008 10:04:04 PM
"Free trade is essential to the creation of high-paying quality jobs," said Bush on Thursday.
What economic illiteracy! We need the rest of the world in order to have jobs? That doesn't even rise to the level of Cliff Notes economics. That's Economics for Dummies, economics for dimwits, economics sloganeering, economics bumper stickers.
In the first place, loss of productive capital is not what is meant by "free trade." Off-shoring of all our factories impoverishes us, costs us jobs, and makes the dollar not worth a plugged nickel.
In the second place, a growing amount of productive capital was identified by Adam Smith as the key, the essential source, of "wealth of nations."
In the third, look around! Don't all those deserted factories, with grass growing through the asphalt, disturb you? If not, you're self-deluded by the emperor's new clothes. You're able to cling to theory and discard reality. You can believe in the picture presented by your half-grasped theories, and shut your eyes to actual evidence.
In any case, our economy is being run, and ruined, by infants and dimwits. As Patrick Buchanan asked in a recent column,
Is there not a correlation between $4.3 trillion in trade deficits under
Bush, the 3 million manufacturing jobs lost under Bush, the fall of the
dollar by 50 percent against the euro under Bush and the resurgence of
inflation, signaled by a quadrupling of the price of gold, under Bush?
Connect the dots, all you jackasses in Washington!