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Post by graybeard on Oct 6, 2010 4:25:02 GMT -6
from www.RobertReich.org"Smoot-Hawley here we come." "Willis Hawley and Reed Smoot, you may recall, sponsored the Tariff Act of 1930 that raised tariffs to record levels on more than 20,000 imported goods. The duo said this would protect American jobs and revive the economy. It did the reverse, plunging the nation into an even deeper depression. Other nations retaliated. Global trade plummeted. Americans got poorer, as did millions of others around the world..." Except when he's spouting Free Traitor trash, this guy is quite rational. Let's all respond directly in emails. I've hammered him repeatedly about needing 100% inspection of imports, without a single acknowledgement, but he has to be reading it. Bob@RobertReich.orgThe guy obviously doesn't connect the shoddy shit like coffee makers and toilet seats that fail prematurely with Benedict Arnold corporations and their cheap imports. Nor does he connect our 6:1 imbalance of trade with impoverishment. Otherwise, he has some pretty rational ideas; like ending cotton subsidies in the US that unfairly hurts cotton farmers in Africa and around the world. GB
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Post by waltc on Oct 6, 2010 11:07:49 GMT -6
The guy has always been a tool for the corporate side of the Democratic party and I doubt he's going to have a change of heart anytime soon.
Look if the gutting our of nation's manufacturing and tech sector along with all the mass IP China is committing doesn't sway him, nothing will.
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Post by unlawflcombatnt on Oct 7, 2010 18:26:58 GMT -6
Reich's article is an interesting mix of arguments for AND against free-trade and globalization.
Reich makes great arguments against free trade and outsourcing, but then turns around and implies that he supports free trade.
Reich freely acknowledges that globalization has suppressed American wages and that any gains from globalization have gone to those at the top. But then he rails against those who oppose free trade.
You have to wonder if Reich is aware of the mixed message he's conveying here.
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Post by blueneck on Nov 2, 2010 8:55:55 GMT -6
Sadly most of his articles lately are apologetics for the failed trade policy of the Clinton admin.
as said above on one hand he decries the economic declines of the middle class, but fails to make the connection to offshoring and other failed economic policies, intentional or ignorant i haven't figured out yet
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