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The American Empire in a Changing World



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Monday, June 20, 2011

'Thanks to both parties, the cumulative trade deficits since 1976 add up to a staggering $10 trillion'

the american people have sold out by the military industrial complex, multi-national corporations and all three branches of our so called government.......the budget for the "war department" is not about keeping americans safe, but rather to keep the world safe for the fortune 500........a must read..................from philly.com....

"Who's to blame?

But don't fault just Congress. Every occupant of the White House, regardless of party, has been equally zealous in selling out workers on trade matters. For decades, every president has been an ardent advocate of free trade and has resisted any significant step that might be interpreted as protectionist, this even though our trading partners were doing the opposite.
In 1985, after thousands of textile-industry jobs had been lost to imports, Congress passed legislation to impose higher tariffs on textile imports, but President Ronald Reagan vetoed the bill, calling it protectionist and a violation of free trade. "We want to open markets abroad, not close them at home," he said in a refrain that had become distressingly familiar to American workers in many industries. Even though he had just killed a bill that would have saved jobs, Reagan sought to assure textile employees that he was on their side and insisted that he would not "stand by and watch American workers lose their jobs because other nations do not play by the rules." In fact he did just that. There were 746,000 textile industry workers in 1984 when Congress and Reagan took up the issue of textile tariffs. By the time he left office, the number was down to 728,000. Today, only an estimated 120,000 workers are left, according to the Labor Department.


Despite all the bluster out of Washington demanding fair-trade policies by our trading partners, the United States has not had the political will to back up the rhetoric. To do that in all likelihood would require administering a dose of what the ardent free-traders call protectionism. But our trading partners know that's not going to happen. The pressure from powerful multinational corporations and the uproar from some economists and media types would make any move to establish trade restrictions - even temporarily - next to impossible in Washington.


So if the real problem is the trade deficit, not the budget deficit, why are Congress and the White House fixated on spending rather than trade? Because turning a trade deficit into a surplus could be harmful to the ruling class and the superrich whose investments are spread around the globe. Congress intends to correct the budget deficit, on the other hand, by hammering the middle class and the working poor, slashing Social Security and Medicare. This even though that deficit could be eliminated over time if a few adults sat down and negotiated around a table. Unfortunately, adults are in short supply in Washington"..................LINK

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