LET LOOSE THE TIGERS! (or the tale of how GATT and NAFTA destroyed AMERICA. Two very harmful trade treaties that YOUR CONGRESS let happen)
What caused the recession in America? The Wall Street Derivative market which caused bank failures gets a large part of the blame. Then, the seductive banks with their ‘buy a house with adjustable rates, you’ll be just fine’ line of palaver… That created the mortgage crisis but there’s MORE!. The repeal of the Glass Steagall act by Clinton and the Republicans let bankers and Wall Street get down and dirty and tricky with YOUR MONEY so the Gov had to bail them out. Bankers should get the blame for that one. But to sink a country, you need one other factor. CORPORATIONS must have the same freedom to do as they please, same as bankers.. so our vote for the major part of the blame goes to "the Best Congress that Money can Buy" Yep, your Senators and Congressmen! The super rich paid these morons to vote in GATT AND NAFTA, two nasty trade treaties that allowed manufacturers to move factories to the third world. That left union workers jobless and homeless but those treaties gave freedom both ways. They also allowed third world manufacturers to sell their goods very cheaply here, undercut American products, clothing, appliances, farmers with food to trade. There suddenly were no more protective tariffs. We opened the kitchen to the cockroaches and put yummies out to lure them in. AMERICA, LAND OF THE FREE. Free to do what you want if you’re rich. Yes, the Jobs Crisis was created knowingly by a bought Congress and the GOP was the handmaiden or midwife at this monstrous birth. Your own children will never get union jobs as Gatt/Nafta made unions a thing of the past. Activists in Seattle protected, nobody else did. Google it. Look for a group in your city that tried to stop Gatt, Nafta or put back the Glass Steagall. YOU LET the tigers out of the cages by letting CONGRESS roam the zoo at night! You locked up the cops. Welcome to BRAVE NEW WORLD. Big Brother has you by the Ruby BEGONIAS, sonny!
President Bush and his advisers are puzzled and worried. Economic liftoff took place right on schedule in July when the tax cuts took effect. In the last six months of 2003, the economy blazed along on a growth path of 6 percent. But where are the jobs?
Last week’s jobs report, with hundreds of thousands giving up the search for work, and manufacturing jobs disappearing for the 43rd straight month, jolted the White House. What is going on?
2010 POSTER’s NOTE: HEY PAT, 2004 was only the Beginning of the Great Recession. Wait til 2010, you’ll see three straight years of declining figures and it still hasn’t stopped! And you got it babe, TRADE TREATIES sent our jobs to oingoboingo land where workers earn a buck an hour, now neither them nor us can buy a product any AmerCorp is selling! Jokes on them quick buck CEOS, as most Americans cannot buy American products anymore. The middle class is barely holding on to their job and will probably have the big SUV repo’d any day. Lower class has to buy used cars and can barely afford to tag and license and insure .. at least without impinging on their EATING patterns.
2012 POSTER’S SECOND NOTE. It’s now mid 2012 and the recession is deepening. It’s now 8 long yrs. This is no 7 bad years of Pharoah. This was a whole re-engineering of Society and the Economy. OK PAT, go on:
What is going on here? Well, now in 2004, our Pols are calling it a “jobless recovery”. Wrong. Millions of jobs are being created. They’re just not being created here in the United States.
The reasons can be traced to these four acronyms: NAFTA, GATT, WTO, PNTR. These are the trade treaties and global institutions that have permitted the historic substitution of foreign labor for American labor, to the enrichment of the transnational companies that look upon the Congress as a wholly owned subsidiary.
Numbers do not lie. In 2003, America exported $1 trillion in goods and services. Almost 10 percent of GDP. Excellent. By the Clinton-Bush I rule “ $1 billion in exports creates 20,000 jobs “ that $1 trillion worth of exports created 20 million jobs. Exports are good for America.
The problem? We imported $1.5 trillion in goods and services. That created or supported 30 million jobs abroad. But even this understates the case. For foreign workers can be hired at a fraction of the cost of a U.S. worker. Our $1.5 trillion in imports is probably supporting 150,000,000 jobs abroad.
The U.S. trade deficit is the greatest foreign aid and wealth transfer program in history, and our workers are paying for it by the loss to their families of the American Dream.
Consider China. With some $150 billion in imports from China last year, we supported 3 million jobs there. But as China’s wages are a tenth of U.S. wages, or less, we are probably talking about 30 million or 40 million jobs in China that are tied to exports to the United States.
For the Bush Republicans, the chickens are coming home to roost.
As Robert Novak reports, North Carolina welcomed Sen. John Edwards home after his unsuccessful campaign as a hero. Why? At the end, Edwards was a fiery adversary of the Bush-Clinton trade deals, a denunciator of NAFTA, a champion of workers. Indeed, just as almost all the Democrats ended up the campaign sounding like Howard Dean on Iraq, on trade they had all begun to sound like Dennis Kucinich.
North Carolina may now be in play in November, says Novak. If so, and Bush loses the Tarheel State, he loses the presidency.
At a weekend conference on immigration and jobs hosted by The American Cause, which this writer chairs, one speaker blurted out that while he voted for Bush in 2000, he would never do so again. The room erupted in applause, though virtually all there were conservatives, and all had once been Goldwater-Nixon-Reagan Republicans.
The crisis of the Bush dynasty is that, like the Bourbons of France, they have learned nothing and forgotten nothing. They do not understand that we have entered a new world where the old ways no longer work. They yet recite the old litanies that lost their relevance in the Reagan decade.
When the Soviet Union collapsed in 1991, and India abandoned state socialism, and China threw open its doors, a billion workers were thrown onto a global job market to compete against Americans who earn 10 and 20 times their wages.
The trade deals the U.S. government then negotiated, at the behest of U.S. corporations, were not really trade deals at all, but enabling acts. U.S. corporations were told: You can now shut your U.S. factories, shed your U.S. workers, build your new plants in Mexico, China and India, and bring your finished goods back to the United States, free of charge. Go for it!
As Paul Craig Roberts writes, what is happening is not “free trade” in the Adam Smith sense where Portugal makes wine and Britain makes textiles and ships. What is happening is the mass transfer of the “factors of production” from First World countries to Third World countries.
What is happening in the world is what happened in America after World War II, when factories moved to the Sun Belt in search of non-union labor that would work as hard for half of what the high-paid workers in the industrial heartland demanded and got.
Asia is the new Sun Belt, and America is fated to be the “Rust Belt” of the world, as China becomes the factory floor of the global economy and India, through outsourcing, its back office.
Republican free-trade dogma inhibits action to protect U.S. jobs. The GOP is hogtied and hamstrung by its ideology in dealing with the crisis. Its only response is to mutter with Dr. Pangloss that it is all for the best.
The GOP is fortunate its opponent in 2004 is John F. Kerry, who is as clueless as they are on the new world economy that has been designed, and is operating, to loot America of her patrimony.”
NOTE: This is true, but hey, isn’t this eradicating famine in mosquito infested third world countries? Sure, it’s coming out of our ribs but we are porky in the extreme. We can scurry for a new kind of revenue and it doesn’t hurt us. Ex programmers open art galleries. Or paint paintings. Or become chefs. Don’t they?
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Our POSTER is ANITA SANDS HERNANDEZ, Los Angeles Writer, Futurist and Astrologer. Catch up with her websites TRUTHS GOV WILL HIDE & NEVER TELL YOU, also The FUTURE, WHAT'S COMIN' AT YA! FRUGAL LIFE STYLE TIPS, HOW TO SURVIVE the COMING GREAT DEPRESSION, and Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also ARTISANRY FOR EXPORT, EARN EUROS....* Anita is at email@example.com ). Get a 15$ natal horoscope "my money/future life" reading now + copy horoscope as a Gif file graphic! No smarter, more accurate career reading out there!
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