Originally posted by Paul McKenna:
Bush could do two things, at least, that could give him an upper edge over Kerry for the time being. Restore the Steel embargos to gain back the support of the blue collar workers and come out with some import duties on software imports (highly unlikely, I think) to appease the white collar workers.
Restore the Steel tariffs? They were illegal, the U.S. had to back down.
The US expounds this idea of free trade through the WTO and NAFTA, however how free is it truly when countries under the mandate of the IMF are forced to sell off and privatize their infrastructure and vital resources? Bolivia's
water war with Bechtel comes to mind as well as Argentina being foced to peg their peso to the US dollar while neighboring countries were able to undercut Argentina's prices making it exceptionally difficult for Argentina to export goods and hence generate economic recovery. Free trade has been less then fair.
Had the US maintained the tariff, many of the other members of the WTO would have struck back with tariffs of their own, and with the US still fighting a recession, that would have exasperated a tenuous situation. It would be hard to stimulate consumerism with ever increasing prices.
Whether it be indentured servitude, slavery, migrant workers, or out sourcing, much of the wealth of this country has been generated through cheap to free labor. Occasionally a bubble occurs, however how different is the tech industry of today from the rail road industry, steel industry, auto mobile industry and airline industry of yore?
The anomaly of reading "Learn
Java in 24 Hours" and getting a 100k/year job are gone. Unfortunately the misperception of maintaining entitlement to that has not.
To those who take issue with outsourcing and wish to maintain jobs in the US, my only suggestion is don't buy from those companies. It seems silly to complain about companies outsourcing to China then support that comapany with hard earned dollars.