Re: Financial topics
Posted: Sun Feb 28, 2016 8:28 am
http://crooksandliars.com/2015/01/nafta ... tives-free
So let's fix three pieces in our brains:
▪ Before NAFTA passed, Bill Clinton, Pete Peterson and a raft of "pre-NAFTA economic studies" predicted one million new jobs, increased exports, and a lower trade deficit.
▪ After NAFTA passed, we lost one million jobs, increased imports, and increased the trade deficit by a factor of almost 5.
▪ Pro-NAFTA companies, who promised to create new jobs here, moved existing jobs abroad almost as soon as it was signed.
The third piece counts. Clinton claims to have been mistaken on free-trade policy (as opposed to having been knowingly complicit with the damage). But I can't imagine either Peterson or any American CEO didn't have the obvious stapled in front of them — that when it's cheaper to export jobs, you export jobs and pocket the cash. That NAFTA was going to be a gift of cash from the day it was conceived.
In other words, NAFTA was designed by its creators to export jobs, and "predictions" to the contrary were just propaganda.
order your moa jackets now, beat the rush http://www.ebay.com/bhp/mao-jacket
Really Frank? Maybe you should have sounded the alarm when conservatives consistently demeaned, insulted, and legislatively repressed gays, blacks, women, and poor people. Maybe declaring the future is so unimportant that we can ban the Environmental Protection Agency makes young people go hmm. Maybe, just maybe, when the average student loan debt crosses the $30,000 mark, people of college age decide that the Republican House, which chose tax cuts for corporations over increases to Pell Grants, is really truly not on their side.
http://crooksandliars.com/2016/02/frank ... -gosh-darn
Maybe the problem isn't with young people, Frank Luntz. Maybe they are forming their political foundation at a time when being liberal is the most self-interested stand they can take. That should scare the crap out of conservatives. Reap what you sow.
The next NAFTA is called "TPP" (the Trans-Pacific Partnership), there's a trans-Atlantic version in the wings (called, TPIP), and Barack Obama is playing the Clinton game with both. He and his corporate-controlled friends are pushing for them, starting with TPP, hoping that a Republican Congress can give him what a Democratic Congress could not.
Of course they're promising "more jobs" again, but the deal itself and the negotiations are in secret, and they'll only allow a vote under "Fast Track" rules — no amendments, just an up-or-down vote. All of this to promote deceptively named "free trade," meaning freedom for the global holders of wealth to do whatever they want with it anywhere in the world.
Here's Alan Grayson on what "free trade" has done to America (my paragraphing):
Trade is a simple concept. You sell me yours, and I’ll sell you mine. That’s not what’s happening. What’s happening is that day after day, month after month, and year after year, Americans are buying goods and services manufactured by foreigners, and those foreigners are not buying goods and services manufactured by Americans.
We are creating millions — no — tens of millions of jobs in other countries with our purchasing power, and we are losing tens of millions of jobs in our country, because foreigners are not buying our goods and services.
What are they doing? They’re buying our assets. So we lose twice. We lose the jobs, and we are driven deeper and deeper into national debt – and, ultimately, national bankruptcy. That is the end game.
This is not free trade; it’s fake trade. We have fake trade. That’s why before NAFTA was enacted and went into effect, this country never had a trade deficit as much as $140 billion a year, while every single year since then — for 20 years now — we have had a trade deficit of over $140 billion a year. We have had a[n average annual] trade deficit of half a trillion dollars now, for the past 14 years.
Thanks to fake trade, right now, 1/7th of all the assets in this country — every business, every plot of land, every car – 1/7th of all the assets in the country are now owned by foreigners. And ultimately, if we keep going the way we’re going, they all will be.
That’s why we have the most unequal distribution of income [among all industrial nations] in our country, [and] the most unequal distribution of wealth in our history. We’re in a deep, deep hole. And there’s a simple rule about holes: When you’re in a hole, stop digging. Stop digging!
For a family or a nation, putting your assets for sale is the opposite of earning money. It's literally the road to financial ruin.
So let's fix three pieces in our brains:
▪ Before NAFTA passed, Bill Clinton, Pete Peterson and a raft of "pre-NAFTA economic studies" predicted one million new jobs, increased exports, and a lower trade deficit.
▪ After NAFTA passed, we lost one million jobs, increased imports, and increased the trade deficit by a factor of almost 5.
▪ Pro-NAFTA companies, who promised to create new jobs here, moved existing jobs abroad almost as soon as it was signed.
The third piece counts. Clinton claims to have been mistaken on free-trade policy (as opposed to having been knowingly complicit with the damage). But I can't imagine either Peterson or any American CEO didn't have the obvious stapled in front of them — that when it's cheaper to export jobs, you export jobs and pocket the cash. That NAFTA was going to be a gift of cash from the day it was conceived.
In other words, NAFTA was designed by its creators to export jobs, and "predictions" to the contrary were just propaganda.
order your moa jackets now, beat the rush http://www.ebay.com/bhp/mao-jacket
Really Frank? Maybe you should have sounded the alarm when conservatives consistently demeaned, insulted, and legislatively repressed gays, blacks, women, and poor people. Maybe declaring the future is so unimportant that we can ban the Environmental Protection Agency makes young people go hmm. Maybe, just maybe, when the average student loan debt crosses the $30,000 mark, people of college age decide that the Republican House, which chose tax cuts for corporations over increases to Pell Grants, is really truly not on their side.
http://crooksandliars.com/2016/02/frank ... -gosh-darn
Maybe the problem isn't with young people, Frank Luntz. Maybe they are forming their political foundation at a time when being liberal is the most self-interested stand they can take. That should scare the crap out of conservatives. Reap what you sow.
The next NAFTA is called "TPP" (the Trans-Pacific Partnership), there's a trans-Atlantic version in the wings (called, TPIP), and Barack Obama is playing the Clinton game with both. He and his corporate-controlled friends are pushing for them, starting with TPP, hoping that a Republican Congress can give him what a Democratic Congress could not.
Of course they're promising "more jobs" again, but the deal itself and the negotiations are in secret, and they'll only allow a vote under "Fast Track" rules — no amendments, just an up-or-down vote. All of this to promote deceptively named "free trade," meaning freedom for the global holders of wealth to do whatever they want with it anywhere in the world.
Here's Alan Grayson on what "free trade" has done to America (my paragraphing):
Trade is a simple concept. You sell me yours, and I’ll sell you mine. That’s not what’s happening. What’s happening is that day after day, month after month, and year after year, Americans are buying goods and services manufactured by foreigners, and those foreigners are not buying goods and services manufactured by Americans.
We are creating millions — no — tens of millions of jobs in other countries with our purchasing power, and we are losing tens of millions of jobs in our country, because foreigners are not buying our goods and services.
What are they doing? They’re buying our assets. So we lose twice. We lose the jobs, and we are driven deeper and deeper into national debt – and, ultimately, national bankruptcy. That is the end game.
This is not free trade; it’s fake trade. We have fake trade. That’s why before NAFTA was enacted and went into effect, this country never had a trade deficit as much as $140 billion a year, while every single year since then — for 20 years now — we have had a trade deficit of over $140 billion a year. We have had a[n average annual] trade deficit of half a trillion dollars now, for the past 14 years.
Thanks to fake trade, right now, 1/7th of all the assets in this country — every business, every plot of land, every car – 1/7th of all the assets in the country are now owned by foreigners. And ultimately, if we keep going the way we’re going, they all will be.
That’s why we have the most unequal distribution of income [among all industrial nations] in our country, [and] the most unequal distribution of wealth in our history. We’re in a deep, deep hole. And there’s a simple rule about holes: When you’re in a hole, stop digging. Stop digging!
For a family or a nation, putting your assets for sale is the opposite of earning money. It's literally the road to financial ruin.