Mum’s the Word on “Free Trade”: Money Controls
OPS_admin | Dec 11, 2009 | Comments 0
Sen. Ernest F. “Fritz” Hollings, with video by Craig Harrington -
The President has the country headed in the wrong direction by continuing to get rid of our economy with “free trade.”
“Free trade” means different things to different people. To economists in the United States, “free trade” means an open market where goods are unfettered or unprotected by tariffs, quotas or subsidies. To one of John F. Kennedy’s Profiles in Courage, Henry Clay, “free trade” was pure fantasy. Clay thought “free trade” was an oxymoron. In 1832, he cried: “Free trade, free trade … It never existed … It never will.” Teddy Roosevelt thought “free trade” was dumb economics. He exclaimed in a letter: “Thank God I’m not a free trader.”
After World War II, Japan took our Marshall Plan money and started globalization or a trade war for market share by closing its domestic market, subsidizing its manufacturing, selling its exports at near cost, and making up the profit in its closed market. It took over market share in textiles and then globalized by seeking a country cheaper to produce, moving its textile manufacturing to Malaysia and changing its trade war from textiles to watches, to cameras, to electronics, to radios, to TVs, to computers, to communications, to automobiles.
Full Story Economyincrisis.org – America’s Economic Report – Daily.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
