“Behind a tariff wall built by Washington, Hamilton, Clay, Lincoln, and the Republican presidents who followed, the United States had gone from an agrarian coastal republic to become the greatest industrial power the world had ever seen — in a single century. Such was the success of the policy called protectionism that is so disparaged today.” The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy, by Patrick J. Buchanan, New York: Little, Brown, Page 224.
The U.S. government is finally realizing that there is no way to save the economy while Americans are still losing their jobs.
Workers without jobs cannot be consumers.
It doesn’t make sense to help banks make loans, when there are very few lenders.
The same goes for the automobile industry. Why prop up mismanaged automobile companies, when the buyers are few and far between?
The only way to save the U.S. economy is to stop unemployment.
This is a very easy thing to do, and at virtually no cost (except to the fat cats).
Stop all foreign manufactured imports from entering into the U.S.! This will create an instant demand for labor in America. Our nation will go back to work immediately.
It is so very simple.
The only exceptions to the ban on manufactured imports should be Canada and Mexico, the largest export markets for U.S. goods in 2008. China was number three.
In 2008, the U.S. exports to Canada totaled $261.4, and to Mexico totaled $151.5 billion. Surprisingly, U.S, exports to China were far behind, totaling only $71.5 billion.
In addition, exempting Canada and Mexico keeps our borders friendly.
Globalization, Obama wrote is not “someone’s political agenda. [Globalization] is a technological revolution that is fundamentally changing the world’s economy, producing winners and losers along the way.
I agree that Globalization has produced losers – big losers, like the U.S.
Obama has it wrong that Globalization is not “someone’s political agenda.”
Globalization is the political agenda of U.S. multinationals, who want to increase profits by replacing Americans with cheap foreign labor.
Obama stumbles on, “The question is not whether we can stop it, but how we respond to it.”
Sorry, I don’t get the logic. Why can’t we question whether we can stop it? Don’t we have freedom of speech?
Why can’t we stop Globalization? It has been done before. In fact, it is happening already!
U.S. exports are down 45%, and so imports. This is Mother Nature at work. It’s time, however, for Obama to give Mother Nature a boost and shut off manufactured imports.
Obama continues, “It’s not whether we should protect our workers from competition, but what we can do to fully enable them to compete against workers all over the world.”
There is only one way to do that, and Obama knows it. Lower the American workers’ salary to third world standards – pay them $60 a month to match what China pays.
What does America have to do when their government supports giving away its jobs to foreigners?
Boycott foreign-made products, for starters.
Boycott any firm which brings foreigners in on HI-B work visas to replace Americans.
The U.S. government charges only $260 to process an H1-B work visa – what a steal by Corporate America! The big boys are bringing in cheap foreigners, who live 6 to a room, and send their earnings back to their home countries. Obama is set to increase the number of HI-B work visas to be issued.
Obama has failed to seize the moment. His strategy is to plod on keeping the inept in business by bailing them out.
That is neither Capitalism nor Democracy.
Obama is sowing the seeds of Revolution.