Monday, October 3, 2011
We interrupt our coverage of the Occupy Wall St. protests to draw attention to a related story. Many of my friends and readers know that I like to say unkind things about Republicans, particularly their economic policies. But I consistently draw the ire and frustration of many of my liberal friends for pointing out that the Democrats are not much better.
I'm not a big fan of Bill Clinton for a variety of reasons (none having to do with Monica Lewinsky), but the big one is definitely NAFTA. Thousands of factories fled the country as soon as they were presented with the option to relocate to a place with no EPA, no unions and no minimum wage. We have nearly 10% unemployment, and will continue to see joblessness at those levels because the domestic manufacturing base has been systematically decimated by public policy that made it legal and preferable to relocate factories abroad. Those jobs are never coming back to America. Ever.
Well guess what? The Obama administration is trying to ram through three more trade agreements - with South Korea, Colombia, and Panama - that will result in even fewer jobs in domestic manufacturing. And here's the kicker: He's counting on Republican support because congressional democrats are against it.
Spare some change?