Peru and Other Menaces

Before panicking, people should remember the witticism that the stock market has predicted nine of the last three recessions.

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  • Posted By: jabailo @ 11/15/2007 1:03:50 AM

    Unilateralism is something no future President can reverse. The reason is simple: we don't control the game board any more...we're one of many players.

  • Posted By: bigote @ 11/14/2007 9:15:18 PM

    when NAFTA was enacted,the progressives complained that the US was killing the Latin American farmers by dumping cheap american corn on their countries.Now that corn's price has risen, the progressives complain that the high price of corn is killing the Latin American peasants!You can't win!
    The problem with free trade is that it's not really free.Why isn't ethanol from Brazil coming to the US?Why can't I buy a bag of Costa Rica macadamias or prescription drugs from Canada?Why are there barriers to US exports in places which sell to us freely?Let's have more freedom both ways!

  • Posted By: dogman @ 11/13/2007 9:11:38 AM

    George, george...please! Free tree won't impact the economy in any shape, form, or manner other than marginally. Until of course, THE FARM BILL IS FASHIONED AWAY FROM A MILLIONARIE FARM MAKER. 'Every since you admitted global warming is taking place but it will be good for the world', you become a hollow sham. Stop attacking democrats and start analyzing problems again.

  • Posted By: kreedy1973 @ 11/13/2007 2:01:18 AM

    Liberals love to talk about ending global poverty and express great support for forgiving debt and encouraging more charity. What they fail to understand is that no country has emerged from poverty through charity; it happens by providing people with access to good markets. Look at India where almost half the population is now middle class. This wasn't done via benefit rock concerts. It was done by energetic people working hard and through the "evils" of outsourcing and globalization. It is the ultimate hypocracy to claim that we want to end poverty but we will deny poor people the opportunity to do so on their own.

  • Posted By: kreedy1973 @ 11/13/2007 1:59:44 AM

    Liberals love to talk about ending global poverty and express great support for forgiving debt and encouraging more charity. What they fail to understand is that no country has emerged from poverty through charity; it happens by providing people with access to good markets. Look at India where almost half the population is now middle class. This wasn't done via benefit rock concerts. It was done by energetic people working hard and through the "evils" of outsourcing and globalization. It is the ultimate hypocracy to claim that we want to end poverty but we will deny poor people the opportunity to do so on their own.

  • Posted By: Archiphage @ 11/12/2007 9:36:28 PM

    Economic illiteracy is pervasive in America today. How else could people believe the many outright falsehoods that are spoken by politicians and pundits day after day? These things are said in, of all places, the financial press! 'War (or some other disaster) is good for the economy.' False, and known so for centuries. '$100 oil might spark inflation.' Wrong. Rising prices are an effect of inflation, not the cause. 'The foreign exchange value of the dollar is only a concern if you travel abroad.' Sure... as long as no part of anything you buy comes from overseas. In the 30s, it was much easier for the politicians to pass the blame for the crisis from themselves to businessmen. They're trying again. If they fail this time, it will be because the internet makes it that much harder for information to be controlled, so there's hope. However, that hope is dimmed by the fact that the false answers are so well known and so widely believed that it will be hard to effectively counter them in a time of crisis.

  • Posted By: Archiphage @ 11/12/2007 9:31:04 PM

    Economic illiteracy is pervasive in America today. How else could people believe the many outright falsehoods that are spoken by politicians and pundits day after day? These things are said in, of all places, the financial press! 'War (or some other disaster) is good for the economy.' False, and known so for centuries. '$100 oil might spark inflation.' Wrong. Rising prices are an effect of inflation, not the cause. 'The foreign exchange value of the dollar is only a concern if you travel abroad.' Sure... as long as no part of anything you buy comes from overseas. In the 30s, it was much easier for the politicians to pass the blame for the crisis from themselves to businessmen. They're trying again. If they fail this time, it will be because the internet makes it that much harder for information to be controlled, so there's hope. However, that hope is dimmed by the fact that the false answers are so well known and so widely believed that it will be hard to effectively counter them in a time of crisis.

  • Posted By: n6532l @ 11/12/2007 3:53:42 PM

    I am not a Democrat and I oppose these free trade deals. I still believe in free trade when that free trade comports to the conditions laid down in Adam Smith???s Theory of Absolute Advantage and the expanded Theory of Comparative Advantage of David Ricardo. NAFTA, CAFTA, etc do not and I oppose them. Those agreements are online and I have browsed them. Chapter after chapter talks about things other than selling our goods and buying their goods. These deals are not about trading our goods for their goods. Rather they are about cheap labor for American corporations. Case in point: what is the largest export of Costa Rico? It is not something they invented or grow. It is computer chips. Intel has a plant there. Globalization is failing U.S. citizens.

  • Posted By: n6532l @ 11/12/2007 3:53:13 PM

    I am not a Democrat and I oppose these free trade deals. I still believe in free trade when that free trade comports to the conditions laid down in Adam Smith???s Theory of Absolute Advantage and the expanded Theory of Comparative Advantage of David Ricardo. NAFTA, CAFTA, etc do not and I oppose them. Those agreements are online and I have browsed them. Chapter after chapter talks about things other than selling our goods and buying their goods. These deals are not about trading our goods for their goods. Rather they are about cheap labor for American corporations. Case in point: what is the largest export of Costa Rico? It is not something they invented or grow. It is computer chips. Intel has a plant there. Globalization is failing U.S. citizens.

  • Posted By: grasshopper @ 11/12/2007 2:05:30 PM

    Sure, the economy is just great. I love living on credit from China.

  • Posted By: oconnetf @ 11/12/2007 12:52:55 PM

    One of the biggest fair trade concerns regarding this bill was its implications for governing Peru's social security system, which is currently privatized. The bill would've required them to stay locked in to that system despite local controversy regarding its implementation.

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