[Dems2008] Re: Unfortunate Populist Trend

The populist trend is the winning strategy and the right thing to do.
IIsn't our massive trade deficit just wonderful and proof of how well
f"free trade" is working ? I know that Wall Street loves "free
trade" but Main Street hasn't benefited at all. Even a solid majority
of Republican voters agree that "free trade" is bad for America.

http://online.wsj.com/public/article/SB119144942897748150.html

Of course, complaining about the loss of jobs to "free trade" alone
isn't enough - we need a plan to restore America's industrial
capacity. http://rightdemocrat.blogspot.com/2008/02/plan-for-american-
industrial-renewal.html

And how about borrowing an idea from a great capitalist to restore
balance to international trade. I like Warren Buffett's proposal
about import-export credits.

http://www.pbs.org/wsw/news/fortunearticle_20031026_03.html

--- In Dems2008@yahoogroups.com, "mmshlevi" <mmshlevi@...> wrote:
>
> Interesting that the campaigns are moving away from substance and
> toward populism. Hillary has been negative on Obama and has bashed
> Bush at every turn. From the debates, it looked like she was running
> against Bush!
>
> Obama, until now, has remained positive. But, his populist positions
> on trade and international companies is disappointing. Companies
that
> do business over seas are already taxed by their host countries. We
> are not giving them a break. And, due to the weak dollar, our
current
> account has greatly improved. This is due to increased exports and
> jobs related to those exports. So, we are doing well with
businesses now.
>
> Also, Free trade and NAFTA (with the upgrades Hillary recommends)
are
> good for the economy. Free trade creates jobs and mitigates
inflation
> (lower prices) and make our companies more competitive. If you want
to
> see what protectionism does look to the crash of '29 and the
> Holly-Smoot Tariff Act. After 1929 we had record inflation and
> negative growth for years. Obama knows this, but I think he is
trying
> to win Texas and Ohio.
>
> My vote is still for Obama, but I hope this is just rhetoric for
Ohio
> and Texas' sake.
>
> Martin Levi
>

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