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Friday, September 10, 2010

RE NYT TONELSON KEARNS ARTICLE TRADING AWAY THE STIMULUS

Something like this approach should have been under way, for the past 40 years now.

Americans don't really even understand what is at stake at this point.

They think a free society needs free trade.

It's a dumbed down situation.

Politicians and their big backers decided that they wanted a dumbed down electorate situation, good for business; they concluded that was in their interests.

Unfortunately, now, for them, and for all of us, at some point soon,
GAME OVER.

Refer to previous posts here, eg "Trading American Interests" article by Eckes, Trading Places, etc.

As I pointed out in a prior post, a 'Smoot Hawley' solution is kind of weak, long after the production horse has 'left the barn';

not that reindustrialization cannot and should not be tried and eventually accomplished, but one needs a resolute, far sighted, powerful central government to do such a thing, and an electorate somehow brought on board, and the US has never had that, except as a concession in time of war.

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