January 5, 2008
On January 4, 2008
George Bush met with his "financial markets working group"
to discuss the status of the economy.
Then he gave the Republican conditioned response
that was a complete non sequitur:
The Congress and the President have got to work
together...make sure taxes remain low. If there are -- if
the foundation is strong...the worst thing the Congress
could do is raise taxes on the American people and on
Food prices Up
Job Growth Slowed
Home Values Declined
"Core Inflation Low"
"This economy of ours is on a solid
Bush said in the press conference.
What precipitated the meeting was that the stock market took a dive
on the jobs (lack of) report. Payrolls rose a paltry
The funny part (not laughing) is that in November,
George Bush gave a speech at a forum on International Trade
and Investment in which he touted job growth and
attributed it to "free and fair trade". Bush bragged
about the fact that when he took office, the U.S. had only 3
"free trade" agreements - and thanks to his efforts, we now
have 14 agreements (that are bleeding us dry).
Washington Post: Stocks Sink On Jobs Data; Tech Plummets
Policy Institute: Job market flashing recession
Lou Dobbs Testifies to Congress on U.S. Trade Policy,
Bush Speech at White House Forum
International Trade and Investment
The purpose of Bush's speech besides pandering to the
multinational corporations and their trade associations was
to promote the 'free trade' agreement with Peru.
But one very
alert economist - Alan Tonelson, picked up a comment by the
President of Peru and he reported it in an article titled,
President Lays Bare the Big Lie at the Center of U.S. Trade
to a U.S. Chamber of Commerce victory celebration before
dashing to the White House to sign the U.S.-Peru free trade
deal, Garcia urged the executives in the audience, “Come
and open your factories in my country so we can sell your
products back to the U.S.”
also one of the driving forces behind the strength of our
economy. Last week, we learned that our economy created
166,000 new jobs in October -- that's the 50th straight
month of job growth. That's the longest period of
uninterrupted job growth on record...
...In the long
run, we know that
more trade and
raises the standard
of living. But for
the worker who has
to change careers,
it can be a painful
experience. We have
a responsibility to
help workers. When a
job goes overseas,
some family hurts in
America, and I
understand that. And
we can help, and
that's why I believe
in Trade Adjustment
Assistance. I think
it's in the nation's
interest that we
help somebody gain
the skills to be
able to work on an
existing job if they
happen to lose a job
because of trade.
I'm going to work
with the Congress to
important program. I
want the program to
focus on workers who
have lost jobs as a
result of trade.
I also will
continue to work to
improve federal job
I'm a big believer
colleges enable a
local community to
design a curriculum
to meet the needs of
And I know that when
up. When their
up, it means they're
more likely to be
able to find a good
job at higher pay.
The Peru 'free
trade' agreement was signed thanks to the
sellout of the
American people by Charlie Rangel.
to a MarketWatch Economic Report titled,
"Factory sector shrinking in December, ISM says -
sub-heading: New-orders index lowest since October
2001, showing very weak demand
U.S. factory sector contracted in December for the first
time in nearly a year as new orders collapsed, the Institute
for Supply Management reported Wednesday."
The Rangel Trade Deal: What the liberals don't get
Jonathan Tasini, May 2007
Rangel and Pelosi signed off on a deal that leaves some of the most toxic elements of so-called "free trade" in place:
- The so-called "free trade" agreements will still ban anti-offshoring policies.
- The so-called "free trade" agreements will still include NAFTA Chapter 11-style foreign investor rights. These rights encourage U.S. companies to move offshore, as well as open up basic U.S. environmental, health, zoning and other laws to attack (they allow a company to argue that a pro-labor or pro-consumer law constitute an unfair trade barrier and, therefore, needs to be eliminated).
- The threat to prevailing wage laws, recycled content and renewable energy policy remain.
- The agriculture rules that will foreseeably result in the displacement of millions of peasant farmers increasing hunger, social unrest, desperate migration and per Peruvian and Colombian government reports increased drug cultivation, trade and violence remain.
- The food safety limits that require us to import meat not meeting our safety standards remain
Third Strategic Economic Dialogue with China a Dangerous
Sino Stake in Morgan Stanley (video) (they list a
lot of other companies in which the Chinese have a stake
U.S. Trade Policy: Turning Foreign Terrorists into
Capitalists -- or Middle Class Americans into Socialists?
Divesture and Destruction of the U.S.
"We Do Have A Centrally Managed Economy"
Detailed Trade Analysis Debunks Globalization Cheerleaders'
Claims of an Export Boom
Seeking Visas, DIANA FURCHTGOTT-ROTH
Employment-based immigration now faces a federal cap.
Although the Labor Department determines national demand for foreign labor, the
citizenship and Immigration Services (UScIS) is required to
according to a legislated quota determined by congress."
congress cannot pass major legislation that would address
all immigration issues, including how to treat the 12 million
foreigners living here now, it could improve the functioning
labor markets with a much narrower action. It
could authorize the
Department of Labor to decide on its own the number of work permits and
temporary visas to be issued every calendar quarter."
Slave Trading and Management System