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Yorktown

(2,884 posts)

12. Yes, trade deals have nothing to do with our jobs moving overseas

Tue Feb 17, 2015, 11:31 AM

Feb 2015

The situation in the 60's was abnormal: Europe licking its wounds, S. America mired in coups, China and India not wanting to engage in production/trade: The world was the US oyster.

Then Europe got back on track (60+), Japan surged (70), and China and India started competing (80+): there was no way this would not cost jobs in the US.

But the US still got richer because of its lead in technologies and military. And -yes- thanks to more and more trade deals. Trade deals cut costs, that's all.

What was not fair/wise/whatever was the tax breaks to individuals and the corporations tax avoidance which made it difficult for Government to alleviate the pain of the jobs lost to the overseas competitiors.

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Highlight:

Robert Reich: How Trade Deals Boost the Top 1% and Bust the Rest [View all] marmar Feb 2015 OP

K&R.... daleanime Feb 2015 #1

C'mon, Robt. get with the program. the TPP will be rainbows, pay raises & soybean shitting unicorns! KG Feb 2015 #2

Also because Hillary. nt TBF Feb 2015 #22

At this rate, I honestly think we are better of migrating to 3rd world srican69 Feb 2015 #3

Why he and Krugman were passed over by Obama for top econ positions is beyond me Roland99 Feb 2015 #4

beyond you ?? really ? It was blindingly obvious the day he hired Geitner for treasury secy ... srican69 Feb 2015 #5

Right...exactly what I said. He seemed to be courting more progressive economic advisors... Roland99 Feb 2015 #10

Obama identifies with Wall Street el_bryanto Feb 2015 #7

Inequity For All marym625 Feb 2015 #6

IMHO, Robert Reich is dead wrong. Yorktown Feb 2015 #8

Hmmm. So the trade deals have nothing to do with our jobs moving overseas? The GW taxes did jwirr Feb 2015 #11

Yes, trade deals have nothing to do with our jobs moving overseas Yorktown Feb 2015 #12

Trade deals cut costs = labor costs. jwirr Feb 2015 #14

Trade deals cut costs = red tape costs Yorktown Feb 2015 #15

Ever seen Manufactured Landscapes? HughBeaumont Feb 2015 #18

This is why I mentioned earlier Govnm't should have the means to help Yorktown Feb 2015 #23

Speaking of absolutes laundry_queen Feb 2015 #38

Let's move to econ 201 then Yorktown Feb 2015 #42

Of course it doesn't make sense at the top of the ladder laundry_queen Feb 2015 #46

These "econ 201" types only believe what they are taught by the educated stooges and con artists Elwood P Dowd Feb 2015 #48

agreed. laundry_queen Feb 2015 #52

You believe jobs have been willfully exported Yorktown Feb 2015 #53

LOL! laundry_queen Feb 2015 #54

Say's Law says you're wrong. Yorktown Feb 2015 #56

woosh! laundry_queen Feb 2015 #59

Total BS. You have no idea what your talking about. Katashi_itto Feb 2015 #51

Certainly more than you do. Yorktown Feb 2015 #55

Lol! Enjoy your stay Katashi_itto Feb 2015 #60

You too Yorktown Feb 2015 #61

Lol! Your full of it. Must be Hillary Supporter. Katashi_itto Feb 2015 #16

Yep, total republican/corporate BS. We've lost 8 trillion dollars in trade deficits since Elwood P Dowd Feb 2015 #19

+10000! Katashi_itto Feb 2015 #20

Go for Communism, komrade Yorktown Feb 2015 #24

OOOO, a commie insult! Oh noes! laundry_queen Feb 2015 #40

Why? Are Hillary or Obama communists? Yorktown Feb 2015 #43

You won't get any here laundry_queen Feb 2015 #47

+1000 Katashi_itto Feb 2015 #50

NO, just a trickle-downer laundry_queen Feb 2015 #39

Robert Reich: How SHITTY UNFAIR Trade Deals Boost the Top 1% and Bust the Rest GoneFishin Feb 2015 #9

Well, to be fair they don't bust everyone. raouldukelives Feb 2015 #13

Nice to see Reich come full circle and admit he was wrong about "trade" deals in the past. pa28 Feb 2015 #17

Free Trade equals Free from the Law Theft. n/t Jefferson23 Feb 2015 #21

Cheaper products don't mean squat if a large majority don't have jobs RiverLover Feb 2015 #25

Sounds like trade agreements help, but money needs to be distributed better Hoyt Feb 2015 #26

I think they help to spread the existing money more thinly around the globe. CJCRANE Feb 2015 #27

Not sure isolation will work at this point. I think we'd be worse off. Hoyt Feb 2015 #28

I think it's the outsourcing CJCRANE Feb 2015 #29

I agree it hurts some people. However, foreign companies outsource jobs here too. Hoyt Feb 2015 #31

No, I think we'll be better off Populist_Prole Feb 2015 #30

I think imports have been expanding from the day Japan captured the transitor radio market. Hoyt Feb 2015 #32

You're dodging the issue Populist_Prole Feb 2015 #34

Free trade is not bad if under right conditions. Isolation won't work in long run. Hoyt Feb 2015 #35

Same false promises as all the other fake free trade deals that did nothing but Elwood P Dowd Feb 2015 #36

^^^^ THIS. Times 1000. nt laundry_queen Feb 2015 #41

Good point. It works in countries with progressive tax, labor and safety net policies. pampango Feb 2015 #49

Agreed. Isolation can't work for a country that exports as much as the US Yorktown Feb 2015 #45

Exactly Yorktown Feb 2015 #44

Free traders have not only failed but have made no effort on the 2nd part. TheKentuckian Feb 2015 #58

Someone email this to President Obama! He needs to know! Karmadillo Feb 2015 #33

proud to recommend Ramses Feb 2015 #37

positively informative NuttyFluffers Feb 2015 #57