← Autodidact Archive · Original Dissent · FadeTheButcher
Thread ID: 8754 | Posts: 1 | Started: 2003-08-04
2003-08-04 13:20 | User Profile
New article from Pat.
[url=http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=33904]http://www.worldnetdaily.com/news/article....RTICLE_ID=33904[/url]
**Posted: August 4, 2003 1:00 a.m. Eastern
é 2003 Creators Syndicate, Inc.
If you wish to understand why U.S. manufacturing is in a death spiral, read last week's editorial in the Wall Street Journal.
When the GOP House voted 270 to 156 for President Bush's free-trade deal with Chile, the Journal leapt with joy. "All in all, a good show, and an optimistic portent for the ... global trade pacts to come."
Now consider what we got in this deal and what we gave up.
Chile's GDP of $70 billion is not even 1 percent of ours. Her per-capita GDP of $4,400 is one-eighth of ours. We have thus gained access to a tiny Latin market, while Chilean manufacturers just gained privileged access to the $10 trillion U.S. market, where consumers have a per-capita GDP of around $37,000. . .**