Tapsearch Com EditorEconomy upside down
July 14th 2011 22:08
The Mutterings of an Economic Soul Ray Tapajna
A globalist free trader governor set his free market principles aside and uses state controlled businesses to create jobs
The governor of our state ( Ohio USA ), was part of the conservative Contract with American Republicans who joined hands with President Clinton and a Democrat controlled Congress to pass the unfair NAFTA and GATT trade agreements that degraded the value of workers and labor. After leaving congress, he became part of the investments communities that led the way in trying to create money products out of nothing. All this fell apart. An economic crisis followed. President Obama took office and bailed out the big money interests as our economies based on making money on money instead of making things were burning out. The president ignored those who took the biggest hit with the U.S. going through the most massive dislocation of jobs in its history. Free trade has proven to be failure over and over again but still elite groupings from both sides of the political spectrum keep trying to prop it up.
It is obvious there is only one major party in the U.S. when it comes to free trade and globalization. Those who think they are doing something by taking a liberal or conservative stance fall into the trap of the free traders. The value of workers and labor have been degraded. The current President of General Electric confirms this by stating it is time to bring back manufacturing now since the cost of workers is much lower now and more competitive now with the impoverished workers of the world.
Governor John Kasich steps in and privatizing the state's economic development efforts by turning over job creation to a new JobsOhio board.
The private board will operate with both private and taxpayer money.
The governor contradicts his free trader free market principles by wanting to shift control of the state's lucrative liquor sales to JobsOhio. Here's the rub - the contradiction forces behind all this. Acohol beverages ( and cigarettes ) sales are fair traded items. The state enforces a fair trade minimum mark up on these sales. The state does this to insure they enjoy tax revenues and price protection outside of free market processes.
If this was applied to other products, jobs would automatically grow and there would be no need to invent artificial devices to create jobs. In bailing out big money and free trade, in effect, President Obama took tariffs off products and put them on workers and future generations.
None of this makes sense and all these actions will prove to be worthless. The world should be preparing for a post globalis free trade world because of this.
A globalist free trader governor set his free market principles aside and uses state controlled businesses to create jobs
The governor of our state ( Ohio USA ), was part of the conservative Contract with American Republicans who joined hands with President Clinton and a Democrat controlled Congress to pass the unfair NAFTA and GATT trade agreements that degraded the value of workers and labor. After leaving congress, he became part of the investments communities that led the way in trying to create money products out of nothing. All this fell apart. An economic crisis followed. President Obama took office and bailed out the big money interests as our economies based on making money on money instead of making things were burning out. The president ignored those who took the biggest hit with the U.S. going through the most massive dislocation of jobs in its history. Free trade has proven to be failure over and over again but still elite groupings from both sides of the political spectrum keep trying to prop it up.
It is obvious there is only one major party in the U.S. when it comes to free trade and globalization. Those who think they are doing something by taking a liberal or conservative stance fall into the trap of the free traders. The value of workers and labor have been degraded. The current President of General Electric confirms this by stating it is time to bring back manufacturing now since the cost of workers is much lower now and more competitive now with the impoverished workers of the world.
Governor John Kasich steps in and privatizing the state's economic development efforts by turning over job creation to a new JobsOhio board.
The private board will operate with both private and taxpayer money.
The governor contradicts his free trader free market principles by wanting to shift control of the state's lucrative liquor sales to JobsOhio. Here's the rub - the contradiction forces behind all this. Acohol beverages ( and cigarettes ) sales are fair traded items. The state enforces a fair trade minimum mark up on these sales. The state does this to insure they enjoy tax revenues and price protection outside of free market processes.
If this was applied to other products, jobs would automatically grow and there would be no need to invent artificial devices to create jobs. In bailing out big money and free trade, in effect, President Obama took tariffs off products and put them on workers and future generations.
None of this makes sense and all these actions will prove to be worthless. The world should be preparing for a post globalis free trade world because of this.
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