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Showing posts with the label Economic Growth

Free Trade or Not; That is the Question...

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Rational Nation U S A Purveyor of Truth As America faces tough economic times and perceives the benefits of trade as being realized only by only the wealthiest of Americans and corporations the following article by David Frum in The Atlantic provides an interesting perspective on free trade in general an the Trans-Pacific Partnership (TPP) specifically. Regardless of your trade stance the article warrants attention. The natural tendency of democratic societies is gradually to accumulate barriers to international trade. The Bush administration itself exemplified this: At the same time as it pleaded for fast-trade authority, it imposed restrictions on foreign steel. Relentless international action on trade liberalization offsets equally relentless domestic pressure for trade protection. Freer trade is always a tough vote. As long ago as the 1960s, Barry Goldwater tried to make a campaign issue out of John F. Kennedy’s allegedly excessive trade liberalization. Yet from the 1940s...

The Real Scope On the Economy...

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by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny Sword of Truth The Obama administration and it's robotic like followers would have you believe the nation is better off than it was four years ago. Factual empirical data disagrees. Rather than doing the he said he said blame game just look at the data. GWB's administration was a economic disaster in its infancy. Enter BHO's administration that essentially continued the misguided policies of its predecessor and what we have is a prolonged economic down turn with continued high unemployment. No doubt the neo-cons on the right, as well as the statist socialists on the left will call for greater government intervention to force a market correction to bring us back to prosperity. I might suggest a reading of, Capitalism: The Unknown Ideal before further tinkering with the economy occurs. Cut to Investor's Business Daily for the real scoop. Investor's Daily - Economy: A Bloomberg poll out thi...