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Politics : PRESIDENT GEORGE W. BUSH
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To: rich4eagle who wrote (236522)3/12/2002 3:30:32 AM
From: craig crawford  Read Replies (1) of 769670
 
>> You are correct we should go back to a system whereby there are vast number of poor low paid workers and a few overpaid fat cats. <<

hmm, by 1914, after 50 years of protectionist policies, american workers enjoyed 50% higher wages than the british (who practiced free trade) and twice that of the french and germans. of course we not only supplied arms and troops to britain in the first world war, but we also helped feed them as well. britain couldn't even feed itself after 1870, thanks to free trade. of course we went from half of britain's industrial capacity to twice that of britain in those 50 years as well. by world war two america accounted for 40% of the world's manufactures.

let's take a look at what free trade policies of the last 30 years have given us:

"How has Middle America fared? Between 1972 and 1994, the real wages of working Americans fell 19 percent. In 1970, the price of a new house was twice a young couple's income; it is now four times. In 1960, 18 percent of women with children under six were in the work force; by 1995 it had risen 63 percent. The U.S. has a larger percentage of women in its work force than any industrial nation, yet median family income fell 6 percent in the first six years of the 1990s."
chuckbaldwinlive.com
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