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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: gpowell who wrote (16840)2/6/2004 2:55:49 PM
From: Lizzie TudorRead Replies (1) of 306849
 
You really need to educate yourself about these issues. Free trade may hurt some segments of our society – mostly older lower educated workers - the young, and educated, stand to gain the most. However, if all barriers to trade were lifted, I would not expect much of an impact on GDP – maybe 5% to 10%.

Cheer up, the economy is doing quite well.

I suggest you tune in to Lou Dobb's business show on CNN once in a while. Lou Dobbs and his staff is certainly qualified to comment on trade matters and they see the current climate as the export of the wealth of the USA, as do I. The former clinton economic team who are interviewed from time to time on financial shows thinks the same, these are Laura Tyson and Robert Reich. The people allied with your pov are the Larry Kudlow crowd.

When stanford MS graduates are working at Home Depot, despite a booming US GDP and corporate profitability, I don't think things are good. I don't think Juniper networks R&D dept operating entirely offshore is a good thing either.

I think you need to educate yourself on new industries, where the IP resides in new industries and how wealth is created. You don't seem to "get it". If a US industry offfshores R&D, that means we lose that industry, just like Lou Dobbs and Laura Tyson say.
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