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Technology Stocks : All About Sun Microsystems

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To: Peter O'Brien who wrote (59398)3/10/2004 9:54:46 PM
From: Lizzie Tudor  Read Replies (2) of 64865
 
Lou Dobbs today had Reagan's economist who says there is no relation between offshoring high value jobs to foreign markets and free trade. His name is Paul Craig Roberts, here is a website with a bunch of columns from him.

townhall.com

Equating sending jobs offshore and marketing products here (with a huge trade deficit) as free trade in the Ricardian model is highly controversial. Free trade is supposed to mean, you produce what you do best, I produce what I do best and we prosper through trade. Not the same as this. Of course the Bush people are saying offshoring and free trade are the same but it is not unanimous.

Bottom line- another bad market, horrible trade deficit figures, and deficits. Anybody who thinks this economy is working is nuts.
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