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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (10873)	12/11/1997 10:03:00 AM
From: Mike M2	Read Replies (1) of 18056

Mohan, the issue is complex but I feel the average working American will say why bail out Korean-look at all the jobs we have lost in autos,electronics,shipbuilding and so on-let them fail. Dick Gephardt, Pat Buchanan, Ross Perot will ahve a field day with this stuff. I thought the Clinton administration was supposed to be pro-union. I am not saying this is the answer I am merely examining the political realities and I really don't think the public will want to listen to ivory tower economists. In spite of the technological revolution we still have a net loss of good paying jobs in the USA. Politics have a major role in shaping economic policy. I suspect the world will turn to protectionism in the future. Mike

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