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To: H James Morris who wrote (134601)	11/11/2001 4:46:13 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

thanks for the nice article. exposes what we have to thank NAFTA for. 600,000 jobs flee to mexico and 600,000 mexicans flee to america. that's what you get with "open borders" and "unfettered trade". of course you do get the benefit of wanton and unfettered consumption due to a flood of cheap imports. but of course eventually the consumers who buy these products run out of credit and take on as much debt as possible. it's about this time when people discover that it never hurts to have an economy where you actually produce things--not just consume, consume, consume. of course people like rdb and mr harmond don't seem too worried because they are part of the social elite. they are highly educated and well off. they have the brainpower and education to prosper in this new economy of intellectual property. of course there is one slight problem. eventually there are only so many things these elites can buy. eventually you need the average joe six-pack to spend money in the economy as well because it is after all now a 2/3 spending economy and hardly any manufacturing. so then after joe six pack has racked up so much debt trying to keep up with the jones's in the american dream (which is wanton consumption), he finds out that he is being laid off because the company plant is being relocated to mexico for $1.40 an hour labor. all so the transnational elite corporations can continue to squeeze better profit margins and keep their bloated stock prices up. all so they can enrich themselves and continue to make campaign contributions to the politicians who will surely vote for the next free trade agreement so they can exploit some more people and get those profits up. that is the real "miracle" behind the consistent profit growth of companies like ge, gm, ibm, etc. the more you need to increase profits the more american workers you lay off and replace with slave labor. or course there is one other aspect to this "miracle economy" that i haven't mentioned recently. of course that is the stock market bubble where companies can increase their bottom line by shifting pieces of paper around. that is the extent of this "new miracle economy" that everyone marvels at. tell me something. (anyone) what is so marvelous about an economy that is: 1) dependent on consumers wantonly and recklessly consuming resources at an ever increasing clip, while we produce less and less. (i'm aware that we do produce our fair share of intellectual property but unfortunately that is for the few). what technology we do produce gets traded away to places like china for campaign contributions or we find microsoft's or disney's intellectual property for sale on the streets of beijing or hong kong for a few dollars a pop. 2) on the brink of collapse everytime some podunk third-world economy is about to topple. you know we went into panic mode and spent (yours and my taxes) like $40-50 billion bailing out mexico in 1995. then over $100 billion was spent bailing out some asian countries like indonesia and korea and thailiand and russia and all that. of course now argentina is on the hook for $125 billion. now our miracle economy needs a couple hundred billion dollar bailout supposedly because of 9/11. year after year there's always some new crisis that needs ever more of our tax dollars to bail out people like goldman sachs. what's the next major bailout going to be? $300 billion? they seem to get larger every time. all this from a "miracle global economy". perhaps the next bailout is going to have to be someone bailing us out of our $5 trillion in debt! oh whoops! i forgot. we are hated around the world. we bail out country after country around the world, we dole out economic aid left and right, we defend half the world, and attack the other half, and yet somehow we are despised by much of the world. who does that leave to bail us out when this house of cards completely collapses???