SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Have They Come for YOU Yet? -- Ignore unavailable to you. Want to Upgrade?


To: LPS5 who wrote (14)10/31/2003 7:19:57 PM
From: Ann Corrigan  Read Replies (1) | Respond to of 34
 
It probably means when applied to today's U.S. economy that the foreign companies who are buying former American companies after they have flooded that particular market with low-cost goods, then take their profits(made in USA) home & employ them there. Therefore, U.S. benefits very little since foreign investor's homeland gets the benefit. We are much better off maintaining American-owned businesses, which will then in turn support other American businesses. Free trade, which is in effect permitting countries that conduct business very cheaply(therefore lower-cost goods) without health coverage, workplace safety rules etc, is absolutely wrong for the USA. It is destroying the American way of life. If Bush/Cheney were not so busy fighting the war on terror, they would have taken strong action by now to correct the mistake. NAFTA has to go, or be restricted in some way that gives American jobs more protection, if G.W. Bush wants to be re-elected.