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To: Sam Citron who wrote (420)	3/16/2004 10:30:55 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 2517

RE: " It is my belief that this great job engine halted largely as a result of the misguided fiscal and foreign policy decisions of our current President and is not principally caused by outsourcing." Much as I hate to disagree with any criticism of "our current President", your "belief" ranks up there with Santa Claus and the Easter Bunrny. We have a history of exporting jobs. Blue collar jobs went first and it started decades ago. You have pointed out how technology has enabled the transfer of white collar jobs. CEOs are fond of saying that their responsibility is to their shareholders. The responsibility of the US is to its citizens, its labor force. This is a conflict of interest that will orce the pendulum to swing back toward what is called protectionism and away from free trade. RE: "...we need not wall ourselves off to do so." We do, but it is not popular to think so and it is a difficult problem that has not received any serious consideration. We are currently in the stage of self interested demogoguery of the issue. The basic equilibrium that must be achieved by each society is that the value of goods and services consumed must equal the value produced. Our trade and accounts deficits are a startling reminder that it isn't happening. Our jobless recovery is a wake up call to people who view economics from a simpler perspective.

To: Sam Citron who wrote (420)	3/16/2004 9:57:59 PM
From: bentway	Respond to of 2517

I agree with you Sam. I think our current President is to blame for much of our economic woes. I fully supported his going to Afghanistan after 9/11, but Iraq baffled me. I think he feels his appeal is only as a "War President", so he went to war in Iraq. I think the continued uncertainty generated by his elective war has killed our economy. The debts he's run up add to the slide. I think part of Rubin/Clinton's economic success came from reducing the deficit, something I hadn't expected to see in my lifetime.