Harold Meyerson has an interesting
column discussing an Ohio businessman and his experiences with "free trade".
I think that the article points out something that the academic economists refuse to recognize. When an American company can bring down the price of a product to only a penny above a Chinese competitor,
and it still isn't good enough, this country is in trouble.
Left leaning economists keep blaming shrub's tax cuts for the wealthy for the poor job creation, but they ignore history here. Shrub's policies, I think, are essentially the same as reagan's. Yet reagan was saved(to my consternation) by a job growth/economic boom in '83. So, what's different now? As Meyerson shows in his column, American companies just aren't going to hire anyone in this country when they can get employees in low wage countries for pennies on the dollar.