Thursday, March 29, 2007
Free trade isn't so free?
Lou Dobbs the managing editor of CNN's Lou Dobbs Tonight, a lifelong republican has now turned to be a strongly populist critic of the "excesses of capitalism," which he identifies as globalization and offshore outsourcing of valuable American jobs as stated in his book, WAR ON THE MIDDLE CLASS.
Lou appeared before a Congressional committee and testified about American foreign policy on trade.
Three million more jobs have been lost to cheap overseas labor markets as corporate America campaigns relentlessly for "higher productivity, "efficiency," and "competitiveness," all of which have been revealed to be nothing more than code words for the cheapest possible labor in the world.
Lou has Charged that the Clinton and Bush administrations have waged "class warfare" on the American middle class. He criticizes their free trade policies which he believes has eliminated manufacturing jobs in the U.S., either outright or by outsourcing them.
Lou argues that Corporate America and the US political elites have combined to put the country's middle-class working men and women into direct competition with the world's cheapest labor.
If the figures tell the story as Lou contends, this isn't a good picture for the American middle class.
Lou reiterates that he is not seeking protectionism, as being accused of. He wants reciprocity in the US trade policies that should take the domestic and national interests in all international agreements.
Here is LOU on CNN tonight on YouTube.