February 17, 2009
-- by Dave Johnson
If an American company closes a plant here, opens a plant in China and builds the same thing there as they were building here, and ships all of it to the US to sell, is that "TRADE?"
Isn't that just moving the jobs offshore? That's not trade. The US trade deficit gets bigger. The US gets poorer. Someone in China gets paid off, the workers there get very little.
That is not "trade." It's what propagandists call "trade" so they can accuse anyone who wants to do something about it "protectionist."
Posted by Dave Johnson at February 17, 2009 2:50 PM
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