Demonomics
by Ryan Sager
Thu, 9 Aug 2007 at 12:22 PM
updated Thu, 9 Aug 2007 at 12:27 PM
There was some weird economics on display in Tuesday night's Democratic debate — no surprise, as it was sponsored by organized labor. Labor wants a lot of things that are economically backward and destructive to anyone other than their members (and most of it is ultimately detrimental to their members, too). Anyway, there's a roundup at US News, including this nugget:
4) "What we need to do is say that from now on, America will adhere to all international labor standards in any trade agreement—no child labor, no slave labor, freedom of association, collective bargaining—that is critically important—making sure that no wage disparity exists." -- Gov. Bill Richardson. If what Richardson was saying is that American trade negotiators should demand foreign workers make the same as American workers or no trade deals, then what he is saying is no trade with India or China. Incomes in those countries are rising thanks to globalization, but there is a long way to go.
Trade figured prominently in the Democrats' lack of understanding of basic economics. Creating jobs through government spending also figured big.
Related Topics: Dem Primary
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