Posted by
Silvio Canto, Jr. on Thursday, August 16, 2007 1:03:14 PM
My kids are too old to buy Chinese toys. So I do not have direct experience with Made in China toys.
Naturally, every common sense effort should be made to protect us from faulty manufacturing. Let me repeat: common sense efforts!
Unfortunately, the anti free trade Democrats are in full gear and turning the Chinese toys story into something else:
"Parents will decide in coming months how much they trust products made for Mattel in China, but Mr. Durbin is not helping nervous financial markets. Most investors know that consumers will punish companies for safety problems, but that politicians pose an even greater threat if they use the product recalls as an excuse for protectionism." (Toy Story)
Let the parents decide. In the meantime, the Dems are in an anti-free trade bashing mode.
Let's look at NAFTA, a law signed by Democrat Pres. Clinton. NAFTA has been good for the US:
"Their maligning of the North American Free Trade Agreement is a perfect example.
Its adoption in 1993 helped kick off one of the great periods of sustained economic health in U.S. history.
The resulting explosion in trade with Canada and Mexico was crucial to the creation of more than 17 million new jobs, resulting in a five-year stretch in which the jobless rate was under 5 percent every year for only the second time since World War II.
Yet to hear Democrats tell the story, NAFTA has actually been catastrophic – especially for those with manufacturing jobs.
In fact, economist Daniel Ikensen reports that in 2006, “the manufacturing sector achieved record output, record sales, record profits, record profit rates and record return on investment.”
If that comes as a surprise, no wonder.
Between economic insecurities in an era of globalization and years of politicos' and pundits' populist demagoguery, many myths about the supposed downside of trade are firmly entrenched in voters' heads.
What's particularly perverse about America's lurch toward economic know-nothingism is that it comes even as the rest of the world comes around to the wisdom of the free-market U.S. approach.
After watching the United States create 10 times as many private sector jobs in the 1980s and 1990s – 40 million vs. 4 million – Europe now has similar job-creation numbers, thanks to its moves away from statism.
Yet Democrats push to embrace Europe's failed approach even as Europe abandons it. So much for rational policy-making."
(Lying about trade)
Protect us from bad toys. Protect our nation from demagogues, a.k.a. Dems in the pockets of the labor unions!
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Posted By canto talk to MY VIEW by Silvio Canto, Jr.