"If you want to laugh, you might watch cartoons of the Road Runner and Wile E. Coyote -- but you don't watch these cartoons in order to learn the laws of physics. Indeed, if you take seriously the 'physics' portrayed in these cartoons, you'll soon kill yourself.Hmmm, good point, eh?
Likewise, if you take seriously the pronouncements on international trade issued by politicians such as U.S. Senators Byron Dorgan and Sherrod Brown, you'll learn nothing except how utterly bizarre and cartoonish allegedly serious adults can be when discussing international trade. (Alas, unlike Warner Bros. cartoons, politicians aren't good for laughs, for their detachment-from-reality has serious and sad real-world consequences.)
[. . . .]
A large and growing U.S. trade deficit is evidence that investment capital is flowing generously into the United States rather than away from the high-wage, high-labor-standards American economy.
But what relevance do facts and logic possess when political grandstanding must be done to appease the greedy interest groups who are so vital to keeping arrogant, obnoxious, and utterly repulsive politicians in power?"
Wednesday, December 27, 2006