This is why the Dems going on recess and dilly dallying around was a huge mistake. You just know he’s going to crank the bullshit up to 11, do something absurdly stupid that is less damaging to him in terms of impeachment, and distract distract distract. All that matters right now with regard to impeachment is messaging and selling it to voters. We need these stories from the hearings to be the top news, and instead it’s a number of other stuff because Dems are off in the weeds on it.
thanks for your answer. You reply has two main points:
Other countries benefited more from trading with the US than vice versa, up to the point that the trade was a net negative for the US
Within the US there is a very unequal distribution of benefits from globalization
The second point, even when it’s an important internal issue for the U.S., doesn’t mean that the US was paying for the economic development of the rest of the world.
The first point however, does not follow from your arguments. Given how disproportianally wealthy the US is compared to the rest of the world, it is hard to believe they would have been better off without the trade relations.
I don’t subscribe to the idea that GDP is the most important number for determining economic well being. Nor do I subscribe to the idea that what is best for the top 10-20% of the population is best for the country. I would argue that vastly more Americans have been badly hurt by global trade than helped at a ratio of 3-4:1.
If you want to tell yourself that I’m wrong semantically have at it. For the median American family it’s still been a disaster on the same level as healthcare costs eating 18% of GDP (the vast majority of which came from median households not wealthy households who were net beneficiaries since a great many wealthy households got wealthy off healthcare) and educational costs skyrocketing.
I think our policy should be oriented around improving the lot of the median household. In the process of doing that we should be uplifting those below the median at least slightly and crimping those above at least slightly. Anything else is just bad economic policy IMO.
“Mr. Sale also served as an Assistant Special Watergate Prosecutor under Special Prosecutors Archibald Cox and Leon Jaworski. His responsibilities extended to supervising grand jury matters and functioning as trial counsel in resulting litigation. He participated in legal efforts to obtain and review secret White House tapes to determine whether criminal conduct had taken place in the Oval Office and among senior Presidential staff members.”
