Bush Extols the WTO Hong Kong Summit

Date: Monday, December 05, 2005 11:50 PM

JOB DESTRUCTION NEWSLETTER

December 05, 2005 No. 1380

Bush gave a speech about the economy today at the "John" Deere-Hitachi
plant. Read the transcript here:

http://biz.yahoo.com/prnews/051205/dcm061.html?.v=22

I don't know if any of you happened to see the speech when it was being
broadcast, but if you did I'm sure you noticed how bizarre it looked as he
preached his faith-based religion of free-trade at a manufacturing plant
that is partially owned by the Japanese:

You've got an advantage right here in Kernersville.
You've got an interesting joint venture with Hitachi.
This plant is actually "in-sourcing". Over the past
four years, this factory has taken on production
that used to be done in Japan and Mexico.

Bush thanked former President Clinton for paving the way for our massive
trade deficits with China. His farcical remark that Clinton took actions to
prevent the Chinese from flooding us with cheap textiles was almost funny:

My predecessor worked to get China into the WTO. And
one of the conditions was that the United States and
other WTO members would take steps to prevent their
markets from being flooded with cheap Chinese textiles.

Bush's speech gets worse! He talked about his support of the Doha Round of
trade talks that begin in Hong Kong next week (be sure to read the previous
two newsletters to understand the significance of Bush's statement):

The greatest opportunity we have to advance the goal of
free and fair trade is through the Doha round of trade
talks. The Doha trade round has great potential to boost
jobs here in America. By reducing and eliminating tariffs
and other barriers on industrial goods, and on farm goods
-- industrial goods like John Deere products, by the way --
to end unfair subsidies, and open up global markets for
our services. Trade ministers will gather in Hong Kong next
week for a critical meeting. I told our Trade Representative,
Ambassador Rob Portman, that he's got to push for a bold
and wide-ranging agreement. Opportunity increasingly depends
on a free and fair trading global system, and our
administration is going to continue to use our influence to
bring greater opportunities for the American worker.

The scariest part of Bush blabber was that he wants to open up our markets
to "services". As explained in the previous newsletters, the WTO defines
services in Mode 4, which mandates visas such as H-1B and L-1. When Bush
instructed his trade representative to push for a "wide-ranging" agreement
he is giving a green light to a massive expansion of guest-worker visas,
and one thing you can bet money on is that they won't only be issued for
cabbage pickers and motel maids!

NOTE OF INTEREST: I have been reading an excellent book titled "End of the
Line" by Barry C. Lynn. It contains some of the best history of corporate
globalism I have read. He credits Clinton just as Bush did today for the
massive expansion of trade with China. This is a quote from the book:

For all intents, the decision to keep hands off of trade with China had
been made during Clinton's first year in office. Even before Clinton
launched his campaign to win passage of NAFTA, many of American's biggest
corporations began to rush back to China. The mere fact that the new
administration raised no objections was read as proof that, no matter the
campaign rhetoric, Clinton would not interfere later. And so the rush [to
China] quickly became a stampede.

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