Non-Reality Based Economics
Posted at 10:10pm on Feb. 24, 2008 Economics 101
By Pejman Yousefzadeh
Russell Roberts gives Harold Meyerson an education. I would have thought that the education should have been a prerequisite for being a columnist for the Washington Post but there appears to be so much about the professional punditry business that I just do not understand.
Posted at 10:09pm on Feb. 24, 2008 The Politics Of Incoherence
By Pejman Yousefzadeh
When it comes to NAFTA, Barack Obama doesn't make a lick of sense:
Appealing to union voters in a dry wall manufacturing plant in this crucial primary state, Sen. Barack Obama, D-Ill., Sunday afternoon said that even though he has repeatedly said the passage of NAFTA was bad for the country, he would not try to repeal it.
"I don't think its realistic for us to repeal NAFTA," he said during a town hall meeting on the economy.
He argued arguing that because the trade deal had been passed more than a decade ago, it was entrenched in the economy, and any attempt to repeal it "would actually result in more job loss ... than job gains."
So . . . NAFTA has been bad for the economy but getting rid of something that has been bad for the economy would make the economy worse so it's better to stick with the bad instead of dumping the bad and avoiding the worse even though what we have right now in NAFTA is bad.
Got it. Of course, it's entirely possible that Barack Obama knows full well that NAFTA has been good for America and doesn't want to repeal it, even though he is perfectly willing to trash it for domestic political consumption.
But I guess that's just too simple an explanation for what's going on here.
Posted in 2008 | Barack Obama | Free Trade | NAFTA | Non-Reality Based Economics — Comments (18)/ Email this page » / Read More »
