Free Trade is a concept that seems American ….
“Fair Trade” sounds even more American, but it leaves lots of wiggle room for corruption, and payoffs to political figures and systems.
Needless to say, I guess, (P)resident Obama favors Fair trade. His “Fair Trade” entails paying hundreds of millions of our money to “Poor” Brazilian Cotton industry magnates.
It beats paying American farmers not to grow cotton …. or does it?
Sending millions of our tax dollars, to competitors, in Latin America, probably isn’t what most Americans consider “fair.”
Maybe not, but that way, the wealthy Brazilians, and America can continue giving out money to American cotton growers to continue not planting cotton. Some are calling the $147,000,000 paid to Brazilian entrepreneurs, a bribe, of sorts.
Obama evidently thought it was a good idea …. Now though, India and West African countries are lining up to also receive “payoffs,” …. for they too, grow cotton. Our subsidies, to foreign nations, according to international financial experts, are distorting the world market for cotton and hurting poorer nations.
This is what (P)resident Obama likes to call equitable “change”? Either way, now, our grandchildren will not only be paying our debt to China, they’ll be paying off farmers in faraway lands, to not plant.
Whaddya think? Do you think they’ll plant food to help their own poor?
Neither do I!
Please, just a couple more random thoughts …..
1) I wonder where Obama’s union supporters stand on this …..
2) Just who was it, that told us this president was smart?