True, the Global Economy has brought a cornucopia of consumer goods. From shirts to shoes to autos to electronics, the abundance and variety of consumer goods in showrooms and on store shelves is like nothing we have ever known. But for all these material things, which we could make ourselves, we are selling out our country. Beyond this, U.S. sovereignty is being surrendered to a World Trade Organization that will soon declare U.S. sanctions on Iran, Libya and Castro's Cuba illegal. Moreover, the economic independence the founding fathers thought vital to political independence is being lost as our dependency on foreign trade goes from 10 percent of gross national product in 1970 to 25 percent today.
Republicans celebrate the sleek U.S. companies that dominate world trade.
The way American companies get fabulously rich these days is by becoming less and less American. Whatever James Riady and his old man did for Bill Clinton, they are sure getting their money's worth. To pay back terrified U.S. investors and banks that turned their backs on America to go buck-raking in the Far East. The Global Economy is a global racket. Not long ago, Republicans were the party of Middle America.