Last evening I posted a plea to the unlikely co-conspirators Harry Reid and John Boehner to dislodge their craniums from their colons. To not play to the voters’ angst and utter lack of understanding the net benefits (to the U.S.) of outsourcing.
It appears that President Obama is gaining some traction on this one. As Romney, the consummate capitalist yet clumsy campaigner, stands frozen in the headlights. He knows there’s a compelling riposte, but he knows not how to articulate it. He clearly has no more regard for the consumer’s capacity to understand than do Reid and Boehner.
I know many of you struggle with this one. But think about it folks: The U.S.’s (maturing) 300 million represents a mere 4% of the world population. You are sorely mistaken if you believe protectionism, in way, shape or form, can lead to prosperity.
Here’s Milton Friedman paraphrasing Leonard Read’s I, Pencil.
http://youtu.be/R5Gppi-O3a8