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By Peter Crawford:
Trading It Away
The United States is in open competition with the very countries from which we buy our goods and finance our government. These countries supply our consumption while simultaneously competing fiercely against our companies in international markets. India, Japan, China and the European Union consistently rail against “protectionism” in the U.S., because they do not want their unfettered access to the U.S. market tampered with.
The U.S. is told that it must oblige to its commitment to free trade — not because it is in OUR best interest, but because it is in our foreign creditors’ best interest.