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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Not a bloodless process"...
Transcript of Obama's speech at the Brookings Institute 2006I think that if you polled many of the people in this room, most of us are strong free traders and most of us believe in markets. Bob (Rubin) and I have had a running debate now for about a year about how do we, in fact, deal with the losers in a globalized economy. There has been a tendency in the past for us to say, well, look, we have got to grow the pie, and we will retrain those who need retraining. But in fact we have never taken that side of the equation as seriously as we need to take it. So hopefully, this is not just going to be a lot of preaching to the choir. Hopefully, part of what we are going to be doing is challenging our own conventional wisdom and pushing boundaries and testing these ideas in a vigorous and aggressive way.
....Just remember, as we move forward, that there are real consequences to the work that is being done here. There are people in places like Decatur, Illinois, or Galesburg,Illinois, who have seen their jobs eliminated. They have lost their health care. They have lost their retirement security. They don't have a clear sense of how their children will succeed in the same way that they succeeded. They believe that this may be the first generation in which their children do worse than they do. Some of that, then, will end up manifesting itself in the sort of nativist sentiment, protectionism, and anti-immigration sentiment that we are debating here in Washington. So there are real consequences to the work that is being done here. This is not a bloodless process.
I guess we soon find out who the losers are in this deal that is about far more than trade.
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"Not a bloodless process"... (Original Post)
madfloridian
Jun 2015
OP
Cheese Sandwich
(9,086 posts)1. can confirm. nt
madfloridian
(88,117 posts)2. .....
Sorry about that. Can't believe this thing passed.
Cheese Sandwich
(9,086 posts)3. Shit happens. It's not a bloodless process