Eugene David<br>...The One-Minute Pundit

Posted 4:57 PM by Gene

SMUG:

...“Ninety-six percent of our clothing is imported. This nation cannot even clothe itself.” But if we literally couldn’t clothe ourselves, we’d be naked. Dobbs’s line is like saying we can’t feed ourselves because we buy groceries from supermarkets. Textiles inherently are not an advanced, high-paid industry, and it is no wonder that an economic superpower doesn’t do a lot of textile production. Would Dobbs prefer that more of us were hunched over sewing machines rather than employed in industries like software development, financial services, law, accounting, biotech, and pharmaceuticals?

Lou was a fraud as a corporate sycophant; he's a fraud as a populist. He's a fraud PERIOD. But at one time we could be good at textiles and high-tech. How much of our economy depends on GUVMENT? How much of it depends upon what are glibly called "services"? How much of the services (EHDYUKAYSHUN, medicine) get their wherewithal from GUVMENT? How much of our computers have parts from overseas? How much of "financial services" are predicated upon merging and merging and putting people out of work -- and old fashioned law-breaking? Accounting? ANDERSEN! LAW? I thought you con-SER-va-tives were fond of saying what a DRAIN it is on our economy! How much of "software development" has headed overseas? How much of big pharma and biotech is speculation, or chasing rainbows? You needn't be a FRAUD like Lou to sense something's amiss -- and the answer isn't more $500 million CEOs, or outsourcing.