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The New Print Edition of CounterPunch, Only for Our Newsletter Subscribers!

Why Wall St is Betting Millions on Obama

In part 2 of her investigation, market veteran Pam Martens traces the money big Wall Street players are sluicing into Obama's war chest and exactly why they are investing big-time in the "campaign for change". Plus more on the "No federal lobbyists on my team" fraud. You've heard about the plutonium-powered spy transmitters the CIA tasked climbers to haul up 25,000 feet to the high peaks of the Himalayas? What happened to the one they lost and to the men who carried them? Peter Lee gives CounterPunchers the full amazing story. Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great holiday presents.

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Today's Stories

March 8-9, 2008 Weekend Edition

JoAnn Wypijewski
The Only Way to Fight the Clintons

Mike Whitney
Sorting Through the Rubble in Post Bubble America

Peter Morici
Fed and Treasury Fiddle as Economy Plummets

Jonathan Cook
The Meaning of Gaza's Shoah

Steve Niva
Behind the Israeli Escalation in Gaza

Bill and Kathy Christison
Crisis over Teheran's Alleged Nuclear Plans Nearing Climax

Hervé Do Alto and Franck Poupeau
Bolivia: Morales is Checked

Eric Walberg
To Leave and Stay at the Same Time: Putin to Medvedev to…?

Scott Johnson
City of A Thousand Foreclosures

Mark Scaramella
James Brown's Gate

Bill Clinton
President Clinton's Remarks on Naming William M. Daley as NAFTA Task Force Chairman

Poet's Basement
St. Thomasino, Engel, Davies and Willson

March 7, 2008

Patrick Cockburn
Why Iraq Could Blow-Up in John McCain's Face

Robin Blackburn
Question for Barrack Obama: Why Afghanistan is the 'Right War'?

Saul Landau
The Stupid Economy

Binoy Kampmark
When Competition is Good: McCain and the Muddled Democrats

Chris Floyd
Crushing the Ants: Admiral Fallon and His Empire

Andy Worthington
Spanish Drop "Inhuman" Extradition Request for Guantánamo Britons

Will Potter
Before the Smoke Even Clears in Seattle: Bringing Out the T Word

Eric Walberg
To Leave and Stay at the Same Time: Putin to Medvedev to…?

March 6, 2008

Vincent Navarro
The Next Failure of Health Reform

Forrest Hylton
High Stakes in the Andes: Colombia's Cornered President

Peter Morici
Why the Dollar is So Cheap

George Ciccariello-Maher
Counter-Attack of the Bureaucrats

John Ross
Taxi! Taxi! The Dark Side of the Oscars

Jacob Hornberger
No Standing to Lecture on Justice

Paul Watson
Illegal Japanese Whaling by the Numbers

Dan Bacher
Off the Deep End

Website of the Day
A Katrina Reader Online

 

March 5, 2008

Cockburn / St. Clair
A Great Day for John McCain (and Maybe Nader)

Joanne Mariner
After Guantanamo

Fidel Castro
The Raid on Ecuador: Underestimating Rafael Correa

Christopher Brauchli
The Turkish Invasions

Steven Sherman
Obama and the Prospects for a Renewal of the Left

Dave Lindorff
Busting Bush & Co. in New England

James Murren
Bombing Somalia

Adam Engel
Necropolis Now

Website of Day
Remember Song

 

March 4, 2008

Wajahat Ali
Mumbo Jumbo: Naming Names with Ishmael Reed

William Blum
How Could Hillary Have Known?

Bill Quigley
The Cleansing of New Orleans

Ralph Nader
The Prince Harry Solution

Patrick Irelan
Oil and Health in Venezuela

James J. Brittain /
R. James Sacouman

Uribe's Colombia is Destabilizing a New Latin America

Norman Solomon
The War Election

Jacob Hornberger
Hillary in Waco: the Missing Apology

Andy Worthington
Guantánamo and the European Parliament

Mike Averko
Kosovo and the Press

Website of the Day
Tex-Mex Primary

 

March 3, 2008

Jennifer Loewenstein
Gazan Holocaust

Alan Farago
American Politics and the Faltering Economy

Richard Gott
Colombian Deaths in Ecuador

Wajahat Ali
Who Speaks for a Billion Muslims? Analyzing the World Gallup Poll with John Esposito

Paul Craig Roberts
The Mukasey Conspiracy: a Bi-Partisan Attack on the Constitution

Robert Weissman
When Multinationals Say Adieu

Uri Avnery
Good Morning, Hamas

Martha Rosenberg
When Your Meat is a Downer

Eva Liddell
Leave the Next Dance for Bill

Michael Donnelly
Will Ferrell Does Flint

Website of the Day
Muddy Waters: Train Fare Home Blues

 

March 1 / 2, 2008

Alexander Cockburn
The Race Card

Paul Craig Roberts
The Political Trial of Don Siegelman

Kathleen and Bill Christison
Nader the Best Antidote to American Imperialism

Nelson P. Valdés
Cuba After Fidel

Christopher Brauchli
Meet Mr. Nursultan Nazarbayev: Friend of Bill, George and Dick

Ron Jacobs
Inside the Secret City: Bomb Making at Oak Ridge

John Ross
The New Conquistadores: Spain's Reconquest of Mexico

Robert Fantina
Posturing Over Patriotism: Obama and Those Lapel Pins

Robert Weissman
Hidden in Plain Sight: Human Rights Hypocrisy

Mohammed Omer
Fear in Gaza

Remi Kanazi
Barack Obama and the Politics of Xenophobia

Bob Jackson
Why is Yellowstone Destroying Its Bison Herd?

Richard Rhames
Casual Threats: Loaded with Mercury

Franklin Lamb
Lebanon Awaits the Arrival of the USS Cole

Rannie Amiri
Showboat Diplomacy: US Warships Steam Toward Lebanon

David Michael Green
The Three Faces of Hillary: the Politics of Flim-Flam

Conn Hallinan
Notes from the Southern Cone

Faheem Hussain
Prince Harry of Afghanistan and the Meaning of Normalcy

Poets' Basement
Gibbons, Orloski, Gardner and Ford

Website of the Weekend
The Palestine Chronicle Needs (and Deserves) Your Help!

 

 

February 29, 2008

Matt Gonzalez
The Obama Craze

Jonathan Cook
Academic Freedom? Not for Arabs in Israel

Joshua Frank
Obama and Israel

Anthony DiMaggio
The Unilateral Presidency: Signing Statements and the Rollback of American Law

Linn Washington, Jr.
Cop Abuse in America

Binoy Kampmark
Hubris and Nemesis

Robert Bryce
Energy Efficiency May be a Good Thing, But It Won't Cut Energy Use

Sonja Karkar
Australia's Government Continues Its Love Affair with Israel

Dave Lindorff
A Manchurian Candidate in the White House? Obama or Bush?

Website of the Day
Olduvai George

 

February 28, 2008

Patrick Cockburn
"Iraq" Falls Apart

Fred Gardner
The Birth of NAFTA

Michael Levitin
The Crisis in Kosovo is Just Beginning

William S. Lind
The Fake State of Kosovo

David Macaray
A Ray of Hope for Organized Labor

Stephen Fleischman
Nader's Latest Run: Monkey Wrench or Cattle Prod?

George Wuerthner
The Myths of Forest Health: Why Ecological Logging is an Oxymoron

Laura Carlsen
The North American Union Farce

Carl Finamore
Why the Delta-Northwest Deal Hasn't Taken Off

Michael Dickinson
The Day I Bombed the House of Commons

Website of the Day
Plane Stupid

 

February 27, 2008

David Rosen
Playing the Race Card: Obama, Love Across the Color Line and Political Dirty Tricks

Vijay Prashad
Bomber John: McCain and the 100 Year War

Harvey Wasserman
Incident at Turkey Point: Did Florida Go to the Radioactive Brink?

Andy Worthington
Guantánamo's Shambolic Trials: Pentagon Boss Resigns, Ex-Prosecutor Joins Defense

Wajahat Ali
Pakistan for Sale: an Interview with Ayesha Siddiqa on Pakistan's Military Economy

Peter Morici
The Auction-Rate Securities Fiasco: a Drama of Greed and Betrayal

Stephen Philion
Conspiracy Theory, Fears of Betrayal and Today's Anti-War Movement

Michael Donnelly
Obama by Unanimous Decision

Erica Rosenberg /
Janine Blaeloch
After the Land Deals: Will There be Any Wilderness Left to Protect?

Website of the Day
Dress Blues

 

February 26, 2008

Debbie Nathan
Confessions of a Gitmo Guard

Alan Dershowitz
v. Frank Menetrez

On Finkelstein

Harvey Wasserman
How Ohio Got Nuked

Michael Colby
Ralph Nader vs. the Fundamentalist Liberals

Gary Leupp
Condi vs. Putin on Bullying Belgrade

David Orchard
The New Conquistadors: Canada in Afghanistan

Martha Rosenberg
The Big HRT

Fran Shor
The Electoral Circus and Nader's Sideshow

Serge Halimi
The Dom Perignon Socialist Manifesto: Bernard Henri-Levy's Plan for the French Left

Global Balkans
Neo-Liberalism and Protectorate States in the Post-Yugoslav Balkans: an Interview with Tariq Ali

Website of the Day
Texistentialism

 

February 25, 2008

Roger Morris
A Death in Damascus

Anthony DiMaggio
Military Bases, the Media and the Democrats

Ralph Nader
Why I'm Running

Patrick Cockburn
Iraq Broils

Paul Craig Roberts
Kosovo and the Empire Crazies

Peter Morici
Bernanke's Failing Policies: a Long Recession Looms

Dave Lindorff
General Welch's Whitewash: What We Still Don't Know About That Minot Nuke Incident

Saul Landau /
Farrah Hassen

Fanatics, Mountebanks and Drillers: a Bloody Oil Film

Heather Gray
James Orange, Civil Rights Legend

Robert Weitzel
Accomodating Torture

John Halle
Kucinich Goes Down

Website of the Day
Do the Trunk Monkey!


February 23 / 4, 2008

Alexander Cockburn
The Mushrooming Clouds That Hang Over McCain

Paul Craig Roberts
Obama and Global Trade

Wajahat Ali
Omissions of the Commission: an Interview with Phillip Shenon on the 9/11 Commission

Ralph Nader
Neutering the FDA

Jürgen Vsych
"What Was Ralph Nader Thinking?"

Fidel Castro
Watching the US Presidential Campaign from Havana

Andy Worthington
Britain's Guantánamo

David Macaray
Unions Under Assault

Jeremy Scahill
The Real Story Behind Kosovo's Independence

David Krieger
Stanley Sheinbaum
Caging the Cold War Monster

Ron Jacobs
Building for the Future

Michael Garrity
The Last, Best Hope for the Northern Rockies

Brian McKenna
Higher Ed's "Civic Engagements" Get Dumbed Down

Missy Beattie
Over the Hill with John McCain

Fred Gardner
American College of Physicians Takes Pro-Cannabis Stand (Mostly)

Boris Kagarlitsky
The Growth of the Russian Labor Movement

Mike Ferner
Kick That Barrel

Dan Bacher
On the Trail with the Border Angels

Christopher Ketcham
Hillary Goes Where Obama Fears to Tread

Poets' Basement
Davies and Buknatski

Website of the Weekend
Obama Mariachi

 

February 22, 2008

Mike Whitney
The Bonfire of Capital

Jason Hribal
Elephants and the Circus: The Story of Janet

Liaquat Ali Khan
Arresting Musharraf

Joshua Frank
That Obama Glow: the Nuclear Industry's Golden Child

Dave Lindorff
Vicki's John: Ask Not What She Did for Him, Ask What He Did for Her!

Liliana Segura
When Torture is Old News: McCain's Blonde Diversion

Robert Fantina
Castro, Bush and Cuba: a Fiasco Waiting to Happen?

Yifat Susskind
The ABCs of Death: Bush vs. Africa's Women

Norm Kent
Pushing 60 with Pot

Website of the Day
Bush Gets Down in Liberia

February 21, 2008

Saul Landau
Fidel Steps Aside

Elizabeth Schulte
Left Behind, With No End in Sight: America's Long-Term Unemployed

Helen Redmond
Health Care as a Human Right

Benjamin Dangl
Undermining Bolivia

Michael Levitin
Kosovo's Dilemma

Liam Leonard
Fear and Loathing on the Emerald Isle

Patrick Irelan
Land and Food in Venezuela

Linn Cohen-Cole
Poor Ohio: a Second Letter to Hillary on Her Ties to Monsanto

Michael Simmons
Daydream Believer: John Stewart, the Miles Davis of Folk Music

CounterPunch News Service
A Message from the Women of Okinawa to US GIs

Website of the Day
Cop Abuse in Shreveport

 

February 20, 2008

Paul Craig Roberts
Lies and Spies

Paul Krassner
My Brief Encounter with Fidel Castro

Fawzia Afzal-Khan
The Pakistani Elections

Farzana Versey
The Great Dictator: Musharraf, Peace and the Autumn of the Patriarch

Allan Nairn
Dying for a Second Round: Israel's New Plan to Attack Lebanon

John V. Whitbeck
If Kosovo, Why Not Palestine?

Niranjan Ramakrishnan
A Balcony Seat to Our Own Balkanization?

Steve Eckardt
Cuba Sans Fidel: No News is Big News

Lee Sustar
Union-Busting at Freightliner

Mike Ferner
How Sick of It are You?

Website of the Day
The US Military Index

 

February 19, 2008

Uri Avnery
Blood and Champagne

Paul Craig Roberts
Paying Insurgents Not to Fight

Gary Leupp
The Independence of Kosovo

Fidel Castro
The Moment Has Come

David Macaray
Management's Dirty Little Secret

Reza Fiyouzat
Buck the Circus! The Left and the Elections

Valerie Morse
The New Zealand Terror Raids: Land of the Long White Lie

Walter Brasch
Bush on Safari

Website of the Day
Don't Think Twice, It's Alright

 

February 18, 2008

Wajahat Ali
Free Pakistan: an Interview with Imran Khan

Diana Johnstone
NATO's Kosovo Colony

Paul Craig Roberts
What Do We Stand For?

Andy Worthington
Gitmo: "We're Making This Up as We Go Along"

Debbie Nathan
Bernie Ward's Sex Tapes

Anthony DiMaggio
Following the Money Trail: the Democratic Party and the Business of Elections

Bill Simpich
Ten Years Ago, People Power Stopped Clinton in Iraq

Eva Liddell
A Short History of Super-Delegates: Hope, Yes! But Pay in Cash

Christopher Brauchli
The President Who Couldn't Keep His Word: Short-Changing Veterans

Stephen Soldz
Wikileaks is Under Attack!

Johann Rossouw
The Ouster of Thabo Mbeki: South Africa and the Costs of Neoliberalism

Website of the Day
Sick of It Day!

 

February 16 / 17, 2008

Alexander Cockburn
The Terrorists Still at Ground Zero, 7 World Trade Tower, Lower Manhattan

Ralph Nader
We the Corporations ...

David Macaray
The Big Buy Out: Did GM Drive Another Nail in Labor's Coffin?

William J. Peace
Wheelchair Dumping

Ron Jacobs
War on the Psyche: Shellshock and Redemption

Diane Christian
War Corrupts

Alan Maass
Oil, Blood and Greed: Taking Upton Sinclair to the Big Screen (and Beyond)

Ramzy Baroud
Iraq and the US Elections

Michael Donnelly
Genitalia First! Old Guard Feminists Play the XX Card

Cpt. Paul Watson
The Art of Finding Whalers

James L. Secor
China Diary: Spring Festival and New Year 2008

Eve Bachrach
Bush Returns to Africa

Nikolas Kozloff
Hugo Chávez's Anti-Imperialist Army

Stephen Gowans
Steven Spielberg, Faux-Humanitarian

Missy Beattie
To Vote or Not to Vote?

David Michael Green
Warming Slowly to Obama

Wajahat Ali
Attack of the Info-tainment Circus

Poets' Basement
Gibbons, Willson, Mickey Z., Orloski and Reuther

Website of the Day
Yellowstone's Bison Need Your Help--NOW!

 

 

February 15, 2008

George Szamuely
The Absurdity of "Independent" Kosovo

Patrick Cockburn
Ground-Truthing the Surge: Is the US Really Bringing Stability to Baghdad?

Wajahat Ali
Pakistan is Burning: an Interview with Steve Coll on the Taliban, Bin Laden and the Bush Administration

Mike Whitney
Henry Paulsen's Wild Ride on the Economic Hindenberg

Alan Farago
God and the Democrats

Chris Genovali
Alberta's Black Gold Rush

Jacob Hornberger
Courting Injustice: Scalia on Torture

Dave Lindorff
Snoops Always Ring Twice: Bush's Protect America Bill Bull

Website of the Day
Live From the Land of Hopes and Dreams

 

 

February 14, 2008

Kathleen and Bill Christison
Palestine in the Mind of America

Mike Whitney
Swan Song for NATO

Clancy Sigal
Strike Notes from a Screenwriter

George Wuerthner
A Bloody Sham: the Yellowstone Bison Slaughter

Peter Morici
Is Bernanke Headed for the Exit?

John Ross
Drug War Mayhem Boils Over from Border to Border

Allan Nairn
Mafia Rules in the Middle East: If You're Big Enough, You Can Whack Anyone

Rannie Amiri
Lebanon's Warmongers

Niranjan Ramakrishnan
The New Tractatus: Where Wittgenstein Meets Feinstein

Donna Volatile
Be Careful What You Vote For, You Just Might Get It

Seth Sandronsky
The Student Squeeze: Fighting California's Tuition Hikes

Website of the Day
Conventions: the Land Around Us

 

February 13, 2008

Nikolas Kozloff
Meet John McCain: Mr. Big Stick in Latin America

Alan Farago
Hell to Pay: Warren Buffett on the Goal Line

Christina Kasica
King's Dream Foreclosed: the Subprime Crisis in Black America

Vicente Navarro
How to Read the U.S. Primaries

Hall Greenland
Australia's Finest Hour

Lee Sustar
Strange Stimulation: Too Little for Those Who Need It Most

David Macaray
The Writers' Strike Finally Ends

Roderick Frazier Nash
Celebrating Wilderness

Patrick Irelan
Hugo Chávez and High Anxiety at the NYT

Anthony Papa
Mean Mister Mukasey: AG Tries to Block Crack Cocaine Releases

Carl Finamore
Another Parade Passes Me By: Don't Let Your Movement be Coopted by Politicians

Website of the Day
John He Is

 

February 12, 2008

Frank J. Menetrez
The Case Against Alan Dershowitz

Paul Craig Roberts
War Without End

Dr. Trudy Bond
The Elephant at Gitmo: Camp 7 and the Torturer's Shrink

Andy Worthington
The Guantánamo Six: Why Charge Them Now? What About the Torture?

Col. Dan Smith
The Psychology of Killing: Close In or Far Away?

Ronnie Cummins
Globalization: Standing at the End of the Road

Ralph Nader
Open the Government

John V. Walsh
Antiwarriors, Divided and Conquered

Dave Lindorff
Obama and Progressive Change: Let's Hope the Movement Transforms the Candidate

Michael Donnelly
Who's Pimping Whom? The Clintons' Selective No Talk Rules

Ron Jacobs
La Lucha Continua: Castro's "Life"

Ben Tripp
Beggars Collide

Website of the Day
Springsteen and Youngstown

 

February 11, 2008

Cockburn / St. Clair
Lessons for Obama: When is a Delegate Not a Delegate?

Wajahat Ali
A Discussion with Walt and Mearsheimer on the Israel Lobby

Ray McGovern
Waterboarding for God and Country

Allan Nairn
The Shooting of Jose Ramos Horta

Uri Avnery
An End Foreseen?

Chris Floyd
American Psycho: the Meaning of Mitt Romney's Exit Speech

Martha Rosenberg
School Lessons in a Lunchbox: Lunchmeat from Tortured Cows

Stephen Fleischman
The Bonnie and Clyde of American Politics

Marc Lamont Hill
Not My Brand of Hope

Liliana Segura
Obama and Torture: the Sounds of Silence and Equivocation

Peter Morici
Challenges for the New President

Christopher Brauchli
A Drug Rant from a Former Taker

Website of the Day
Annie vs. the Blue Angels

 

February 8 / 10, 2008

Paul Craig Roberts
Does the GOP Have Aces Up Its Sleeves?

Patrick Cockburn
Will Moqtada al-Sadr's Truce Hold?

Mike Whitney
The Great Bust of '08

Anthony DiMaggio
How the Press Covers Waterboarding

Andy Worthington
The Guántanamo Trials: Where are the Terrorists?

Linn Cohen-Cole
Hillary, Will You Renounce Your Ties to Monsanto?

Firmin DeBrabander
Notes from the Foreclosure Front: Suing Your Way to Solvency

Cpt. Paul Watson
The Other Whaling Industry: How Greenpeace Cashes In on the Suffering and Deaths of the Great Whales

Kenneth S. Pope
Why I Resigned from the American Psychological Association

Jacob G. Hornberger
American Soldiers Will Pay the Price for Bush's Torture Policy

Robert Bryce
Beyond Group Think on Climate Change: If More CO2 is Bad ... Then What?

P. Sainath
The Last of the Buccaneer Editors

Allan Nairn
Give Me Back My Land

Fred Gardner /
Pebbles Trippet

"The District Attorney of Shasta County Doesn't Know the Law!"

Andrew Wimmer
Growing Up Catholic: Ignorance is Death

Robert Fantina
America's Disgrace: the Case of Omar Khadr

David Michael Green
Partycide in Six Easy Steps: Watch the Democrats Destroy Themselves

Kevin Zeese
Is Dennis Kucinich Being McKinney'd?

Peter Morici
Wall Street Gives Bernacke a Vote of No Confidence

Chris Driscoll
Could Nader be the Come-Back Kid of 2008?

Prairie Miller
Black August: Bringing George Jackson's Life to the Screen

Poets Basement
Davies and Buknatski

 

February 7, 2008

Patrick Cockburn
Why Baghdad Will Explode Again

Bill Christison
Potholes Bigger Than Ever for Palestinians

David Anderson
NBC's "To Entrap" a Predator: Perverting Justice for the Sake of Ratings

Ron Jacobs
Innocent Flesh: Recruiting Kids to Kill

Nikolas Kozloff
Hugo Chávez's Coca: It's the Real Thing

Jane Rockefeller
The Moral Economy of an Anti-Poverty Foundation

Andy Worthington
On Waterboarding: Two Questions for Michael Hayden

 


 

 

 

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March 8-9, 2008

Lest We Forget

President Clinton's Remarks on Naming William M. Daley as NAFTA Task Force Chairman and an Exchange With Reporters

August 19, 1993

The President. Good afternoon, everyone.

Ladies and gentlemen, I am pleased to announce that my good friend, Bill Daley of Chicago, has agreed to be the Chair of the administration's Task Force on the North American Free Trade Agreement. This agreement means more trade, more exports, and more jobs for the United States. I think it is very much in our national interest.

I also think it means the opportunity to go not only to Mexico but beyond Mexico into other nations in Latin America to develop stronger trading relationships that will boost our economy, the jobs, and the incomes of the American people well into the 21st century.

Thanks to the hard work done by Ambassador Mickey Kantor and the other members of the U.S. Trade Representative's staff, we have now seen in the last several days the conclusion of a remarkable set of side agreements to guarantee real investments in environmental cleanup and a dramatic and unprecedented commitment by the Government of Mexico to tie their minimum wage structure to increases in productivity and growth in the Mexican economy and to make that a part of the trade agreement, so that failure to do that could result in fines and ultimately trade sanctions, meaning that Mexico is serious about making this a trade agreement that benefits Mexican workers, raises wage levels, increases their ability to buy American products, and decreases the impetus for continued illegal immigration across the Mexican border. I am very, very encouraged by this.

I also want to say that as we move into this campaign vigorously now and it's something that we've not been able to do because we didn't have an agreement until just a few days ago, Mr. Daley will be working with Ambassador Kantor, with the Secretary of Treasury, with the Director of EPA, with the Labor Secretary, and with other members of the Cabinet, including the Commerce Secretary, to present a strongly united front. Furthermore, we will be reaching out to involve in the national leadership of this task force prominent Republicans, Democrats, and independents who have a common interest in promoting the NAFTA and what it can do for our economy.

I believe, as I said repeatedly, that if we could get these side agreements which have now been concluded, this trade agreement means a better future for America's workers, for American industry, for the American economy. I think it is very much in our interest to adopt it. I believe the fact that Bill Daley has agreed to take a leadership role enhances the chances of its adoption, and I know that the Vice President, Mr. McLarty, and others in our administration join me in expressing our thanks to Bill Daley. And he'll be here soon, and we'll be going to work.

Would you like to say a few words?

[At this point, Mr. Daley made brief remarks.]

Q. Mr. President, how can you convince American workers that NAFTA is good for them when major corporations are laying off thousands of people? Where are the jobs going to come from?

The President. Well, major corporations are laying off thousands of people in part because they don't have enough work for them. Part of this downsizing is an inevitable part of the reorganization of some of those big employers. But what has happened is that for the last 12 years, for a long time, we had more jobs created in small business, in medium-sized businesses than were being lost in large businesses. The Fortune 500 laid off more than 100,000 people a year every year of the 1980's.

So, this trend is something that has been going on for some time. Whether we gain jobs or not, and gain good jobs, depends on whether there is more demand for American products and services. And there is ample evidence that the only way a wealthy country grows wealthier in a global economy is to increase the volume of trade. And it is a clear, elemental principle of economics that if you want more people to go to work in a competitive economy, you have to have more people to sell to. So that's what we're trying to do. I feel very strongly about it.

I also believe that by raising the incomes of Mexicans, which this will do, they will be able to buy more of our products, and there will be much less pressure on them to come to this country in the form of illegal immigration. So I think this will be a very stabilizing, economically healthy agreement.

I believe, to be fair, that a lot of the people who are against this agreement were against the original agreement and may not have had the chance to evaluate the side agreements that we've worked so hard since January to conclude with the Mexican Government. And I think that that will make a difference.

I also think that it's important that this Government, our Government, make a good-faith effort to make sure that we provide adequate retraining and other opportunities for people who fear they will be subject to dislocation under this agreement. In my mind, there is no question that this agreement is a significant net plus for the American economy.

Q. Do you and Mr. Daley have any idea how you are going to overcome or circumvent the leadership of the House, the majority leader and the chief whip, both of whom are opposed to NAFTA?

The President. Well, the chief whip is clearly opposed to it, and I think he,  and I admire him immensely, but we just have an honest disagreement about this. And I might say, since he's from Michigan, I would just point out to you not very long ago General Motors announced that they were moving 1,000 jobs back from Mexico to the United States to be closer to the market and because of the higher productivity of the American worker.

I'd like to make one point about that, and then I'll say something about the majority leader. I have governed a State where people shut their plants down and went to Mexico for low wages. I have been there. And my belief is that if we defeat NAFTA, nothing will stop. NAFTA won't stop people. If you beat NAFTA, it will not stop people who want to go to Mexico for lower wages from going there. But more and more, smart manufacturers are deciding that they should locate where they're going to have a highly productive work force and where they'll be reasonably close to the market and where they'll be very flexible to change product lines on a rapid basis. I think that this will help the American economy.

I also think that the kinds of investments you'll see in Mexico, if NAFTA passes, are not those investments along the American border that produce more products to come back into America but investments further down into Mexico to put Mexican people to work to produce products for their own market, which, again, will stabilize their incomes, stabilize their population movement, increase their ability to buy American products. So that's the argument I'm going to make to others. I don't think I can change Mr. Bonior's mind, but I think perhaps I can change others.

Mr. Gephardt has a different set of concerns. He wants to make sure that we're going to adequately fund the training programs, that we're going to adequately fund the environmental programs, and that the Mexican commitment to raise minimum wages means that manufacturing wages will in fact go up as their incomes go up. And I still have high hopes that things that will happen between now and the time the implementing legislation is presented to Congress in several weeks will persuade him to support this. I do believe it will be difficult for us to prevail if both of them are opposed. But Mr. Gephardt has some high standards for this agreement, but I'm not sure they can't be met.

And I also say, I want the Members of Congress who have not announced their positions to review these agreements. There has never been a trade agreement with this kind of environmental protection in it. There has certainly never been a trade agreement where one country committed to raise its wages when its productivity increases and to make that wage increase a subject of the trade agreement so that they can be subject to fines for trade sanctions that they don't keep. This has never happened before. Mexico was serious about trying to raise the living standards of its own people in ways that help stabilize American wages and American jobs.

Thank you.

 

 



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Grand Theft Pentagon
How They Made a Killing on the War on Terrorism

 

 

 

 

 


The Occupation
by Patrick Cockburn

 


Humanitarian Imperialism
By Jean Bricmont


 

 


CITY BEAUTIFUL
By Tennessee Reed