Soros calls for trade reform Biggest Dem donor speaks on tax cuts,

[RamboLiberal]

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/03/02/BUG275BS8E1.DTL

Global financier George Soros stressed Monday that globalization is headed in the right direction but suggested badly needed reforms in international trade agreements, currency exchange rates and security pacts are necessary to correct inequities.

Soros, 73 and the possessor of a $7 billion fortune, said in an interview with The Chronicle that quick action is needed, especially because the Bush administration seems to be marching off in the wrong direction.

Among other things, the Hungarian-born financier said President Bush has failed to take action to stem job losses, initiate steps to strengthen the dollar and revise trade agreements to assist poor countries.

<snip>

"Since I am not running for office, I can say that the World Trade Organization and international trade increase the size of the pie; there is more gain than loss,'' he said.

"However, the losses are real, and it is the job of the government to create more jobs than are lost. The Bush administration is failing to do this. ''

[Warpy]

1. Well, somebody finally mentioned currency exchange issues.

I might have known Soros would be the one to do it.

After all, no human being can exist on what thirty cents a day will purchase in the US, yet workers in some hellholes manage to keep body and soul together on just that amount of money expressed in dollars when their own local pay is exchanged for dollars.

Soros knows that this whole race to beggar the US working public while a few fat cats scramble to cut labor costs so they can wring every last dollar out of a corporation they're using as a cash cow is simply not sustainable.

I just hope more people start to listen