I do not think it is quite accurate to say that the Bush Administration is turning the country back to the days of McKinley. McKinley was a Protectionist and not a "Free Trader." It was behind trade barriers that the US became a major industrial nation, and he was not about to give up the advantages that Protectionism had given American business.
He was paraphrasing Alexander Hamilton when in remarks opposing the Wood Tariff "feform" bill, he said, "Free foreign trade gives our money, our manufactures, and our markets to other nations to the injury of our labor, our trades people, and our farmers. Protectionism keeps money, markets, and manufacture at home for the benefit of our own people."
Certainly, within the US, the major industrialists fought unions and sought to keep wages low, but they also sought to maintain their control of the profitable American market. With "free trade" that market went to other nations.
I am also unclear on what new economic methods are needed or advocated by the author of this piece. The New Deal worked, and along with WWII, it got us out of the depression. It is rather obvious that trickle-down, supply side economics and "Free Trade" do not work for ordinary people.
Pervis J. Casey
Nov 23 2007 - 3:43pm