McCain's New "Stay The Course" Economy

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Excerpt:
YOUNGSTOWN, Ohio — Standing before a nearly shuttered factory pocked with broken windows in a city devastated by the erosion of its industrial base, John McCain on Tuesday urged Americans to reject the "siren song of protectionism" and embrace free trade.

With prosperity like that, we'll have plenty to look forward to under President McCain.

This is just from memory so bear with me on this one. In a related piece a couple days ago on CNBC during an anti-union pro-trade agreement rant, host Trish Regan, with the usual panel of stock market experts, told a story of two nearly identical factories. The two she explained were owned by the same company, Tenneco. One is in Beijing and the other in Michigan. She then went on to ask the only anti-free-trade agreement pro-union panelist the question, "Which one is more profitable?" He said probably the one in Beijing. In a classic "gotcha" snicker she said "wrong!!" Contrary to what many believe, the factory in the U.S. is far more profitable because of much higher PRODUCTIVITY, she said. Ooooops.

This news blurp ended right there and when the panel came back about a half-hour later, they knew they flubbed the anti-union twist they intended and tried to correct the spin by saying the high productivity at the American factory couldn't possibly be attributed to union workers because they only comprise 7% of the American workforce. The conversation ended there without any further explanation for the higher profits at the American factory.

This was Wednesday morning during the daily "free lunch" show. No link available.