Dianne Feinstein Quotes
Trade creates jobs.
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
Dianne Feinstein, U. S. Senator (Democrat, CA), San Francisco Mayor (Democrat), Interview by George Stephanopoulos, ABC This Week, May 17, 2015
Sourced by: Eigen's Political and Historical Quotations
Whitaker was right bet at that time his advice was not heeded. When Ireland late in the 20th century finally acted on his advice and eliminated almost all of their protectionism, the economy thrived and not only did the Irish emigration stop, but people began to immigrate to Ireland for the economic opportunity.
The colony, Darien, failed as the Spanish evicted the colonists. Yet Holland’s economic view of the advantages of international trade was remarkably prescient.
This surprising quotation, along with others a far from main steam American views (See {623830} ) assured her election defeat.
The industrial revolution was also creating an entirely new form and structure for international economics.
Dianne Goldman Berman Feinstein is an American politician who has served as the senior United States Senator from California since 1992. A member of the Democratic Party, she was mayor of San Francisco from 1978 to 1988.
