The Cody Word
  • May 28, 2008 12:32 PM EDT by Cody Willard

    Flip It: The Colombian Free Trade Agreement Is Meaningless...So Please Focus On It

    What the heck is the Administration doing with this endless promoting of their meaningless Free Trade Agreement with Colombia. (Put more accurately, why can't they just tell us which of their cronies will benefit from this bill and tell us to do them a favor? Same can be said of course for any bill that gets through the Democrats or Republicans pretty much EVER). The time and energy they've spent hyping and selling this bill, which frankly doesn't hurt and might actually be a tiny positive for the economy, to the American public has huge opportunity costs. I mean, for example, couldn't they instead be fixing the tax code or fighting corruption and fraud. Or they could just start clicking on the spam they get and go after who ever sent it to them...that wouldn't be so hard, would it? And that would definitely help this economy become more efficient.

    You know how much their best original estimate for the boost in sales to Colombia might be if they get this bill passed? $1.1 billion. Woo hoo. That's a full 1/160th of the money the Democrats and Republicans in office borrowed from our grand children for their pre-emptive stimulus package. $1.1 billion -- that's the same amount of your money that the Democrats and Republicans and their cronies at the Fed gave the shareholders of Bear Stearns, some of the richest people on the planet, for their worthless stock after they leveraged their company into the ground.

    $1.1 billion....sheesh, I guess it's good that there's something meaningless and not just simply redistributing wealth to their cronies for both those fraternity powers in power to focus on and then vote and pass in this stupid Colombian Free Trade agreement already.

    Flipped it on myself in one brief post here, didn't I?

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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