http://gristmill.grist.org/story/2008/3/29/82021/1196

Tarrifs start trade wars.  Really bad economic juju.  Just what made the great depression really great.  Tarrifs and trade war.  We gots to remember our history.

Never fear, cheaper, cleaner energy will create jobs and bring them back.  A double job booster.

New jobs building out renewables and conservation.  And cheaper solar furnace and wind power process energy for manufacturing.  Plus better stuff to manufacture, all the devices that will be needed to power up renewably.  

Everyone else will want these.  Exports, positive trade balance, prospertiy, strong currency, debt and deficit paydown.  It's all doable.  A 10 cent per kwh GHG free energy subsidy would make it zoom ahead.

A real trade war involves tarrifs and counter tarrifs, escalating into disaster.  That was the great depression.  To paraphrase the inimitable Colbert (the great imitator):  "The great depression, a great depression or the greatest depression?"

If we start a real trade war it'll be one of the greatest, but this next one will be the greatest.  Unlimited unregulated corporate globalization is a disaster, adding a huge global economic slide will only compund it.

Regulation without destruction is needed. Instead what do we get?  Lipservice about regulation and enforcement of present regulation on mega financial trading "banks" and hedge fund scammers.  Huge bailouts that weaken our currency and threaten all of our wages, assets, and savings.

Crony capitalsim touts "free" markets all day long, then relies on government bailouts when their free marketeering goes wrong.  Then when we talk about regulation to prevent anothetr bubble?  They blackmail us by threatening to take their(?, really assets stolen from us all) offshore.

Many of these financial VIPs would be easier to negotiate with if they were in a nice white collar country club prison.  Look what it did for Martha's attitude.  They might even agree to return some of the stolen assets if we offered stuff like extra soap or lime jello on fridays.  Prisoners are grateful for small favors.