Open borders are only a problem for weak democracies with citizens that allow their rights to be voted on by their neighbors and allow their government to subsidize immigration. Free trade results in greater prosperity through more efficiency of allocation of resources than central planners can produce, whether elected or otherwise. Yes America would lose some of its global advantages without its protectionist economic policies, but that's because our entire economy is a protected bubble, growing bigger and bigger until its finally breaks, like the housing industry in 2008. Better to let the market correct itself now, in my opinion, than to drag us into WW3/CW2 in a vain attempt to duct tape the wheels back on this train.
The government claiming that its policies are "free trade" is as laughable as LAGC calling himself a libertarian. Don't blame TARP on free trade when it's really government controlled trade.
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