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21 Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged, Declawed And Deindustrialized

Once upon a time, the United States was the greatest industrial powerhouse that the world has ever seen.  Our immense economic machinery was the envy of the rest of the globe and it provided the foundation for the largest and most vibrant middle class in the history of the world.  But now the once great U.S. economic machine is being dismantled piece by piece.  The U.S. economy is being gutted, neutered, defanged, declawed and deindustrialized and very few of our leaders even seem to care.  It was the United States that once showed the rest of the world how to mass produce televisions and automobiles and airplanes and computers, but now our industrial base is being ripped to shreds.  Tens of thousands of our factories and millions of our jobs have been shipped overseas.  Many of our proudest manufacturing cities have been transformed into “post-industrial” hellholes that nobody wants to live in anymore.

Meanwhile, wave after wave of shiny new factories is going up in nations such as China, India and Brazil.  This is great for those countries, but for the millions of American workers that desperately needed the jobs that have been sent overseas it is not so great.

This is the legacy of globalism.  Multinational corporations now have the choice whether to hire U.S. workers or to hire workers in countries where it is legal to pay slave labor wages.  The “great sucking sound” that Ross Perot warned us about so long ago is actually happening, and it has left tens of millions of Americans without good jobs.

So what is to become of a nation that consumes more than it ever has and yet continues to produce less and less?

Well, the greatest debt binge in the history of the world has enabled us to maintain (and even increase) our standard of living for several decades, but all of that debt is starting to really catch up with us.

The American people seem to be very confused about what is happening to us because most of them thought that the party was going to last forever.  In fact, most of them still seem convinced that our brightest economic days are still ahead.

After all, every time we have had a “recession” in the past things have always turned around and we have gone on to even greater things, right?

Well, what most Americans simply fail to understand is that we are like a car that is having its insides ripped right out.  Our industrial base is being gutted right in front of our eyes.

Most Americans don’t think much about our “trade deficit”, but it is absolutely central to what is happening to our economy.  Every year, we buy far, far more from the rest of the world than they buy from us.

In 2010, the U.S. trade deficit was just a whisker under $500 billion.  This is money that we could have all spent inside the United States that would have supported thousands of American factories and millions of American jobs.

Instead, we sent all of those hundreds of billions of dollars overseas in exchange for a big pile of stuff that we greedily consumed.  Most of that stuff we probably didn’t need anyway.

Since we spent almost $500 billion more with the rest of the world than they spent with us, at the end of the year the rest of the world was $500 billion wealthier and the American people were collectively $500 billion poorer.

That means that the collective “economic pie” that we are all dividing up is now $500 billion smaller.

Are you starting to understand why times suddenly seem so “hard” in the United States?

Meanwhile, jobs and businesses continue to fly out of the United States at a blinding pace.

This is a national crisis.

We simply cannot expect to continue to have a “great economy” if we allow our economy to be deindustrialized.

A nation that consumes far more than it produces is not going to be wealthy for long.

The following are 21 signs that the once great U.S. economy is being gutted,  neutered, defanged, declawed and deindustrialized….

#1 The U.S. trade deficit with the rest of the world rose to 497.8 billion dollars in 2010.  That represented a 32.8% increase from 2009.

#2 The U.S. trade deficit with China rose to an all-time record of 273.1 billion dollars in 2010.  This is the largest trade deficit that one nation has had with another nation in the history of the world.

#3 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#4 In the years since 1975, the United States had run a total trade deficit of 7.5 trillion dollars with the rest of the world.

#5 The United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#6 In 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent and it continues to fall.

#7 The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

#8 The Bureau of Labor Statistics originally predicted that the U.S. economy would create approximately 22 million jobs during the decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during that time period.

#9 Japan now manufactures about 5 million more automobiles than the United States does.

#10 China has now become the world’s largest exporter of high technology products.

#11 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#12 The United States now has 10 percent fewer “middle class jobs” than it did just ten years ago.

#13 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

#14 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#15 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#16 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#17 Half of all American workers now earn $505 or less per week.

#18 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#19 Since 2001, over 42,000 U.S. factories have closed down for good.

#20 In 2008, 1.2 billion cellphones were sold worldwide.  So how many of them were manufactured inside the United States?  Zero.

#21 Ten years ago, the “employment rate” in the United States was about 64%.  Since then it has been constantly declining and now the “employment rate” in the United States is only about 58%.  So where did all of those jobs go?

The world is changing.

We are bleeding national wealth at a pace that is almost unimaginable.

We are literally being drained dry.

Did you know that China now has the world’s fastest train and the world’s largest high-speed rail network?

They were able to afford those things with all of the money that we have been sending them.

How do you think all of those oil barons in the Middle East became so wealthy and could build such opulent palaces?

They got rich off of all the money that we have been sending them.

Meanwhile, once great U.S. cities such as Detroit, Michigan now look like war zones.

Back in 1985, the U.S. trade deficit with China was about 6 million dollars for the entire year.

As mentioned above, the U.S. trade deficit with China for 2010 was over 273 billion dollars.

What a difference 25 years can make, eh?

What do you find when you go into a Wal-Mart, a Target or a dollar store today?

You find row after row after row of stuff made in China and in other far away countries.

It can be more than a bit difficult to find things that are actually made inside the United States anymore.  In fact, there are quite a few industries that have completely and totally left the United States.  For certain product categories it is now literally impossible to buy something made in America.

So what are we going to do with our tens of millions of blue collar workers?

Should we just tell them that their jobs are not ever coming back so they better learn phrases such as “Welcome to Wal-Mart” and “Would you like fries with that”?

For quite a few years, the gigantic debt bubble that we were living in kind of insulated us from feeling the effects of the deindustrialization of America.

But now the pain is starting to kick in.

It has now become soul-crushingly difficult to find a job in America today.

According to Gallup, the U.S. unemployment rate is currently 10.1% and when you throw in “underemployed” workers that figure rises to 19.6%.

Competition for jobs has become incredibly fierce and it is going to stay that way.

The great U.S. economic machine is being ripped apart and dismantled right in full view of us all.

This is not a “conservative” issue or a “liberal” issue.  This is an American issue.

The United States is rapidly being turned into a “post-industrial” wasteland.

It is time to wake up America.

  • R U Stoopid?

    Globalism is the problem.

    When you get off your ass and read your Constitution, you will realize that our current government is illegal and unconstitutional.

    If the Constitution was adhered to–“we the people”–wouldn’t be in this mess created by the globalist infiltrators.

  • madelaine

    I remember reading with disbelief that America made 15 million pairs of boots to Soviet specifications during World War II. I found that incredible. And 375,000 Dodge trucks, 15,000 planes, 11,000 rail wagons, 7000 tanks, 2000 locomotive engines, all for the Russians. A total of 295,000 planes altogether, in just a few years. America went from 46,000 people making planes to 2 million making planes in just five years!! But it does not seem that America has this industrial basis now. Where did all the industry go?

  • Kevin


    It went to the cheapest labor source that could be secured and we laid out a red carpet to facilitate that. This is not because we could not produce or made too much money. It’s because we opened up our huge market duty free (as the rest of the developed world did) to virtual slave labor nations.

    This globalist policy was not the result of a groundswell of support from these developed nations citizens including our own. Quite to the contrary it was done with arm twisting (Clinton, Congress, NAFTA) and insuring no Presidental candidate was party picked that opposed. Eighty percent of US democratic Senators voted for it, roughly 83% of republicans did too. That is about as much of a choice as the citizens in the former USSR got in their “elections”. It got through the socialist democracies in Europe despite a very strong labor movement too; no doubt in the same fashion by similar means.

    It’s all part of the “Golden Rule”. They who have the gold (wealth) make the rules.

  • Rod

    Perhaps all these delusional religious doomsday types could go post their repent-and-be-saved tired rhetoric in dedicated religious forums as they don’t belong in forums of the real-world like this one.
    The Earth is 4.5 BILLION years old, not a few thousand years as per your religious beliefs. Scientific FACT (and disproof of your beliefs).
    Deal with reality or reality will deal with you, and reality is global economic collapse (depression) for the next 2-3 decades coupled with the collapse of global agriculture, BOTH of which are here right now, not in 5/10/20/30 years away as the politicans would have you believe.
    Your only saviour is yourself. Governments won’t help you – YOU have to do it.
    Like Celente says – you’d have to be a child to think the government is going to help or save you…
    Bring manufacturing back to the USA ? No problem so long as consumers are willing to pay seriously inflated prices compared to Chinese goods, which of course you aren’t, which is why China is kicking the US’s butt.
    The consumer is the problem ! Forget blaming the government or taxing the rich – they’re not the problem, but are just whipping boys.
    Given the state of the US economy that situation is NOT going to reverse. The only source of domestic production increase will be the war machine.

  • mondobeyondo

    Teenagers who graduate from high school, yet can’t even find their home state on a U.S. map?!

    Is this a part of the “master plan” the elite have set up? I can’t believe our youth have been dumbed down to this extent…it does make you wonder.

    “Algebra! Yeah! Umm, is that a fruit or a vegetable?” Good Lord, help us…

  • Bruce C.

    I see only two scenarios playing out. Either we all experience a collective financial suicide (rising interest rates, rising price inflation, etc.) as the politicians squabble about reducing spending by $50 to $100 billion per year, or we all agree to suffer through a self-imposed austerity as government spending is reduced by 10% per year across the board. Every salary, subsidy, department, agency, pension, entitlement, etc. That would imply a reduction of $380 billion this year (10% of the $3.8 trillionbudget.) If we don’t do something like that immediately, the global bond market will crush us through increased interest payments. It will be like having credit card debt on a national scale. This could happen as soon as this spring.

  • mondobeyondo

    @ Madelaine

    Yes, America used to be an industrial powerhouse. We aren’t anymore. Can we do it again? Hell yeah. There just isn’t a big enough threat yet, to get the masses active, just yet. If there is another 9/11, God forbid.. the American people will be “fired up, ready to go!” (C)Barack Obama, 2008.

    For everyone else: okay, getting off track here just a little bit.

    Whether the U.S. won WWII is highly debatable. The Soviet Union bore the brunt of the Allied force. The Eastern Front got hit, and hit hard. The U.S. entered the war on 12/7/41 for the most part unprepared for a global conflict. We rolled up our sleeves and got to work, and got the job done.

    The valiant British held their own, for the longest time, during the Blitz. We came into the conflict a bit late. But without the help of the U.S. and the other Allied forces, you just might be “sprechen Sie Deutsch” right now…

  • Victorian

    I am to the point that I think America is over. No matter how hard one tries to talk to others, it is to no avail. The “average” American only wants to talk about their next purchase{on credit}, where they went to eat, football, what some singer and/or movies actor did/said. Everyone I find that cares at all about politics is stuck in the Democrat/Republican mind frame. “A third party will only help the democrats.” They do not see that the dems/repubs are the same corp. whore machine. Most who are aware have their plates full with their family life. IF Americans were to take to the street like they did in Egypt, it would do no good. The movement would quickly be taken over by corp. interests. I had some friends that had faith in the TEA Party movement, then “freedom work” and the rest lead it into a mainstream Corp. interest direction. Those friends have given up and are back to football and shopping.

  • Victorian

    I just watched a recording of bush from c-span, talking about his book. He spoke of the “America First” movement as being in the 1920s. He attacked nativism and said in the 20s we attacked immigration because we did not want Italians and jews here. If bush and the present president are this dumb about American history, what can you expect from the average working class American. You have corp. controlled statist saing they are for the working class. You have conservative pandering to immigrants and taking up for Corp. interest saying they support capitalism. You have libertarians saying history shows “protectionism” does not work. With everyone so blind and being led by the nose by Corp. what chance do we really have? I hope for an awakening, but I am not sure if it will come. If it does not come we have seen only the start of the decay we will experience. The nations will matter less and less as the CEOs and CFOs of Corp. drive us all off a cliff for their profit growth. It is a shame Americans do not know thast Corp. are the chief enemy of Capitalism.

  • Jack

    It’s so simple to understand why all these jobs are being outsourced. It’s not the companies fault. It’s the government fault. It was George H. W. Bush that started playing with an idea of NAFTA and then Bill Clinton who signed the preferred trading agreement with China without taking into consideration that the wages in Mexico and China were a fraction of what it was in the US. And you cannot compete with these wages. You need a leveled playing field to make the competition fair. And it’s not protectionism when we level the playing field.

  • balayogi

    All countries, be it my great country Bharath or USA have their own strengths as a country and culture with nature’s bounty too, but as a nation they have made lot of mistakes. What is needed is to rectify those mistakes and reorganize your attitudes, priorities, principles, give up unwanted and harmful preoccupations and politics. As the saying goes when everything else fails nature takes course teach us some lessons but in its own language all that we need to do is to pay attention to it and learn our lessons. The last thing that I would want to see is a weakened America or India because both these countries together can reshape the world in coming years provided they reorganize their priorities in governance
    Now this article is about USA. Well what are the mistakes, in brief, committed by USA?
    1] It has spend and continues to spend too much of its energy, excellence, money and man power in meddling in other territories or countries. Probably this was justifiable in an era of super power euphoria but to continue to do that when your citizens are economically struggling is a wrong priority.
    You cannot go beat your neighbor’s son when you own son is crying for food and water .Where must be your priority. In this continued meddling by the rulers of USA has also increased the enemies for all Americans most of whom are peace loving people and this has forced the freedom loving Americans to live in obsessive paranoia from enemies some of whom are open and the rest are hidden. Very few love USA in total. There are those who hate USA completely and those who have ambivalent attitude towards USA and this includes all those who have benefited from the US economy.
    2] Spend more money and ensure a change of attitude among the Americans with the realization that in a globalized economy and development no individual can expect, or at least continue to expect cozy, comfortable, carefree life style without equipping themselves with the necessary tools of enhancement individually by improved education, skill sets and willingness to work hard and earn dividends on par with everyone else globally. Mother earth cannot afford to and shall not continue to entertain only a few of its children as super privileged ones to lazily lap up all luxury at the expense of others through international manipulations or bossy insolence that is why Britain too is suffering .
    3] Most importantly no individual in America is going to gain anything economically by sponsoring or spending for religious conversions in Asian and African countries, it only increases the enemies in these countries for ordinary, well meaning, educated and freedom loving Americans.
    4] Stop pampering, promoting , protecting and funding any individual or nation which is not in any way beneficial to you in terms of reciprocal economic development of American citizens. You see your history and learn from your mistakes. Promoting, propagating any political ism or religion at cost of your own economic interest is absolutely out of fashion and even nonsensical. What USA gained by promoting Saddam, Zia-ul –Haq etc

  • Jan

    The dollar is not going to be worth much soon. Quality food will be scarce. Survival Food is the best way to go now. Just got a food survival kit at

  • Pearl

    Please investigate, Fractional Reserve System; you are going to get a knot in your stomach.

  • surfisup

    If the jobs were so great, and they have merely moved overseas, why not just MOVE there? Where is the exodus? Do you really need a BMW to be happy? What’s wrong with life in china that you are so scared of? MOVE!! GO!!

  • mondobeyondo

    What happened?

    Ask the average dumbed down American “man/woman on the street”, and they’ll reply:

    “I don’t know. Something happened, and then it kept happening, and now it’s still happening. What will happen next? Oh yeah, the Green Bay Packers won the Super Bowl! YEAH!! Go Packers!!”

    We are doomed.

  • mondobeyondo

    It would be nice to see how much Chinese corporations pay their employees for:

    1. Social Security
    2. Medicare
    3. Medicaid
    4. Workmen’s Comp
    5. Unemployment Insurance

    As bad as things are in the U.S. (and it is really rough) – it could be a whole lot worse.

  • Bobg

    I feel that what we are seeing with this economy is a picnic compared to what is coming. Think about this; ACTUAL unemployment is around 20% plus or minus. This means that there is much less tax money coming into the state’s coffers. (Probably not 20% due to some of those unemployed having other sources of income such as stocks, etc.) It was stated on one Internet site that 37 states are near bankrupt. Very soon the states are going to have to raise taxes drastically to avoid bankruptcy and to provide for the citizens that have exhausted all of their resources. The needs of the states for tax revenue is so great that I feel taxes will be raised to the highest levels in our history. These higher taxes will push many of the marginally solvent citizens over the edge and many small businesses out of business. Unemployment will naturally grow and tax revenues will fall even more. There will be many mass protests and riots of the citizens clambering for the state to save them. The problem will be that the states will have little or no tax money to aid the citizens so the protests will grow into anarchy forcing the Federal government to quell the riots with the National Guard and the Army. The possible end result could be a military takeover and a military dictator.

    I hope that I am being totally paranoid and that I am a complete idiot and that this scenario that I have laid out here will never happen. Sadly, I don’t see any other quick solutions to our failing economy. When people start seeing their children starving to death…

  • James

    Hmmm, I wonder who Japan sells their cars to if the U.S. doesn’t have the money to buy them? Anyway, The U.S. is undergoing a, “Reverse Industrial Age.” Where people will soon be forced by economic necessity to return to farming as a way of making a living. Many will move into more rural areas to farm. The Industrial base isn’t there anymore. Maybe the farm communities will be able to generate enough work to allow a few agriculture machine manufacturers to spring up. But, we will never achieve the level of industrialization we had prior to 2008. One thing we should really put an emphasis on, and that is maintaining and developing our medical technology.

  • James

    We really need to get our railway system up and running. I am not talking about bullet trains, just the normal trains we have today but with a lot of emphasis on passenger service. The argument that these trains will only go 35 MPH on average is bunk. Most of them went 74 – 90 MPH back before 1960. Maybe the cargo trains went that fast but who cares. Also, on the long runs, there were sleeping cars available and you could sleep in your seats. Can you get a bed on an airplane?

  • Leah Ben-Liro Patricio

    I dont fully believe that America is goin down to the drain ! There are lots of believers & prayerful people who pray for America & the whole world ! The good Lord always listen to the few faithfuls, thats the story of the Bible! Read Job’s story. He was strip off to the bone, yet he keeps his faith in the Lord & the Lord gave back all he lost & More !!!.What happened is a corrective process & satan & his cohorts are inflaming the situation, because, we, here in America become less respective To our Creator & materialism becomes our priorties & god! The only hope are the brave faithful ones who have no fear, except ,to offend our very generous Creator, in my case the Lord Jesus Christ !He will listen to the prayers to help us here. Jobs went overseas coz of the slave labor there in most countries. We can bring back those jobbs here by lowering the pay for labor here, not in the slave labor way, but good enough to provide our most impt. needs, like shelter, foods, health, etc. But, this has to be coupled with business to lower the costs of rents, to buy a house, utilities education, health costs etc ,( coz they were super inflated with no conscience to help hardworking americans !),Then it will work to bring back jobs here ! This partneship between business & labor is imperative for recovery ! Labor unions should also cooperate not to demand so much while we are on recovery periods. The brave ones focus on the future & solutions , not on the past, except to learn from its mistakes ! Look, we have enjoyed our good expensive lifestyles , not even the glory of Rome had equaled it , except for their perverted leaders ! So why crying over things that we did enjoyed, more than 1 tv & cars in each household, lots of toys & clothes, shoes ! Its bloody stupid ! Fearless brave ones who are faithful to our Creators, who knows how to sacifice & tighten belts when comes to luxuries,work thus bring in taxes to our govt. to do its efficient work , produce foods ( Foods will out perform oil, gold, silver pretty soon ! ) Agriculture & food economics should be a ” must” subject from elemntary to college ! Its not attractive to students coz they look at it as backbreaking, less glamorous & low pay & belong only to the migrants workers ! If we will make it attractive & less backbreaking by inventing tools & robotics to help, working outside in fresh air & sunshine is enjoyable, And other incentive is to make workers as business partners, so they can have profit sharing ! Water is impt. ,but we can use pipeline from alaska to bring water during the melting of snow & place them in resrvoirs! We can dig deep wells a & use wind & solar energy to pump up water ! Our cars should be run in both gas, electric & solar energy, esp. the last 2 ones ! when we become no. 1 world supplier of foods, other countries will be friendlier to us esp. in our safety & business transactions with them, coz their foods to survve come from us esp. China wd over 1 billion population. Abortion should be stop , we need future american workers for this Food Production ! We can even produce Herbal medicines from these foods even energy like gasahol or alcohol Sky is the limit for creative products, even building materials ! The retirees can go back to work in a lighter physical work, like in office & computers in filing records, getting orders & collection of revenues from different industries all over the world ! They can work in their homes, including mothers who stay home to take care small kids in a part time basis ! Lets do it now & our worries will be over sooner, instead of complaining. Private & public industries, schools should lead the work , I pray ! Love u all ! Leah

  • James

    REMEMBER – What the ‘so-called’ Anti-American countries and terror groups said (after the 911 attack), that they will DESTROY America – “without having to fire one single shot”! Seems that OUR politicians are more-then-willing to help them in this process. Want to keep jobs in America… TAX THE HELL out of companies that employ overseas.

  • impeachRonPaul

    This was a bad time for tax cuts to the rich. Republicans just dont care about us. They only care about corporations.

  • ernestt

    It was in 1985 when I first heard on a radio program how an American can have an idea, borrow capital from London, produce an article in Singapore cheaply, and sell in to the US for a tidy profit. He out lined how it is possible to buy cheap cotton, have it made into textile in China, ship the textile into one of the Caribean islands where native workers would sew newborn lay outs clothes for pennies and brands such are Carters would sell them for over a dollar to new mothers in the US. The justification was by providing opportunities for labor in developing countries we were raising their standard of living and we Americans could keep our standard of living with cheap labor intensive products produced elsewhere. The end result was discussed then was rather a dire picture: when all the manufacturing was sent overseas, how would Americans be able to afford the cheap products when our own labor costs are high? That is the real quandry that was raised back then: would Americans stoop to the relatively low levels of wages that are earned overseas? The answer today is: Of course not!!! It is interesting to note: in many of those developing countries such as India and China, an engineer in software or electronics, gets a wage or salary that would place them is a mid or high middle class in their society but would be woefully unacceptable in America. I remember reading in one of the past weekly newsmagazines, how many of the young new Indian or Chinese engineers or scientists are enjoying middle class status at a fraction of the costs of one of our own high salary cost software engineers in our own country. Will any one of our American born American educated engineers be willing to work for that payscale in our own country? With talent that is mobile thanks to the real time communiccations, where should corporations that are multinational seek that needed talent? Should they not go to the lowest possible costs from the best talented individuals in order to keep labor costs down, maximize profits, and maintain fiduciary duty to their stockholders? When other countries don’t have the burdens of a lot of social benefits that add to the cost of production of a product, how can our American labor compete with all the added burdens to its labor costs with the addition of the health care burdens in addition to the family leave benefits, etc benefits. Even now, companies have to discriminate against new hires in certain key industries with the available benefits to maintain profitability in a competitive market in the US. For these newer job openings, there are thousands of applicants for those jobs that pays a fraction of the older workers wages and benefits. Those who are lucky to get one of those positions are grateful and consider themselves very fortunate to get those positions even though there is a significant wage gap. So, that is in a nutshell, back in the start of the 80’s we started to get the wave of multinational jobs going overseas seeking the lowest labor costs.

  • solarjdp

    Free Trade = Enslave

    NAFTA = North American Freedom Taken Away

    FTAA = Freedom Taken Away again

    GATT = Grab American Trade and Truss us up

    Ross Perot was right! The corporations sucked up our jobs and moved them to China, India, etc…

    There is something wrong when I need to buy an item and I can’t find on that’s made on this continent.

    Free trade is a worthy GOAL, but it is impossible for our nation with higher labor and other costs to compete against the developing nations. My feeling is that “free trade” should have been and still should be phased in over a period of time, say 20 years to allow for the countries to all balance out. Ours standard of living will need to adjust down some, and others will rise so that then each country could be able to compete if necessary with each other.

    Tariffs should be brought back and adjusted each year until the phase in period is over. I see no other way to generate enough jobs here in our economy without these type of protections. These same protections would protect others like Mexico. Remember the unrest in southern Mexico a few years back? This was due to American agricultural products being cheaper than the Mexican farmers could produce, which ran them out of business. naturally they revolted and so goes what happened there, but its ok, anything to help those with power and influence, to heck with workers anywhere.

    We can all do something about this in small ways.

    1. Phone centers – refuse to speak to obvious off shore workers. Ask to speak to someone on this continent (I mean United States, Canada and Mexico, they are our neighbors.)

    2. Make the time to email or call companies and
    tell them you will not use their products since they are made overseas, demand that they at least assemble them here.

    3. Perform internet searches for American made items and searches and frequent sites like and to find sources for goods and services.

    Some companies have actually responded to feedback from their customers and HAVE brought back their phone centers to America.

    Each of us that does some small steps along this line does have an affect and multiplied over the entire nation, can have a profound influence.

    Hang in there!

  • Lynnybee

    ……. and, who allowed this destructive policy ? WALL ST. wanted the cheap labor & our government allowed it.

  • Fletch

    Nothing makes me happier than watching America and it’s citizens cry and squabble over reforms that should have been introduced at the inception of the country.



  • Mikey

    A suggestion, is that,all that can should watch couple of previously ignored “prophetic”
    movies, “Soylent Green” Charlton Heston,the dead are being turned into green biscuits, to feed the starving multitude.So that’s what, guillotines and those F**A “internment” camps
    are, processing plants. And on a lighter note,
    “Americathon” circa,1979 John.Ritter, Meat Loaf ( jees,how ironic is that, Meatloaf,really,no pun intended,)Also, some food for thought(sorry) and on a side note, was that T.V.reporter during the live feed at the Grammy`s, talking in `Tongues`. This was the second time in a month, that a live on air reporter started garbling their words.

  • Dwayne

    I hear that the NYSE is being bought by
    the Germans.

  • Rick Saffery

    The root our problem may be found in the federal reserve. This is a private central banker cartel. The US Congress abdicated its constitutional duty to maintain a currency based on gold and silver. Ever since 1913 our currency has slid in value. Had it maintained value, there would have been far less incentive to ship factories overseas. Productivity gains would have find us all working 1 eight hour per week to have a standard of living equivalent to a person working 45 hours a week back in the 1950s.

    Stop blaming Wallstreet for doing its job of maximizing return. Had it not been for those folks hustling all along we’d be in the tank much sooner.

    To be candid, deindustrialization hasn’t hurt as much as human inertia has. Most of those blue collar workers are just too damned lazy to change careers. There’s plenty of demand in the high tech and medical fields. Mr.I drive screws in to a dashboard could have sacked up and learned how to become a Registered Nurse. Lazy begets lazy. Beyond the lazy, former factory workers, come our hidebound government bureaucracy. Years of socialist experimentation in government run schools has turned generations in to human automatons. Our own government and its capricious and arbitrary rules are the nails in the coffin that the lazy workers built.

    The solution?
    1. End the Federal Reserve
    2. Shrink government, then shrink it again
    3. Stop being so damned lazy!

  • Tom


  • shannon

    Rick Saffery: You are wrong. There is not “plenty of demand” in the medical field. Many new graduate RN’s are not able to find work.
    Also laboratory jobs are hard to come by. I graduated in 2010 with a degree in Medical Technology, I passed the certification exam and am licensed; the best I was able to come up with is a job with inconsistent hours working 0-2 days a week with no benefits. Oh yeah and it’s about an hour commute each way, over a toll bridge that costs 3 dollars to drive over.

    So… stop just making stuff up, if you don’t know what you’re talking about. It pretty much doesn’t matter what kind of skills you have at this point; it’s hard to find a job regardless.

  • Phil MaCrakin

    All I hear is Why ? Why ? Why ?

    I’ll tell you why, it’s real simple – (insert drum roll here)………… For The Love Of Money.

  • michael roberts

    Rick Saffery wrote “Stop blaming Wallstreet for doing its job of maximizing return. Had it not been for those folks hustling all along we’d be in the tank much sooner.”
    When I consider the fact that these parasites are hustling billions of dollars of american worker’s pension money into their own bank accounts and giving themselves billions more in taxpayer funded bonuses , I have to wonder if Mr Saffery is either (a)delusional (b) A brain dead wing nut tea party robot or (c) One of the parasitic elite who are actually making nothing, contributing nothing tangible to the economy but nevertheless getting rich at the expense of everyone else!

  • http://x LucdeLuc

    The United States is being raped from within.

  • marvin nubwaxer

    Imagine the human crisis coming wen we have a permanent class of jobless people. Or at least nearly a generation that our society will have to support or allow them to starve in the streets. Think about the possible mental health crisis and cost to society when a large number of people ready, willing, and able to work are hopelessly sidelined. Are we headed toward class warfare (and I mean the rich against the poor driving the standard of living ever downward while they become fabulously wealthy) I can almost predict civil war, without the armed conflict, as right and left battle to the death in an endless deadlock while we keep on declining in the world.

  • Pingback: GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace | Economy In Crisis()


    In what year and who was president when we starting shipping our factories overseas?

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