The Beginning Of The End
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How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Have Been Lost Every Month Since 2001

Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall.  Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.  The U.S. government is going to run an all-time record deficit of about 1.65 trillion dollars this year and average household debt in the United States has now reached a level of 136% of average household income.  But borrowing endless amounts of money and consuming massive amounts of wealth with that borrowed money is a road that leads to economic oblivion.  The only way to have a healthy economy in the long run is to create wealth.  But how can America create wealth if our industrial base is being absolutely destroyed?  According to Forbes, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.  Hundreds of formerly thriving industries in the United States are being totally wiped out.  China uses every trick in the book to win trade battles.  They deeply subsidize their domestic industries, they openly steal technology, they blatantly manipulate currency rates and they allow their citizens to be paid slave labor wages.  So yes, the products coming from China are cheaper, but in the process tens of thousands of factories in the U.S. are shutting down, millions of jobs are being lost and the ability of America to create wealth is being compromised.

In 2010, the U.S. trade deficit was just a whisker under $500 billion.  Much of that trade deficit was with China.

During 2010, we spent $365 billion on goods from China while they only spent $92 billion on goods from us.

Does a 4 to 1 ratio sound like a "fair and balanced" trade relationship to anyone out there?

Our trade deficit with China in 2010 was the largest trade deficit that one country has ever had with another country in the history of the world.

In fact, the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

Needless to say, that is not a good trend.

Our industrial base and our ability to create wealth is being wiped out so rapidly that it has now become a very serious threat to our national security.

According to Forbes, there is only one steel plant inside the United States that is still capable of producing steel of high enough quality to meet the needs of the U.S. military, and even that plant has been bought by a European company.

Meanwhile, China produced 11 times as much steel as America did last year.

Not only that, China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

How in the world did we let that happen?

So what happens if we have a conflict with China someday?

But of more immediate concern is the loss of jobs that the destruction of our industrial base is causing.

For example, the Ivex Packaging Paper plant in Joliet, Illinois just announced that it is shutting down for good after 97 years in business.  79 good jobs will be lost.  Meanwhile, China has become the number one producer of paper products in the entire world.

But China is not just wiping the floor with us when it comes to things like steel and paper.

The truth is that China has now become the world's largest exporter of high technology products.  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.

So how is China doing it?  Well, as noted above, they are pulling every trick that they can think of.

Most Americans think that we have "free trade" with nations such as China.  That is a complete and total lie and anyone that believes that we have "free trade" with China does not know what they are talking about.

China subsidizes their domestic industries to such an extreme extent that many global industries no longer even come close to resembling "free markets" as a recent story in Forbes noted....

According to a story in the January 20, 2009 New York Times, government subsidies so thoroughly disrupted pricing in the global market for antibiotics that many western producers had to either move facilities to Asia or exit the business entirely. The reason this might matter to intelligence analysts is that the last U.S. source of key ingredients for antibiotics — a Bristol-Myers Squibb plant in East Syracuse, New York — has now closed, leaving the U.S. dependent on foreign sources in a future conflict.

Our politicians and our business leaders have pursued economic policies that are so self-destructive that it defies explanation.

How in the world could anyone be so stupid?

Since 2001, over 42,000 U.S. factories have closed down for good.  Millions of jobs have been lost.  The ability of the once great American economic machine to create wealth has been neutered.

The business environment in America is completely and totally pathetic at this point.  The number of small businesses that are being created is also way, way down.

According to the U.S. Census Bureau, only 403,765 small businesses were created in the 12 months that ended in March 2009.  That was down 17.3% from the previous year, and it was the smallest number of small businesses created since records began being kept in 1977.

The truth is that the U.S. economy is dying.

We continue to consume about the same amount of wealth that we always have, but our net worth is declining.

According to the Federal Reserve, more than two-thirds of Americans have seen their net worth decline during this economic downturn.  In fact, the Fed says that between 2007 and 2009, the wealth of the average American family declined by 23%.

So if it seems like your family and everyone around you is getting poorer, that is because it really is happening.

We really are becoming poorer as a nation.

We can see evidence of this all around us.  Just consider a few of the examples that have been in the news in recent days....

*One school district in the Chicago area is laying off 363 teachers.

*The U.S. Postal Service is offering $20,000 buyouts to thousands of workers as they attempt to slash 7,500 good paying jobs.

*The city of Detroit, once a shining example of middle class America, is now a rotting cesspool of economic decline and it saw its population decline by 25 percent over the decade that recently ended.

Americans are not feeling the full impact of America's industrial decline yet because we have been filling the gap in wealth creation with massive amounts of debt.

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.  That 7.5 trillion dollars could have gone to support U.S. businesses and U.S. workers, but instead it left the country and went into the hands of foreigners that do not pay taxes.

Therefore, the U.S. government, state governments and our local governments have had to borrow massive amounts of money to make up the difference.

Most people do not realize it, but the destruction of America's industrial base has played a very significant role in the government debt crisis we are facing today.

In addition, the millions upon millions of workers that have lost their jobs as America's industrial base has been destroyed are now a drain on the system.  Instead of creating wealth and being involved in economically productive activity, millions of American workers are now totally dependent on the U.S. government for survival.

Do you think that it is just some sort of accident that we have 44 million Americans on food stamps?

Don't you think that a large percentage of those people would actually like to have good jobs that would enable them to sufficiently feed their families?

If we continue on the path that we are currently on we are not going to have much of an economy left.

Not that all trade is bad.  Certainly not.  For example, trade with Canada is generally a very good thing.

However, the horribly unbalanced and unfair trade relationships that we have with nations such as China are ripping our industrial base apart.  Our politicians have not been telling us the truth about what the "global economy" will mean for American workers.  Most U.S. workers never realized that globalism would mean that they would be competing for jobs with workers willing to work for one-tenth the pay on the other side of the globe.

Those people that believe that we can indefinitely maintain an economy where we consume far more wealth than we create are completely and totally delusional.

Until the American people wake up and start demanding change from our politicians on these issues, 50,000 (or more) manufacturing jobs will continue to fly out the doors every single month and even more Americans will become dependent on government welfare.

Is that what you want?

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  • impeachRonPaul

    The republicans added one trillion to the debt by giving tax breaks to millionaires. They do not care about jobs. They only care about the corporations they represent. Not people.

  • http://www.planorperish.com/ Gutter Economist

    From Senator Orrin Hatch,

    This week the President released his budget that spends, borrows and taxes too much. It was sadly a missed opportunity to free our children and grandchildren from a mountain of spending-fueled debt. It’s time to dramatically cut spending to get our fiscal house in order, which is why I continue to fight for balanced budget amendment to force Congress to live within it’s means.

    Reply to Senator Orrin Hatch,

    With all due respect, a balanced budget amendment sounds like a great idea but Americans do not need more laws – they need more leadership! I am sure that you are aware of the many ways that our constitution has been violated. If congress is not honoring our existing constitution, why would it do any good to amend it?

    The first thing that congress needs to do is start supporting industries that create wealth (agriculture, energy, manufacturing, and mining). At the present time, congress is doing everything they possibly can to destroy these industries or drive them out of the USA. In addition, congress remains silent while foreign nations take over our remaining farms, factories, and natural resources. With foreign ownership, where do you think that the profits from these industries end up?

    After the above industries start creating wealth and jobs again in the USA, tax revenue will increase and the need for deficit spending will decrease. After Americans are back to work, the cost and size of government could and should be reduced. Dramatic spending cuts at this time would cause a dramatic increase in unemployment.

  • James

    .
    .
    To hear media flacks soft-selling the reality of out situation here in the U.S. is truly despicable. Most all of this simply couldn’t have happened without media complicity.

    It has been said before but given the general level of sheer somnambulance it appears that things will have to get a lot worse before some momentum can be generated for some fundamental change for the better.

    The government/corporate nexus must be taken apart, that’s for sure.

  • Patriot Alice

    I just can’t believe that more of the same (Print, Borrow, and Spend) in greater quantities is the real solution. Maybe our political Parties need to come together as one and focus only on repairing our fiscal mess. Cutting, consolidating, eliminating some services, seems to be the only way to go in order to bring some sanity back…..

  • http://ciaoant1.blogspot.com ciaoant1

    Austerity In Perspective (hilarious video):
    http://www.youtube.com/watch?v=_LgDjHOX_UE

  • tekroanin

    I hope you realize the economic collapse of america is intentional… it’s all planned out —
    you do realize that right Debt Slave???

    Yes YOU Debt Slave!!!

    If you want to do something about it… buy silver NOW! Arm up (buy a decent gun w/ a good supply of ammo) and Stock up on Food! And Fresh water!

    It’s only a matter of time now – when they’re gonna completely default on the dollar and then YOUR FCK”D!

    Your money is going to be worth less than toilet paper!

    Get It????

    I hope you do…

  • The Beast

    In an open system, everything with an extreme disparity will move to an equilibrium. This is what will happen when “Free Trade” is established.

  • http://lnx-bsp.net/ Tel

    … only one steel plant inside the United States that is still capable of producing steel of high enough quality to meet the needs of the U.S. military …

    I’m sure that BHP would be overjoyed to sell the US military any steel they want, but I rather suspect that Germany and Japan would be pushing to get in first. Of course, soon BHP will not be able to burn any carbon, and that’s going to be a bit of a sticking point with the steel production.

    I am sure that you are aware of the many ways that our constitution has been violated. If congress is not honoring our existing constitution, why would it do any good to amend it?

    Just locking down the debt ceiling is every bit as effective as a balanced budget amendment and a lot easier to implement. Wait for the next debt ceiling raise and vote no.

    Trouble is, we know the US economy is tanking. The Democrats are looking around for a scapegoat to try and convince party faithful that their policies would have worked if it wasn’t for those terrible Tea Party guys with their tight fiscal policies. The tighter the Tea Party decide to get, the more the Democrats will frame the failure narrative.

    You must admit though, that a period of hardship will do Americans a lot of good. You guys are at your best when you face real problems, all these decades of easy living have made you complacent.

  • Nexus

    This is an epic collapse. To individuals it is slow motion decline, or perhaps not a decline as they still have a job and income. But put in the context of national statistics and trends it is almost terminal as all the negative trends converge. These multiple issues build upon each other and will tend to compound problems rapidly.

    Are we perhaps witnessing the de-industrialisation of an advanced economy. If this is a war not fought with bombs and guns but via commerce and supply chains the Chinese have been very shrewd and are on the verge of wining.

  • Kevin

    Both parties are up to their neck in guilt regarding US industrial evisceration. Eighty five percent of US Senate Republicans and eighty percent of US Senate Democrats voted for China Free Trade and a Democratic President signed it into law; not that a Republican President would do anything different. So much for the Democrats being the friend of the “working man”. The reality is the “working man” has no friends.

  • William

    How interesting that the destruction of America can be traced to the beginning of the Shrub Bush presidency…….

  • http://personalmedicalinsurance4u.com Personal Medical Insurance

    Democrat or Republican, it doesn’t matter. The politicians have figured out that they can by votes, therefore privelages by “giving” us national programs. We are now doomed. I really see no way out of it other than a complete meltdown and then starting all over again from scratch but that will probably take a few hundred years.

    This Ponzi scheme is starting to come unraveled!

  • David

    Gentlemen, gentlemen! There were all planned to destroy America and those corrupted govt, politicians and corporations . . . have succeeded. It is time for the American people to take the country back and bring a real constitution back to the people and restore the country before it is too late!

  • http://TheEconomicCollapse Dave

    “How in the world could anyone be so stupid?”

    For a long time I thought it was just innate stupidity, but no one can be that stupid, especially if they are smart enough to win elections. I used to think it was stupid to believe in conspiracies, but it is the only explanation that makes sense. There is a plan to destroy this nation, so “they” have a free hand in the world, without American interference.

  • eduardo

    Welcome to the New World Order, everyone…!

    Oh, it’s a wonderful place, alright, where you won’t have to worry about your grand children not having jobs—there’ll be PLENTY of work for the pretty-looking ones in the sex trade industry catering to the visiting Chinese (remember, the boys FAR outnumber the girls in China now, thanks to their one-child-per-family policy—these boys are BOUND to be “frisky”!)…the unattractive plain-Janes can work as chamber maids in the service industry for the legions of our visiting Chinese friends…

    If worse comes to worst, heck, there’ll be a slow boat off to Choina every day, I’m sure, with work available in the rice paddies & sweat shops! (what nouveau-riche Chinese person wants to dirty his hands doing manual labor…?!).

    A great scenario, is it not…? Sounds like some bad, stupid nightmare—but isn’t that exactly what’s become of the “American Dream”, thanks to de-regulation & the just-plain-down-and-dirty greed of our political leaders & so-called “captains of industry”…?

    We reap what we sow—and the harvesting is only just now getting underway.

  • http://theeconomiccollapse chazmd38

    i am sorry but we do not need leadership, we need representation!!!

  • http://theeconomiccollapse chazmd38

    The US Congress has sold the American people down the river. They have in the past years allowed corporations to move our jobs and factories to foreign countries operated by communists. This in my opinion TREASON. Giving aid and comfort to the enemy is the definition of treason. Are we not fighting communism anymore? Would not their votes then to send these jobs and factories there be proof enough? Remember NAFTA? Remember G.H.W.Bushs most favored nation treaty with China. Did congress just pass the trillions in bailouts to the world’s largest banks? QE2? We the People paid for that. And most of that money goes to foreigners. And we will pay it. We put too much of the blame on the presidents figure head. It all lies at the feet of Congress. It is they who pass every budget, every president’s budget, every bank bailout, and every law that allows the corporations to move our work to communist slave workers. Remember it was Congress who passed the unconstitutional FED Act, the unconstitutional Income Tax Act, and on and on. I would like to know from these men in Congress at what price did they sell us? $100,000, $1,000,000? What was your price? What did you get in return for your vote? Was it worth the price we the People will pay? Was it not enough to slap us in the face when you voted for these treaties? And now you have allowed inflation to devalue my dollar to nothing more than a green piece of paper.
    What can we do? A lot. Let us elect a sheriff to our counties and parishes who have the backbone and the will to defend the American people and the US constitution. Let us form Grand Juries (yes we can do this) to gather evidence against these treasonous congressmen and put them on trial by a jury of their peers and convict them. Let our sheriff arrest them on the charge of treason as soon as they set foot in our counties and parishes. Their voting record in congress should be enough to do this easily. Then once this traitorous bunch is rotting in jail we can elect Patriots who believe in liberty to represent us once again.
    To stop these undeclared wars.
    To put an end to the FED and coin our own money.
    To end the Income Tax Act.
    To stop the ever increasing flow of jobs to communist countries.
    To just follow the simple guideline known as the CONSTITUTION of The United States.
    Enough.
    please copy this and paste it anywhere you please, you have my permission.

  • http://jack113.net/kochfamily.html Jack E.

    American corporations have done nothing to create jobs even though their profits continue to become more bloated.

    The American political leaders have taken on the scam of empire through endless war and fascism. Our leaders starting with Reagan set us on a path of destruction we will not recover from as long as we allow our corporate government to prevail.
    America is headed toward a third world burnout like a train out of control and their is nobody left to bring it under control.
    America is failing so fast even the corporate Media can’t keep up with the treason.

    The end will come to all this madness but it’s going to be very painful for the public that has sat back and allowed it to happen.

  • handog

    There will be no demand for change in the US. We have a generation of (soccer) mammas boys, degree in hand and a sense of entitlements. They won’t march in the streets as in Europe and the Middle East when they realize there is no cushy job waiting for them after graduation. Their higher education tells them to wait till the next election. They can vote for Hope and Change.

    Make no mistake. The pussification of America is upon us!

  • Lazy Ike

    We have the largest consuming economy in the world. The USA should tap this economy to spark the recovery by imposing tariffs based on regulatory charges and the relative cost of labor in each country. Across the board tariffs discriminate against efficient industries. This policy would allow free trade with the western industrialized nations and Japan but would cut Asia and the subcontient out of the loop.

  • Poopy Pants

    Sadly, the collapse of America cannot be stopped, it’s too late. The gargantuan house of cards built of dept is ready to suddenly collapse with the sound of a thousand freight trains. Our industry is gone, the artificially inflated housing industry was the only thing holding us up, and now that’s kaput. There’s nothing left but more dept which is being piled on at unprecedented speed. The Federal Gov, every state, county, city, municipality is drowning in dept and sinking deeper. We’re finished, but the masses still watch Dancing with the Stars as if nothing else matters. Good luck people, you’re going to need it.

  • dandiar

    All hail New World Order…

  • DownWithLibs

    Well, quite simply, we are doomed! We now get to pay the price for selling our souls all over the place for profit.

    @ impeachRonPaul:

    Since even you know that we need corporations and such to have jobs, I will only give you a D- for your effort on that joke line! (If you want people to believe that you believe what you are saying, you need to work harder than that. Might I suggest Troll School?)

  • James

    If you grow hemp on an industrial scale using undeployed labour, you could generate fuel and food locally to take the strain off fuel and food prices by bringing in a home grown alternative.

    This is looking more and more like an extinction level collapse every day. We are just tool making apes and have made too many tools and can no longer maintain them. If we get smart and rebuild a partnership with Hemp then we might get out of trouble.

  • William

    To all you GW Bush voters……man up and admit that the collapse began with the Shrubber in 2001. Not very funny, is it??

  • Imaplaneiac

    The webmaster of this site often exhorts his readers to contact our politicians – alleged public servants – in the District of Corruption / Criminals to ” demand change “,etc. I want to share my experiences with the staff of my senior US Senator, Saxby Chambliss,(R)Georgia, with my fellow bloggers. Since shortly after 9/11, I’ve attempted to arrange a personal meeting with him; to discuss my concerns. I’m still WAITING for his apparently incompetent staff to arrange my meeting – nearly ten(10) years beyond 9/11! Apparently, my senator is just too busy to meet with this 22 Year Veteran of Air Force active duty service to meet with me!? Furthermore, his staff has accomplished NOTHING to resolve two(2) injustices that the Federal Government caused me! They only gave me excuses; thus defending the federal government … and not me! In fact, when I took the time to drive to my senator’s local office, in Macon, GA., his staff member told me that they’re overburdened … and understaffed! Even after taking the time and bearing the expense of driving to my senator’s local office, his staff have failed to accomplish ANYTHING for me! Can you say:” Taxation without representation” – I knew you could?!

    I hope I’ll have Tea Party candidates here in Georgia to vote for in future elections!

    I wonder if fellow bloggers have been ” snubbed” by their alleged ” representative(s)”?

  • Conservative Constitutionalist

    We have become a nation of pathetic pig ignorant fools. We have been sold out to the global corporatocracy.

  • http://treadfreepress@gmail.com treadfreepress

    What have we gained exactly from free trade and globalism? Nothing for the average American, but corporate profits are through the roof. Oh those corporations create jobs you say? Yeah well they have created millions of them….in CHINA.

  • carly

    Our politicians are bought and paid for. We know it (even our complicit media cannot keep the truth from us forever), and we don’t seem to care. If we just keep accepting the situation as it is, maybe we are not worth saving.

  • Kelly D

    It isn’t Republicans or Democrats or Bush to blame. This has been happening since the 1980s. It’s a combination of high taxes, regulations, the cheapness of moving production overseas. After 30 years, my husbands company has had to close down because they kept production in the United States while the competition moved production to China and can offer way cheaper products than his company can. If we had continue to support American based companies (as in products made here, not just stationed here), perhaps this wouldn’t have happened. Maybe if we had kept control over politicians, and not allowed them to continue ruining this country, this may not have continued to happen. My husband is looking for another manufacturing job but because there are now so few, it’s becoming more and more difficult to survive. Quiet frankly, I’m tired of it. But until others come together and quit arguing over “it’s the republicans”, “it’s the democrats” and vote these life long politicians out of office, nothing will ever get fixed.

  • Spent

    My theory is a simple one: our nation is leading other nations down the garden path of consumerism – there are a few extremely wealthy individuals who benefiting while we experience a massive middle class erosion, through tax favoritism(mortgage intrest write-off ) and social releif schemes our anger is kept in chek. This is necessary though because if the true state of our financial position were revealed we would lose first . All countries have adopted this stanz especailly china and india due to thier burgeoning middle class . Really we have to just sit tite till the domioes eventually fall could be a couple of years- they are very good at controlling this game.

  • sharonsj

    Gutter Economist says, “The first thing that congress needs to do is start supporting industries that create wealth (agriculture, energy, manufacturing, and mining).”

    I don’t know where you’ve been the last few decades, but the government has given these corporate whores fabulous tax breaks and cash rewards. Giant farms are paid handsomely not go grow stuff. GE made billions but paid no taxes last year, and neither did ExxonMobil. The large mining companies are never held accountable for breaking laws and killing miners. Gas and oil drilling companies pay the gov’t a lousy 5% royalty for the privilege of taking our oil and gas and selling it to non-Americans. As for manufacturing, companies that outsource get tax credits.

    The Republicans scream about the deficit–but they’d cut food stamps and heating aid to the poor and elderly first before they’d ever ask the corporations for tax money.

  • http://www.danielrevelationbiblestudies.com Robert Stout

    Very informative and accurate article!!! Some people who are awake and asking questions are saying, What Happens Next? Please read carefully and very thoroughly so you can get a good grasp of the near future for the US and the world. The following is a brief summary of coming events that will affect the entire planet. The book of Revelation predicts three global earthquakes. These earthquakes will increase in severity as they occur. They will sever bridges, break down hydroelectric dams, tear train tracks apart, collapse freeway overpasses, and kill many people. Obviously, thousands of building will collapse. The world’s economy will implode. Communication, travel, and manufacturing infrastructures will come to a screeching halt. Prior to 1994, Scientists claimed that a global earthquake was physically impossible.This theory has been scattered. An earthquake shook the whole world in December 2004 and approximately 230,000 died in southern Asia as a result of the tsunami that followed. Folks, these things this writer of this article has so accurately explained is coming to pass because we as a nation and the world have turned their back on God Almighty. Greed has taken its sway, and the point of no return has come, and now the consequences and judgement of God will be next!!! We are on the brink of a ONE WORLD ORDER, and most of a person’s constitutional rights have been completely stripped away!!! Wake up and get prepared for the very near future!!!

  • Peeka

    This is a test to see what the formatting is like.

    To fix the employment problem, we really need to know the reasons why we have an employment problem and employment is really so important.
    First, we ourselves caused the employment problem because this is what we all wish for:

    - The objective of business is to produce a profit for its owners and shareholders.
    - Workers want the highest wages they can get.
    - Consumers want the lowest price for the goods they buy.

    Guess what? We all got what we wanted by out sourcing our jobs.
    There are two reasons why jobs are so important:

    - Workers pay taxes which keep the country's infrastructure working; roads, schools, police, fire, etc.
    - Workers spend their pay locally which means the tax base is even larger; money will pass through the hands of at least 5 local people before leaving a vibrant community. Assuming a flat 20% tax rate, $68 will be collected from each $100 that a company employee earns.

  • Peeka

    To fix the employment problem, we really need to know the reasons why we have an employment problem and employment is really so important.
    First, we ourselves caused the employment problem because this is what we all wish for:

    - The objective of business is to produce a profit for its owners and shareholders.
    - Workers want the highest wages they can get.
    - Consumers want the lowest price for the goods they buy.

    Guess what? We all got what we wanted by out sourcing our jobs. Now the stock market for businesses are booming even though the American economy is depressed. Is this what we want? Is this what the businesses really want? Why are jobs so important?

    There are two reasons why jobs are so important:

    - Workers pay taxes which keep the country's infrastructure working; roads, schools, police, fire, etc.
    - Workers spend their pay locally which means the tax base is even larger; money will pass through the hands of at least 5 local people before leaving a vibrant community. Assuming a flat 20% tax rate, $68 will be collected from each $100 that a large company employee earns.

    The rich and well-to-do do not really fit into this tax equation because they do not spend their money locally; how many CEO’s chauffeured limos do you see in a Walmart parking lot? Does Walmart sell yachts, 6 figure jewelry, etc?

    Increasing the tax base is why there is a push to get small businesses up and running. This won’t work if these new businesses out source their jobs.

    The solution is threefold:

    - Businesses bring back jobs into the US and they and their shareholders must be willing to have lower profits.
    - The workers have to accept a lower wage and reduced benefits. Also bonuses need to be given only if the US job situation is improved by the changes that are made. Increasing profit at the expense of American workers is a no-no.
    - American consumers have to concentrate on buying American made goods.

    The concern that “Buying American” will affect foreign relations is not as big a problem as one might think. Right now, most foreign made goods are destined for the American middle class market. The problem is that the American middle class do not have the jobs that will allow them to continue buying these foreign made goods. It is better if the foreign countries sold those goods to their own people at a price that their people can afford rather than attempting to sell in depressed American market. Once the American middle class is working again, then conditions will change for the better globally.

    Business, workers, and consumers all have to understand that they are interrelated and what one does at the expense of the other can have detrimental effects on the entire system and a balance is needed for all decisions and actions. All it takes is uncontrolled greedy unscrupulous persons to cause a balanced system to fail.

  • Renee

    What happens when we run out of rich people?
    Who will pay the unemployed, medicare, disabled, social security, food stamps…etc?
    With no middleclass who will support us? China! LOL! They will have won the war withour a fight while us in the United States of the Banana Republic Unions will still be fighting to keep there benefits and us in the silent majority will be wondering what the hell happened!

  • Arthur Post

    To All, there is a book out “The Fair Tax” cost about $15.00. It will tell you how to bring about the return of billions, if not trillions of money in off shore accounts, plus manufacturing plants,jobs, and make this country competitive with other countries that are stealing our place in the world market.It will make the USA the tax haven of the world. It will cost about the same for goods and services, but everyone will pay a fair share, and people will not be able to avoid,or cheat the government. The rich will pay more for their luxuries and high end toys. The I.R.S. will be gone and April 15th will be another spring day. No tax on the resale of your car or your house. Your pay check will be without FICA, witholding tax, eliminates Medicare witholding. People will be able to save more and buy that home sooner that they can afford. Please don’t listen to the “Nay Sayers” Read the book. Read the book.

  • PaulF

    One definition of “totally delusional”: Keynesian economics. The economic school that our current government & financial “leaders” and those of other western nations subscribe to, that is.

    “Free trade” is a modern ideology – in the negative sense of the word. A dogma that can’t be questioned without invoking the outraged ire of virtually everyone including normally intelligent people. When you have “free trade” between completely disparate cultures you risk exporting the very means of production from one society to the other, eventually resulting in the destruction of one. That’s exactly the situation we are in now.

  • Rick Moss

    Many of us have known that America has a one way ticket to nowhere. We have to do more than sitting around crying about it. Do something about it. Join your countrymen.

    “THE REVOLUTION HAS STARTED”

    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    “Spread the News”

  • Rick Moss

    @Robert Stout

    I find your comment to be sincere but woefully ignorant. Your almighty god is punishing us because of greed. Most people in this country and the world are poor. So your god’s answer is to punish us all. Sir, look for another answer…

  • Gary2

    America can create wealth by taxing the rich hard and spreading the wealth it already has. This will put $ in every ones pocket which will stimulate demand when they spend it.

  • Lennie Pike

    impeachRonPaul,

    Add Democrats, and probably even Bernie Sanders to your statement and I will take back what I said about you.

    I will apologize now though for what I said – it was just way too mean. Sorry.

  • Lennie Pike

    chazmd38,

    Good Answer. Good Answer. I like the way you think. I’m gonna be watchin you.

  • Big Red

    Demand all you want people. The psychos that run planet earth have never listened to demands from the Hoi Polloi.

  • Peter

    You are all acting like this is the “latest” – as an old man – we NEVER recovered from the 1980s rust belt collapse, the 1987 stock market crash, the savings and loan fiasco, the 2000 “dot com bust”, nor the 2008/09 housing bust. This has been going on for 30 years.

    ONe big reason biz is moving out fast is the EPA and the green nazi’s – and their draconian decrees. One cannot simply stand and say that the EPA or some other government body’s rules are driving them away. Add “civil rights” – “affirmative action” and the EEOC to this mess, and all the total fines which they can and do assess, and it is no wonder biz goes elsewhere.

    IF one was to stand and say it was the 60′s hippies “save the planet” mentality which is runing this world – they would be skinned alive by both the government and the “feel good” people.

    WE need to repeal all social legislation, and replace it with common sense legislation which does address the problems which Title 7 1964, Title 9, Title 12 and all the other stupid other special interest groups got pushed thru congress to benefite their point of view.

    IF we start to leave biz alone, it will come back. Don’t tell them “how many” of some type need to be on the payroll. Understand that industry is a messy business, but the mess can be controlled, and taken care of, — AND — show industry how it can make money by being “clean” — it will be back.

    NOT until, nor before. China does not have EPA / EEOC / or other draconian laws. Biz will go where biz is welcomed and not fined to death for every infraction.

    Peter

  • http://erectuswalksamongstus.com Max Hardwood

    Our society is in decline, it’s too late to
    stop it. Prepare, our future will not be the
    same. A good study on societal collapse:

    Http://www.ourcivilization.com/study.htm

  • http://erectuswalksamongstus.com Max Hardwood

    Whoops: change ‘z’ to ‘s’=

    http://www.ourcivilisation.com/study.htm

  • impeachRonPaul

    The tea party is even worse. They are frauds for the rich (Koch brothers) with a rigid social agenda of taking more freedom and letting the goverment control us with more “social issues” from the far right. Keep your freedom avoid the white trash tea party!

  • j r

    The US is doomed. If you don’t believe it just stroll through your local Walmart and make note of the typical shopper there. You think these people are going to change this country’s direction?

  • mondobeyondo

    The American people have deluded themselves into believing a rising Dow Jones index, higher corporate profits, and a new big screen TV, automobile and iPod indicate wealth. In reality, it is greed masquerading as wealth.

    True wealth comes from a strong industrial base – the ability to manufacture products which other people (i.e. the rest of the world) desires or needs, efficiently and better than the competitor (in our modern case, China and Japan).. A service economy does not produce wealth.

    We’ve sold our soul to China. They own us now. If not literally, then financially and economically.

    In less than 100 years, the U.S. has gone from technological innovation to… McDonald’s and Wal-Mart.

  • mondobeyondo

    Today and in the future, there will be wars, famines, pestilences, and earthquakes in diverse place.

    I didn’t say it. Jesus said it. Read Matthew 24 sometime.

    The good news is, it’ll all work out well in the end. The bad news is, it’s going to get worse in the short term. A whole lot worse. All this is only the beginning of sorrows…

  • Davey Jones

    Posted by Suetonious
    November 19th, 2010 at 10:28 am

    Hopefully, the American people will begin to realize that this has all been by design. This is no “mistake”. This is not the result of “stupidity” or “incompetence” on the part of the true masters of our national destiny. Believing that crap makes a person one of the useful dupes that keeps spinning in circles as the Masters of Economic Destruction maintain their economic demolition activities.

    Some brutal facts that Americans were just too fat and happy to notice until a few short years ago:

    - Your government does not work for you and has not in your lifetime. It works for the banksters who themselves report to even nastier European banking families who’ve been porking the western world for several hundred years.

    - America served its purpose in installing a corporatocracy around the world. This established the foundation necessary for the Illuminati megacorporates to move on in and dominate a country’s activities. During this gestation time (think of the movie “Alien”), the PTB made America prosperous and mighty in order to carry out that task.

    - The above task is done, and now…Americans are a hindrance to their plans to establish a global governing body to control the wealth and activities of the entire world. Americans are considered too vehemently nationalistic and demanding of individual rights, to acquiesce to their plans for a Brave New World Order. Thus, you are now being actively – and I mean – ACTIVELY destroyed.

    - If you understand the above, you might have a chance to fight back. If not – you will be caught in their endless “action-reaction-fascist solution” cycles to end up exactly where they want you – broken, destitute, angry and impotent.

    - The PTB are now looking to screw over Asia. As long as you think China is the enemy, you play right into the hands of the insidious viper/vampire Rothschild moneygrubbers.

    - You ain’t gonna hear anything like this on the sheepstream media, so if you wait for this to be verified by the bought-and-paid for MSM scum, yer gonna be dead or out of the way before it dawns on you.

    Unpleasant facts, yeah – but it’s long past time where the delusionally trusting and/or complacently stupid have the luxury of dismissing things that don’t strike them as pleasant.

    In short, yer s— sandwiches are up, and you either storm the kitchen en masse – or get ready to hold your nose and take some big whopping bites.

  • Davey Jones

    @William, “the collapse began with the shrubber”?? You single out a specific point in time for the beginning of the collapse and equate the arrival of Bush into office as the reason behind the collapse???

    Are you not able to see how incredibly short sighted and downright ignorant that limited view of the variables involved really is?

    As if any individual president bears responsibility, when if fact the presidents from Woodrow Wilson onto the present are all guilty. Guilty of enthroning corporations, the creation of a global corporatocracy and the planned wealth transfer from the western empire to the atheistic east.

    I will add a comment from another intelligent post found on the economiccollapseblog.

    Posted by Suetonious
    November 19th, 2010 at 10:28 am

    Hopefully, the American people will begin to realize that this has all been by design. This is no “mistake”. This is not the result of “stupidity” or “incompetence” on the part of the true masters of our national destiny. Believing that crap makes a person one of the useful dupes that keeps spinning in circles as the Masters of Economic Destruction maintain their economic demolition activities.

    Some brutal facts that Americans were just too fat and happy to notice until a few short years ago:

    - Your government does not work for you and has not in your lifetime. It works for the banksters who themselves report to even nastier European banking families who’ve been porking the western world for several hundred years.

    - America served its purpose in installing a corporatocracy around the world. This established the foundation necessary for the Illuminati megacorporates to move on in and dominate a country’s activities. During this gestation time (think of the movie “Alien”), the PTB made America prosperous and mighty in order to carry out that task.

    - The above task is done, and now…Americans are a hindrance to their plans to establish a global governing body to control the wealth and activities of the entire world. Americans are considered too vehemently nationalistic and demanding of individual rights, to acquiesce to their plans for a Brave New World Order. Thus, you are now being actively – and I mean – ACTIVELY destroyed.

    - If you understand the above, you might have a chance to fight back. If not – you will be caught in their endless “action-reaction-fascist solution” cycles to end up exactly where they want you – broken, destitute, angry and impotent.

    - The PTB are now looking to screw over Asia. As long as you think China is the enemy, you play right into the hands of the insidious viper/vampire Rothschild moneygrubbers.

    - You ain’t gonna hear anything like this on the sheepstream media, so if you wait for this to be verified by the bought-and-paid for MSM scum, yer gonna be dead or out of the way before it dawns on you.

    Unpleasant facts, yeah – but it’s long past time where the delusionally trusting and/or complacently stupid have the luxury of dismissing things that don’t strike them as pleasant.

    In short, yer s— sandwiches are up, and you either storm the kitchen en masse – or get ready to hold your nose and take some big whopping bites.

  • http://whatreallyhappened.com Rota Wolfman

    America is toast, as planned by the mechinations of the NWO. Our troops are trapped overseas. Americas manufacturing is gone. Americas land was used as collateral for the Loans by China. In Law, they can come and take the collateral. Just like a car, don’t pay the loan, send the repo man, but this time it will be Chinas military. But first the planned civil war so when the chinese come Americans will already be at each others throats. But the media will be saying that they are here to “help us” restore order. Get ready.

  • Virginia

    America is now officially and unequivocally the under dog of the world. Our value as human beings becomes more diminished daily along with our home values, our education and our job experience. None of it means much more than squat these days although every commodity we buy is skyrocketing in price. We are being railroaded to *ell in a handbasket and there is no end in sight. We are not alone, Europeans are not far behind. All of these came home to roost in a few short years. To top it off, financial experts tell us we need $1 million to retire and be comfortable. Now that is a fine bit of advice. How do you save on poverty wages?

  • Gary2

    Tell Congress: Tax millionaires and billionaires

    We are winning-Tax the rich hard and spread the wealth!

    Tax corporations like GE who pay no taxes. Tax the mother F**** hard and spread the wealth!

    http://act.credoaction.com/campaign/tax_millionaires/?r=7425&id=18539-2666779-P8uK3Sx

  • j

    Follow UK’s example, why can’t people in USA unite againt the govt?
    Wake up the citizens of USA…wake up…open you eyes…
    stop watching your TV, it is brain washing you…
    Take action…NOW
    Take action, not for God’s sake BUT FOR YOUR OWN SAKE AND FOR THE SAKE OF YOUR KIDS FUTURE

  • http://www.pathtoasia.com rhea

    When the unemployed cannot afford food on their table and gas to look for work Obama will tell helicopter Ben enough. What will provide the tailwind to corporate earnings as squeezed consumers spend more of their available funds on gas, heat and food? We may not import most of our food, but I sure am paying more! What will be replacing the strapped consumer to provide this tailwind?

    We help Americans move to Asia for jobs and prosperity. Learn more at http://www.pathtoasia.com

  • Edouardo

    Get ready, America: we are mere decades (or less) from becoming either a bonafide Fascist State, or a Communist one…

    As soon as the “great unwashed” in this country are pried away from their reality shows on television, and the credit cards are maxed-out, they’ll be FORCED onto the street…and that’s when things will become interesting—VERY interesting.

    Will we sacrifice personal liberty for security, by following the dictates of a corporate-propped strong man like Germany did in the 1930′s…? Or will we, instead, be part of a populist revolution that will see corporate carpet-baggers strung-up & hung from the lamp posts of Wall Street, and put power back into the hands of the people, a sort of “democracy-come-communism”…?

    I don’t know—but something’s just gotta give. “Black Friday” in America is coming, and it’s very real…it’s only a matter of time.

  • Gabrial Singh

    Reagan started this disaster, GWB2 finished it. All right wingers are the enemy of the state and should be rounded up and thrown in the jails you have built for the brown and black people. your time is coming, and that right soon.

  • Piglet

    “So what happens if we have a conflict with China someday?” First, the US would have to borrow money from China to even consider it. All joking aside, however, the only real answer is “Checkmate.” The US cannot afford to have a conflict with China, and both the US and China know it.

    From the mid-1850s until just prior to WW II, the US and other foreign powers stationed large military forces inside a weakened China in order to exploit it for the benefit of their corporations. As USMC Major General Smedley Butler said, “In China I helped to see to it that Standard Oil went its way unmolested.” Until post-WW II Europe, it was the largest overseas basing of US forces. The US military returned after WW II, but had to leave as the communists came to power. During the Korean War, General MacArthur was hot to invade and occupy China and have a return to the “good old days” of foreign occupation and exploitation. Americans have largely forgotten this period, but the Chinese have not, and as the US has borrowed its way toward oblivion, the Chinese have maneuvered their way into a position ensuring they will not be molested by foreign powers again. Taking a long term view, they know the best way to defeat an enemy is to ensure he can never fire the first shot.

  • http://www.paulspage.com Paul Pace

    I have been working closely with factories in China for the last 6 years, and as such I have gained a perspective on these trade issues that I find many economists seem not to understand.

    China’s initial strategy did not truly consider itself in competition with the U.S. It was in competition with other developing nations. Its strategy was to steal the wealth that would otherwise have gone to them. China is the largest beneficiary of unsustainable business climate in the U.S. (and Europe), however, if it were not China, it would be someone else.

    During the middle part of the 20th century, much of the world had been completely destroyed while other parts were deeply experimenting with communism. This lead to the U.S. into complacency and we began to take on Federal policies such as the ‘Great Society’ and we expanded the New Deal, which lead to a condition of weakness. Once the rest of the world redeveloped and was forced to end its experiments, it was impossible for us to compete whit this new chain around our ankles.

    We must dramatically increase the number of legal immigrants to this nation – I’m talking by hundreds of thousands per year. If you look at a factory in China, you find that there are two classes of employees.

    There is the worker class. This makes up the bulk of the employee base. These employees are generally from abject poverty or subsistence farming background and very few of them can read or write. They work for extremely low pay and are usually given ‘apartments’ (more like cramped dorm rooms) and 3 meals a day. They are extreme savers and are usually looking more to the future than for their own happiness and have no plans of world domination. They often spend all of their money sending their children or nephews and nieces to school. These children get an education and lifestyle that the workers will never enjoy until they are too old to work and their kids are taking care of them.

    Then there is the administration of the company. This is the supervisors, quality control, middle managers, engineers, sales people, accountants, finance, etc. They are a smal minority of the total workforce but make up the bulk of its pay. Adjusted for spending power, these workers make as much or more than their American counterparts. When you get higher up in to sales, engineering, accounting, management, etc, you will find pay to be, without adjusting for spending power, on par and in many cases higher than what the American counterparts make. If you were to place an average American worker into the Chinese workforce, this is where the American worker starts off, unfortunately, the worker position is where we choose to put the American and this is what leads to such high unemployment.

    All things being equal, people prefer to live in a free nation. If the U.S. expanded its immigration policy, it would find all the best talent in the world. But as Milton Friedman said, you cannot have open borders and welfare for long, so to accomodate the migration of this talent we must eliminate all federal welfare and entitlement programs.

    The talent can only come if there is employment. The employment will come with manufacturing, and manufacturing requires abundant low-risk, low-wage labor. The federal laws on labor must be repealed to allow for this condition to exist. Our federal minimum wage and the federal employee liability laws (OSHA, workers comp, etc) make it impossible to operate a factory profitably. This is not a magical condition caused by Chinese subsidies, this is a condition caused by not having access to the same labor.

  • Edouardo

    Piglet obvious has some insight into this whole (apparently)convaluted China-USA relationship…

    Mark my words: when mainland Chinese forces march into Taiwan completely indifferent as to any US response, THAT will mark the dawn of the new world order headed-up by China—America’s influence & role at the centre of the world stage will be officially eclipsed, once & for all.

    Read the book, “THE COMING CONFLICT WITH CHINA”: the latter country makes no secret that America is public enemy #1. For decades now, it has lusted for the return of three jewels to its crown: Macao & Hong Kong were two of those jewels…but the CROWN jewel remains Taiwan.

    Watch for its return to the realm within 5 years at the MOST—and the USA will be completely powerless to stop it…

    What can Washington do to prevent it…? The Communists in Peking have literally TRILLIONS in US CASH in their vaults—and they have extensive credit lines & holdings with both the US government & private interests here…besides, they have sat back & enjoyed watching America suffer from the “…death of a 1000 cuts” (also in the book) for years now, as Washington has foolishly engaged itself in costly military adventures in Afghanistan, Iraq, & now Libya.

    Did you know, for instance, that Peking has been signing mega-buck oil deals with Baghdad, even as the blood of American men & women is being spilled in that cesspool..? What a tragic waste—what an insurance policy to ensure that China will continue to be awash in oil in the next decade, while the USA is awash in blood and debt…

  • Cody

    BBC News – China’s New Economic Power Fans Fear, BBC Poll Finds…

    http://www.bbc.co.uk/news/mobile/business-12867892

  • http://thepoliticalbandit.com/ William Cormier

    The dismantling of our economy has been building for years, and unbeknownst to most Americans, Wal-Mart was largely responsible for the rush to outsource our manufacturing to China – and in fact forced American industry to relocate in China in order to stay competitive with an illegal monopoly as defined by the Rule of Law.

    Wal-Mart And the Destruction Of Our Economy (3-27-2005) http://thepoliticalbandit.com/?p=96

    In the next article we published the brutal tactics that Wal-Mart used to bully American businesses to sell at a price they demanded, or in the alternative, those items were “outsourced” to China so that Wal-Mart could crush any and all competitive products and therefore have a monopoly over products that severely undercut the costs of manufacturing those products in America:

    Wal-Mart & China Benefit – America Loses
    http://thepoliticalbandit.com/?p=89

    Even though we ran a series of in-depth articles on Wal-Mart’s unholy alliance with China, none exemplified the dangers of China’s rise to our own National Security as:

    China Poses A Clear And Present Danger To U.S. National Security
    http://thepoliticalbandit.com/?p=734

    I find it extremely sad that laymen with no training in economics nor business administration could see these dangers to our economy and National Security posed by the Corporate Greed of Wal-Mart who, without any compassion for American worker’s or our own National Security increased their profits and global reach on the backs of the very nation that helped to build Wal-Mart into the largest Corporation on earth – and now their unmitigated greed and lust for power can now be attributed as the greatest single-most action that helped to neuter the economic strength of what used to be the most wealthy country on earth.

  • chundini

    With the Chinese industrial miracle at least 200 million chinese are middle class in respect to the other billion left behind. That is a wide gap way beyond the 44 millions on food stamps in the USA. The chinese are very smart people with thousands of years of history. What could possibly make the Chinese smarter than us? We have alphabets 26 of them only. Much of our population can’t use them properly. They have no Alphabets and only over 3,000 base words to use when they learn them and know how to use them. Whose mind is taxed greater to remember and become more proficient. ???

  • http://thepoliticalbandit.com/ William Cormier

    Does moderating a comment really take this long???

  • Boogieman999

    I believe the “PHD’s” and “Trillionaires” in those “Think-Tanks” all around the world have had it in their plans for a long time, now? And some of you “bloggers” are the first I’ve ever had the pleasure of reading from that I think are really on to it in all my years! We won’t have to worry about getting the last active-ingredients for antibiotics, or tecnologies from potential enemies living in other countries where the businesses who bought up this stuff are located? There won’t be any wars. I have been telling people, if you need an example, go back and watch some of the old episodes of Star Trek. Ever seen a “Klingon?” Ever seen two of them? Can you tell them apart? Somewhere, somehow, I think there are actually people who believe that this “Globalization” thing is a way to World Peace? If everyone becomes a business person, we can somehow all become a part of a single “world market?” One planet, nation, language, race, class, economy, relegion, and “world order?” By the time we recognized we needed to create Government Regulation, straighten out the wage markets, clean up all the “Love Canals”, and resultantly build our “middle-class”,… someone said “why are we knocking ourselves out trying to do this?” There have always been other markets, with working poor just waiting to get their hands on our jobs, and general wealth that comes with it. Dumbing down our people has been accomplished. Most americans are now more concerned with who’s going to win the Heisman Trophy this year,(and cannot afford to go to the game anymore so they head for the “Sports-Bar”) than they are with the matter of their children ever owning a decent paying job, with benefits to support having a family, a “cottage up north”, two cars in the garage, a boat, motorcycle, jet ski and a “quad-runner” to play with next weekend. They don’t want to join a “union”, pay an initiation fee, and monthly dues. They really understand that the concept of collectivity is universal. There is safety in numbers. They would rather join a “fraternity”, “organization”, “federation”, “club”, “sorority”, “association”, pay an initiation fee, and monthly dues? They usually don’t go to church, or don’t vote in “mid-term” elections, if ever? It’s apathy, or just plain lazyness? It’s not ever learning to be concerned (changing lanes without signalling?) with the welfare of anyone but themselves? I think of them as members of the MFSOB’s. (“Me First SOB’s”). They have all been watching television, listening to the “talking heads” on radio, hanging out at the “sports bars” and thinking they are somehow becomming smarter for it? I don’t know if there is a organization called the “Illuminati”, or if there is really any such thing as a “New World Order?” I actually suspect that there are folks who talk about that, and don’t ever stop to think what that really might be, or that they will never even be a part of it, although they think they can? When the “freedom train” comes to town, they will not have a ticket, and will probably be just thrown onto the tracks! I have never been so arrogant. I have never had an opinion of myself that has had me thinking I was “one-of-the-club?” I humbly submit to you all my definition of globalization: “The richest people in America,.. Taking care of the richest people in all the other countries.”

  • Boogieman999

    I believe the “PHD’s” and “Trillionaires” in those “Think-Tanks” all around the world have had it in their plans for a long time, now? And some of you “bloggers” are the first I’ve ever had the pleasure of reading from that I think are really on to it in all my years! We won’t have to worry about getting the last active-ingredients for antibiotics, or tecnologies from potential enemies living in other countries where the businesses who bought up this stuff are located? There won’t be any wars. I have been telling people, if you need an example, go back and watch some of the old episodes of Star Trek. Ever seen a “Klingon?” Ever seen two of them? Can you tell them apart? Somewhere, somehow, I think there are actually people who believe that this “Globalization” thing is a way to World Peace? If everyone becomes a business person, we can somehow all become a part of a single “world market?” One planet, nation, language, race, class, economy, relegion, and “world order?” By the time we recognized we needed to create Government Regulation, straighten out the wage markets, clean up all the “Love Canals”, and resultantly build our “middle-class”,… someone said “why are we knocking ourselves out trying to do this?” There have always been other markets, with working poor just waiting to get their hands on our jobs, and general wealth that comes with it. Dumbing down our people has been accomplished. Most americans are now more concerned with who’s going to win the Heisman Trophy this year,(and cannot afford to go to the game anymore so they head for the “Sports-Bar”) than they are with the matter of their children ever owning a decent paying job, with benefits to support having a family, a “cottage up north”, two cars in the garage, a boat, motorcycle, jet ski and a “quad-runner” to play with next weekend. They don’t want to join a “union”, pay an initiation fee, and monthly dues. They really understand that the concept of collectivity is universal. There is safety in numbers. They would rather join a “fraternity”, “organization”, “federation”, “club”, “sorority”, “association”, pay an initiation fee, and monthly dues? They usually don’t go to church, or don’t vote in “mid-term” elections, if ever? It’s apathy, or just plain lazyness? It’s not ever learning to be concerned (changing lanes without signalling?) with the welfare of anyone but themselves? I think of them as members of the MFSOB’s. (“Me First SOB’s”). They have all been watching television, listening to the “talking heads” on radio, hanging out at the “sports bars” and thinking they are somehow becomming smarter for it? I don’t know if there is a organization called the “Illuminati”, or if there is really any such thing as a “New World Order?” I actually suspect that there are folks who talk about that, and don’t ever stop to think what that really might be, or that they will never even be a part of it, although they think they can? When the “freedom train” comes to town, they will not have a ticket, and will probably be just thrown onto the tracks! I have never been so arrogant. I have never had an opinion of myself that has had me thinking I was “one-of-the-club?” The think tanks are in charge. Our only real power is in our liberties, and our vote. Politicians are just the ones who carry the water. I humbly submit to you all my definition of globalization: “The richest people in America,.. Taking care of the richest people in all the other countries.”

  • Edouardo

    “…NEVER IN THE HISTORY OF HUMAN ENDEAVOR HAVE SO MANY KNOWN SO LITTLE ABOUT SO MUCH…”

    That about sums up the situation to-day in America very nicely, IMHO.

    Oh yeah, see you in the rice paddies…!!! Try not to get a soaker…

  • liberranter

    *One school district in the Chicago area is laying off 363 teachers.

    *The U.S. Postal Service is offering $20,000 buyouts to thousands of workers as they attempt to slash 7,500 good paying jobs.

    *The city of Detroit, once a shining example of middle class America, is now a rotting cesspool of economic decline and it saw its population decline by 25 percent over the decade that recently ended.

    The public schools and the postal service are dispensable, easily replaceable by the private sector. As for the city of Detroit, it’s current condition is the inevitable fruit of a half century of wasteful, corrupt, socialist mismanagement.

  • clarence swinney

    80% WAL-MART SALES ARE CHINESE GOODS
    40% all non oil imports form Chinas.
    Labor Cost = Big profits
    Wal Mart says lowest prices. Not that much lower. Wall Street owns mfg in China and makes record profits.WSA cares only for Profit.

  • clarence swinney

    INEQUALITY OUR BIGGIE.
    FEW OWN US
    1945 TO 1980 GREAT MIDDLE CLASS WAS BUILT.
    Each percentile gained almost evenly im Income and Wealth.
    Reagan 60% Tax Cut Top 1% started Redistribution. Wall Street growth.
    Bush topped Reagan.

    In 1980 1% owned 20% of Financial Wealth and got 10% Total Income.
    In 2009 1% owned 43% Financial Wealth and took 24% of Income.
    120,000,000 owned 7% Financial Wealth
    Banana Republic distribution.

    1980-2009 top 1% got 281% Gain in Income.Middle class got 25% or less than lnflation.
    2001-2007 Top 1% got 67% Income Increase.

    Only Solution Tax Rich. A must.
    In 2009 the government took 17.5% of our Total Income. 2100 of 12,000.
    Lowest of any Rich nation.
    Mexico is only rich nation with more Inequality. Viva El Amigo

  • clarence swinney

    I MISS BILL

    CLINTON/GORE PRAISE-WITH PLEASURE
    GDP–rose from 6300 to 11,600
    NATIONAL INCOME-5,000 to 8,000 Billion–took 20 years to grow 2500B before Clinton
    JOBS CREATED–over 22 million–record by far
    AVERAGE WEEKLY EARNINGS–$360 to $478
    AVERAGE WEEKLY HOURS WORKED–never hit 35.0–hit that  mark 4 times in 80′s
    UNEMPLOYMENT–from 7.2% down down down to 3.9%
    WELFARE TO WORK—11,533,710 on federal roll in 1996 and 3,880,321 in 2007.
    MINIMUM WAGE–$4.25 to $5.15
    MINORITIES–did exceedingly well
    HOME OWNERSHIP–hit all time high
    DEFICIT–290 Billion to whoopee a SURPLUS
    DEBT—-+28%—300% increase over prior12 years
    FEDERAL SPENDING–+28%—80% under Reagan- who da true conservative?
    DOW JONES AVERAGE–3,500 to 11,800  all it’s history to get to 3500 and Clinton zooms it
    NASDAQ–700 to 5,000—all of it’s history to get to 700 and Clinton zooms it
    VALUES INDEXES– almost all bad went down–good went up in zoom zoom zoom
    FOREIGN AFFAIRS–Peace on Earth good will toward each other—Mark of a true Christian–what has Bush done to Peace on Earth?
    POPULARITY—highest poll ratings  in history during peacetime in  AFRICA, ASIA AND EUROPE even 98.5% in Moscow–left office with highest gallup rating since it was started in 1920′s.
    STAND UP FOR JUSTICE–evil conservatives spent $110,000,000 on hearings and investigations and caught— ONE— very evil man who took a few plane rides to events.
    BOW YOUR HEADS–Thank you God for sending us a man of Bill Clinton’s character, intelligence, knowledge of governance, ability to face up to crises without whimpering and a great leader of the world.
    THANK YOU GOD FOR THE GOOD TIMES THE CLINTON/GORE YEARS.

    • Ellen

      Just came across this article, pretty scary.

      President Clinton signed both trade agreements, NATA and the US-china relations act of 2000, we are now seeing the affects.

      Clinton had the dot com bubble, brought in a huge amount of revenue, that began to fade in the late 90′s.

      All good things come to an end, we need a stable economy, stable jobs, not temporary jobs the government creates.

    • joel

      Actually the problem started with Reagan, do some fact checking before posting stupidities .

  • clarence swinney

    WRECKONOMICS
    WRECKONOMICS II REV 7-12-10
    COURTESY :WALL STREET OF AMERICA
    LEADERSHIP VIA CONSERVATIVE POLICIES
    THANKS TO RONALD REAGAN AND G W BUSH

    From 1946 to 1980 the period was known as the GREAT MIDDLE CLASS YEARS
    Each President worked to reduce the Debt from WWII.
    In 1980 Debt was less than 1000 Billion and Government Spending was 600 Billion per year.

    Reagan boastful Cut Taxes plus Cut the size of Government was a Trojan Horse, per his OMB Stockman, to cut Taxes for very rich.

    Reagan was Governor for 8 years during which he increased Taxes on many items.
    He increased the state revenues more than any predecessor.
    By Far. Cutting Government? Ho Hum. Blarney Baloney once more.

    Reagan policies increased Spending by 80% .
    Debt by 186%.
    9-30-81 Debt was $999.9 Billion and 9-30-89 at $1,859 Billion
    Conservatives use Spin: It was Congress.
    From 1930 to 1980 we spent $6066 Billion.
    Reagan 8 Budgets totaled over $7000 Billion.
    Congress? Ho Hum.
    Blarney Baloney.
    Congress returned Reagan 8 budgets for his signature with
    fewer total dollars on them.
    Haynes Johnson in “sleepwalking” said Reagan administration was “most scurrilous in history”
    138 were investigated /charged/fined. More than total for all preceding Presidents in 20th century.
    There were scandals in 27 Departments of the Federal Government.
    Most involved money fraud.
    The book “Ronald Reagan-There he goes again” documents over 300 incorrect statements by good old Ron.
    Each President from 1945 reduced the Debt then came Spend-Borrow Reagan
    to increase government by 80%.

    THEN-Here comes GHW BUSH.
    No braggart here. Nice Gentleman.
    He increased Debt to $4411 Billion.
    A 54% Increase.
    Give him credit for increasing Tax on Rich due to out of control Deficits.
    He had courage to put America first over ideology and party.

    THEN-Pay your Way CLINTON ARRIVES
    The Debt on 9-30-1993 was $4411 Billion.
    The Debt on 9-30-01 was $5807 Billion.
    An increase of $1396 or 31%
    He ended with a surplus.

    HERE comes old King of Spend-Borrow GW BUSH
    Debt was $5807 Billion and on 9-30-09 it was $11,909 Billion.
    105% increase.
    Reagan-186%
    Bush I-54%
    Clinton-31%
    Bush II-105%
    Reagan-Bush I-Bush II did not pay down a penny of debt in 20 years
    Those Three Famous Conservatives added $10,946 Billion to our Debt.
    Three so called Famous “conservatives” promoted cut government
    Up = Down to them.
    INTEREST ON DEBT
    9-30-81 to 9-30-09 we paid $8400 Billion in Interest.
    87% Interest Paid on Debt incurred by the Famous 3.

    Is it not possible(no) that without Reagan + Bush Tax Cuts we would enjoy a Surplus?

    REDISTRIBUTION DOWN TO MIDDLE CLASS
    Increase Unearned Income Tax to 40%. Make Gamblers pay.
    Increase Top Income Tax Rate to 40%
    Increase Estate Tax big time big time biggie
    Eliminate Loopholes on Corporate profits—Set a Minimum
    2008 -16% average payment-(top rate 35%)

    In 2003 distribution of corporate profits by CBO report revealed
    Bottom 80% of Income earners got 8%–Top 5% got 67%—Top 1% got 49%
    2009 Tax Return of Exxon pays no tax on billions in profits. Wrong. Sad.
    2007—Exxon paid no tax. Got a Refund.
    2010—Exxon Profit 45 Billion. Let us see if pay a tax?
    Renew Revenue Sharing to return cost to rich from middle class

    Clarence Swinney
    Political historian since 1991 on Reagan-Clinton-Bush II administrations.
    Lifeaholics Of America — old n ugly but honest mad mad mad
    Author-Lifeaholic-Work for a Life not just a Living—Workaholic to Lifeaholic
    Author-forthcoming– title not decided—How Democrats created a Great Middle Class and Wall Street Rich Conservatives are determined to destroy it

  • clarence swinney

    MANUFACTURING
    My city then of 35,000.
    3 firms created 9000 Jobs
    Western Electric– Burlington industries -Kayser Roth
    Gone. huge plants empty. Heart breaking.

  • http://www.forecastfortomorrow.com/ Jeff

    With the Chinese miracle, things have completely turned upside down, and Chinese goodies have entered every household which are cheap, affordable and attractive. No wonder local industrial bases are getting destroyed worldwide

    Know about the future market trends in advance from http://www.forecastfortomorrow.com/

  • dizzyfingers

    Read AMERICA ALONE by Mark Steyn. His analysis is very different from those here, but the most sobering because it’s about demographics, folks. It’s about the birth rate, the age of the population, and how many or how few productive people young people will or will not fuel the future of the US. The news isn’t good.

  • Andre in L.A.

    China pulling “every trick they can think of”? BS. The globalists, centered in the City of London, have deliberately moved our high tech industries off shore. China would still be running honey wagons down stinking streets, if our wealth had not been stripped off by non-Muslim bankers and exported there, along with our tooling and industries. The American revolution was fought against the British Empire, which was a private entity, best known as the British East India Company. The Rothschilds made their initial fortune sending Hessian mercenaries to fight against Washington’s forces. After the war, America built itself up by protectionist tariffs. Unrestricted “free trade” was always intended as a one-way economic weapon of the Empire. Anyone who facilitates moving U.S. industry offshore to China is a traitor.

  • laura m.

    This is main reason I quit voting 20 years ago when For the People radio said the same thing; politicians don’t care about the people, just corporations and drawing a paycheck. They never listen to their constituents. Corruption on all levels of gov. is another reason. America is down the abyss with zero future.

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