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National Economic Suicide: The U.S. Trade Deficit With China Just Hit A New Record High

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Economics - Public DomainDid you know that we buy nearly five times as much stuff from the Chinese as they buy from us?  According to government numbers that were just released, we imported 44.9 billion dollars worth of stuff from China in September but we only exported 9.3 billion dollars worth of stuff to them.  And this is not happening because our economy is so much larger than China’s.  In fact, the IMF says that China now has the largest economy on the entire planet on a purchasing power basis.  No, the truth is that this is happening because our economy is broken.  Every month, we consume far more wealth than we produce.  Because the outflow of money is far greater than the inflow, we have to go to major exporting nations and beg them to lend our dollars back to us so that we can pay our bills.  Meanwhile, the quality of the jobs in this country continues to go down and our formerly great manufacturing cities are rotting and decaying.  We are committing national economic suicide, and most Americans don’t seem to care.

Barack Obama is constantly hyping a “manufacturing resurgence” in America, but the numbers don’t lie.  In September, our manufactured goods trade deficit with the rest of the world soared to a new all-time record high of 69.16 billion dollars.  For the year, we are nearly 12 percent ahead of last year’s record pace.

When we buy far more things than we sell, we get poorer as a nation.

How do you think that we ever got into a position of owing China more than a trillion dollars?

We just kept buying far more from them than they bought from us, and their money just kept piling up.  Now it has gotten to the point where our politicians literally beg them to lend our money back to us.  They are the head and we are the tail.

And we did this to ourselves.

Once upon a time, the United States was the greatest manufacturing powerhouse that the world had ever seen.  But now China manufactures more stuff than us and China also accounts for more total global trade (imports plus exports) than us.

This should never have happened.  Several decades ago, the Chinese economy was a complete joke.  But decades of incredibly foolish decisions by our politicians have resulted in the loss of tens of thousands of manufacturing facilities, millions of good paying jobs and the destruction of vast stretches of our economic infrastructure.

During the same time frame, gleaming new manufacturing facilities have gone up all over China.

China is literally wiping the floor with us on the global economic stage and most Americans don’t even understand what is happening.  Here is more on the trade deficit numbers that were just released from the RealityChek Blog

>The China goods deficit of $35.56 billion blew past the old mark of $30.86 billion, set in July, by 15.23 percent. The new deficit also represented a 17.77 percent increase over the August level of $30.20 billion.

>U.S. goods exports to the still strongly growing Chinese economy fell on month in September from $9.63 billion to $9.33 billion (3.12 percent). U.S. merchandise imports from China jumped by 12.70 percent over August levels, from $39.83 billion to $44.89 billion – itself an all-time high.

>The U.S. goods deficit with China this year is now so far running 5.62 percent ahead of 2014’s record pace.

>The longstanding U.S. manufacturing trade shortfall shot up from $59.10 billion in August to $69.16 billion in September. This 17.02 percent jump resulted in a beat of the old record of $67.33 billion, also set in July, by 2.72 percent.

And it isn’t just cheap plastic trinkets that China is selling to us.

In fact, their number one export to us is computer equipment.

Meanwhile, one of our main exports to them is “scrap and trash”.

For much more on how China is absolutely dominating us, please see my previous article entitled “Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America“.

Sadly, there are a couple of factors that will probably make our trade deficit with the rest of the world even worse in the months ahead.

Number one, the currency war that I wrote about earlier this week will probably push the U.S. dollar even higher against the yen and the euro.

You might think that a rising dollar sounds good, but the truth is that it will make our exports less competitive in the global marketplace.

Nations such as Japan devalue their currencies so that they can sell more stuff to us.  But that hurts our own domestic industries.  And when our own domestic industries suffer, that means less jobs for American workers.

Secondly, the collapse in the price of oil could have very serious implications for the shale oil industry.

In recent years, the shale oil revolution has caused local economic booms in states such as Texas and North Dakota.  But shale oil tends to be quite expensive to extract.  As I write this, the price of U.S. oil has fallen to about 77 dollars a barrel.  If it stays at that level or keeps going down, shale oil production in the United States will slow down dramatically.

In other words, a lot of these shale oil “boom towns” could go “bust” very rapidly.

If that happens, the amount of oil that we import will rise substantially and that will add to our overall trade deficit.

But of course the biggest factor fueling our trade deficit is that the vast majority of Americans simply do not care that we are committing national economic suicide.

When we buy products made in America, we support American businesses and American workers.

When we buy products made overseas, we hurt American businesses, we kill American jobs and we make ourselves poorer as a nation.

Of course there is nothing wrong with buying a foreign-made product once in a while.  But this holiday season, most people will fill their shopping carts to the brim with foreign-made goods without even thinking twice about it.

The next time that you go into a huge retail establishment such as Wal-Mart, start picking up products and look to see where they were made.

I think that you will be shocked at how few of them are actually made inside the United States.

When are Americans going to get sick and tired of making China wealthier at our expense?

We are willing participants in the destruction of the U.S. economy, and yet only a small minority of people seem to care.

What is it going to take for people to finally wake up?

  • anniefromindiannie

    Most americans live in bubbles now. As long as you don’t burst it, they don’t care about anything that is going on around them. Doomsday is coming! Get ready!! Let’s see how much oil gluts the market next week.

  • K

    Michael you are right many do not care. But also many are just ignorant. They think frigidaire or rca, or many other brands are made here. When the truth is they left this Country long ago. The made in China label, is not easy to find. And most do not even think to look. The corporations sold out the U.S. long ago, and so did the Government. Any appliance that most can afford, not made here. I just bought a car with a well known American name brand, made in Mexico. A similar car made in America, an additional 14 thousand dollars. And even that car had a Mexican engine. In the beginning it may have well been the consumers fault, but now for most of us there is no real choice. Find a camera made in America, find a T.V. made in America, and the list goes on and on.

    • Guest

      “The made in China label, is not easy to find.”

      I think you meant the made in USA label. :-)

      • K

        Well said.

      • Mark Caldwell

        No, he meant they are hiding or removing “made in China” labels from products, hence, they are actually harder to find on the back of products.

        • Dany

          I think he pretty much meant the same thing in a different way – just a play on words

    • Swagato Barman Roy

      It is just a global balancing…nothing wrong. In the sixties, when America had 50% of the global GDP, the Americans were the proverbial 1% in the world we keep harping about, the rest of the world drowned in absolute poverty.

      • Dany

        i can see you care nothing for the American economy

        • Swagato Barman Roy

          I care about freedom of individuals (including me) across the globe to engage in commerce and the eventual merger of humanity across nations and continents.

          I do not care specifically about group of people living inside an arbitrary land border, whatever you call that land.

          And I specifically abhor governments which divide people based on nationality, language, or religion. All governments do this, but some a lot more than others.

    • Anthony

      Engineered in America and made where labor is cheapest. Just no getting around it with globalization, free trade, WTO, etc etc…

    • none

      Many people think the “made in usa” label
      is a warning. Look at the chevy recalls. Verse a Japanese manufactured car.

  • Andy Sloan

    Lamentations 1:5

    “Her adversaries are become her lords, her enemies are enriched: because
    the Lord hath spoken against her for the multitude of her iniquities:
    her children are led into captivity: before the face of the oppressor.”

  • jakartaman

    35 years ago i was having a chat with my farther -in law
    I told him then most everything americans buy/use is made in China. Of course he did not believe me. I said take off you shirt – where was it made, take off your hat, take off your sneakers etc. needless to say he was shocked – it has only got worse.
    We are living in a deluded state of mind – unfortunately it is going to come like a thief in the night.

  • Lennie Pike

    When will Americans wake up? Probably only when they are confronted by the Chinese troops who have been invited in by “their” politicians as they march down American neighborhood streets confiscating small arms. Maybe Americans would have awakened many years ago if the Mainstream Media was not controlled by the same traitors willing to betray Americans for a quick buck but I doubt it. Americans no longer deserve to be free or have their present standard of living, and the traitors deserve whatever the penalty for treachery is under the law – hanging I believe.

    • Priszilla

      China will buy America. No need to send troops. China will be seen as saviour providing jobs.

    • Mondobeyondo

      Yep… that will be about the time most Americans will finally wake up. Only when the damage has already been done… and then the masses will figure it out. “Trouble? Why didn’t you tell us we were in trouble?? Arghhh!”

  • Bill

    What is it going to take? Understand the facts. Yes there are a bunch of stups that don’t.
    The Saudi’s are smart and rich. They can afford to drive down the price of oil temporarily to price out our frackers who threaten their long term dominance.
    That’s just for starters.

  • DJohn1

    Perhaps a better question is what do the politicians supporting imports get in return from the corporations that have betrayed all of us for a worship of money?
    Where are the Republicans in all of this betrayal? Wasn’t that the head of the House that just signed a bill supporting Planned Parenthood? You know the organization that promotes abortion all over the country.
    Where are the God-fearing, Christian leaders in all of this?
    Well, my friend, they are gone. Every last one of them has betrayed every principle that they have declared they believe in to the American Public.
    Ross Perot said it best. But he too got out before the fall.
    He also made a run for it when the heat came on and his family was threatened when he was going for election. I really cannot blame him.
    When every economic thing we have is gone, then the shocked sheep will wake up too late to do anything about it.
    This is all of us. No one is exempt from the results.
    I sit here on Social Security and a couple of pensions and I wait because it will all go up in smoke before too much longer. I make no effort to save money. What good is money that is not worth the paper it is written on?
    There is probably one chance in several million that I am completely wrong. There is one chance in about 10 million that Jesus will return and take us with him into the clouds.
    We have waited as Christians for over 2,000 years and he isn’t here yet.

    • Ian B.

      That’s where faith comes in. There is hope brother. I believe He is coming soon. Don’t lose faith. God bless you

      • DJohn1

        Jesus taught faith. One example being they were on a boat and he tried to teach Peter how to walk on water. Peter did have a good faith for a human being.
        Peter flunked big time and Jesus had to rescue him.
        The day that you can step off a ladder and continue walking on air is the day that FAITH will work by itself. No one that is Human in our current world can step off that ladder and continue to walk on air or water.
        We are not gods. We are Human Beings. Peter could not walk on water without assistance from Jesus.
        We are given a certain place in the rules that govern the Universe. Those rules cannot be tampered with by the likes of you or me.
        Jesus is a god. He is also in perfect harmony with the creator of all things. The tricky part is that God, Jesus, and the Holy Spirit are considered the same.
        In other words, Jesus has the power to make things happen.
        We, on the other hand, do not.
        That does not mean that we cannot ask for miracles and receive them. Where two or three are gathered together . . .
        It is not mere human beings doing the miracles. It is only through Jesus Christ, God, or the Holy Spirit that miracles occur. As Christians we go through Jesus Christ in most cases.
        The reality is that none of us can do miracles on our own.
        We are subject to the rules of the Universe just like anyone else.
        Just because ask, does not mean Jesus grants everything that we ask for.
        I think the time that Jesus returns is set in stone. I think it will happen in God’s time not ours.
        But I also think that the Jews were set up at the time that Jesus lived on this planet.
        There are two kinds of events in time. One event is pre-determined by God. The other event is changeable by prayer. Only one of the trinity knows which one we are dealing with.

        • Ian B.

          I think we’re on the same page brother. I wasn’t trying to offend you. I was trying to encourage you

      • jesusandtherese

        He will come soon. He’ll come.

  • lolz

    Its seems like China need some democracy “made in America”, no?

    • Priszilla

      You mean china needs aircraft carrier fleets in every ocean?

  • Mondobeyondo

    This is what happens when globalization and trade agreements take over… when politicians want to “level the playing field” so that all nations’ economies are more equal, blah blah (great if you’re Uganda, awful if you’re the U.S.). Our quality of life is going down faster than a lead zeppelin.

    We are going to pay the price for all this folly. In fact, we are already paying the price for all this folly. Check any label on any merchandise you see, and see how many of them say “Made in America” or “Proudly Made in the USA”. Anything. The tags on your clothing. Your smartphone. Your shoes. Anything.

    30 or 40 years ago, if our modern technology had existed then, you could have bet your bottom peso or yuan that that merchandise would have said “Made in America”!

    • Firstgarden

      Wouldn’t that be a Led Zeppelin?

      • Mike

        And the song Stairway to Heaven should be titled Stairway to Hell.

      • Mondobeyondo

        Well, technically it would be a lead balloon. Led Zeppelin got their name from a Keith Moon (drummer for the Who) comment… “Your band is going to go over like a lead balloon”…

        • Firstgarden

          Well, certain politicians said “I’m Gonna Crawl” (anything to get ahead), as they sang the “Immigrant Song” way too much, became “Dazed & Confused” and had a “Communication Breakdown.”
          They then said to the FED, “I Can’t Quit You Baby”, and asked, “How Many More Times” can you print money before the time “When the Levee Breaks?”
          After midterms, they said, “You Shook Me”, as they were nearly “Trampled Under Foot,” but really should be sent to the “Gallows Pole.”

  • Richard

    The 9.3 billion that we exported to China were probably our jobs.

  • DesertPaine

    For the EXTREME damage that results, let me say why I buy Chinese goods. We work hard to support American merchants and manufacturers. Let me say why this fails soooooo often.

    My $ go to producers — owners and workers — who create goods, and strengthen our nation in the process. Those owners and workers welcome the effort. At least, as long as it is business as usual on their side.

    When we find businesses that abide by tax law instead of kowtowing to IRS out of fear, and labor with the cajones to resist paycheck extortion, we buy with enthusiasm. When the choice is between supporting breadwinners willing to give 1/3 – 1/2 of their property to IRS, or supporting capital flight, IMHO the latter is the lesser of two evils.

    • Priszilla

      The $20 hairdryer you buy in America leaves the chinese factory for $1.50. How much of that reachrs the workers? And what American product can they buy from that?

  • Kent Harris

    Boycott the big box stores. I no longer buy from these traitors. They have destroyed the mom and pop stores but that wasn’t enough for these greedy bastards they forced the manufacturers to relocate overseas. Screw these people.

    • DesertPaine

      This is a red meat answer. The realities are that their choices are more rational than evil. We all make decisions, daily, that only make sense because they are retardo dictates of the govt. Big box retailers are no different. If they are traitors, we’re all traitors.

      • Ian B.

        Rational? Is it rational to sell out your country for a larger profit margin? I guess because we have a global economy it’s justifiable. I’m trying to grow my own food and buy only what I need. What is the business equivalent of that? I agree with Kent. Boycott the big box stores and hit them where it hurts, in the wallet.

        • DesertPaine

          And I don’t like being called a traitor, either. If you believe your own talk, what percentage of what you believe you need is made in America? What do you do with the rest of your assets? Do you take on govt confiscations of your property? Does your family avail public services and use evil-corporation products, surely made in China? Do you drive an American car, made of American parts? Do you have friends and family who labor for all those evil entities? Do you use money made cheap by the most evil of those corporations?

          The reductionistic thinking that creates easy scapegoats feels good, for it points the finger at someone else. You are doing what you can Ian, but unfortunately most of your economic clout is surely given to undermine that choice.

          • Ian B.

            I’m not perfect, I don’t know what percentage of what I buy is made in America. I have a responsibility to my family first. I understand corporations have a responsibility to their shareholders. I drive a Nissan because American manufacturers fail to produce a quality product that will last. There are no “American” cars anymore. Have you checked the labels? Most of the parts are made overseas. Assets? I rent. My wife and I are self employed. So is my single mother. And so is my brother. I understand your point, but I’m still going try and support the local small business before the large corporation. I don’t even understand your last question.

        • Priszilla

          Capitalism is about making profit.
          It’s as simple as that.

  • Firstgarden

    “Barack Obama is constantly hyping a “manufacturing resurgence” in America, but the numbers don’t lie.”

    Figures don’t lie.
    But liars sure can figure.

  • Erik Bergum

    The sad reality is that most people do not care where our economy goes. Our media and politicians love to tell us everyday that our economy is getting better which is not true

  • DeadManFromIndia

    why does US want petrodollar as a reserve currency ? this is pushing up the value of dollar and devaluing other currencies and consequently trade deficit keeps rising as manufacturing in US is expensive relative to the other countries.
    You can’t have both a strong currency and a strong manufacturing base.

  • wally

    Michael please do an article that explains the unreal strengthening of the dollar. Gold and Silver are dropping like rocks. The EURO is at 1.26. CAD at .88. What the heck is going on. The FED says they are ending QE and what happens to the stock market? All time highs! Oil has fallen off the cliff. Please explain to us what is going on.

    • Tim

      Read the previous article for some insight as to why the U.S. Dollar is “strengthening.”

  • Andy Sloan

    And one of the punishments the US is receiving Michael is for heresy and hatred of the Catholic Church! “The
    devil has always attempted, by means of the heretics, to deprive the world
    of the Mass, making them precursors of the Anti-Christ, who, before anything
    else, will try to abolish and will actually abolish the Holy Sacrament of
    the altar, as a punishment for the sins of men, according to the prediction
    of Daniel,’ And strength was given him against the continual sacrifice’
    (Daniel 8:12).” St. Alphonsus Liguori, Doctor of the Church. (1696-1787)

    • Firstgarden

      Does this not apply to all who embrace the holy book?

  • Hans

    Imagine a circle of dominoes (economic system). Some are quite wobbly (USA, Eurozone, Japan, China, and so on). Any one can cause the whole circle of dominoes to collapse.
    Once the inevitable collapse happens, those countries with a manufacturing base will stand up first.
    You are losing skills and knowledge as you “export” your manufacturing facilities to other countries. Those countries gain those same skills and knowledge.
    One day soon they will conclude that they do not need the CEO’s of the big corporations in the USA to give them orders.

  • California Architect

    Most people don’t realize that the trade deficit is an indirect result of our national budget deficit. When the federal government runs a deficit, it must borrow money to make up for the lack of taxes. Borrowing money in the forms of bonds, takes money out of banks that would otherwise be lent to factories to expand production. But by spending wildly on government programs, people have the money in their pockets to spend. American factories cannot fill the demand, so foreign factories do the job because they can finance their factories cheaply. To reduce the trade deficit, cut federal government programs.

    • Priszilla

      Making war is pure consumerism.
      All those guns and bombs must be bought by the government. Then everything is consumed / destroyed. And more needs to be bought.
      The purchase is financed by going into debt.
      The debt is paid with interest.
      The interest is financed with further debt.

      All the big war machinery is heavily dependent on China buying us treasuries with us dollars from the trade imbalance.
      And from the fed printing money to buy treasuries.

      • California Architect

        That’s true. The federal government needs to slash all programs including defense.

  • Priszilla

    Embargos also backfire.
    When the us is prohibiting the export of high tech, then a) there is no income and b) the other country is forced to develop these things on their own.
    There comes a time when those products are as good but cheaper than those in the us. So they are bought from there, financing further development there while cutting of income to whole groups at home.
    This effect accumulates over the years and decades.

  • grumpyhillbilly

    Many moons ago, when Penn State was a mere farmers’ school made up of working class kids, my economic professor was touting the beauty of free trade and outsourcing manufacturing. Besides finding that premise to be absurd, I was shocked to see my fellow students lapping that drivel up. Today those very kids are the very aging yuppies that have led us to the collapse. Can’t fix anything without taking a bulldozer to the overall university system – preferably with the profs still in the buildings.

    • sharonsj

      They’re not aging yuppies, they are aging Republicans. Georgia just elected David Purdue despite the fact he spent his entire business career outsourcing our jobs. For example, he was personally responsible for 7,600 workers losing their jobs in North Carolina to the Chinese.

      I can’t wait to see how fast the new Republican Congress okays the latest Trans-Pacific treaty–it’s so bad that even the liberals are calling it SHAFTA (after NAFTA).

      • Mike

        The Trans-Pacific treaty is Barak’s baby.

      • Jaybird7

        SO Michelle Nunn was a better choice? I think not

  • Chris

    These weren’t ‘foolish’ decisions by your political leaders Michael because they knew exactly what they were doing and what the outcome would be. They sold the American people out for a Globalization agenda and they did it knowingly.

    • jsmith

      You got that right! You would think that after 10, or 20, or 30 years of things getting worse for the nation, that these politician’s would say, oops, I think we screwed up, let’s turn this around or we as a nation will be toast, but no, the selling the American people down the river continues at a stronger pace. If they don’t care, why should I care, I’m just small potatoes trying to survive. I’m afraid it’s too late and the termites in our government won. Protect yourselves because it’s every man to himself.

  • Priszilla

    Is an iphone an American product?
    Hint: it is made by Foxconn, a Taiwanese company in their factory in China.

    • Firstgarden

      First you’d have to define “American.”

      • Priszilla

        Well, an American is someone who is making war all over the world because he cannot find a properly paid job at home.

        • Firstgarden

          Wow, what a dismal view of Americans… a very broad brush stroke. It has the effect of painting us all in the same corner, like we’re all petty warmongers with no heart or conscience. Is THIS your most intelligent response??

          • Priszilla

            Well there are 30% who participate in elections and either vote for a party that starts a war for profit or revenge (reps) or for spreading democracy (dems); and there are 70% who let them do this by not choosing an alternative.

          • Firstgarden

            Is this your MOST intelligent response??

          • Priszilla

            If you want to understand the present you need to read up on the past.
            Read some books from different perspectives.
            America is a dream to some and a nightmare to others.
            Read up on the history of those big companies. The sugar barons, the tobacco companies, the coal and steel companies. the senators and the land owners. The lobbyists. The wall street and the lawyers. Mccarthy and hoover. Paperclip and Phoenix.

          • Firstgarden

            You speak as though America is the only country with serious moral problems. When one becomes so hyper-focused in this way, the premises are very suspect.

            America is (was) perhaps the greatest experiment in human governance since the Roman Empire.

            In all systems there is an elite. In all systems, the cream rises to the top.

            Taking an anti-American stance sounds simplistic, lacking an overarching view of human affairs. It is way one-sided, not dealing with matters evenhandedly.

            I have been extremely critical of America myself. But I’ve done so because I lament the downfall of something I loved, that once was very precious.

            Your comments smack of an agenda that appears to have no interest in unearthing truth, but only in a negative crying down of one nation. Never do I hear a peep from liberals about that evil tyrant in North Korea, the Persian Mullahs who drop stone walls on homosexuals for punishment. No such freedom for people as afforded here in America. Not a peep about ISIS, Stalin (who killed about 20 million Christians), the Taliban atrocities, gassing people in Iraq and Syria.
            Not a peep!

            Your disdain is solely on America, which is very suspect, indeed.

            If it weren’t for America, we’d all be marching the German goose step, or worse.

            Why do liberals and America-haters come to conservative websites?
            I personally would find an ultraliberal website repulsive, so I don’t go there. Yet you come here.

            Others have called you a troll. I gave you the benefit of the doubt and withheld comment. But now I believe that you ARE a troll. Trolls are like demons, sent to distract and disrupt.

            If you were here to have a rational, point by point discussion on root issues, humanity and ideology, that is indeed welcome.

            But it appears that truth is not what you are after, but rather to disseminate far-left propaganda.

  • Firstgarden

    Is it time to learn Mandarin?

  • Red C. Pedestrian

    Don’t kid yourself. The collapse of the western world is by design. You can’t have a one-world economy without collapsing the present system.
    My prediction, after the economic collapse, is they will forgive all national debts in return for “starting fresh” with an international currency. The currency will be electronic, probably on a smart card. Once enough folks accidentally lose their cards they will then opt for a more convenient micro chip inplant

    • Jane

      I agree Red. America has been being dismantled and allowed to degrade for many decades. They know they have to break us to make us go along with their One World plan. We’ve been like frogs in the boiling pot. They’re turning up the heat, it will get much worse. Americans will be competing with labor around the world. We are being turned into serfs and slaves slowly. The Chinese & Russia will fight over a divided America in the same way that Africa is torn apart by other countries now. They’ve culled the population around the world, I believe they think it’s Americas turn to be culled.

  • XSANDIEGOCA

    Buy American. I know it is hard to do these days but if we shift just 5% of our consumption to a made in USA brand, we add 1MM jobs to our work force. Failing that, we must impose tariffs. We can not compete with people making $2/day. Can’t be done. Finally, kill the Immigration Bill in the crib. If that goes down, we are truly toast and it will not make any difference who is in charge.

  • Richard O. Mann

    It really is too late already. There is no way we can recover from 17+ trillion dollars in debt. The only fix is a complex crash and burn with a start over. But, even that would lead to a whole new world and the US would not be a major player.

    • Mondobeyondo

      That may ultimately be the only solution – unfortunately, the end result for the U.S. may well be… the first 3 words of this article.

  • 2Gary2

    Had Obama sided with the populace on the bailout and given the money to
    the people instead, had Obama not crawled for Wall Street, had Obama
    given us Medicare for All / Single Payer instead of legally tying us to
    health insurance instead of abusive, for-profit-only health care, had
    Obama not picked up where Dubya left off with American imperialistic war
    policies, had Obama not thumbed his nose at the Constitution going all
    the way back to the FISA vote, had Obama told Holder to prosecute the
    Wall Street criminals, had Obama not sold us out to the corporations and
    things like TPP, Keystone, a re-ratification of NAFTA, secret G-Summits
    pushing for global “austerity”, etc., … he would have had his base
    with him and he probably would have become the greatest president this
    country has known as a person of color. But he sold the people out at
    the behest of and to the benefit of the corporations and now the
    chickens have come home to roost. If corporations are people, we have
    stepped backwards into the 19th century plantation enforcers as our
    overseers with vicious, ruthless, corporate plantation owners as our
    guardians.

    • Veteran butt pirate

      Bile.

  • piccadillybabe

    Everything we produce in this country has an exceptionally high price tag because workers in the US of A expect to make $20-$30/hour. Recently, I have seen the made in the USA stamp on some products that were competitively priced but still not as low priced as foreign made. When you are having a hard time making ends meet or are on a fixed income, what product are you going to grab?

    Now that we are a global economy, we have to compete with the rest of em for excellence in quality as well as cost to the consumer. Even today, look at the problems GM has had with their vehicles, recall after recall with lots of safety issues. Here in America, we are more concerned with profit and less concerned with quality and safety.
    To compete with our global partners, we have to start thinking like them but the questions are: Are we capable? Have we lost our edge?
    I have noticed one country that puts out excellent quality clothing and when I see made in Vietnam and the price is right I consider it a very lucky find.

  • old fart

    You are trying to close the Barn door long after the cows have excaped, Our economy is a failure. The business taxes are the highest in the world and will keep out any Business that might return. We are reaping the government that we deserve
    If you really need a clue then check the Import Export figures we have been buying way more that we have been selling For many years, China holds more that a trillion of our debt and are buying up American Farms Hotels, Business, Roads Horse stables and Homes with our dollars.

    • rentslave

      Red China will be able to buy up a lot more farmland soon when the New Jersey horse farms go out of business due to the judge who took a bribe from Goodell not to allow sports betting at the NJ tracks.

  • Firstgarden

    Say what?

  • mike

    In the 1930s the countries of the world responded to difficult economic circumstances by erecting trade barriers to defend domestic industries against international competition which resulted in a global slump and ended in World War Two. The answer to our problems is a culture that promotes cooperation and personal empowerment, that requires each citizen to participate in decision making on a daily basis, or participative democracy. Corporate greed has led us here but it cannot lead us further. We can die here or learn to adapt our thinking and behavior.

  • CharlesH

    Americans will care once you take away their smart phones, Facebook, Twitter and Instagram. Of course the first 30 days will be wasted because they’ll be experiencing withdrawal. Americans, on average, are too self-absorbed to care about anything more than 3 meters out.

  • whteshark

    “We abandoned economic nationalism for globalism. We cast aside fiscal prudence for partisan bidding for voting blocs. We ballooned our welfare state to rival the socialist states of Europe. And we launched a crusade for democracy that has us tied down in two decade-long south Asian wars.”

    Patrick Buchanan

    Suicide of a Superpower: Will America Survive to 2025?

  • Walgaren

    80 comments.

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