Free Trade

NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy

NAFTA LogoBack in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country.  When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration.  Ross Perot warned that just the opposite would happen.  He warned that if NAFTA was implemented there would be a “giant sucking sound” as thousands of businesses and millions of jobs left this country.  Most Americans chose to believe Bill Clinton.  Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong.  But now history is repeating itself, and most Americans don’t even realize that it is happening.  As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called “NAFTA on steroids”, and if Congress adopts it we could lose millions more good paying jobs.

It amazes me how the American people can fall for the same lies over and over again.  The lies that serial liar Barack Obama is telling about “free trade” and the globalization of the economy are the same lies that Bill Clinton was telling back in the early 1990s.  The following is an excerpt from a recent interview with Paul Craig Roberts…

I remember in the 90′s when former Presidential candidate Ross Perot emphatically stated that NAFTA (North American Free Trade Agreement) would create a giant “sucking sound” of jobs being extracted away from the U.S.  He did not win the election, and NAFTA was instituted on Jan. 1, 1994. Now, 20 years later, we see the result of all the jobs that have been “sucked away” to other countries.

According to an article by the Economic Policy Institute on 1/3/14:

“Clinton and his collaborators promised that the deal would bring “good-paying American jobs,” a rising trade surplus with Mexico, and a dramatic reduction in illegal immigration. Considering that thousands of kids are pouring over the border as we speak, well, how’d that work out for us?

Many Americans like to remember Bill Clinton as a “great president” for some reason.  Well, it turns out that he was completely and totally wrong about NAFTA.  The following are 20 facts that show how NAFTA is destroying the economy…

#1 More than 845,000 American workers have been officially certified for Trade Adjustment Assistance because they lost their jobs due to imports from Mexico or Canada or because their factories were relocated to those nations.

#2 Overall, it is estimated that NAFTA has cost us well over a million jobs.

#3 U.S. manufacturers pay Mexican workers just a little over a dollar an hour to do jobs that American workers used to do.

#4 The number of illegal immigrants living in the United States has more than doubled since the implementation of NAFTA.

#5 In the year before NAFTA, the U.S. had a trade surplus with Mexico and the trade deficit with Canada was only 29.6 billion dollars.  Last year, the U.S. had a combined trade deficit with Mexico and Canada of 177 billion dollars.

#6 It has been estimated that the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas.

#7 One professor has estimated that cutting the total U.S. trade deficit in half would create 5 million more jobs in the United States.

#8 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.  In fact, many of them are now being built in Mexico.

#9 NAFTA hasn’t worked out very well for Mexico either.  Since 1994, the average yearly rate of economic growth in Mexico has been less than one percent.

#10 The exporting of massive amounts of government-subsidized U.S. corn down into Mexico has destroyed more than a million Mexican jobs and has helped fuel the continual rise in the number of illegal immigrants coming north.

#11 Someone making minimum wage in Mexico today can buy 38 percent fewer consumer goods than the day before NAFTA went into effect.

#12 Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

#13 Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs.  Today, only about 9 percent of the jobs in the United States are manufacturing jobs.

#14 We have fewer Americans working in manufacturing today than we did in 1950 even though our population has more than doubled since then.

#15 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, only 65 percent of all men in the United States have jobs.

#16 As I wrote about recently, one out of every six men in their prime working years (25 to 54) do not have a job at this point.

#17 Because we have shipped millions of jobs overseas, the competition for the jobs that remain has become extremely intense and this has put downward pressure on wages.  Right now, half the country makes $27,520 a year or less from their jobs.

#18 When adults cannot get decent jobs, it is often children that suffer the most.  It is hard to believe, but more than one out of every five children in the United States is living in poverty in 2014.

#19 In 1994, only 27 million Americans were on food stamps.  Today, more than 46 million Americans are on food stamps.

#20 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

For much more on this, please watch the video by Charlie LeDuff posted below.  It is well worth a few minutes of your time…

So if NAFTA is so bad for American workers, then why don’t our politicians just repeal it?

Well, unfortunately most of them are not willing to do this because it is part of a larger agenda.  For decades, politicians from both major political parties have been working to slowly integrate North America.  The eventual goal is to turn North America into another version of the European Union.

Just check out what former general and CIA chief David Petraeus had to say about this…

“After America comes North America,” Petraeus said confidently in answering the question about what comes after the United States, the theme of the panel discussion. “Are we on the threshold of the North American decade, question mark? I threw that away — threw away the question mark — and boldly proclaimed the coming North American decade, says the title now.” He also boasted about how the three economies have been put “together” over the last 20 years as part of the “implementation” of the North American Free Trade Act.

The “highly integrated” forces of Canada, the United States, and Mexico, Petraeus continued, will become the world’s powerhouse for energy and science. “There are four revolutions that are ongoing at various levels in each of the countries but foremost in the United States,” said the former CIA chief, who now serves as chairman of the KKR Global Institute. “The energy revolution is the first of those, which has created the biggest change in geopolitics since the rise of China since 1978.” The other “revolutions” include IT, manufacturing, and life sciences, which, “as highly integrated as they are, allow you to argue that after America comes North America,” he added.

When you hear our politicians talk about “free trade”, what they are really talking about is integrating us even further into the emerging one world economic system.  And over the past couple of years, Barack Obama has been negotiating a secret treaty which would send the deindustrialization of America into overdrive.  The formal name of this secret agreement is “the Trans-Pacific Partnership”, and it would ultimately result in millions more good jobs being sent to the other side of the planet where it is legal to pay slave labor wages.  The following is a description of this insidious treaty from one of my previous articles…

Did you know that the Obama administration is negotiating a super secret “trade agreement” that is so sensitive that he isn’t even allowing members of Congress to see it?  The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so much more than just a trade agreement.  This treaty has 29 chapters, but only 5 of them have to do with trade.  Most Americans don’t realize this, but this treaty will fundamentally change our laws regarding Internet freedom, health care, the trading of derivatives, copyright issues, food safety, environmental standards, civil liberties and so much more.  It will also merge the United States far more deeply into the emerging one world economic system.  Initially, twelve nations will be a party to this treaty including the United States, Mexico, Canada, Japan, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.  Together, those nations represent approximately 40 percent of global GDP.  It is hoped that additional nations such as the Philippines, Thailand and Colombia will join the treaty later on.

Unfortunately, most Americans are as uneducated about these issues as they were back in 1994.

That is why we need to get this information out to as many people as we can.

So what is your perspective on all of this?  Please feel free to share your thoughts by posting a comment below…

Obama And Romney Both Favor A One World Economic System That Kills American Jobs

Either way this election turns out, American jobs are going to continue to get slaughtered by the millions.  During this campaign, Mitt Romney and Barack Obama have both attempted to portray each other as the “outsourcer in chief“.  Unfortunately, they are both right.  Barack Obama and Mitt Romney have both participated in the outsourcing of American jobs, and both are openly admitting to the American people that they favor the emerging one world economic system which will continue to destroy millions of American jobs.  In fact, they argue with each other about which of them will be more aggressive in pursuing more “free trade” agreements over the next four years.  Unfortunately, the “free trade” agreements that the U.S. government enters into are never “fair trade” agreements.  As a result, over the past decade we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of national wealth.  This year alone, we will buy about half a trillion dollars more stuff from the rest of the world than they will buy from us.  This trade deficit will be about 7 times larger than the trade deficit of any other nation on earth.  Our economy will continue to bleed jobs at a horrifying pace, but Obama and Romney insist that the answer to our problems is even more “free trade”.  What makes all of this even more dreadful is that most Americans continue to fall for this nonsense.

It doesn’t take a genius to figure out that merging our labor pool with the labor pools of nations where it is legal to pay slave labor wages was going to kill American jobs and drive down wages for the jobs that remain in the United States.

Why should some giant predator corporation pay you 15 dollars an hour plus benefits when they can pay a worker on the other side of the planet a dollar an hour with no benefits to do the same job?

During the second presidential debate, when Obama was asked why high tech products such as the iPhone could not be made here in the United States, Obama openly admitted that there are some jobs that aren’t ever going to come back.

But why does that have to be so?

Why can’t those jobs come back to America?

It seems to me that if you cracked down on nations that are cheating such as China, imposed a system of common sense tariffs and cut the corporate tax rate to a level more consistent with the rest of the world that you could get a lot of those jobs flooding back in by the end of next year.

But Obama is so blinded by his faith in the emerging one world economy that such measures are unimaginable to him.

In recent years, the Obama administration has entered into new “free trade” agreements with Panama, South Korea and Colombia.  In addition, the Obama administration is making the Trans-Pacific Partnership (“the NAFTA of the Pacific“) a very high priority.

Considering what a nightmare the first NAFTA was, do we really need another one?

The Trans-Pacific Partnership is a treaty that would essentially ban all “Buy American” laws.  It is being touted as one of the most comprehensive “free trade” agreements in history, and it would open up the door for millions more good jobs to be shipped out of the country.

The workers of America simply cannot afford another four years of Barack Obama.

In fact, the Obama administration has actually spent billions of taxpayer dollars to create jobs in other countries.  The following is from a pro-Republican website…

Over his four years in office, Obama promised that he would focus on creating “jobs that pay well and can’t be outsourced.” However, as he racked up trillions in new debt, billions of dollars did go to create jobs that were outsourced or spent overseas. Whether it is electric cars made in Finland or solar panels in Mexico, taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren’t created in the United States.

You can get all the details right here.  Needless to say, the Obama administration has been an absolute disaster on these issues.

So would Romney be an improvement when it comes to trade?

That is very doubtful.

The truth is that Mitt Romney was involved in outsourcing jobs while he was at Bain Capital.  The following is from a recent article posted on Forbes.com…

David Corn of Mother Jones reports that “according to government documents . . . Romney, when he was in charge of Bain [Capital], invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.”

This didn’t happen after 1999, when Mitt Romney says he left Bain Capital to run the Salt Lake City Olympics (Corn was one of the first reporters to raise questions, now gaining wide exposure, of whether Romney really left Bain then), but the year before. On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate of which Romney was the sole shareholder, sole director, president, and chief executive, invested an estimated $14.2 million in Global-Tech, an appliance maker in Dongguan, China. Global-Tech made products for American companies like Sunbeam, Hamilton Beach, Mr. Coffee, and Proctor-Silex. In September 1998 Global-Tech’s CEO announced that the company was postponing a factory expansion because Sunbeam was slowing its rate of outsourcing, and said, “Although it appears that customers such as Sunbeam are not outsourcing their manufacturing as quickly as we had anticipated, we still believe that the long-term trend toward outsourcing will continue.”

Since Romney left, Bain Capital has become even more aggressive with outsourcing jobs.  In fact, Bain Capital has been forcing American workers to train their Chinese replacements even in the midst of this campaign.  Aren’t they concerned that they are making their former boss look bad?  The following is from an article written by an American worker that is having his job shipped to China by Bain Capital…

On Monday, November 5th Bain Capital is outsourcing my job to China. On Tuesday, November 6th I’m casting my vote against Mitt Romney.

Yes, I blame Mitt Romney for the loss of my job. Here’s why.

I’ve worked at the same factory in Freeport, Ill. for thirty-three years, making sensors and controls for the auto industry. It’s tough work, but it pays a living wage with health benefits that folks can count on, and it fuels our town’s economy and tax base.

That’s been changing since Bain Capital came to town. Two years ago, our factory was sold to Sensata Technologies, a company created by Bain Capital, and they told us that by December 2012, all 170 of our jobs would be shipped to China. They even made us train our Chinese replacements.

Layoff notices have been sent out, and some folks have already been laid off. Where there was once lots of people and energy and life, now there’s only the discoloration on the floor where the machinery used to be. It’s depressing. They’re not just dismantling the equipment and the plant; they’re dismantling our community.

All of this outsourcing is killing America.

Back in 1950, the population of this country was less than half of what it is now, and yet there were more Americans working in manufacturing back in 1950 than there are today.

The decline in manufacturing jobs in the United States has been really dramatic since the year 2000.

In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million…

I think that it is interesting to note that China joined the WTO in 2001.  Since that time we have been losing jobs to them at an astounding pace.  According to a new report by the Economic Policy Institute, U.S. trade with China “cost more than 2.7 million jobs between 2001 and 2011”.

The Chinese slap huge tariffs on many of our goods, they manipulate currency rates to make sure that U.S. companies cannot compete, they steal our intellectual property and they deeply subsidize their own businesses.

And yet Obama and Romney insist that this is “free trade”.

What a joke.

And our tax structure is absolutely killing us as well.  The following is from a recent article by Ernest F. Hollings…

A U.S. manufacturer exporting to China pays the 35% Corporate Tax and a 17% VAT when its exports reach Shanghai.  A China manufacturer exports tax free to the U.S.

Are you starting to get the picture?

Our trade policy is a complete and total disaster, and yet Obama and Romney continue to insist that we just need to become even more integrated with the emerging one world economic system.

Well, in a previous article I listed 22 statistics which prove that the current path that we are on has been absolutely disastrous for American workers…

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.

#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.

#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.

#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article….

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an “m”) for the entire year.

#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

#13 The United States has lost more than 56,000 manufacturing facilities since 2001.

#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.

#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.

#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.

#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are “good jobs” at this point.

#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.

#22 In recent years the U.S. economy has embraced “free trade” and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history….

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

At this point, more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are low paying jobs.

Median household income has fallen for four years in a row.  In fact, median household income is down by more than $4000 since Barack Obama entered the White House.

One recent survey found that about 40 percent of all Americans have $500 or less in savings.  We are a country that is full of broke people.

What we need are more good jobs.  But Obama and Romney are both determined to keep shipping good jobs out of the country.

The path that we are on will only lead to disaster.  Please wake up America.

22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers

For decades our politicians have promised us that the “free trade” agenda would bring us greater prosperity than ever before.  They insisted that merging our economy into the emerging one world economy would cause millions upon millions of new jobs to be added to the U.S. economy.  Unfortunately, it was all a giant lie.  Trading with other countries is not a bad thing as long as the level of trade is fairly equal on both sides.  When trade becomes very unequal, the consequences can be absolutely catastrophic.  Since 1975, the United States has bought more than 8 trillion dollars more stuff from the rest of the world than they have bought from us.  We are the only economy on earth that could have had 8 trillion dollars drained out of it and still be standing.  Instead of leaving the country, those 8 trillion dollars could have gone to U.S. businesses and U.S. workers.  If we could go back and have a “do over”, how much more prosperous would we be today if we had kept that 8 trillion dollars inside the country?

But instead of pursuing a balanced trade philosophy, our politicians were so enamored with the emerging one world economy that they threw all caution to the wind.

So we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth.

And this emerging one world economy is absolutely killing American workers.  It lumps them into a global labor pool with workers in other countries where it is legal to pay slave labor wages.

Just think of it this way.  Imagine that you are a giant corporation that makes “widgets”.  You can make them in the United States, but you would have to pay your workers about $10 an hour, provide them with a whole bunch of benefits, pay very high taxes, and comply with a dizzying array of laws, rules and regulations.

Or, you could set up shop on the other side of the world where you could pay your workers a dollar an hour.  Those workers would receive no benefits and you would have to deal with very little red tape.

Which would you choose?

The “giant sucking sound” that Ross Perot once warned us about has become a reality.  Big employers are competing with one another to see who can outsource jobs the fastest, and American workers are the big losers in all of this.

As I wrote about the other day, right now there are some American workers that are actually personally training their replacements from overseas how to do their jobs.

If nothing is done about this, jobs are going to continue to pour out of high wage countries such as the United States and into low wage countries on the other side of the globe, and big corporations are going to keep laughing all the way to the bank as unemployment in America gets even worse.

The following are 22 stats that show how the emerging one world economy is absolutely killing American workers….

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.

#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.

#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.  This is one reason why our national debt is getting ready to cross the 16 trillion dollar mark.

#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article….

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an “m”) for the entire year.

#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

#13 The United States has lost more than 56,000 manufacturing facilities since 2001.

#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.

#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.

#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.

#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are “good jobs” at this point.

#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.

#22 In recent years the U.S. economy has embraced “free trade” and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history….

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

Sometimes a picture is worth a thousand words.

You can get a really good idea of how nightmarish the manufacturing job losses have been in the United States over the past 40 years by checking out this map right here.

And if everything posted above was not bad enough, some U.S. companies even find themselves competing with slave labor here in the United States.

Seriously.

Prison labor is absolutely destroying some businesses here in America.  The following comes from a recent CNN article….

Unicor is a government-run enterprise that employs over 13,000 inmates — at wages as low as 23 cents an hour — to make goods for the Pentagon and other federal agencies.

With some exceptions, Unicor gets first dibs on federal contracts over private companies as long as its bid is comparable in price, quantity and delivery. In other words: If Unicor wants a contract, it gets it.

One company that tries to compete with Unicor has been forced to lay off 150 people over the years because they lose so many contracts to them….

Wilson has been competing with Unicor for 20 years. He’s an executive at American Apparel Inc., an Alabama company that makes military uniforms. (It is not affiliated with the international retailer of the same name.) He has gone head-to-head with Unicor on just about every product his company makes — and said he has laid off 150 people over the years as a result.

“We pay employees $9 on average,” Wilson said. “They get full medical insurance, 401(k) plans and paid vacation. Yet we’re competing against a federal program that doesn’t pay any of that.”

But this is also the kind of thing that U.S. companies are dealing with when they try to compete with big corporations that are exploiting cheap labor abroad.

If you are spending ten times as much on labor as your competitor is, it is going to be really hard to survive.

That is why it has become so hard to find products that are made in America.

Most of our jobs these days are low paying “service jobs”, cushy government jobs or jobs where people push papers around all day.

But those kinds of jobs do not create lasting wealth for a country.

Did you know that there are more tax preparers in the United States than there are police officers and firefighters combined?

Our economy is a giant mirage.  We consume way more wealth than we produce, but we are able to keep the party going because we are riding the biggest debt spiral the world has ever seen.

But at some point the debt spiral is going to end and the crash is going to come.

Until then, however, those at the very top are still really enjoying themselves.

For example, one of the latest trends is for rich kids to show off pictures of themselves enjoying their enormous wealth on Instagram.

Something has gone very, very wrong with this country.

So what do you think about all this?  Please feel free to post a comment with your thoughts below….

Is Obama Negotiating A Treaty That Would Essentially Ban All “Buy American” Laws?

69 members of the U.S. House of Representatives have sent Barack Obama a letter expressing their concern that a new international treaty currently being negotiated would essentially ban all “Buy American” laws.  This new treaty is known as the Trans-Pacific Partnership, and it is going to be one of the biggest “free trade” agreements in history.  Critics are referring to it as the “NAFTA of the Pacific“, and it would likely cost the U.S. economy even more jobs than NAFTA did.  At the moment, the Trans-Pacific Partnership includes Brunei, Chile, New Zealand and Singapore.  Barack Obama is pushing hard to get the United States into the TPP, and Australia, Peru, Malaysia, Vietnam, Canada, Japan and South Korea are also reportedly interested in joining.  But quite a few members of Congress have heard that “Buy American” laws will essentially be banned under this agreement, and this has many of them very concerned.  You can read the entire letter that was sent to Obama right here.  Unfortunately, the leaders of both major political parties are overwhelmingly in favor of the Trans-Pacific Partnership, so the objections of these 69 members of Congress are likely to fall on deaf ears.  The Trans-Pacific Partnership will accelerate the flow of American jobs out of this country, and meanwhile our politicians will continue to insist that they are doing everything that they can to “create jobs”.

There is not much protecting American jobs these days.  The “Buy American” laws are one of the last remaining barriers that helps protect against much, much cheaper foreign labor, but now “Buy American” laws are in danger of being banned permanently as a recent article in the Huffington Post explained….

Since the 1930s, the American government has offered preferential treatment to American producers in the awarding of federal contracts. If a domestic producer offers the government a more expensive bid than a foreign producer, it can still be awarded the contract under certain circumstances, but more recent free trade agreements have granted other nations the same negotiating status as domestic firms. The Obama administration is currently pushing to grant the several nations involved in the Trans-Pacific deal the same privileged status, according to the Thursday letter.

The big problem is that foreign companies often have huge advantages over firms based in America.

In the United States, we have minimum-wage laws.  On the other side of the globe, it is legal to pay workers less than a dollar an hour with no benefits.

In the United States, we have thousands upon thousands of laws and regulations that businesses must comply with.  On the other side of the globe, there is often very little red tape.

The truth is that “free trade” is a really bad deal for the average American worker.  In the emerging one world economic system, labor has become a global commodity and U.S. workers must now compete for jobs with people on the other side of the planet.

Since U.S. workers are often 10 to 20 times more expensive than workers on the other side of the world, there has been a massive outflow of jobs from this country.  Treaties such as the Trans-Pacific Partnership will accelerate those job losses.

You would think that our politicians would notice that our formerly great manufacturing cities are turning into hellholes.

For example, the following is how James Kunstler described what he saw when he traveled through Gary, Indiana recently….

Between the ghostly remnants of factories stood a score of small cities and  neighborhoods where the immigrants settled five generations ago. A lot of it was foreclosed and shuttered. They were places of such stunning, relentless dreariness that you felt depressed just imagining how depressed the remaining denizens of these endless blocks of run-down shoebox houses must feel. Judging from the frequency of taquerias in the 1950s-vintage strip-malls, one inferred that the old Eastern European population had been lately supplanted by a new wave of Mexicans. They had inherited an infrastructure for daily life that was utterly devoid of conscious artistry when it was new, and now had the special patina of supernatural rot over it that only comes from materials not found in nature disintegrating in surprising and unexpected ways, sometimes even sublimely, like the sheen of an oil slick on water at a certain angle to the sun. There was a Chernobyl-like grandeur to it, as of the longed-for end of something enormous that hadn’t worked out well.

The economic guts of this country are being ripped to shreds right in front of our eyes.

Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.

That number is so crazy that it is hard to fully grasp.

The truth is that the “free trade” agenda of globalists such as Barack Obama is absolutely devastating our economy.

There are hundreds of statistics which prove this.  I don’t have space in this article to reproduce them all, but if you are interested in examining many of them I recommend checking out the following articles….

1) 35 Facts About The Gutting Of America’s Industrial Might That Should Make You Very Angry

2) 47 Signs That China Is Absolutely Destroying America On The Global Economic Stage

3) America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed

4) 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe

5) If You Are A Blue Collar Worker In America You Are An Endangered Species

6) The Worst In The World – The U.S. Balance Of Trade Is Mind-Blowingly Bad

7) Free Trade Or Fair Trade? 20 Reasons Why All Americans Should Be Against The Insane Trade Policies Of The Globalists

When you combine a market that has expensive labor with markets that have ultra-cheap labor, it is inevitable that large numbers of jobs will migrate to the areas that have the ultra-cheap labor.

This isn’t rocket science.

That is why “Buy American” laws are such a good thing.  They help to protect American jobs.

But even if you do not work in an industry where large numbers of jobs are being sent out of the country, the loss of jobs still affects you.  The millions of Americans that are being displaced from jobs that have been sent overseas end up applying for other kinds of jobs.  So they become your competition.  This increases the demand for the jobs that remain and it keeps wages down.

As I wrote about the other day, 95 percent of the jobs lost during the last recession were middle class jobs.  Many of those jobs have been replaced by low income jobs, but you can’t support a family on a low income job.

The Obama administration tells us that the unemployment rate is going down, but the truth is that there are now almost 101 million working age Americans that do not have jobs.

Instead of looking at the “unemployment rate” which is manipulated so much, what I prefer to do is to look at the “employment rate“.  And sadly, the percentage of Americans with a job has been steadily declining.  The following are the percentages of working age Americans with a job during April during the past six years….

April 2007: 63.0%

April 2008: 62.7%

April 2009: 59.8%

April 2010: 58.7%

April 2011: 58.4%

April 2012: 58.4%

Some Americans have decided to escape the lousy job market by going back to school.  Others have decided to retire early.  Yet others have decided to become full-time dependents of the government, and a shocking number have decided to try to get on to the Social Security disability rolls.

But most Americans that are unemployed just want to get back to work.  Many suffer in complete anonymity and many never take a single penny from the government.  They just want someone to hire them so that they can put in an honest day of work for an honest day of pay once again.

Even if you still have a good job, it could be gone tomorrow.  This point was underscored by a comment that a reader identified as “DaytoDay” left on a recent article….

Well, I can relate to this, I just lost my job Tuesday. I worked for Uhaul and on the DAY that I became eligible for my benefits and 401k they canned me, exactly 90 days.

So, it’s just another reminder that those who work for corporations are nothing more than numbers. It’s sad reality, they don’t care if you have a family to feed, they don’t care about your bills, and they damn sure don’t care about quality…

I was notified while working, and was instantly let go, up until that point, there had been no warnings, no emails, no conferences, nothing… They simply fired me to avoid paying the benefits and 401k that was would have been entitled to.

And to think, this is the reward for being a good hard worker?

Other Americans are not able to find any work at all.  This is especially true for young Americans.  Millions upon millions of hard working Americans are graduating from college only to find that the “real world” can be very cruel.

For example, just check out the comment that a reader named “Simon” left on one of my recent articles….

I graduated from a top university just after the Collapse of 2008 (Class of ’09). I had already seen the number of customers at my college job go way down in that year. Got my four-year degree, had good grades, good work record. Now I live in south FL and I can’t even get a job in fast food, there is so much competition for minimum-wage jobs. No one wants to hire me to wait tables or bag groceries because I have a prestigious degree. The only thing I got out of college was 10 grand in debt, which is actually quite small (I came from a poor family, so I got a lot of free tuition to bribe me to be part of the university indoctrination). Good thing I defaulted on my loans a year or two ago or I would be in worse trouble. I just throw out all their threatening letters and never answer their calls- my friend told me it would work, and it did. Of course I’m no longer a “good citizen”- I don’t earn money, don’t pay taxes, don’t have health insurance, my credit is horrible, I’ll never buy a home or a new car—but who cares?

Millions of other Americans that have lost their jobs have been forced to take whatever they can get.  A reader identified as “Gary2” recently left a comment on one of my articles describing what his family has been through….

Check this out—I had 12 years as a good worker (regional manager level position) several promotions-steller reviews-which I kept copies of BTW) regular good pay increases heck I even saved a persons life, got a big award plack for it, pictures with everyone etc and 4 months later was downsized–no warning no thanks for helping them pass many JACHO inspections (I was a regional manager for a hospital chain) nothing. Just that we decided to outsource your entire department and that you are no longer needed.

So now I get to be grossly underemployed making 1/2 of what I used to make with NO benefits. My wife is no longer a stay at home raise the kids mom and is also working. Together we still make less than I did on my own. This sucks.

As millions upon millions of Americans suffer deeply month after month, it is creating a volcano of anger and frustration that could absolutely devastate our society at some point.  A reader identified as “Cinderella Man” left the following comment on a recent article….

If anyone thinks that almost 50 million Americans on food stamps is a sign of recovery and pardon my language but you have **** for brains. The other day I went shopping and I spent $170 on my ten bags of food and I watched a man and his daughter ring up ten packs of cheap balogna he meekly asked the clerk if those were the 10 for 10 deal and she said yes. Then the Dad said to the daughter “I hope you like it were going to be eating it till we bust!” This is what our world has come to. A man is feeding his kid trying to stretch their meager food stamp budget by eating balogna for several meals. I couldnt help but think of the movie of my namesake Cinderella Man with Russell Crowe when his wife was frying balogna for every meal back during the first Great Depression. Ive seen it all in these past 4 years. From beautiful women in souplines and ****** hotels to living in my car and watching inflation destroy all of our lives. We are all 9 meals from anarchy.

Sadly, thousands upon thousands more good jobs are being lost each and every month.

But our politicians continue to integrate us even more deeply into the emerging one world economic system.  Huge numbers of jobs will continue to leave this nation and the standard of living for most American workers will continue to decline.

So have any of you ever had your job shipped out of the country?  Feel free to post a comment with your thoughts below….

There Is Not Going To Be A Solution To Our Economic Problems On The National Level

For those waiting for our economic problems to be solved, you can quit holding your breath.  There is simply not going to be a solution to our economic problems on the national level.  So why is that the case?  Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them.  Yes, that statement may sound downright bizarre to many Americans, but it is true.  Both major political parties supported the Wall Street bailouts, both of them fully support the job-killing “free trade” globalization agenda, both of them have dramatically increased the national debt when in power, both of them fully support the currency-killing policies of the Federal Reserve, and neither major political party would get rid of the income tax and the IRS.  And that is just for starters.  Yes, there are some minor differences when it comes to taxing and spending between the two parties, but the truth is that they are a lot more similar on economic issues than they are different.  What we desperately need on the national level is a fundamental change in direction when it comes to economic policy, but we simply are not going to get that from either the Democrats or the Republicans.  That means that there is no hope that the economic storm that is coming will be averted.

So why are the Democrats and the Republicans so similar on these issues?  Well, a big reason is because of who they are trying to please.

The reality of the matter is that most politicians do not really care about what you or I have to say.  Instead, what they are really concerned about is getting as much money for their campaigns as possible so that they can keep getting elected.

When you take a close look at the results of federal elections over the past several decades, it quickly becomes apparent that the candidate that raises the most money almost always wins.

So most politicians have learned to please those that fund their campaigns so that the money will keep rolling in.

Yes, there are a few candidates that are willing to rebel against “the system”, but they are few and far between and the major parties tend to marginalize them.

Once again in 2012, political races will overwhelmingly be won by those that raise the most cash.  The following is from Politifact….

In congressional races in 2010, the candidate who spent the most won 85 percent of the House races and 83 percent of the Senate races, according to the Center for Responsive Politics. That’s a large percentage, but it’s lower than what the sign indicated.

Indeed, the percentage for 2010 was lower than it had been in recent election cycles. The center found that in 2008, the biggest spenders won 93 percent of House races and 86 percent of Senate races. In 2006, the top spenders won 94 percent of House races and 73 percent of Senate races. And in 2004, 98 percent of House seats went to candidates who spent the most, as did 88 percent of Senate seats.

Once you understand how Washington works, it becomes easier to understand why our politicians do such stupid things.

For example, big corporations tend to donate large amounts of money to political campaigns and they love the “free trade” globalization agenda.

They love to import massive quantities of super cheap foreign goods so that they can undercut the prices of goods made in the United States.

They love to set up manufacturing facilities on the other side of the globe where it is legal to pay slave labor wages to workers.

The “free trade” agenda is great for the largest corporations, but it is horrible for the average American worker.

According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.

Trade with other countries can be good as long as it is balanced.  Unfortunately, the U.S. trading relationship with the rest of the world is tremendously imbalanced.

In 2011, the United States bought more than 550 billion dollars more stuff from the rest of the world than they bought from us.

This trade deficit has enormous consequences that most Americans simply do not understand.

Over the past decade, tens of thousands of businesses, millions of jobs and trillions of dollars have left our country.

Our industrial base is being dismantled and we are rapidly becoming poorer as a nation.

According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities a day closed down in the United States during 2010.

Just think about that.

Every single day we lost 23 more.

Overall, America has lost a total of more than 56,000 manufacturing facilities since 2001.

Why do you think cities like Detroit are dying?

The truth is that we killed them with our idiotic policies.

America has a trade imbalance that is more than 5 times larger than any other nation on earth has.  We are losing wealth, jobs and businesses at a pace that is absolutely astounding.

It is neither “conservative” nor “liberal” to commit national economic suicide.

Our trade imbalance with China is particularly bad.  The U.S. spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

Does that sound fair to you?

China slaps huge tariffs on many of our products, they deeply subsidize their own national industries, the brazenly steal technology from us, and they manipulate currency rates so that their products end up being significantly cheaper than ours.

Our trade deficit with China in 2011 was nearly 300 billion dollars.  That was the largest trade deficit that one country has had with another country in the history of the world.

Yet both major political parties refuse to do anything about it.

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

In 2011, our trade deficit with China was more than 49,000 times larger.

The consequences of this trade deficit with China are being felt all over the United States every single day.

For example, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

Do you support losing more than half a million manufacturing jobs a year?

If not, then you should be for “fair trade” instead of “free trade” where other nations can cheat us blind as often as they want.

The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.

Do you think that the U.S. economy could use an extra 2.8 million jobs right now?

Sadly, if current trends continue things are going to get a lot worse.

According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

So why won’t our politicians do something?

The United States has run a trade deficit every single year since 1976.

During that time, America has had a total trade imbalance of more than 7.5 trillion dollars with the rest of the world.

That 7.5 trillion dollars could have gone to support U.S. jobs and U.S. businesses.

Taxes could have been paid on that 7.5 trillion dollars.

Instead, it went out of the country and made foreigners wealthier.

So what is Barack Obama doing about all of this?

Well, Obama has been aggressively pushing for even more “free trade” agreements.  The Obama administration has inked deals with Panama, South Korea and Colombia and the Obama administration is making the Trans-Pacific Partnership (“the NAFTA of the Pacific“) a very high priority.

Well, Mitt Romney must be criticizing these moves, right?

No, Romney has actually criticized Obama for not pushing for more “free trade” fast enough.

Mitt Romney wants to make it even easier for jobs to go out of the country and for other countries to drain our wealth.  The following quote comes directly from the Romney campaign website….

Access to foreign markets is crucial to growing our economy. We must reassert American leadership in international negotiations, follow through on commitments we have already made, and push aggressively for advantageous new agreements.

So we are not going to see a change in direction in trade policy no matter who wins the next election.

Well, what about the national debt?

Are there differences between the two parties on this issue?

Sadly, there are only minor differences.

Both major political parties are packed with big spenders that have been spending us into oblivion.

Since Barack Obama entered the White House, the U.S. national debt has increased by $5,027,761,476,484.56.

That comes to $16,043.39 for every man, woman and child living in the United States.

What the Obama administration and the Democrats are doing to future generations is absolutely criminal.

So what about the Republicans?

Well, when the Republicans have had control of the White House they have run up debt “like a drunken sailor” as well.

If the Republican Party wants to have any credibility when it comes to fiscal issues, it needs to publicly admit that George W. Bush was a horrible failure when it came to the federal budget.

George W. Bush was a “big government” politician that dramatically increased the size of the federal government and spent money like it was going out of style.

He was not a conservative when it came to fiscal issues, and that is the truth.

Sadly, neither political party is proposing to balance the federal budget any time soon.  There are a few politicians that have suggested doing this, but they have been marginalized.

So why don’t our politicians support living within our means?

Well, the truth is that if the federal government balanced the budget today, it would result in a catastrophic drop in living standards inside the United States.  We are currently living in an era of debt-fueled “false prosperity”, and if that false prosperity were to disappear there would be riots in the streets of our major cities within months.

It is much easier for our politicians to continue to pile up more debt and to continue to kick the can down the road.

But this party cannot go on too much longer.  Already, the United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

As you can see from the chart below, we are in a whole lot of trouble….

Our foolishness will catch up to us in a big way eventually.

Another area where the two major political parties agree is that they both fully support the Federal Reserve.

The Federal Reserve is supposed to keep inflation low, but the truth is that the Fed has absolutely killed the value of the U.S. dollar.  Just check out the chart below which was produced by the Fed itself.  It shows how dramatically the purchasing power of the U.S. dollar has declined over the years….

Keep in mind that the chart above is using official government numbers which actually downplay how much the U.S. dollar has been debased.

If inflation was measured the exact same way that it was back in 1980, the annual rate of inflation would be more than 10 percent right now.

By any measure, the Federal Reserve has been a colossal failure for the American people.  Since the Fed was created, our currency has lost more than 95 percent of its value and our national debt has gotten more than 5000 times larger.

The current Federal Reserve Chairman, Ben Bernanke, has a track record of failure that is legendary.  If you doubt this, just read this article, this article and this article.

But Barack Obama just loves Bernanke.  He nominated him for another term as Fed Chairman and he never criticizes anything that he does.

Thanks Obama.

So will things be any different under Mitt Romney?

Of course not.

During one Republican debate, Mitt Romney actually had the gall to try to explain to all of us why “we need to have a Fed“.

Mitt Romney says that he is “not going to take my effort and focus on the Federal Reserve“.

But the Federal Reserve is at the very heart of our economic problems.

Doesn’t Mitt Romney understand that?

The mainstream media is already telling us not to expect any significant changes at the Fed if Romney wins.  A recent Reuters article had the following headline….

“Analysis: A Romney win would likely change little at Federal Reserve”

Are you starting to understand why I am saying that there is not going to be a solution to our economic problems at the national level?

A great economic cataclysm is coming, and there is very little hope that it can be averted.

So what does that mean?

It means that we all need to start preparing to weather the coming storm on an individual level.

The nation as a whole may not change course, but as individuals and as families we can change course.

All of us can work to reduce our expenses, get out of debt, build up a six month financial cushion, learn to grow a garden and slowly become more independent of the system.

Both political parties are leading us down a road that will only end in economic disaster.

Instead of waiting for a “national solution” that is never going to come, you need to focus on being your own solution.

Time is short, so you better get ready.

Free Trade Or Fair Trade? 20 Reasons Why All Americans Should Be Against The Insane Trade Policies Of The Globalists

It is absolutely amazing how many Americans are still convinced that more “free trade” is the answer to our economic problems.  The truth is that there is a vast difference between “free trade” and “fair trade”, and in this article I will prove that all true conservatives and all true liberals should be completely against the insane trade policies of the federal government.  Yes, we will always need to trade with other nations.  Other nations make or have things that we need to trade for.  Balanced trade relationships with other nations that have similar economies and that share similar values can be very beneficial.  For example, our trading relationship with Canada, though not perfect, is generally beneficial to both sides.  However, the United States also has dozens of trading relationships that are highly destructive to the U.S. economy.  There are some predatory nations that are blatantly and openly cheating and everyone can see it.  They are getting away with bloody murder and they are robbing us blind.  The United States of America is being taken advantage of, and as a result thousands of good businesses are being destroyed and millions of good jobs are being lost.  If you are an American and you are in favor of all of the unfair trade that is currently going on, then either you don’t know much about economics or you actually want to see the U.S. economy be destroyed.

Congress has just passed new free trade agreements with South Korea, Colombia and Panama.  The Obama administration has also made “the NAFTA of the Pacific” a very high priority.

Obama says that all of these new trade pacts will create more U.S. jobs.

Well, either Barack Obama is completely ignorant when it comes to economics or else he is lying.

When we merge our economy with the economies of nations where wages are much lower, it is inevitable that large numbers of jobs are going to leave the high wage areas (where we live) and go to areas where wages are much lower.

It also certainly does not help that we have the highest corporate tax rate in the world, that we burden our businesses with mountains of ridiculous regulations,  and that we allow our “trade partners” to give their businesses a huge advantage by openly subsidizing them.

The way that the system is set up now, nearly all U.S. businesses are at a massive, massive disadvantage.  In general, the only businesses that can compete effectively in this environment are the giant corporations that can offshore huge portions of their operations.

If you are a conservative, then there is no way that you should support our current trade policies.  If you are a liberal, then there is no way that you should support our current trade policies.

However, if you are a “George W. Bush Republican” or a “Clinton/Obama Democrat” that believes in globalism and the establishment of a one world economy as part of a “New World Order”, then it would make sense why you would want to see America deindustrialized and brought down to the level of the rest of the world.

But if you are a true conservative or a true liberal, then the following are reasons why you should be horrified by our current trade policies….

#1 Other Nations Openly Manipulate Their Currencies In Order To Gain A Significant Competitive Advantage

For example, China keeps its currency set at a super low level relative to the U.S. dollar.  By doing this, their products are far cheaper than U.S. products, and U.S. businesses cannot compete with them.  This has resulted in the death of large numbers of U.S. businesses and the loss of millions of U.S. jobs.

So just how bad is this problem?  Well, a recent CNN article stated the following….

Critics of China’s policy estimate that the yuan is still undervalued by 25% to 40%, even with the recent rises in value.

The other day the U.S. Senate passed a bill that would impose tariffs on currency manipulators, and China has already retaliated, even though the bill has not become law yet and even though it almost certainly won’t.

China plays hardball.  They love the advantage that they are getting right now and they do not plan on losing it.

#2 Millions Of Good Paying Jobs Have Been Shipped Overseas And They Are Never Coming Back

Our politicians all try to tell us how good they are at creating jobs.

But what is the truth?

The truth is that a total of zero jobs were created last decade.  The following is a quote from a recent article in Washington Monthly….

“If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.”

Last decade we opened up our trade with the rest of the world more than ever before.  But instead of creating jobs it destroyed them.  Our trade deficits exploded and unemployment skyrocketed.

The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.

So if you are unemployed, that is probably what happened to the job you are supposed to have.

It went overseas and it is not coming back.

#3 America Is Being Deindustrialized At A Blistering Pace Thanks To Globalism

The advocates of “free trade” cannot dispute the cold, hard facts….

*The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

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

*If you can believe it, more than 42,000 manufacturing facilities in the United States have been closed down since 2001.

*Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

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

#4 (For Conservatives) True Conservatives Should Be Horrified That We Are Being Taken Advantage Of By A Hardcore Communist Nation That Hates Us

Ronald Reagan would have never engaged in “free trade” with the Soviet Union.  The Communist Party is in complete control of China and while we may regard China as a “frenemy”, they really do believe that they will totally defeat us someday.  If you doubt this, just read what the top generals and politicians in China are writing.

It is so incredibly stupid what we are doing.  Our trade relationship with China has enabled the largest communist economy in the world to go from third world status to superpower status.  China is now the second largest economy in the world, and that would have never happened without our help.

A lot of people like to talk about how “capitalist” China is becoming, but the truth is that they have never wavered from their pure belief in communism.  7 of the 10 largest corporations in China are owned by the government.

A host of other corporations in China are very deeply subsidized by the government.

U.S. businesses have a very hard time competing with foreign businesses that are deeply subsidized by their own national governments.

It is called cheating, and we let other countries get away with it.

So our businesses die and their products fill up our store shelves.

#5 We Are Endangering Our National Security By Greatly Enriching Our Biggest Potential Enemies

The biggest threats to the United States are not some goat herders hiding out in the caves of Afghanistan.

The biggest threats to the United States are actually China and Russia.

Conservatives are supposed to be the ones that are so concerned about national security.  But instead of expressing concerns about China, they just keep pushing for more free trade.

As a result, China has been able to become a true global military superpower.

Someday we will deeply, deeply regret that.

#6 China Brazenly Steals Technology From Anyone And Everyone That They Can

China gets away with bloody murder when it comes to stealing technology.  They will do it “legally” if they can, and they will do it in “other ways” if they have to.

At this point, China has invented a whole host of ways to extract technology from any firms that wants to do business in China.

The following is a short excerpt from a recent article on CNN….

Foreign companies are often required to set-up joint ventures with Chinese firms before the can start doing business there. And China is instituting new “indigenous innovation” rules that U.S. companies say force them to transfer their own technology to their Chinese partners.

#7 We Should Never Trade With Any Nation That Has A “One Child” Policy

China has a very strict “one child policy” which should be absolutely abhorrent to all Americans.

Most Americans have no idea what is really going on over in China.  The following is from a recent article in the Epoch Times….

Pregnant women lacking birth permits are hunted down like criminals by population planning police in China and forcibly aborted.

All over China, mobile abortion vans are used to help enforce the one child policy.  What women in China must endure is absolutely sickening, and this kind of behavior should never be accepted in the global community.

But instead of penalizing China, we reward them for this behavior.  They even get awards at the United Nations for it.

Look, conservatives are supposed to be pro-life.  If you are a social conservative, then it goes against everything that you believe to support trade with China.

You can support trade with China if you want, but then don’t even try to call yourself “pro-life” again.

We should never trade with any nation that has a “one child policy”.  Such a policy is against everything that America is supposed to stand for.

#8 Our Horrendous Trade Imbalance Has Allowed Other Nations To Accumulate Gigantic Amounts Of Our Debt

Every month, we send much more money to the rest of the world than they send to us.  One thing that those other nations are doing with all of that money is that they are buying up our debt.

Our trade deficit with China has enabled them to accumulate nearly a trillion dollars of our debt.  This gives them tremendous leverage over us and is a very serious threat to our economy and to our national security.

So now China can threaten the stability of our financial system with just a phone call.

#9 Globalist Trade Institutions Are A Serious Threat To Our National Sovereignty

Today, the “global economy” is governed by globalist institutions such as the G20, the WTO, the IMF and the World Bank.  The United States has given up huge amounts of national sovereignty to these organizations.

If you are a true conservative, this should greatly disturb you.

We don’t want faceless international bureaucrats telling us what our trade policies will be.  But to a large degree that is the situation that we have gotten ourselves into.

#10 Liberals (And All Americans) Are Supposed To Care About What Is Best For American Workers

Millions of working class jobs have been shipped overseas, and yet Barack Obama just keeps pushing for more “free trade” agreements which will make the problem even worse.

But instead of screaming bloody murder, liberals keep on supporting Obama.

It’s disgusting.

The truth is that the Obama administration actually says that there are certain kinds of jobs that we “don’t want” in the United States.

For example, the following is what U.S. Trade Representative Ron Kirk recently told Tim Robertson of the Huffington Post about the Obama administration’s attitude toward keeping manufacturing jobs in America….

Let’s increase our competitiveness… the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don’t want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don’t want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

So where is the outrage?

Is anyone even awake out there?

Even the construction of many of our roads and bridges is being outsourced to China.  Just check out the following quote from a recent ABC News article….

In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.

In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.

In Alaska, there is a proposal for a $190 million bridge project.

These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.

“When we subsidize jobs in China, we’re not creating any wealth in the United States,” said Scott Paul, executive director for the Alliance for American Manufacturing.

Liberals are supposed to be working to defend the working class.

So why won’t they openly go after Obama on these issues?

Our unfair trade agreements have put American workers in direct competition for jobs with the cheapest labor on the globe.

Until this is fixed, you will continue to hear a “great sucking sound” as millions of jobs continue to leave the United States and go to places where labor is ten to twenty times cheaper.

It is insanity what we are doing.  We allow big corporations to send their manufacturing offshore and also to ship their products back into the United States for free.

Where in that equation is good news for the American worker?

#11 Liberals (And All Americans) Should Be Horrified By The Exploitation Of Slave Labor Around The Globe

All over the globe, workers toil in nightmarish conditions for slave labor pay just so that Americans can feed their addiction for cheap foreign products.

Big corporations and collectivist governments such as China are getting unbelievably rich by exploiting this slave labor pool.

Get educated about this and find out the truth.  It just might totally change the way that you view “free trade”.

#12 Liberals (And All Americans) Should Be Horrified By The Damage To The Environment Our Trade Relationships Cause

Liberals are supposed to deeply care about the environment.  But our trade relationship with nations on the other side of the globe result in thousands of factories and businesses leaving our shores and ending up in countries where the environmental regulations are not nearly as strict.  In fact, nations such as China are a complete and total environmental nightmare at this point.  If liberals truly cared about the environment they would want to keep factories and businesses here.

#13 Very Dangerous Products Continue To Flood Into This Country From Overseas

Isn’t product safety supposed to be a big thing for liberals?  Today, a huge percentage of the products we buy are made outside the United States far from the watchful eyes of our regulatory agencies.  Over the past couple of years, there has been headline after headline about dangerous products made in China.  The following is just one example of this: 10 Babies Die Mysteriously At Fort Bragg: Toxic Drywall From China Used In Base Homes The Culprit?

#14 The Globalization Of The Economy Causes Income Inequality To Grow

By paying slave labor wages to workers overseas, the big corporations are becoming very wealthy.  At the same time, that means that there are much fewer jobs for average working class Americans, and wages for the jobs that remain are pushed down because of increased competition for jobs.

So the rich get richer and the poor get poorer.

If you don’t believe that income inequality in the United States has become a huge problem, just check out this chart.

#15 Because Of All Of The Cheating And All Of The Predatory Behavior That Is Going On, Our Trade Relationships Have Become Incredibly Imbalanced

Today, the United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

So how is that even close to “fair”?

Our store shelves are absolutely packed with stuff from China.

In 2010, the number one U.S. export to China was “scrap and trash”.

Even in high technology products we are being destroyed.  In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#16 Our Gigantic Trade Deficit Is Destroying Our National Wealth

The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.

Our gigantic trade deficits are making us poorer as a nation each and every month.  Each year, somewhere around half a trillion dollars of our national wealth gets transferred out of the United States.  That half a trillion dollars could be going to support U.S. businesses and U.S. jobs.  Taxes could be paid on that half a trillion dollars.  But instead it leaves the country and makes other nations wealthier.

#17 The Globalization Of The Economy Has Caused Unemployment In The United States To Explode

If you gathered together all of the workers that are “officially” unemployed in the United States today, they would constitute the 68th largest country in the world.

#18 As Our Cities Are Deindustrialized, Many Of Them Are Being Transformed Into Absolute Hellholes

The other day, I wrote the following about what is happening in cities and towns across the United States….

All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes.  The scars left by the long-term economic decline of the United States are getting deeper and more gruesome.

#19 Without Good Jobs, An Increasing Number Of Americans Are Having To Turn To Government Assistance

We are going to support U.S. workers one way or another.  Either we are going to provide them with good jobs, or we are going to let their jobs be shipped out of the country and we are going to pay for the government to feed and house them.

Today, there are more than 45 million Americans on food stamps.  That number has gone up by more than 70 percent since 2007.  Almost every single month we set a new all-time record for the number of people being fed by the federal government.

#20 If Nothing Is Done, All Of This Is Going To Get A Lot Worse

According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

Can you imagine what America is going to look like if that happens?

**********

Okay, so in light of all of that information, can anyone out there defend the current “free trade” policies of the federal government?

Please feel free to share your thoughts by leaving a comment below….

Giant Sucking Sound Part 2? The NAFTA Of The Pacific Will Soon Allow Millions More American Jobs To Be Shipped Overseas

The United States is negotiating one of the biggest free trade agreements in history and there is barely a peep about it on the news.  Years ago, Ross Perot warned that if NAFTA was implemented there would be a “giant sucking sound” as millions of jobs left this country.  It turns out that he was right.  Starting on Tuesday, the next round of negotiations on the Trans-Pacific Partnership (also known as the “NAFTA of the Pacific”) will begin in Chicago.  We have already seen the Obama administration push hard for free trade agreements with Panama, South Korea and Colombia and the administration is making the Trans-Pacific Partnership a very high priority.  Membership in the “NAFTA of the Pacific” already includes Brunei, Chile, New Zealand and Singapore.  The United States, Australia, Peru, Malaysia and Vietnam are scheduled to join.  Canada, Japan and South Korea are also reportedly considering membership.  So once this “free trade” agreement is ratified, will we hear another “giant sucking sound” as millions more of our jobs are shipped overseas?

Look, it is not really that complicated.  If you are a giant U.S. corporation, you can either make stuff here, or you can make stuff overseas where it is far, far less expensive to do so.

To greedy corporate executives, there are a lot of advantages to moving operations out of the country….

*It is legal to pay slave labor wages in many of these other countries.  After all, why pay an American worker 10 or 20 times as much as a worker on the other side of the globe?

*In many of these other countries you do not have to provide any health care for workers.

*In many of these other countries there are virtually no environmental controls to worry about.

*In many of these other countries there are virtually no labor standards to worry about.

*In many of these other countries you only have to deal with a fraction of the “red tape” that you have to deal with in the United States.

By merging our economies with the economies of societies that are far different from our own, we have created a “race to the bottom” that is incredibly destructive to the U.S. economy.

In Vietnam, one dollar an hour is considered to be a very good wage.

So how do you plan to compete against that?

These “free trade agreements” are direct assaults on the big, juicy paychecks of American workers.

If you do not know about the Trans-Pacific Partnership, you need to get educated.

The following is a basic introduction to the TPP from Wikipedia….

The Trans-Pacific Partnership (TPP), also known as the Trans-Pacific Strategic Economic Partnership Agreement, is a multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region; specifically, Article 1.1.3 notes: “The Parties seek to support the wider liberalisation process in APEC consistent with its goals of free and open trade and investment.”[1] The original agreement between the countries of Brunei, Chile, New Zealand and Singapore was signed on June 3, 2005, and entered into force on May 28, 2006. Five additional countries – Australia, Malaysia, Peru, United States, and Vietnam – are negotiating to join the group.

Apparently, one of the goals of the TPP is to reduce all trade tariffs among member nations to zero by the year 2015.  The proponents of “free trade” are absolutely thrilled.

We have all enjoyed the flood of cheap products from overseas.  It is nice to pay a little bit less for things.

But these cheap prices have come at a very high cost.  We are literally destroying the American economy.  If you walk into just about any store today and you start turning over products, you will find that almost all of them are made out of the country.

If our middle class jobs keep getting shipped overseas, our prosperity is going to vanish.  If the American people allow this to continue, the standard of living of American workers is going to continue to fall toward the level of workers in third world countries.

Arthur Stamoulis, the executive director of Citizen Trade Campaign recently had the following to say about why he is opposed to this new free trade agreement….

“They’ve shipped our jobs overseas. They’ve reduced the tax base, they’ve driven down the wages and benefits for the jobs that are left. We’ve had enough”

As you can see from the chart below, we have seen a massive decline in manufacturing jobs in the United States over the last few decades….

It is absolutely amazing that the Obama administration continues to tout more “free trade” agreements as a way to increase employment in the United States.

Sadly, nearly half the country is still going to run out and vote for the guy in the next election.

Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

So the answer is to ship even more of our jobs overseas?

Apparently the Obama administration actually believes that we don’t want those jobs.  The following is what U.S. Trade Representative Ron Kirk told Tim Robertson of the Huffington Post recently….

Let’s increase our competitiveness… the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don’t want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don’t want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

Can you believe that nonsense?  He believes that there are things that “we don’t want to make in America”?

Why is nobody calling for him to resign immediately?

Manufacturing jobs have traditionally been high paying jobs that can support middle class families.

But now we are losing millions of those jobs and the Obama administration simply does not care.

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

America is being deindustrialized at warp speed and most Americans don’t even understand what is happening.

Look, even if U.S. firms wanted to stay in the United States and try to compete, they face almost insurmountable obstacles….

*Many foreign nations deeply and directly subsidize national industries and the U.S. government lets them get away with it.  That puts our industries at a vast disadvantage.

*The United States has the highest corporate tax rate in the world.  That puts our corporations at a vast disadvantage.

*Many foreign nations do not require businesses to provide health care for their employees.  That puts our businesses at a vast disadvantage.

*Many foreign nations impose very little regulation on businesses.  That puts businesses in the United States at a vast disadvantage.  In the U.S., we have some of the most restrictive regulations in the world.

The truth is that even the “next generation jobs” and the “green jobs” that Obama keeps talking about are rapidly leaving the country.

For example, the third-largest producer of solar panels in the United States, Evergreen Solar, is leaving America.

Evergreen is shutting down its factory in Massachusetts, laying off 800 American workers and moving production over to China.

A recent New York Times article explained why Evergreen is making this move….

Evergreen, in announcing its move to China, was unusually candid about its motives. Michael El-Hillow, the chief executive, said in a statement that his company had decided to close the Massachusetts factory in response to plunging prices for solar panels. World prices have fallen as much as two-thirds in the last three years — including a drop of 10 percent during last year’s fourth quarter alone.

Chinese manufacturers, Mr. El-Hillow said in the statement, have been able to push prices down sharply because they receive considerable help from the Chinese government and state-owned banks, and because manufacturing costs are generally lower in China.

We are losing the “jobs of the future” and Obama is doing nothing about it.

Last year, more than half of all the solar panels in the world were made in China.

China is absolutely killing us on the global economic stage and Obama does not even seem to think that it is a problem.

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

Not only that, the United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

So don’t listen to any of the nonsense that Obama is spouting about creating jobs.

Not that most of the Republicans are putting forward any good ideas either.

The reality is that our politicians have lied to us.  Globalism is absolutely destroying our economy.

Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

We are losing ground in almost every industry that you could name.  Even the “jobs of tomorrow” are mostly being created overseas.

Andy Grove, the former CEO of Intel, says that our advanced technology companies are creating far more jobs overseas than they are in the United States….

Some 250,000 Foxconn employees in southern China produce Apple’s products. Apple, meanwhile, has about 25,000 employees in the U.S. That means for every Apple worker in the U.S. there are 10 people in China working on iMacs, iPods, and iPhones. The same roughly 10-to-1 relationship holds for Dell, disk-drive maker Seagate Technology (STX), and other U.S. tech companies.

When is someone going to wake up America?  If we are even losing “advanced technology” jobs, then what kind of jobs are going to be left?

In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

Needless to say, that is not a good trend.

Our politicians promised us that the “global economy” would mean more jobs and more prosperity for us.

Well, that was obviously a giant lie.

Today, if you gathered together all of the unemployed people in the United States, they would make up the 68th largest country in the world.

If we allow all of this “free trade” nonsense to continue, our unemployment nightmare is going to continue to get worse and even more of our formerly great cities will end up looking like total hellholes just like Detroit does.

Sadly, virtually all of our politicians in both political parties are in favor of these “free trade” agreements.  In fact, most of them are pushing these kinds of agreements as one of the “solutions” to our problems.

The U.S. economy is being dismantled and deindustrialized right in front of your eyes.

If you plan on speaking out, you better do it now because it is almost too late to stop what is being done.

It is up to you America.

Unfair Trade: 10 Questions About Our Globalized Economy That Neither Conservative Or Liberal Supporters Of Current U.S. Trade Policies Can Answer

Most Americans still seem to be convinced that “free trade” is “fair trade” and that to be against current U.S. trade policies and globalization means that you are anti-business, anti-free enterprise and anti-American.  In the mainstream media, any unfair trade practices that are brought up are treated as minor nuisances that will be ironed out as we march towards the glorious globalized economy of the future.  But the truth is that the kind of world trade that is going on today is neither “free” nor is it “fair”.  Major exporting countries around the globe are openly manipulating their currencies, they are heavily subsidizing their major industries and they are erecting huge tariffs against many U.S. goods in order to protect their own domestic companies.  Meanwhile, U.S. consumers enjoy mountains of cheap goods, but thousands of factories, hundreds of thousands of jobs and hundreds of billions of dollars of national wealth leave our country for good every year.  So how in the world is that good for us?  It is kind of like ripping apart your house to get more firewood just to keep the fire going.  Eventually you aren’t going to have a house anymore.

The other day, my article entitled “The Number One U.S. Export To China: Waste Paper And Scrap Metal” really struck a chord with many advocates of current U.S. trade practices.  For example, one reader identified only as “Someone” left a comment that was typical of many that were posted on the article….

“The author of this article has shown no knowledge of economics.”

Well, it doesn’t take a genius to look at the numbers and figure out that something is wrong.  In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year.  In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.

Can anyone else spot a disturbing trend there?

Years ago, I was also one of those who believed that because I was “pro-business” that also meant that I had to defend “free trade” and trade agreements such as NAFTA and the WTO.

After all, I didn’t want to be labeled “anti-business” or “anti-American” did I?

But the truth is that merging our economy with socialist and communist economies that allow their workers to be paid slave labor wages is not “pro-business” and it certainly is not “pro-American”.  Allowing entire U.S. industries to be destroyed because of the unfair predatory trade practices of socialist and communist economies is not “pro-business” and it certainly is not “pro-American”. 

If you want to have “free trade”, then by definition you must have a level playing field.  For example, trade with Canada (although not perfect) is mostly a very, very good thing.  Trade with China is not.

Many readers have suggested that all we have to do is get rid of the horrific regulations and taxes that are holding U.S. businesses back and our trade situation will be fixed.

And yes, the U.S. government has piled so many rules, so many taxes and so much paperwork on U.S. businesses that it is becoming very, very difficult to operate a profitable business inside the United States.  There has never been a more oppressive environment for business in the United States than we have today.

But would fixing that solve all our trade problems?  Would fixing that bring back all of our factories and jobs?

No, but of course it would help to an extent.

However, the reality is that unless we address the fundamental problems with global trade we are in a heap of trouble.

Unfortunately, not all of my readers agree.  One reader named Puzzled was quite blunt is his analysis of my recent article on trade: “I’d recommend a class on basic economics.”  Well, it turns out that I did take a number of courses in economics at one of the finest universities in the United States, but our education system has become so dumbed-down that I didn’t learn much.

So let’s hear from someone who is considered to be an expert in economics.

Just how dangerous is the trade deficit?  Well, world famous investor Warren Buffett once put it this way….

“The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil… Right now, the rest of the world owns $3 trillion more of us than we own of them.”

Advocates of current U.S. trade policies usually respond by saying something like this….

“The global economy is here to stay so you better get used to it.  There is no going back.  It is a good thing for factories and jobs to be going to China because they can produce things cheaper than we can.  We benefit because we get to enjoy large amounts of cheap products.  Yes, American workers are going to have a significantly reduced standard of living, but this is necessary as we merge all the countries of the world into a globalized economy which will be better for everyone in the end.  After all, it is better for goods and services to cross borders than it is for armies to cross borders.  U.S. citizens are just going to have to learn to live within their means.  If the United States cannot provide jobs for all of their people in this new global economy, then maybe they need to start implementing some population control measures.  Quit blaming China because they aren’t doing anything wrong.  Everyone knows that free trade is always the best alternative.  Are you an idiot?  Go take a class in basic economics you moron.”

The following is a sampling of actual comments that have been recently posted in response to my articles on globalism by advocates of current U.S. trade policies.

A reader named Frodo apparently thinks that I am “anti-freedom”….

You are totally wrong about free trade. “free trade” is part of “freedom” like the freedom of consumers to buy stuff they want made somewhere else.

A reader named John seems convinced that that United States has never lost even a single job to China….

No American has ever lost a job to China: what happens is due to USA govt industrial policy (get big or get out), new jobs are placed in new factories where there will be better stability in the future – China. Those “lost jobs” are not coming back because like buggy whips, we don’t use them anymore.

A reader named Dave believes that “free trade” is precisely what we need to revitalize manufacturing in America again….

Free trade is EXACTLY what’s needed if we ever hope to get manufacturing back in North America.

In the face of such overwhelming logic how can I continue to maintain that the current state of global trade is deeply flawed and deeply broken?

Well, I have a challenge for advocates of current U.S. trade policies.

I challenge you to answer the following 10 questions about our globalized economy.  Please answer these questions and tell me why I am wrong….  

#1 How can trade be considered “fair” when other major exporting nations openly manipulate their currencies, provide massive subsidies for their national industries and erect massive tariffs against many U.S. goods while we allow them to wipe out many of our domestic industries by flooding our shores with endless amounts of cheap products?

#2 How is it possible that it is good for American workers to be merged into a global labor pool where they must compete for jobs with workers on the other side of the globe that make less than ten percent of what an average American worker makes?

#3 As millions of manufacturing jobs continue to flow to where “labor is cheaper”, can you please explain how in the world we are going to provide nearly enough jobs for blue collar American workers?

#4 If there are not nearly enough jobs for everyone, then millions upon millions of Americans will not be able to take care of themselves.  We simply are not going to let them starve to death in the streets.  Already, over 41 million Americans are on food stamps.  One way or another we are going to pay to take care of American workers.  Either we are going to give them jobs or we are going to give them welfare.  Are you willing to have your taxes raised substantially to pay for all of the welfare cases that “free trade” is creating?

#5 As U.S. workers are merged into the new global labor pool, can you please explain how wages will not be forced down and the standard of living for average, hard-working Americans will not diminish substantially?

#6 How can any conservative ever justify trading with a nation (China) that has a “one-child policy” and that has mobile abortion vans driving around the country to enforce this mandate?

#7 How can any liberal ever justify trading with a nation (China) that is rapidly becoming an environmental wasteland and where millions of people work in horrific conditions for what is essentially slave labor pay?

#8 The House National Security Oversight Subcommittee recently heard stunning testimony from a number of experts that told them that the rapid decline of manufacturing in the United States has resulted in America losing its edge in numerous industries that are absolutely vital to national security.  How is it possible that putting our national security in such peril is a “good thing”?

#9 The United States spends 40 to 50 billion more on goods and services from the rest of the world each month than they spend on goods and services from us.  That means that the United States is becoming 40 to 50 billion dollars poorer each and every month.  How is that good for the U.S. economy?

#10 Over the past few decades, the communist Chinese have been able to accumulate approximately $2.5 trillion in foreign currency reserves, and the U.S. government now owes them close to 900 billion dollars.  We constantly have to send top government officials over there to beg them to continue to lend us money.  This would have never happened without the insane trade policies of the last several decades.  So how in the world can advocates of current U.S. trade policies ever justify this?

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