The One Percent: Gigantic Government + Gigantic Corporations = Massive Wealth Inequality In America

Today, there are protests all over America that are targeting “the one percent” and all of the wealth and power that they have accumulated.  Unfortunately, many of the solutions that these protesters are advocating simply will not work and will not lead to less wealth inequality.  To understand this, you have to understand how we got to this point.  Over the past several decades, our federal government has exploded in size and our large corporations have exploded in size.  In fact, we have seen this pattern happen pretty much all over the world.  Governments and corporations all over the globe are getting much bigger.  Whenever you have very, very large concentrations of money and power like that, it is going to lead to massive wealth inequality.  The Occupy Wall Street protesters would like to frame this debate as “socialism vs. capitalism”, but the truth is that wherever you find big government you will almost always find big corporations, and wherever you find big corporations you will almost always find big government.  Sure, they spar once in a while, but the reality is that big government and big corporations work in tandem most of the time.  Sometimes big government has the upper hand and sometimes big corporations have the upper hand, but they are both collectivist institutions.  Wherever you find collectivism in the world, you will find an elite that receives most of the benefits while the rest of the population suffers.  In the United States today, our gigantic government is thriving and our gigantic corporations are thriving and the middle class is rapidly shrinking.  The solution to this is not to replace one form of collectivism with another form of collectivism.  Rather, what we need is to go back to what our founding fathers intended.  They were extremely suspicious of large concentrations of wealth and power, and they intended for us to live in a capitalist system where individuals and small businesses had the freedom to compete and thrive.

Today, Democrats tell us that we need an even bigger government and that we need to redistribute even more wealth to the poor.  But the bigger the government gets, the more poor people we seem to have.  As you will see below, the only people that seem to be thriving from big government are the bureaucrats.

Republicans tell us that we need to make life better for the big corporations.  But the reality is that the bigger our giant corporations get, the faster the middle class shrinks.  The big corporations are shipping millions of our jobs out of the country, and they are magnets for wealth and power.  If you are not aware of how overwhelmingly dominant corporations have become in our society, just read this article.

Democrats should not be defending big government, and Republicans should not be defending the abuses of the big corporations.

Whenever big government and big corporations work together there is going to be massive income inequality, and massive income inequality is not a good thing.

Yes, there are always going to be some people that do much better than others (and there is nothing wrong with that), but we should not have a system which is designed to funnel almost all of the wealth and almost all of the power to a very small minority.

In essence, this article is arguing the following….

Gigantic government = bad.

Gigantic corporations = bad.

This was the view of our founding fathers, and this is what we need to get back to.

Let’s take a look at some of the results of our current system.  Let’s start with income inequality caused by big government.

Today, the Washington D.C. region has the highest median household income in the entire nation.  According to the most recent numbers, median household income in the D.C. area is $84,523.

So what is the cause of this?

Well, it is not because Washington D.C. is a great center of industry or finance.  Rather, it is because the federal government is spending over 3 trillion dollars a year and is showering huge piles of cash on hordes of bureaucrats.

In a recent article, I noted some of the mind blowing statistics that show how bureaucrats in Washington D.C. are living the high life at our expense….

*When you total up all compensation (including health care and benefits), the average income for a federal worker in the Washington D.C. area last year was $126,369.

*In 2005, 7420 federal workers were making $150,000 or more per year.  In 2010, a whopping 82,034 federal workers were making $150,000 or more per year.  That is more than a tenfold increase in just five years.

*In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more.  When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

*Last year, federal employees “earned” approximately 447 billion dollars in total compensation.

As I have written about previously, our gigantic federal government also empowers the big corporations to continue to accumulate staggering amounts of wealth and power.  This is one reason why the big corporations contribute so much money to political campaigns.  The big corporations (and the elite that own and run them) have much more influence over the political process than we do.  They have spent decades buying politicians and getting laws passed that tilt the rules of the game radically in their favor.

This is something that our founding fathers did not want to happen.  In a 2010 article, Rick Ungar noted that there were very significant restrictions on corporations in the early days of America….

After the nation’s founding, corporations were, as they are today, the result of charters granted by the state. However, unlike today, they were limited in how long they were permitted to exist (typically 20 or 30 years), only permitted to deal in one commodity, they could not own shares in other corporations, and their property holdings were expressly limited to what they needed to accomplish their corporate business goals.

There was a lot of wisdom to that approach.  Our founding fathers knew that corporations would become giant magnets for wealth and power if they were allowed to grow unchecked.

Today, multinational corporations completely and totally dominate the global economy.  The following comes from a recent article I posted on The American Dream….

Corporations not only completely dominate the U.S. economy, they also completely dominate the global economy as well.  A newly released University of Zurich study examined more than 43,000 major multinational corporations.  The study discovered a vast web of interlocking ownerships that is controlled by a “core” of 1,318 giant corporations. But that “core” itself is controlled by a “super-entity” of 147 monolithic corporations that are very, very tightly knit.  As a recent article in NewScientist noted, these 147 corporations control approximately 40 percent of all the wealth in the entire network

These giant corporations are so dominant that it is nearly impossible to compete with them.  The number of small businesses in America is shrinking fast.

According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.

This is exactly what we would expect to see under “corporatism“, but under true capitalism we would expect to see the exact opposite.

As the federal government and the big corporations continue to grow, the middle class is being wiped out.  If you doubt that the middle class is shrinking, just read this article.

Yes, there is a limited role for the federal government to play and there is a limited role for corporations to play.  But right now things are radically, radically out of balance.

This is creating a tremendous amount of income inequality in the United States.  The middle class is being systematically destroyed, and the growth of the gap between the one percent and the rest of us just continues to accelerate.

This was certainly illustrated by numbers that were recently released by the Congressional Budget Office.  The very wealthy have done extremely well over the last 30 years.  For the rest of us, things have not been so great.  The following figures come from a recent blog post by the director of the Congressional Budget Office….

CBO finds that between 1979 and 2007:

  • For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent (see figure below).
  • For others in the 20 percent of the population with the highest income, average real after-tax household income grew by 65 percent.
  • For the 60 percent of the population in the middle of the income scale, the growth in average real after-tax household income was just under 40 percent.
  • For the 20 percent of the population with the lowest income, the growth in average real after-tax household income was about 18 percent.

Meanwhile, as a recent USA Today article noted, the middle class continues to falter in the majority of the communities around the United States….

A USA TODAY analysis of Census data found the Reno area was among 150 nationwide where the share of income going to the middle class — generally made up of households that make $20,700 to $99,900 a year — shrank from 2006 to 2010. Metro areas where the middle class’ share of income dropped outnumbered those where it grew by more than 2-to-1.

So just how well is the top one percent doing compared to the rest of us?

The following statistics should be a wake up call for all of us….

*According to the Congressional Budget Office, the top one percent is the only group that saw its share of our national income increase between 1979 and 2007.

*According to a joint House and Senate report entitled “Income Inequality and the Great Recession“, the top one percent of all income earners in the United States brought in a total of 10.0 percent of all income income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.

*Between 1979 and and 2007, the average household income of the top one percent of all Americans soared from $346,600 to $1.3 million.

*In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

*As the “one percent” thrives, the share of the pie being enjoyed by the middle class is shrinking.  According to Heidi Shierholz, an economist with the Economic Policy Institute, about 53 percent of all income went to the middle class back in the 1970s, but today only about 46 percent of all income does.

*According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top one percent of all Americans.

*The wealthiest one percent of all Americans now own more than a third of all the wealth in the United States while the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

*The wealthiest one percent of all Americans own over 50% of all the stocks and bonds.

*The top 0.01% of Americans make an average of $27,342,212.  The bottom 90% make an average of $31,244.

*This is all happening at a time when the United States as a whole is slipping.  Ten years ago, the United States was ranked number one in average wealth per adult.  In 2010, the United States fell to seventh.

*Income inequality is not just growing in the United States.  Today, the wealthiest one percent of the earth’s population controls 39% of the wealth.

There is certainly nothing wrong with being wealthy.  If you and your family work really hard and provide great value to the community around you then you should greatly benefit.

But a system that is designed to systematically drain wealth from the general population and transfer it into the hands of an ultra-wealthy elite is not what our founding fathers ever hand in mind.  At the time of our founding, England was dominated by big government (the monarchy) and by big business (the East India Company, for example).  Our founders warned us over and over about the potential abuses that can happen when very large concentrations of wealth and power are allowed to dominate a society.

Unfortunately, the Occupy Wall Street movement has it all wrong.  They recognize the overwhelming wealth and power accumulated by the one percent, but most of them are advocating even more collectivism as the answer.

Some of them even say that they want to “end capitalism” altogether.  Michael Moore says that he is not part of the one percent and that he wants to “end capitalism”, even though he has made millions upon millions of dollars from his various projects.

But socialism and communism never bring equality.  Like other forms of collectivism, socialism and communism almost always bring more tyranny and they almost always funnel most of the financial rewards to a very small elite.

Others simply wish to see the U.S. government transfer more wealth from the hands of the rich to the hands of the poor.

Helping the poor is certainly a noble goal, and handouts can certainly ease suffering at least temporarily.  But handouts are never a permanent solution and they can cause large numbers of people to end up becoming completely and totally dependent on the government.

Back in 1980, government transfer payments accounted for just 11.7% of all income.  Today, government transfer payments account for 18.4% of all income.

So has the plight of the poor gotten better?

No, we now have more than 45 million Americans on food stamps, last year we had the largest increase in the number of Americans living in poverty in U.S. history and the middle class continues to shrink rapidly.

The truth is that what poor and middle class Americans really need are opportunities.  Handouts will keep people alive, but they will not give people hope and a future.

What Americans really need is an environment where they can find jobs or start small businesses.  Unfortunately, the environment for small businesses in this country is incredibly toxic and millions of our good jobs have been shipped overseas.  The big corporations have discovered that they can make even bigger profits by sending jobs to countries where it is legal to pay slave labor wages.  To say that we need big corporations because they are the ones that “create jobs” is simply not true anymore.

So now we have tens of millions of Americans that we have to take care of every single month.  There is nothing wrong with helping them survive, but giving them even more handouts is not going to permanently solve anything.

We need to have a population that is empowered to work hard, produce wealth and create a bright future for their families.

Instead, what we have is a system that greatly rewards the top one percent and that is pushing all of the rest of us toward poverty.

Gigantic government plus gigantic corporations is always going to equal massive wealth inequality.

The bigger we allow government to grow and the bigger we allow corporations to grow, the worse it is going to get.

So is any of this going to change any time soon?

Well, considering the fact that the vast majority of our politicians are in the pockets of the big corporations, I would not be getting your hopes up.

 

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?

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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….

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