It does not take an I.Q of any merit to figure out why the U.S. is in the state it is in. As long as we continue to allow America not to be first, we will continue our slide into oblivion. How about time for our own self-interest? What a disgrace for the new American Icon– the new World Trade Center to be composed of Steel from Germany and Glass from China. And of course, the GOP candidates are all for any and all “Free Trade” deals. It has been working swell for the American worker now hasn’t it!
The American people need to learn the facts. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000, and over 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.
Thank you George W. Bush and Barack Obama for such a wonderful economic miracle!
The new World Trade Center tower will contain 250 tons of steel from Germany and the lower floors will be surrounded with blast-resistant glass from China. This is yet another example of how the U.S. economy is being hollowed out. Once upon a time, the United States produced more steel and glass than anyone else in the world. But now we are being deindustrialized at a blinding pace. We have lost tens of thousands of factories and millions of jobs over the past decade. We are going to have a trade imbalance of about a half a trillion dollars this year. Meanwhile, our federal, state and local governments are going into massive amounts of debt in order to keep funding government activities at a level that our hollowed out economy simply cannot support any longer.
Well, if you don’t care about where our national symbols are made, you should at least care about the millions of jobs that we have been losing.
Since 1975, the United States had run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
All of that money could have gone to U.S. businesses and U.S. workers. In turn, those businesses and workers would have paid taxes on all of that wealth.
But instead, all of that wealth went out of the United States. H/T and more at: End of the American Dream
BUNKERVILLE | God, Guns and Guts Comrades! 