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Reader Comment of the Week

Published 11/14/08 Guest Comments - Print Article
E-mail - editor@economyincisis.org

Editor's Note: The following is a reader's comment. Reader's comments may not reflect the views or opinions of EconomyInCrisis.org. Further feedback is welcomed and may be featured as a future reader comment of the week.

We can now see the disastrous results of what Rahm Emanuel, Obama’s new White House Chief of Staff, did to the detriment of America when he was President Clinton’s senior White House advisor - “ramming NAFTA through Congress” supporting “free trade” and outsourcing.

Look at how these policies have been instrumental in allowing foreign countries’ easy takeover of our wealth producing companies. As this site shows, we have lost 16,613 companies in 30 years, at closer look you can see this trend has been rapidly increasing. A huge percentage of these were sold in the past 8 years!

This is happening by giving foreign countries “free trade” access to ship anything they want into our country. Our lack of tariffs allows foreign companies to undercut our companies’ products and run up huge trade surpluses, if this site is correct the amount leaving us is $1.6 million per minute! ($800 billion per year)

We are importing goods, unrestricted, and it is out of control. Just like our forefathers time, but the next “Boston Tea Party” will have to be dumping Chinese goods into the harbor! How can we be so blind? Why aren’t we outraged?

Please President Obama, do not let Rahm Emanuel (a former high paid lobbyist and now your chief of staff) continue the damage that he initiated when he was in the Clinton Administration.

Source Obama’s First Misstep:

Click Here For Solutions To America's Economic Problems

Click here to contact your Representative in Congress.

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Article Comments From Readers

guest says "Reader comment of the Week" on 11/15/09
Well, we all know what the problem is!
Question: When are we going to march on Washington the, District of Crimmals, and start Hanging these Bastdards from the Light poles in the district. I hope that that there is enough Light Poles? After the mass hanging Leave the bodies hang there for the next batch of Elected Officals will see them hanging, maybe the new batch will learn this will happen to you if you SCREW with the Real Americans. WHO LOVE THEIR COUNTRY!. Not like the bastdards hanging.

guest says "Imported Goods" on 12/18/08
The US government is apparently going to continue to just crank up the presses and print more dollars, T-Bills, Government Bonds, etc. to pay for the negative balance of trade, government payrolls, bailouts, entitlements, pork barrels, operations, social schemes, wars, new infrastructure, wealth re-distribution, and etc. every time they need to pay the bills.

Instead of redeeming US dollars for gold, foreign governments and foreign individuals continue to use these dollars (and other US securities that they earned from their exports to the USA) to purchase real estate, industries, breweries, hotels, factories, and, financial institutions and everything else of value that is located in the USA. We paid these foreigners with our dollars to manufacture or supply the things that we imported and consumed (rather than working to make these products ourselves in this country).