And Destined to Fail
Causing our standard of living to dramatically decrease
This is not conjecture- it is inevitable and it is happening now!
Our financial standings are reflected in our consistent balance-of-trade deficit, which has no chance of turning positive under our current “free trade” agreements. The U.S. has not had a trade surplus in 37 years.
“Free trade” has allowed unrestricted, uncontrolled access to our economy for goods made overseas at labor costs far below ours, sometimes for wages as low as $2 per hour, tariff- and duty-free. We cannot compete with these labor costs, so we must outsource our manufacturing or see our factories go bankrupt. The U.S. is rendered uncompetitive as the middle-class jobs we once depended on are sent overseas, further adding to the unemployment rate.
The effects of “free trade” have rippled through our economy, eliminating our good, middle-class jobs and leaving us with a service (servant) economy. These new service jobs cannot support the lifestyle Americans have come to expect. As a result we are saddled with debts that we cannot possibly repay under current policies.
- Our trade deficit (the negative difference between imports and exports) is now around $600 billion. This means we are sending $1.2 million out of the country every minute, 24 hours a day, 365 days a year, in trade alone
- The 2012 national budget deficit (difference between government income and expenses) is over $1 trillion
- Accumulated national debt in the U.S. is over $16 trillion
- Total consumer debt in the U.S. is $11 trillion
- Student loan debt is over $867 billion
- One in every five homes loans is financially underwater
We cannot rectify this situation as long as we have “free trade.” These policies have drained our resources and left us defenseless against a world poised to take over the industries the United States once dominated. On top of our damaging free trade policies, our membership in the World Trade Organization (WTO) has stripped us of our right to manage our own trade relations. The WTO oversees and adjudicates all of our disputes related to international trade, despite the fact that the panels are made up of foreign bodies who may not have our best interests at heart. The WTO has been disastrous for us, as we lose nine out of 10 cases brought against us. How can we hope to succeed when foreign interests are dictating how we manage our economy?
America faces a bleak future if we continue down this path. We need to create real wealth again. Our leaders need to act to make this happen. We must stop all free trade agreements and rid ourselves of our damaging ties to the WTO, and we must act quickly to avoid total economic devastation.
Take this message to your Congressmen and ask them specifically what they can do to solve this problem. Send it to your neighbors, your mayor, your governor, and let them know that this issue is important to you, and it should be important to them too, because it affects their communities and their country. This issue has done too much damage for good citizens to sit idle and let it continue.