One of the biggest roadblocks to an American economic recovery is the growing destitution of the middle and lower classes. The wealthiest 1 percent of Americans continue to get richer, while the number of people living in poverty multiplies. In the midst of this, the middle class–the backbone to our once thriving nation–is essentially evaporating. Solutions to this trend must be found immediately.
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“Buying American” has become such a cliché in the vernacular of patriotism that many people have forgotten it’s important to actually follow through on it. Unfortunately, because “free trade” has transferred so many American manufacturers abroad, it can be difficult to locate merchandise produced in the United States. This is a major contributor to our current economic crisis, and it is the reason reform is not going to come easily.
The government and media try to sell the false idea that the Great Recession is over. Economic indicators suggest otherwise. The media claims the U.S. is creating jobs. This may be true, but the jobs they are creating are in India, Mexico, China and South Korea — NOT in the United States.
The U.S. has painted itself into a corner. Because the Chinese are our creditors, we have no ability to force the Chinese to stop pegging the Yuan to the dollar and manipulating their currency to the detriment of our exporters. We have no ability to enforce human rights standards in China or any other part of Asia. We have no hope of stopping Europe or Asia from subsidizing their industrial core.