Have you been to the grocery store recently and bought fruits and vegetables that tasted bitter or maybe didn’t taste like anything at all? It shouldn’t come as much of a surprise that the “fresh” fruits and veggies we are buying taste different since we are not buying them during a harvesting season.
Tag Archives: China
President Obama promised 5 million green jobs during his presidential campaign in 2008. Not only did he fall short by a long way, but in fact we’ve lost hundreds of manufacturing companies, with thousands of employees laid off. During his 2012 re-election campaign, President Obama promised jobs again, this time promising 1 million manufacturing jobs which he has yet to come close to fulfilling. He has only added a little over 189,000 manufacturing jobs. With so little being made in the United States compared to decades ago, we must now, more than ever, join together and buy American made products.
A fair trade relationship between countries is something to be desired. Each country can take advantage of its relative strengths and both countries grow economically. An unfair trade relationship, however, can be as destructive as the fair one is healthy, and can lead to the decline of a civilization. This latter case is precisely the malaise afflicting America. Just look at our relationship with China as an illustration.
It is now becoming apparent that we no longer own our own country. Foreign interests have been buying up our best companies for years, sending profits overseas and taking American prosperity with them. A Chinese company has purchased one of our largest theater chains, AMC Entertainment. Having acquired 5,000 screens, foreign interests will have even more power over not only our economy, but our movies and culture as well.
Every year, hundreds of billions of dollars leave the rapidly depleting coffers of the United States and go to China. This huge transfer of wealth has resulted in dramatic effects for both countries. For China, it has brought about an economic boom; for the United States, an economic decline. Chinese loans to the U.S. government, to the tune of over $1 trillion, have made a large contribution to this result. Effectively, this has silently granted the Chinese government an alarming amount of leverage over our economy.