Earlier this week during his debate against Alison Grimes, Mitch McConnell spoke many times about his commitment to creating jobs and helping the economy. Meanwhile in reality, Senator McConnell has one of the worst records on jobs and the economy in the Senate. During his time in the Senate, time and again he has supported “free trade” agreements that have come before the Senate for a vote.
Tag Archives: economy
Our economic base is crumbling. The U.S. at one point used to manufacture more than any other country in the world. Times have changed significantly and now we rely heavily on imports to survive. The United States has not witnessed a trade surplus since 1975, and since then trillions of dollars have been lost through trade deficits caused by “free trade” on our end. “Free trade” has essentially led to the most massive wealth transfer in the history of the world. That is why we as American citizens need to be alarmed when we hear our elected leaders supporting “free trade” deals such as Senator Mitch McConnell.
It shouldn’t be much of a surprise, but China just took the US’s place in the world’s largest economy according to the International Monetary Fund. By the end of 2014, China will make up 16.48 percent of the world’s purchasing power while the US will make up 16.28 percent. While China has seen significant growth, their manipulative trade policies have inflicted a trade deficit of approximately $1.7 trillion over the last 5 years alone on the U.S. With this massive influx of cash they then use the dollars they accumulate to buy American firms, then ship the jobs back to China to keep the wealth-producing assets there. China’s trade war has cost the U.S. 2.8 million jobs over the last decade. So should we be shocked?
Knowing the harm too much influence in the hands of one group or one individual could have, our Founding Fathers designed a system of government to split up the power so no one faction would have too much authority. At the founding of our nation we established our Constitution as the supreme law of the land and the Founders designed it to strengthen and unify our country while ensuring that individual liberties would be secured.
Unfortunately for us, many of our “free trade” agreements have resulted in closed factories, soaring unemployment, and some communities engulfed in misery.