If we are to survive as a nation we must change our economic policies now.
Tag Archives: economy
People were finally beginning to talk about the Trans-Pacific Partnership and about how President Obama wants Congress to give him Fast Track Trade Authority in order to pass more “free trade” deals. People were starting to talk about the lack of good quality jobs in America and about how most people can’t support a family on a minimum wage salary. But, what happened? Yet another distraction from the media shifts our attention away from what is really important.
We have been hearing from mainstream news that the economy is sluggishly improving, but is it really? How could it be improving when foreclosures are at an all time high in New Jersey? How could it be getting better when American company Radio Shack is on the verge of selling out and desperately looking for capital? How could it be improving when American companies like Burger King strategically buy Canadian based Tim Horton’s in order to move its headquarters to Canada to avoid paying our high corporate tax rate? How can it possibly be getting better when the vast majority of the jobs in our country are now service industry jobs like flipping burgers. These jobs are acceptable for teenagers looking to make extra money, or seniors who are retired and looking for a little extra cash. However, they are inadequate for head of households looking to feed their families, pay for a mortgage, bills and gas. These jobs are not enough to pay back student loans for college graduates.
For 2014 the United States is set to have a record trade deficit with China. As of October of this year our deficit has totaled $284 billion. With two more months to be included, that number could rise into the mid 300’s. Our trade deficit is especially harmful as this money leaves our shores and comes back to buy out our companies and land. This has nothing to do with the fact that China recently became the largest economy in the world, it has to do with the fact that we have a broken system.