Our failed trade policies have ushered in unrestricted, open access to American markets, with disastrous consequences. The results have been the destruction of our economic base. In place of tariffs, more and more countries are using border consumption taxes which put our exported goods on an uneven playing field. Businesses are either closing down or off-shoring, and U.S. jobs are being lost. If the United States were to implement a border consumption tax of our own, we could regain the jobs that have been lost to other countries who have used the border consumption taxes against us.
Tag Archives: economy
Since the implementation of the North American “Free Trade” Agreement (NAFTA), the American economy, which was already stagnating, has gone downhill at an increasing speed. When we examine the details of the “free trade” agreement, it is easy to see why it has caused so much devastation. From toxic imports to the flooding of illegal immigrants, NAFTA has all but decimated the United States.
Our once great nation is falling behind the rest of the developed countries in many areas. One of those areas is our infrastructure. In fact, globally the U.S. ranks 16th in quality of infrastructure. America went from having the world’s most modernized roadways and highways in the mid-1900s to an outdated and hazardous infrastructure today. In 2013 we were ranked 19th and last year we went up 3 spots, not because we have improved our infrastructure but because other countries’ infrastructures worsened. When will the United States actually achieve a higher ranking better because of actual improvement and not because of the failures of other countries?
For decades now, we have seen our economy struggle to recover jobs that have been lost to outsourcing. We must now come to the reality that our failed trade policies are destroying our economy.