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.
Tag Archives: economy
The country’s largest solar panel factory is just about to open near Buffalo River in New York. This is causing a major economic boom in the state because of jobs and savings on energy cost across the state. The jobs opening aren’t just jobs at the factory but also companies moving to the state in order to use the cheap clean power.
Signs of America’s economic distress are everywhere. Businesses are either closing down or leaving our shores. Our unemployment rate remains high and unsustainable, and college graduates still face unprecedented hardship when finding a job. Our economy is no longer stable, and it is our failed policies that have led to our current crisis.
According to the U.S. Energy Information Administration , in 2014, energy produced in the United States provided about 89 percent of the nation’s energy needs. The remaining energy was supplied mainly by imports of petroleum. However, only 10 percent of that was renewable energy. The U.S. is one of the largest energy importers in the world. We used to be energy independent until the late 1950s when energy consumption began to outpace domestic production. During this time, the U.S. began to import more energy to fill the gap. It wasn’t until 2005 when imports finally began to decline and exports increased. However, much of our enormous trade deficit has energy to blame.