The United States has not had a trade surplus since 1975. Over $8 trillion has been lost through trade deficits between 2000 and 2014 alone. This is caused by “free trade” on our end and protectionism on the other. “Free trade” has essentially led to the most massive wealth transfer in the history of the world.
Tag Archives: Jobs
In 2013, the United States spent over $300 billion on importing oil. Essentially two-thirds of the country’s entire annual trade deficit can be blamed on oil imports! Oil is sucking hundreds of billions of dollars a year out of the U.S. economy. If we became energy independent, our trade deficit would be cut tremendously. Not only that but our money could begin to go to American-owned energy producers.
The White House and corporatists in Congress passed fast track trade authority to railroad the massive Trans-Pacific Partnership (TPP) through Congress. This awoke a sleeping giant of citizens upset about how it passed and what the TPP would do to America, making the TPP and hot topics for the 2016 elections. Why did they need fast track so badly? Because without it, the TPP wouldn’t stand a chance at passing. With history showing how “free trade” agreements have failed us and the devastating effects of the WTO, this comes as no surprise.
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.
The term “class warfare” has become a commonly used stigma in the United States. Republicans screamed it when President Obama proposed a tax increase on the wealthiest Americans. But the same Republicans who are quick to use the term “class warfare” against anything that affects the rich are largely silent when it comes to policies that target the middle and working class – namely “free trade” agreements.