The wealth gap between the rich and the poor in the United States has been widening for far too long and has finally reached a 100-year high. “By some estimates, income and wealth inequality are near their highest levels in the past hundred years,” said Federal Reserve chief Janet Yellen. “I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.” As the rich get richer and the poor get poorer, our economy is sinking and it is sinking fast.
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By looking at cold hard evidence of how “free trade” deals have negatively impacted the U.S. economy, we often wonder how it’s possible that our elected leaders want more. President Obama is asking Congress to give him Fast Track in order to ram through Congress 3 huge trade deals, which one of them alone encompasses 40 percent of world GDP and 25 percent of world trade. By looking at the U.S.-Korean Free Trade Deal (KORUS), President Obama promised that it would increase U.S. goods by $11 billion which would support 70,000 jobs. A couple years later we’ve actually seen exports decline with South Korea, while our trade deficit has increased and we’ve lost 60,000 jobs.
America was once a prosperous country that was looked upon with envy by foreign nations. In the 1950s our economy was strong and the future looked promising. Our infrastructure was expanding and industrial production was booming. Clearly, we were on the right path. In the past, we produced over 90% of the goods we consumed. Our survival depended solely on the strength of our citizens—the way it should be.
Any jobs America has added in recent months are no reason to be optimistic. The truth is the added jobs are overwhelmingly service-sector jobs—not the sort of thing one builds a strong economy with. The true wealth-producing jobs that America used to be famous for elude us still. This is why income inequality is so high, the good jobs have left our shores and we are left to a servant economy with servant jobs.
Many are starting to believe that our Commander-In-Chief is scheming with paid corporate lobbyists to pass new “free trade” agreements that aren’t so much about trade as it is about setting up a new One World Global Government, with giant corporations in charge. These agreements are known as the Trans-Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (TTIP), and Trade in Services Agreement (TISA). The agreement is between the U.S. and 11 other countries including third world countries like Vietnam and Brunei.