If an enemy was seeking to hire someone to destroy America he might have hired the political leaders who created the foreign, undemocratic World Trade Organization (WTO), job killing North American “Free Trade” Agreement (NAFTA), the disastrous Korean-U.S. “Free Trade” Agreement (KORUS FTA) and the pending unholy trinity of trade agreements – the TPP, TTIP and TISA.
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The rich in America continue getting richer and the poor continue getting poorer. A study done at the Harvard Business School showed that the widening gap between the wealthiest and the lower classes is unlikely to improve any time soon. In fact, 47 percent of the respondents to the study said that over the next three years, they expect U.S. companies to be less competitive and less able to pay higher wages and benefits. “Thriving citizens become more productive employees, more willing consumers, and stronger supporters of pro-business policies,” the study said. “Struggling citizens are disgruntled at work, frugal at the cash register, and anti-business at the ballot box.”
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.
They say that those who do not learn their history are doomed to repeat it. This certainly seems to be the case with our political leaders who, after two decades of North American Free Trade Agreement (NAFTA), are negotiating more “free trade” agreements. This despite the fact that the lessons to be learned from NAFTA are clear and should steer us away from “free trade”.
We’ve already witnessed how harmful “free trade” can be. Under the North American “Free Trade” Agreement (NAFTA) and the Korean U.S. “Free Trade” agreement (KORUS) we’ve seen massive job losses, the decimation of entire industries, soaring national debt, alarming trade deficits, a flood of dangerous imports into our markets and more. We’re even beginning to see a rise in urban decay as businesses close down in big cities, like Detroit, for lack of jobs and the shrinking tax base.