The problems with the American economy are easily explained when we look at the so-called “plans” coming from Washington. While Republicans sit at home and Democrats gripe that their solutions for a stronger economy are a compromise, both parties ignore what got us in the economic mess we are now in: “free trade”.
Tag Archives: NAFTA
It’s increasingly clear that so-called “free trade” agreements are no longer about trade. They are now global governance agreements that usurp our Constitution and undermine the power of our elected officials. One of the most disturbing aspects of these agreements is that it is not just foreign interests attempting to affect our laws through trade agreements, but our own companies as well.
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.
The Detroit bankruptcy trial has shed some light on the horrible living conditions of current residents. The water shut offs in the city have harmed citizens across the city. About 15,000 customers experienced shutoffs between April and June. Citizens are testifying at the trial about the hardships that that the water shut offs created and the lack of resources offered by the city to get them back on track. Detroit’s water system serves about 700,000 city residents and 4 million people in southeastern Michigan, but the city-owned water system has about $6 billion in debt that’s covered by bill payments. As of July 1, more than $89 million was owed on nearly 92,000 past-due residential and commercial accounts.
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.”