Detroit was once a manufacturing giant—the 4th largest city in the United States, with a high employment rate and brimming with blue collar jobs. Now its unemployment rate hovers above 16 percent, and its population has shrunk so now it is only the 18th largest city. This quick erosion of the tax base has left Detroit with $18 billion in debt and no hope of recovery in sight. This caused the city of Detroit to declare bankruptcy.
Tag Archives: NAFTA
“Free Trade” is a Disaster! When will we wake up to the realization that some of the agreements we have signed—most specifically our agreement with the World Trade Organization (WTO) and our agreement with Canada and Mexico, the North American Free Trade Agreement (NAFTA)—are preventing us from doing what is in our best interests? Currently, we are being controlled and directed–told what to do–by other nations, for their benefit and to our detriment. Our current direction in so-called “free trade” is not just hurting us–it is destroying us.
An NBC News survey unveiled what has been slowly becoming more evident as years go by. The results uncovered that only 31 percent of Americans think free trade is good to buy products at low prices no matter what country they come from. This means that the majority of Americans don’t see value in the so called “free trade” agreements that our leaders have been forcing down our throats.