Six key general policy failures that have contributed to our current economic destabilization:
Tag Archives: NAFTA
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. One look at our current condition and present direction will clearly show we are in a mode of self destruction. When will we wake up to the realization that some of the agreements we have signed, most specifically NAFTA, the KORUS FTA and our agreement with the WTO, are preventing us from doing what is in our best interest?
Few are aware that NAFTA (North American Free Trade Agreement) has rendered us uncompetitive in the world economy, has destroyed our industrial base, caused us to outsource most of our production, and killed most of our manufacturing jobs.
Americans are angry about the economy. Americans are angry about job losses. A huge number of those job losses are a result of the North American Free Trade Agreement (NAFTA) and other similar agreements. NAFTA is a “free” trade agreement that allows companies to ship our jobs to Mexico then sell goods back to the U.S. duty- and tariff-free, putting Americans out of work and shuttering our factories. President Obama snuck into office by promising to renegotiate NAFTA, but he has done nothing about it. In fact, he has made our trade situation even worse.
NAFTA cannot be called anything but an economic disaster for the United States, but that is not to say that profits have not been made. Multinational corporations have seen their profits grow as a result of NAFTA, but those profits have not created jobs in the United States. When the public is sold on free trade agreements, they are told that free trade agreements create economic activity through increased trade. Unfortunately for American workers, that economic activity usually means a few rich individuals are profiting at their expense.