A fair trade relationship between countries is something to be desired. Each country can take advantage of its relative strengths and both countries grow economically. An unfair trade relationship, however, can be as destructive as the fair one is healthy, and can lead to the decline of a civilization. This latter case is precisely the malaise afflicting America. Just look at our relationship with China as an illustration.
Tag Archives: Trade Deficit
A study done by the Southern Education Foundation revealed heartbreaking information. For the first time in history, over 50 percent of U.S. public school students live in poverty. The report shows how children from poor homes has grown for the last 25 years. In 1989, 32 percent of our kids came from homes at or below the poverty line; today, it’s an overwhelming majority of American children. How could this be? “Free trade.” Our jobs have been shipped overseas for cheap labor and we have been left jobless, penniless, and a country filled with students in poverty.
Tonight as President Barack Obama gives his State of the Union Address we can expect to hear about his new tax and spending measures. The president hopes to raise an additional $320 billion dollars this year via new taxes. Rather than use this money to restore our crumbling infrastructure or pay off the national debt, he wants to spend it in other places.
In 1950 one out of every three American workers was employed in the manufacturing industry. America was the manufacturing superpower of the world, and our middle class was both booming and enjoying a high standard of living. We were the richest and most productive country in the world.