A documentary on the well known tale of the rise and fall of Detroit, as it pertains to the free trade market.
Tag Archives: Trade Deficit
We rely on a completely laissez-faire style of domestic policy while all of our global competition is actively lobbying, engaged, focused, subsidized and organized with strategies and tactics to build their own industrial base and dismantle ours. These statistics prove how bad our economy really is.
September 2014 was a record setting month for our trade deficit with China. The United States imported $44.9 billion dollars worth of Chinese goods but only exported $9.3 billion to them. We are nearly buying nearly five times the number of goods from the Chinese as they buy from us! This has nothing to do with the fact that China recently became the largest economy in the world, it has to do with the fact that we have a broken system.
President Obama promised 5 million green jobs during his presidential campaign in 2008. Not only did he fall short by a long way, but in fact lost hundreds of manufacturing companies, laying off thousands of employees. During his 2012 re-election campaign, President Obama promised jobs again, this time promising 1 million manufacturing jobs which he has yet to come close to fulfill. He has only added a little over 189,000 manufacturing jobs. With so little being made in the United States compared to decades ago, we must now more than ever join together and buy American made products.