While many politicians blame the lack of jobs on the federal budget deficit, it is actually America’s trade deficit that is the root of many of our problems. The U.S. is still millions of jobs behind where it was when the Great Recession started. The economy has been unable to create jobs due to America’s massive trade deficit caused by our failed economic policy.
Tag Archives: Trade Deficit
One of the concerns facing the United States today is that we no longer manufacture what we need to sustain ourselves. We rely on imports and absurd amounts of debt to sustain our standards of living and consumption. Our leaders have also fallen into the bad habit of selling off our most valuable assets and profitable companies to over-seas interests.
Not only has “free trade” led to the largest transfer of wealth in the history of the world, but trillions of American dollars have been lost due to the removal of tariffs, resulting in trade deficits. Additionally, “free trade” agreements are nearly impossible to enforce because they assume that every participating country will play by the same rules. This is seldom the case.