Tag Archives: Trade Deficit

5 Reasons the United States Must Get Out of NAFTA Now!

NAFTA

When NAFTA (North American Free Trade Agreement) was passed, many people feared the worst. The results have indeed been disastrous for the U.S. Economy:

  1. The trade deficit with Mexico has exploded
  2. Mexican wages remain nearly as low as they were prior to NAFTA and are still a small fraction of our average wages
  3. Wealth and power has not filtered to the people. Most of Mexico is still controlled by less than 100 corporations in Mexico
  4. Many of our other trading partners have relocated facilities to Mexico to circumvent other trade agreements with the U.S.
  5. American manufacturing has lost 1 million jobs in the past 20 years as U.S. companies have also moved to Mexico for lower wages and lax regulation

Many American’s Don’t Trust So Called “Free Trade”

freetrade

Usually, anything with the term “free” on it has a positive connotation: free cookies, free appetizer, free purse with the purchase of any item over $45, this salad dressing is fat free. However, using the example of “fat free,”when we ran some studies on supposed “fat free,” we found nasty results. Fat free use to be this great, healthy thing for our bodies and it turned out being the total opposite.

Lack of Jobs is Due to Our Trade Deficit

tradedeficit4

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 our problems. The U.S. is still millions of jobs behind where it was when the Great Recession started, and now has fewer people employed than in 2001. The economy has been unable to create jobs due to America’s massive trade deficit caused by failed economic policy.

A Lack of Leadership Is What Has Left America on the Brink of Collapse

wake up America

In just 30 years the United States has fallen from superpower to third-world status – dependent on imports and debt to maintain a semblance of our former standard of living. Our trade deficit is spiraling out of control, now over $625 billion per year and heading higher. Our factories are closing up and we are losing the ability to produce what we need to live.

U.S. Falling Behind China in Green Energy Technologies

greenjobs

While the U.S. has made strides in increased oil and gas production and higher efficiency standards, we still import much of the oil we use every year, which adds to our massive trade deficit. For every $1 billion in trade deficit we have, we lose 9,000 jobs. We must do a better job of protecting our economy by making sure we are competitive with the rest of the world.

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