Over 16,000 of our best wealth producing companies have been auctioned off, and the U.S. has no authoritative government agency prohibiting the Great American Sell-Off. The great all-American company known as General Electric (GE) is no longer American. GE was bought by Electrolux, a Swedish based company. We are allowing our companies to be snatched up by foreign competitors on the open stock market.
Tag Archives: WTO
Economists want to spend money on our broken infrastructure. In fact, in the latest survey asking leading economists across the nation if they would increase spending on fixing our infrastructure, all 44 agreed. A report by the American Road and Transportation Builders Association estimated that roughly 1 in 10 U.S. bridges, more than 63,000, are in urgent need of repair. Last year, in its annual report card, The American Society of Civil Engineers gave the nation’s infrastructure a D+ grade. The study also estimated the U.S. would need $3.6 trillion in investment by 2020 to deal with its infrastructure problems. But just where would we get this money from?
Is it good news that our retail sales went up in the month of August? The answer is a profound no. What does it tells us? America has become a servant economy. We are a consumer nation. A consumer of cheap foreign made goods. This may be good news for countries like China and Germany who flood our borders with tons of cheap goods that we buy. But for America, it is terrible news that only increases our trade deficit.
“Free trade” agreements our leaders have signed have opened up our borders to disaster. Not only do “free trade” agreements ship our jobs overseas, they take away our sovereignty and allow third-world countries with low food safety standards to bring in contaminated foods. Recently, one of Taiwan’s oldest food factories, Wei Chuan, announced a recall of 12 products. The company stated that since April it had unknowingly used 15.6 tons of oil coming from Chang Guann Company, which recycled the oil from kitchen and industrial waste. To make matters worse, Wei Chuan has a branch in California distributing its goods to America.
Beware of the supposedly “healthy” fish you are consuming. We hear left and right from nutritionists that fish is healthy and good for our bodies. Little do they know, however, that that statement is no longer true since 80 percent of the fish we consume is imported from third-world countries. On top of that, the Food and Drug Administration is underfunded and does not have the resources to inspect more than 1 to 2 percent of the food imports coming in.