Wednesday, January 22, 2014

Free Trade Swamps All Boats

 This article from The Huffington Post says it all on the subject of "free trade", courtesy Alan Grayson.
A picture is worth 1000 words. So let me show you two of them. On the left, our trade balance between 1962 and 1992, before so-called "free trade agreements." And on the right, our trade balance since then:
What sane person could look at these two charts, and conclude that what America needs is more "free trade"?
We have run a trade deficit of at least $350,000,000,000.00 every single year since 2000, with no end in sight. The result is that we have gutted the U.S. manufacturing base, and run up enormous debt to foreigners -- almost $6 trillion ($6,000,000,000,000.00) in U.S. Treasury debt alone.
We buy their goods, putting their workers to work. They buy our assets, driving us deeper and deeper into debt.

No comments:

Post a Comment

Comments are moderated for relevance and civility. Spam is discarded.