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.
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