We will start by the Nafta accord were we lost millions of jobs to lower paid worker in Mexico, Nafta destroyed the American Textile industry.
Then our Government open up trade with China still the American people lost even more millions of jobs to lower paid Chinese workers. And also to artificially low exchange rate with the Chinese Yuan vs Dollar allowing Trade only to flow in one direction East to West , causing more job lose.
This latest down turn we lost another 8.5 million jobs to the financial engineers, who see themselves separated from the Captains of Industry and only see themselves as Paper Flippers using Paper who value has been Derived from something else , leveraging that derivative 30 – 40 times and what did the 697 Trillion notional value of this Paper Build..? Not one single factory.
Fact is if your a Middle class American your an endangered species. The United States State Dept. has been kicking the teeth down the throat of the United States Commerce Dept. for the last 20 yrs. Another words Foreign policy has destroyed U.S. Commerce..e.g. GM being prevented by Treaty from selling all but 5000 vehicle to S. Korea , while S. Korean dealership are in every state in the Union. And what did will receive in return ,,..the right to defend S. Korea from a North invasion,…Gee thax for the Great deal the State dept. cut. Try supporting an Army or Navy when your broke.
The United States of America needs a new Industrial Policy which from and center above everything else and trumpets all other policies. If, not the next down turn we will lose another 8 million jobs and Asia will gain them.
The America People , who have given so much to free the World have been thrown under the bus by their own Government. Now that the World is Free…..Capital is now safe to be transferred by Foreign Banking interest out of the U.S.A and be invested else where around the World….hey Good for the rest of the World….however, once again Bad for the American people.
- John
