Omaha Steve's Labor Group

Omaha Steve

(99,898 posts) Fri Jul 1, 2016, 04:52 PM Jul 2016

12 ways free trade is ruining nation

Exclusive: Roger Simmermaker warns about No. 1 issue in 2016 election
Published: 06/22/2016 at 9:18 PM

http://www.wnd.com/2016/06/12-ways-free-trade-is-ruining-a-nation/#!

Unless you don’t mind if our country slides into fiscal bankruptcy and oblivion, then trade policy needs to be your No. 1 issue in this year’s election.

Free trade is bad for America, because free trade:

Causes persistent trade deficits
Increases the unemployment rate
Is the main contributor to our budget deficits and national debt
Reduces our national GDP (Gross Domestic Product)

FULL story at link.

2 replies

= new reply since forum marked as read

Highlight:

12 ways free trade is ruining nation (Original Post) Omaha Steve Jul 2016 OP

My two favorites: guillaumeb Jul 2016 #1

Great article. These agreements benefit no one but the 1%'ers here and there. n/t Judi Lynn Jul 2016 #2

guillaumeb

(42,641 posts)

1. My two favorites:

Reply to Omaha Steve (Original post)

Fri Jul 1, 2016, 04:59 PM

Jul 2016

From the article:

•

Makes it harder to find and buy American-made products

And because US made products are harder to find, consumers are sending money overseas rather than re-investing here. Similar to the WalMart model of taking over an area and causing small businesses to fail.

•

Reduces American wages, destroying our capacity to buy

Low prices for Chinese junk at WalMart mean nothing if the unemployed worker cannot buy the junk. Demand drives the economy. Trade deals lead to a lowering of wages for the bottom 80% or so, depressing the demand and thus depressing the economy.

Judi Lynn

(160,707 posts)

2. Great article. These agreements benefit no one but the 1%'ers here and there. n/t

Reply to Omaha Steve (Original post)

Fri Jul 1, 2016, 10:21 PM

Jul 2016

Reply to this discussion