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this is old news. Ross Perot's nightmare went into full effect the second NAFTA was signed. We outsourced every possible thing we could and ran up more debt than Perot even imagined we could.
Truthplease
@
2011 Jul 15, 1:18am
It may be old news but is becoming very evident as a base problem. The expensionary monetary policies are evidently not working as this recession drags on. You would think that lower interest rates increases loaning and borrowing and increases consumption. This results in job creation.... but the jobs are overseas. I don't see a change in jobs.
http://research.stlouisfed.org/fred2/data/UNRATE.txt
Will the continuation of an expansionary monetary policy eventually lead to inflation without job creation? We may have to rapidly switch to a contractionary monetary policy which is going to really hurt.
Where are we going to create jobs if they are overseas? One solution is to raise taxes on the wealthy and any business that imports goods or employs people overseas. These business are making huge gains by sending jobs overseas at the expense of American workers which further shrinks the middle class.
I don't think these business owners understand, it is to their benifit to have a strong middle class consumer.
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http://www.youtube.com/watch?v=xQ7kn2-GEmM
Sounds to me that everything Ross Perot was saying about NAFTA is or has been coming true. I think everyone was fixated with jobs in Mexico but we can easily relate that to any jobs exported to a low paid workforce.
So, the global economy and these trade agreements have us by the balls. It creates jobs overseas, lowers or slows our growth which diminishes the middle class, and sucks out our manufacturing jobs while only increasing profits for the invenstors and upper class.
Instead of fixating on taxe increases for the wealthy; we go after the trade agreements that allow them to produce cheap crap and suck out our jobs.