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Obama's Takedown of Industrial America
American Thinker ^ | October 09, 2010 | By Fred N. Sauer

Posted on 10/09/2010 12:54:51 AM PDT by Ronbo1948

Obama's industrial policy is designed to make America non-competitive in the world economy, destroy millions of jobs, and devastate our manufacturing and industrial capacities. No one will want to invest here, and fewer and fewer U.S. companies will be exporting goods "Made in America." And we have a fierce competitor called China.

How far down this road we already are can be seen in the following data:

During this ten-year period, total exports from the United States to China totaled $424 billion, while exports from China to the United States totaled $2.163 trillion, resulting in a U.S. net trade deficit with China of $1.793 trillion. A symbol of China's takeover of manufacturing is Wal-Mart, one of the largest U.S. importers of Chinese-made goods.

... US based Wal-Mart was responsible for $27 billion dollars in U.S. imports from China in 2006 and 11% of the growth of the total U.S. trade deficit with China alone eliminated nearly 200,000 U.S. jobs in this period.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Miscellaneous; Politics
KEYWORDS: obama; poverty; starvation; treason
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To: BobP
For Americans in general, the solution to this impending disaster is to reverse and cancel NAFTA/GATT immediately, restore our tariff and trade restrictions and set a rule that those manufacturers who want to sell to Americans had better plan on moving back to manufacture in America.

That's the only solution that will work to get us back on track...

A little correction is due tho...It was daddy Bush who organized the Nafta deal...Clinton was the one who signed it...Clinton was against it while he was campaigning...Apparently some one told him that to be given the wand, he'd have to change his tune...And he did...

It was the little Bush who pushed thru and signed up China to the WTO...

With Republicans in charge thru the upcoming elections, things will not change in Washington...

21 posted on 10/09/2010 7:46:37 AM PDT by Iscool (I don't understand all that I know...)
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