LLS
Did you know the unemployment rate in DC is over 51%?
Thanks for reporting this, Drudge. Now pulled
“Did you know that we are in a full blown depression . . .”
You are correct. The media doesn’t show us the “Obamavilles” spread around the country. Many older RV parks are filled with the permanent unemployed in dilapidated old travel trailers. Tent communities of unemployed exist in wooded areas near many southern cities. Soup lines would be long in every city and town were it not for the food stamp program which keeps us from seeing the 40+ million Americans who are either part of the permanent non-working population or the unemployed whose benefits have expired.
Our government and industry leaders made the decision to outsource much of America’s industrial capacity and over 20 million middle class manufacturing jobs over the last 20 years. Each of those manufacturing jobs would have another 3 private sector jobs in services and distribution associated with it for a total loss of 80 million private sector jobs. The consequences of the grand experiment in “free” trade are now plain to see:
1) Gutting of the American industrial infrastructure
2) The emergence of China as an economic and soon to be military rival of the United States.
3) Unprecedented debt throughout the US economy and an effectively bankrupt US government.
4) The permanent loss of tens of millions of middle class jobs and millions of workers dropping out of the workforce.
5) More than a decade of declining incomes for the majority of Americans for the first time in our history.
6) The emergence of a super wealthy elite class which controls the government and a significant amount of the economy. This elite class has more in common with the elites of other countries Its members prefer to invest America’s resources in social engineering and giveaways abroad instead of domestic economic expansion.
The benefits from the opening up of the US markets to mercantilist competitors have gone to other nations, Wall Street bankers, and Wal-Mart. The American middle class has paid the cost of this experiment in the form of lost opportunity, declining living standards, and less freedom.