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The reason why Obamatrade became law is because of Sen. Ted Cruz,” said Donald Trump’s senior policy advisor Stephen Miller on Monday’s program of Breitbart News Daily. Miller — who had been working for Sen. Jeff Sessions at the time that Sessions led the conservative opposition to Obamatrade in the U.S. Senate— said that Cruz’s “lobbying” effort to fast track President Obama’s Trans-Pacific Partnership “was the difference maker” that enabled fast track to pass. Like Sen. Cruz, Obama had been pushing for fast track to ensure the passage of TPP. Fast track lowers the 67 votes required to pass a...

Manufacturing was the economic growth engine of United States. It helped to create the high paying jobs, improved living standards, national wealth, military might, and tax revenues. Unfortunately, there has been a dramatic decline in the above scenario for the United States in the 21st century. The U.S is rapidly turning into non-Super Power second rate country. Manufacturing is the basis for research and development and National Defense and once represented more than 28% of the jobs in the U.S. Although the absolute number of jobs in American manufacturing was rather constant at about 17 million from 1969 to 2002,...

Recent economic reports, including some by the Economic Policy Institute (EPI), have delved into the devastating damages done to the American economy because of our sky-rocketing trade deficit. It’s no secret that the U.S. trade deficit is high. After all, our trade deficit is responsible for the transfer of over $1 billion a day to foreign countries. The EPI report took it a step further and claimed that our trade deficit increased our budget deficit by between $78.8 billion and $165.8 billion in 2012. Our trade deficit warrants attention because it is a devastating problem that is hurting not only...

As unemployment has taken its toll on the United States, politicians continue to echo that education is the answer to the economic crisis. The question is: how will the well-educated ever provide for themselves when all the means to create wealth are flowing out of the country? Over the past twenty years, the United States has lost a massive number of lower and middle class value-added jobs. These are largely the manufacturing jobs that allowed the United States to support its own needs and export goods, which builds real wealth. However, many major economists predict that job losses should be...

Theoretically, “free trade” sounds like a great idea. Consumers get the benefit of increased competition for their buying dollars, manufacturers get to locate or source from the lowest cost labor pool, and exporters have the opportunity to sell into new markets with no tariffs. Unfortunately, there are fundamental real-world flaws that exist with “free trade” that have led to the most massive wealth transfer in the history of the world. The United States has not witnessed a trade surplus since 1975, and since then $10 Trillion has been lost through trade deficits caused by elimination of tariffs. The most significant...

In recent years the U.S. has been steadily traversing down a path of destruction. While many Americans have begun to open their eyes to America’s plight, most are still oblivious to the factors that led to our downfall. Recently, the media has been touting recovery, but there are numerous urgent changes that need to be implemented before the U.S. can even think that we are emerging from today’s recession/depression. The New Depression The economic decline in the United States began long before the official beginning of the recession in December 2007. The U.S. is not merely experiencing a “down cycle.”...

It won’t help the economy, it won’t stop China, and it will harm certain U.S. industries. President Obama’s top 2016 legislative priority is passage of his legacy-building “free-trade” deal, the Trans-Pacific Partnership (TPP). But the American public is highly skeptical of TPP and its alleged beneficial economic effects. The public has it right. The problems with the deal are legion. Here are a few great reasons to oppose the deal: TPP does not include provisions prohibiting currency manipulation or enforceable penalties for doing so. Currency manipulation has cost the U.S. thousands of factories and millions of jobs over the last...

Establishment economists will defend to the death the idea that trade does not destroy jobs. Yes, I'm serious. They believe that. Really. Instead, they say, job losers move into other jobs so there is no net job loss. They also assume that trade deals cause no change in the balance of trade. This matters because when economists study the TPP and other trade deals, their models find no job losses and no future trade imbalances because those bad things are simply assumed away. Those net negatives cannot happen and are not even worth inquiring about. If you think you observed...

We know that the mainstream media organizations are not working in our best interest. Most TV and Radio networks are owned by large multinational corporations who focus only on wealth and power. Many of these corporations are working with special interest groups, their wealthy owners and corrupt government officials to distract the public from the slew of problems facing the US. This is evident from what we see on TV. We all watch, listen, or read the news in some way. Unfortunately, most of the news manyAmericans are soaking up is skewed and unbalanced. It is impossible to find a...

America was once a prosperous country that was looked upon with envy by foreign nations. In the 1950s our economy was strong and the future looked promising. Our infrastructure was expanding and industrial production was booming. Clearly, we were on the right path. In the past, we produced over 90% of the goods we consumed. Our survival depended solely on the strength of our citizens—the way it should be. Now, the U.S. economy is in shambles. Failed economic policy decisions by our leaders have done irreparable damage and we are suffering.

Those who work for Carrier have learned the costs of global trade on a personal and financial level after the company suddenly announced a move to Mexico.

We can’t continue to live on imports and escalating debts from the debilitating and devastating effects of disastrous “free trade” — which is eliminating our middle class jobs and leaving us with a service (servant) economy!

The World Trade Organization (WTO) has come to represent the most efficient form of colonization the world has ever seen – reaping all the benefits with no downsides of occupation. The corporate agenda of the organization has destroyed the American economy, allowing multinationalists to exploit the world’s cheap resources and put America out of work and out of business.

After World War II, America was on the rise. The Axis powers of Germany, Italy and Japan were defeated. It was time to rebuild. To tighten ties with our allies and help rebuild Europe, new global organizations were created to unite against the perceived next threat to democracy: communism. Thus were the Bretton Woods institutions, the World Bank and the International Monetary Fund, born. Along with the World Bank and IMF came the International Trade Organization (ITO), an agency of the United Nations, and, separately, the General Agreement on Tariffs and Trade (GATT). Even with the GATT, there was no...

“Free trade” sounds great: consumers get the benefit of increased competition for their buying dollars, manufacturers get to locate or source from the lowest cost labor pool, and exporters have the opportunity to sell into new markets with no tariffs. What could be bad about that? Fundamental Flaws In “Free Trade” There are at least two fundamental flaws with “free trade” that have led to the most massive wealth transfer in the history of the world (over $8 trillion has been lost by the United States from 2000-2013 through trade deficits caused by the elimination of tariffs). 1. Impossible to...

“Free trade” would more accurately be called “freedom for other countries to undercut and destroy American domestic production” because in practice that is what is happening. This is an undeniable fact that should be obvious to any consumer or business in this country. Very little of what is consumed here is made by American-owned companies operating in America. This was not formerly the case, and it was not how the wealth of this country was created. Proponents of “free trade” justify their position by saying it is supplying American consumers with access to the lowest cost, most competitive market. However,...

Trump Campaign Senior Policy Advisor Stephen Miller addressed Friday why immigration and trade are key issues in the Republican frontrunner’s campaign. “Well, there is very little right about our trade deals, there is virtually nothing right about our trade deals. We’ve been getting taken to the cleaners by every country we trade with. We have a trade deficit with almost all of our major trading partners. If you look at, for instance, say Japan, and our car trading deficit, or you look at China, where we have hundreds of billions of dollars in trade deficits, so our entire trade policy...

Current U.S. trade policies have become deeply unpopular with a critical mass of Americans — that much is clear from recent primary results and exit polls, and the longer running presidential campaign success of Republican Donald Trump and Democrat Bernie Sanders. Voters mainly, and understandably, fear that their job and wage prospects have been kneecapped by free trade agreements and related policy decisions like ignoring predatory practices by foreign governments. Yet Washington’s decades-long, bipartisan trade strategy has fueled an more fundamental problem — dramatically slowing an already dismal U.S. economic recovery. National economies can’t truly be healthy without enough good...

Most significantly, the TPP does not address a massive cost to U.S. goods and services that has a chokehold on our export levels: foreign Value-Added Tax (VAT) schemes.