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The Cleveland Plain Dealer has the audacity do ask its readers this question Do foreign trade deals help or hurt U.S. workers? We have miles of streets with empty stores and empty factories. Millions of workers have lost their jobs and businesses due to free trade. The trade deficit has broken records for years but this is put off as being just an economic measurement. No one asks where did the money go. The industrial revolution wasn't over. The free traders just sent it out of our country. More than a million lost their jobs in the computer industry while the news reports concentrated on the rust belt jobs that were lost because it was obsolet. This was our response to the Plain Dealer's question: ( I know most newspaper and news channels will likely bury this letter but someone somewhere needs to take up the challenge and tell it like it is. THE AMERICAN DREAM IS BURNING – OUR ECONOMY BASED ON MAKING MONEY ON MONEY INSTEAD OF MAKING THINGS IS BURNING AWAY Even former Federal Reserve Chairman Ben Bernanke said the best way to stimulate the economy is to "buy domestically produced goods." Free trade is an economic nightmare. Our own federal government sponsored the moving of factories outside of the U.S. starting in 1956. It was suppose to be a temporary program but it never ended. Somewhere along the way, the program was labeled free trade although it was not about trading products but moving production anywhere in the world for the sake of cheaper labor for the sake of investments. The value of workers and labor was degraded and deflated. This represents trillions of dollars in value lost forever. This value is a real asset. It is the best way to grow value. It is a better money standard than all the funny money created out of nothing by the Federal Reserve. This money has to go through a lot of manipulations to grow value. The greater the value of workers and labor is – the greater our economy is. The more money some one has to buy things, the money adds value along the way. It recycles our economy. The more values that remain local, the more money there is. With free trade economics, all the money spent at the retail or end user level quickly fans out to where the products are made and the investments reside. It does not stay in place to recycle our economy. And cheaper imports cost jobs. Our middle class production worker class was smashed by free trade. A new working poor class was created and it is not able to support free trade economics. Many of the working poor need government assistance and private charity to survive. In 1995, President Clinton had to bail out the free trade process by rushing billions of dollars to Mexico to save the peso and the Mexican economy. This happened even though more than 4,000 U.S. factories were moved to Mexico. The flood of Mexican workers coming to America seeking economic survival continued. Free trade was a failure. The Cleveland Plain Dealer headlines in the 1990s were about major companies and businesses closing down or firing workers. Free trade has produced the most massive dislocation of jobs in U.S. history including the Great Depression. Millions of workers lost their jobs and it was not only in the rust belt. More than a million workers in the computer industry lost their jobs, More than a 1000 computer businesses in just Ohio, Michigan and Pennsylvania closed down. Hundred of major computer manufacturers across the country closed down too. Others moved their production outside of the U.S. Other headlines followed telling about the record breaking bankruptcies, home foreclosures and trade deficit . The hurricane in New Orleans exposed a vast previously unreported under class living in a silent depression. The same applied to other major cities in our country proving our unemployment rate was fiction. Not much has changed. Then in 2008 President Obama had to bail out free trade economics by borrowing trillions of dollars from the future. He bailed out big money interests, investment communities, banks,wall street and the "too big to fail" corporations. He ignored the suffering of millions who lost their jobs and businesses. There were too many businesses " too small to save." They were put on the economic rubbish heap. And so it goes. The globalist free traders have been bailed out and the Plain Dealer has the nerve to ask us if free trade economics is good or bad. God help us now. Just think what all the lost values and money could have accomplished for out country and for that matter the whole world. We could have had many humanitarian programs instead of war. http://tapsearch.com/ray-tapajna-journals http://tapsearch.com/bewildered-global-economy http://ray-tapajna-tapsearcher.page.tl Ray Tapajna - Tapsearch Tapart News - Advocate for workers dignity, local economiies, real world trade and real free enterprise
The Cleveland Plain Dealer has the audacity do ask its readers this question: Do foreign trade deals help or hurt U.S. workers? We have miles of streets with empty stores and empty factories. Thousands of workers have lost their jobs due to free trade. In the 1990s their headlines were all about jobs losses, factory closing, free trade deficit breaking records, business and personal bankruptcies breaking records and home foreclosures with about 40 million Americans need food. This was our response: THE AMERICAN DREAM IS BURNING – OUR ECONOMY BASED ON MAKING MONEY ON MONEY INSTEAD OF MAKING THINGS IS BURNING AWAY Even former Federal Reserve Chairman Ben Bernanke said the best way to stimulate the economy is to “buy domestically produced goods.” Free trade is an economic nightmare. Our own federal government sponsored the moving of factories outside of the U.S. starting in 1956. It was suppose to be a temporary program but it never ended. Somewhere along the way, the program was labeled free trade although it was not about trading products but moving production anywhere in the world for the sake of cheaper labor for the sake of investments. The value of workers and labor was degraded and deflated. This represents trillions of dollars in value lost forever. This value is a real asset. It is the best way to grow value. It is a better money standard than all the funny money created out of nothing by the Federal Reserve. This money has to go through a lot of manipulations to grow value. The greater the value of workers and labor is – the greater our economy is. The more money some one has to buy things, the money adds value along the way. It recycles our economy. The more values that remain local, the more money there is. With free trade economics, all the money spent at the retail or end user level quickly fans out to where the products are made and the investments reside. It does not stay in place to recycle our economy. And cheaper imports cost jobs. Our middle class production worker class was smashed by free trade. A new working poor class was created and it is not able to support free trade economics. Many of the working poor need government assistance and private charity to survive. In 1995, President Clinton had to bail out the free trade process by rushing billions of dollars to Mexico to save the peso and the Mexican economy. This happened even though more than 4,000 U.S. factories were moved to Mexico. The flood of Mexican workers coming to America seeking economic survival continued. Free trade was a failure. The Cleveland Plain Dealer headlines in the 1990s were about major companies and businesses closing down or firing workers. Free trade has produced the most massive dislocation of jobs in U.S. history including the Great Depression. Millions of workers lost their jobs and it was not only in the rust belt. More than a million workers in the computer industry lost their jobs, More than a 1000 computer businesses in just Ohio, Michigan and Pennsylvania closed down. Hundred of major computer manufacturers across the country closed down too. Others moved their production outside of the U.S. Other headlines followed telling about the record breaking bankruptcies, home foreclosures and trade deficit . The hurricane in New Orleans exposed a vast previously unreported under class living in a silent depression. The same applied to other major cities in our country proving our unemployment rate was fiction. Not much has changed. Then in 2008 President Obama had to bail out free trade economics by borrowing trillions of dollars from the future. He bailed out big money interests, investment communities, banks,wall street and the “too big to fail” corporations. He ignored the suffering of millions who lost their jobs and businesses. There were too many businesses " too small to save." They were put on the economic rubbish heap. And so it goes. The globalist free traders have been bailed out and the Plain Dealer has the nerve to ask us if free trade economics is good or bad. God help us now. Just think what all the lost values and money could have accomplished for out country and for that matter the whole world. We could have had many humanitarian programs instead of war. http://tapsearch.com/ray-tapajna-journals http://tapsearch.com/bewildered-global-economy http://ray-tapajna-tapsearcher.page.tl
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It is difficult to even start talking about free trade since all the comparisons are based on a false premise that free trade is about trade. Historically trade was about trading something you had for something your trading partner did not have. It never was about sending your jobs to other countries. Rome outsourced their labor and it collapsed but they never called the process trade. Free trade is mainly about moving production from place to place anywhere in the world for the sake of cheaper labor. Free trade economics is about divorcing production from investment and creating an economy based on making money on money instead of making things. Human beings as workers become the main commodity being traded. Workers are put on a world block to compete with one another for the same jobs. One CEO of a large corporations said his company could no longer make any money in the U.S.A. even if his employees worked for nothing. Free trade is economic insanity. The core process is is based on lower and lower wages across the board. It is a road to nowhere. It makes no sense to even use the word trade in discussing it. http://ray-tapajna-info.net/flatworld http://tapsearch.com/bewildered-global-economy
We review Father Sirico's Defending the Free Market at http://tapsearch.com/amazon-friends We also have an article about the Collateral Damage related to the global economy and the so called free market at http:/ethicsbox.com/collateral-damage-includes-us Every action in a globalized world boomerangs back to our own front door.
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Sep 17, 2012