Trade Deficit: Globalists Win-American Working Families Lose

Boulder, CO — The newly formed America First Party is deeply saddened, but unsurprised to see the April trade deficit rise to an all-time record high of $35,900,000,000.00 (35.9 billion dollars). "That is a whole bunch of zeros stacked up against America's working families. Those who support global free trade instead of fair trade had another win in April, they got exactly what they want: dollars taken from the back pockets and kitchen tables of everyday Americans and sent overseas. If our elected politicians are unwilling to recognize that they have made a terrible mistake by engaging us in a global free trade system with agreements like NAFTA and GATT, then perhaps it is time to both question their motives and throw the bums out-replacing them with people who will put America first," said Interim National Chair Dan Charles.

Last year, we ran a trade deficit in excess of 450 billion dollars, a number that will likely be exceeded this year. This is not sustainable. Mr. Charles continued, "As we export jobs and capital, while we import people, we continue down a road that weakens us and puts our economy and our national security at risk."

According to Department of Commerce figures, the overall trade deficit increased by 10.7 percent in the month of April. However, our trade deficit with an increasingly antagonistic China rose by more than 35 percent. "We sold them aircraft and they sold us toys, and they took our money and used it to buy the type of arms that can only be used to threaten our friends and our Navy," said Press Secretary Romelle Winters.

America First Party candidate for New Jersey's 3rd Congressional District Ken Feduniewicz added, "It is long past time that we stopped converting our industrial base into low paying service jobs. Here in New Jersey, our congressional delegation has cost us millions of good paying jobs, with their slavish support for NAFTA and the WTO. When are the American people going to wake up?"

No one seems to care, we are in a Global economy now, don't you know? We gave up manufacturing steel and cars in the interest of fair trade, textiles, electronics and shoes went in the eighties. Now we are importing an increasing amount of agricultrural products. Thank God we still have our 'Service' based economy, and we rule high tech...

OOOPS! P&G To Outsource 80% Of Business-Process Functions There goes those programmers and developers...ah, they were all over paid any way. Everyone knows the American worker is opverpaid, lazy and selfish. You would be better off going overseas like here-Outsource to India where all your sensitive credit card and business data can be performed by underpaid workers in a place where pirated videoes, music, software and data can be purchased on CD ROM for a couple of bucks on almost any street corner

Oh, and the accountants and other white collar types will be on their way shortly as well - red the ad for all the business processes they offer.

We lost the manufacturing economy, but we had the service economy. Soon we'll lose that as well, along with agriculture; the we will get to experience the SLURPEE economy: the one where you experience the exciting task of figuring out how to keep up the $250K mortgage on a couple of $8 an hour jobs!

"We lost the manufacturing economy, but we had the service economy. Soon we'll lose that as well, along with agriculture; the we will get to experience the SLURPEE economy: "

The manufacturing engine drove the economy to our previous good times. Now the country is dependent on the engines of the 'information age' and the 'service economy to propel the nation. We have swapped a successful engine for cheap sneakers and retail jobs.

How will your future 'social security' fare with a reduced population, lower income jobs, and the present raiding of the 'locked box'?

TRADE DEFICIT: Formally termed a balance of trade deficit, a condition in which a nation's imports are greater than exports. In other words, a country is buying more stuff for foreigners than foreigners are buying from domestic producers. A trade deficit is usually thought to be bad for a country. For this reason, some countries seek to reduce their trade deficit by--

establishing trade barriers on imports,

reducing the exchange rate (termed devaluation) such that exports are less expensive and imports more expensive, or

invading foreign countries with sizable armies.

WEALTH: The net ownership of material possessions and productive resources. In other words, the difference between physical and financial assets that you own and the liabilities that you owe. Wealth includes all of the tangible consumer stuff that you possess, like cars, houses, clothes, jewelry, etc.; any financial assets, like stocks, bonds, bank accounts, that you lay claim to; and your ownership of resources, including labor, capital, and natural resources. Of course, you must deduct any debts you owe.
VALUE ADDED: The increase in the value of a good at each stage of the production process. The value that's being increased is specifically the ability of a good to satisfy wants and needs either directly as a consumption good or indirectly as a capital good. A good that provides greater satisfaction has greater value. In essence, the whole purpose of production is to transform raw materials and natural resources that have relatively little value into goods and services that have greater value.
SERVICE: An activity that provides direct satisfaction of wants and needs without the production of a tangible product or good. Examples include information, entertainment, and education. This term good should be contrasted with the term good, which involves the satisfaction of wants and needs with tangible items. You're likely to see the plural combination of these two into a single phrase, "goods and services," to indicate the wide assortment of economic production from the economy's scarce resources.

Wealth is created only by engaging in value-added activities. By the same token, Service sector activities do not create wealth, they merely transfer, redistribute and eventually dissipate wealth as consumption. Thus, as value-added activities move offshore and the U.S. labor force shifts to the Service Sector, wealth is dissipated, not created. And the U.S. standard of living declines as a result.

I'm not quite sure about this. The problem as I see it is that the standard of living in this country is at such a high standard such that we really can't compete in the production of light industrial or heavy industrial goods. And even in terms of High Tech product it would be far cheaper is production is shifted elsewhere. If you try to control such a thing and keep manufacturing at home, the only result would be that the American companies would go bankrupt as a result of high labor costs or they would be so bogged down by the economics that they can't keep up with their competitors in R&D. Now think about it this way, if the standard of living do in fact sink to that of the 3rd world while we keep a fairly high tech infrastructure, industrial base, and labor pool, then we can totally dominate manufacturing and the tech sector. The funny thing is that this situation that I'm describing probably fits China or India far better than it does countries like the U.S or Japan.

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Contacts:
Dan Charles	Interim Chair/Treasurer	1-866-SOS-USA1, ext 4
Romelle Winters	Press Secretary	1-866-SOS-USA1, ext 2
Other contacts available upon request