Skip to comments.Are we be better off with the thousands of factories shut down and millions of jobs lost?
Posted on 03/12/2016 6:33:12 PM PST by Jim Robinson
Are we be better off today with the thousands of U.S. factories that have shut down and millions of American jobs lost and the trillions in accumulated debt that we've run up in the last couple decades of free trade?
And, of course, this is due to many factors including such things as:
Unions driving up costs
Cheap labor overseas
Fewer regulations overseas
Lower taxes overseas
And doubly exasperated by poor trade deals?
Or is this all a myth?
Are we better off with cheaper foreign (cheap) goods, fewer U.S. factories, fewer U.S. jobs, higher unemployment and welfare, higher taxes and higher national debt?
Will this spiral out of control until we lose our country?
Is ushering in free trade before (or without) reducing our own costs the equivalent of national suicide?
I thought you were a Cruz supporter, no?
The 0001% are, and that’s who the GOPe cares about.
Amen Jum. The loss of our manufacturing base has nearly destroyed the middle class in this country and without question has added to the breakdown of the nuclear family.
Well said Trump 2016
I think last night changed that for a lot of people......
if you listen to CNBC you would think our service economy is awesome
Sorry bout that. :-)
Well, I just listened to Cruz trying to explain away the factory and job losses and saying it was not the fault of free trade per se, but it was really caused by government, unions, regulations, high labor costs, etc, so I’m just trying to figure out if we’ve put the cart before the horse or what?
Looks to me like we should solve the high cost problems before giving all our jobs and business away.
Jim, this is why we need to reduce the corporate tax down to 4% or less. Not only are our wages higher, but the taxes are, too. Money is being left off-shore and never getting back here for reinvestment, even when it otherwise would be needed.
Agreed. Why any country would voluntarily ship its manufacturing base overseas is entirely beyond me.
The American Industrial Base: don’t fight a world war without it.
No, we’re not better off and it’s time we elect a president that’ll turn it around.
Going by my memories of the 1980s the answer is no, not even close.
I’ve been associated with heavy manufacturing my entire professional life and let me tell you if everyone could see what I’ve seen in terms of how it’s been devastated over the past 30 years y’all would be stunned. What’s remaining is hanging by a thread, under continuous assault by ‘free trade’, cheap labor, and the ever growing EPA.
The corporate tax rate has nothing to do with it. Please.
I'll point out that this is a much more complicated issue than most people realize. I've been saying for years that the number of U.S. factory jobs that have been lost to outsourcing is dwarfed by the number of these jobs that have been lost to automation and technology.
Kudos to the Freeper who pointed out several months ago that U.S. manufacturing employment would have been declining for years even if the U.S. was the only country in the world, and there was no such thing as "foreign trade."
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