The High Cost of “Free” Trade

   Many Americans do not know a great deal about international trade between the U.S. and other countries.  What is called free trade is not free.  Here, in a nutshell, is how the Democrat Crooks and the Republican Crooks in our crooked Congress handle trade.  An aide to Congressman X enters his office and says: ” Congressman, here is the trade bill that just arrived at 4:00pm and you will be voting on this bill tomorrow around 11:00 a.m.” 

   ” Why did this come in two different boxes?” asks the Congressman. 

    “Well, the first box contains the first 300 pages and the second box contains the remaining 178 pages.”

    “Well God Bless you for bringing this to me. I would certainly like to stay here and read this, but there are two great parties that I have to attend tonight.”

    The aide replies” ” Is there anything that I can do to help you, Congressman?”

    ” Well. God Bless you.  That depends on how open minded you are and if you know another lady about your age who will join us tomorrow night.”

    ” Oh Congressman.  Your are so funny.  Why don’t I call three or four of your top contributing PAC’s and find out if you are supposed to vote for or against this bill?”

    ” Great idea.  And give tomorrow night some more thought.”

    Now that you know how seriously our Congressional Crooks take their responsibilities, lets look at some facts.  The U.S. has posted a trade deficit for 32 consecutive years.  After this year, it will be 33 consecutive years.  Several years ago, we were borrowing almost $3 Billion each day to pay for the goods and services we import.

    The good news is that today America is the greatest exporter of agricultural products like corn, soy, and wheat.  The bad news is that we may soon become an agricultural importer and become dependent on other nations like we are for oil.

    In 1993, I opposed the North American Free Trade Agreement. I thought that NAFTA would be a disaster.  I was wrong.  NAFTA has been wonderful for the super rich and many multinational corporations.  It has helped destroy the real incomes of  working-middle class Americans, however.

    NAFTA supporters in 1993, claimed American investment would raise the standard of living for all Mexicans while reducing illegal immigration from Mexico to the U.S.   A  fourteen year  study showed that the trade deficit with Mexico was nine times greater than on the day NAFTA was signed.  Also poverty in Mexico has increased and so has illegal immigration to the U.S.

    The U.S. trade deficit on September 23/2010 was about $335.7 Billion for 2010 so far.  Using mathematics to project for the year of 2010, it appears that the trade deficit will be about $419.6 Billion.

    So, what are we to make of all this?  First, I am in favor of trade between the U.S. and other countries with as few  tariffs as possible.  The problems lie with the Congressional Crooks who do not care about the American People and who shift financial obligations to the working-middle class Americans who can least afford it.  Solving this problem is as simple, and as complex, as getting some honest representatives into Congress.

This entry was posted in Economics/Finance, Essays, International News. Bookmark the permalink.

Leave a Reply