Put Some
Mountain in the Capitol
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These are not good statistics. These are not good signs for the future. These are not the results of a successful economic policy! Some of the headlines in the "mainstream" media have been just a tad on the misleading side:
US Trade Deficit Improves in February From reading this headline you would think that our trade deficit was improving. However the $65.7 Billion is higher than February of last year and the year-to-date trade deficit is already heading for another all time record high.
Trade deficit drop comes as surprise Once again, this would tend to make you think that our trade deficit situation is improving. But just a cursory glance at the chart above, comprised of the government's own figures shows a steady, year by year deterioration. It has not improved until the last few months average is lower then the same period of the previous year. The last three months average is $26.2 Billion WORSE than the same three month average of the previous year. The "mainstream" media of course has access to the government figures in the cart above. Apparently you the average citizen understand what debt means more than the media. Anyone who has operated their family finances knows that you can borrow month after month, year after year without some negative effects. What we have here is a case of a credit card in your, your family and and your children and grandchildren's name. Just the budget deficit and trade deficit are placing will over a trillion dollars of debt on your credit every year and the "mainstream" media calls this "Improves." Instead of "improving" we are marching down the path of globalization at an ever increasing rate! Have you given any thought what that means to your future, your children's future and most especially your grandchildren's future? If not I hope and pray that you will begin to.
In both his State of the Union speech and on his recent trips to India and Mexico, President Bush virtually guaranteed that the failed policies will be continued. He went so far as to call anyone who is opposed to his style of fiscal irresponsibility - isolationists. Of course he failed to point out to the American people that by his loose standards virtually all of Our Founding Fathers would fit his definition of isolationists. President Bush is destroying Our Founding Principles as fast or faster than any President in our history. He is pushing "globalization!" What is Globalization? Since President Bush chose India as the place to slander Our Founding Fathers lets look at what his idea of globalization means to you, your children and grandchildren. The following is in approximate numbers and only looks at the impact of a true global economy between our country and India. The impact is of course greater when you factor in the entire world.
Note: After publishing this material I received a phone call from a professor in Alabama who raised a valid objection. He stated that these figures are not correct as they represent complete 100% "globalization" which can not occur. He is of course correct so to be more precise we will restate the above more correctly:
Ladies & Gentlemen, this is what we are leaving our children and grandchildren if globalization continues unabated. Except it is actually worse than the above example indicates. That example only considers the population of India, globalization carried out would include not 1 Billion people as in the example, but would include somewhere around 5 Billion. Is this what you voted for? Well it is what you are getting and it is brought to you by both the Republican and Democratic Parties leadership! The Trade Deficit is just one piece of a complicated picture and our elected officials depend on the picture being so complicated that the citizens of our country will not realize what globalization really means. You do not hear this from either of the major parties because they are addicted to the contributions of the proponents of globalization. What a corporate dream, everybody working for poverty wages - except the elite few! Warren Buffett - hardly a Southern Party member - has come to the same conclusion:
Think about that as you read the rest of this article. Lets look at the government's own chart (US Commerce Department) for recent years. This is not a chart of success - it is a chart showing the results of failed policies for the last few years.  Many
do not realize that citizens of my age (I am 57) grew up in a time
when our county was the world's leading creditor nation. Youngsters
today are growing up in a time when our country is the world's
greatest debtor nation.
All of you know that debt can not increase at these rates forever!
Will it be us, the adults whose watch this is occurring on - or will it be your children - or will it be your grandchildren? I hope you will give that some thought, if you do - you will know what the right thing to do is. Instead of addressing this festering problem - the Bush Administration and leading Congressional leaders of both parties passed CAFTA (See: CAFTA passed House by two votes ...) seemingly oblivious to the long term implications of these failed economic polices. But that is just the tip of the iceberg! (US
trade chief see busy agenda for Congress)
But even that statement does not show the extent of this problem. The following statement from the United States Trade Representative (http://www.ustr.gov/) points out plans to establish a NAFTA style give away in the Middle East:
What they call "Free Trade" is misnamed, it is "Expensive Trade" and since this idea narrowly passed Congress in 1992 (NAFTA) our country's international trade position has steadily deteriorated at an ever increasing rate. To repeat the basics (virtually unchanged over last ten years, only gets worse): Continued Decline Factories, call centers, development centers, financial
centers and whole industries
are moving to foreign countries and will continue to do so until
these failed economic policies are changed.
When Americans need the products and services those factories and facilities used to produce - they have to buy imports. As long as more factories move to foreign countries than move to our country, we will export less and import more! The chart on the right shows the long term trend of lost factories as a percentage of the working population in our country. These are jobs moved to foreign countries, so that we lose both the income and have to buy imports.
Meanwhile the Bush Economic Polices (and previous President Clinton's) continue their march into our country's history. Seemingly oblivious to the long term effects of these economic policies the Bush Administration continues the march to globalization!
If all of our remaining facilities ran at 100% capacity this year and exported every bit of additional product - we would still
have a trade deficit! But instead
Until the failed policies are changed - there is nothing to stop the downward trend! Lets repeat that statement, it is very important:
The mushrooming Trade Deficit and Budget Deficits are creating over $1,000,000,000,000,000.00 - 1 Trillion Dollars of debt per year! That is over $3,300.00 of new debt for every man, woman and child in our country - per year! There are very few options on eliminating debt: 1) Repudiate it - At a national level - would mean the US default on all securities and collapse of our economy. At the corporate level means closing the doors and layoffs and reductions in salaries for those remaining on payroll. 2) Devalue the dollar - The long term trend is a devaluation of the dollar. This means in effect an effective lowering of American income in relation of he rest of the world and higher import prices. 3) Inflation - Means you get less value for your dollar so it is in effect worth less. 4) Raise Taxes - Tax rates are rising if you include all of the hidden and embedded fees, costs and regulations. 5) Liquidate assets - This is in effect selling American assets to foreign entities and is the major source of funding for our current debt. Should this be our national policy? With the exception of national repudiation of debt, the other forces above are all in play now, and are the mechanisms that will lower American per capita income to match the rest of the world. You are seeing the small steps in the march to globalization on an ongoing basis. Step by step you are marching toward globalization. It is up to you - the American citizen to decide how long - you - are going to let it continue. The most recent Expensive Trade Agreement - CAFTA - was passed by the narrowest of margins in the US House of Representatives, by one vote. Many of us have voted for and supported members of Congress that turned their back on us under intense Bush Administration and corporate lobbying. You have the power to "retire" these corporate representatives and get replacements who will represent us - not special interests. Every one of the US Representatives that voted for CAFTA (Roll Call Vote: http://clerk.house.gov/evs/2005/roll443.xml#Y) is up for election next year. Panama, Colombia, Ecuador, Peru, Thailand, Tunisia, the UAE, Kuwait, Botswana, South Africa, Lesotho, Swaziland, and Namibia, Russia, Ukraine, Vietnam, Kazakhstan, Peru and Qatar and who knows where else? They are all in process and so far the Democratic and Republicans in Congress have not rejected a single expensive trade agreement since NAFTA in 1992! Just what we need - more empty facilities; less jobs, less exports and more imports. Is this what you want for a national policy? Perhaps we need less Republicans and Democrats, but that is up to you - the citizens. You get what you vote for and you are getting globalization whether you want it or not! You are allowing these elected officials to sell your grandchildren's future with impunity. The Southern Party has released a position statement that would change the failed and misnamed "free trade" to one of FAIR Trade (See: A Southern Party of Georgia Position on solving our country’s Trade Deficit). Unless something is changed, we are marching down the path to globalization. Our children and grandchildren are being dragged along with us and will face the consequences of our actions and pay the price for our irresponsibility. When President Bush gave his recent speech in India, where hundreds of thousands of American jobs have been outsourced, he clearly indicated that there are no plans to change these policies. These policies are designed to implement "globalization" and we close by repeating what this really means:
I appreciate any help in passing this information on to others.
“Nobody
made a greater mistake than he who did nothing References for per capita income:
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Also
from the United States Trade Representative (
of polices to increase utilization
and capacity of our facilities we have government polices in place which
encourages their relocation to foreign countries!