Put Some
Mountain in the Capitol
|
|
The chart at the right is taken - month by month - from the U.S. Bureau of Economic Analysis monthly press releases. These are just the numbers reported by the government. A copy and link to the most recent BEA press release is always at the bottom of the page. This remains a track record of failed economic policies, which apparently are continuing unabated. While most of the new age rocket scientists - economists - claim that they were surprised by the increase over the last couple months. For the most part they publicly state that it was due to petroleum imports. But a look at actual petroleum figures shows how misleading such statements are. Petroleum imports for January through March of 2007 are less than petroleum imports for January through March of 2006! Apparently these economists did not read the governments own figures.
In fact totally excluding petroleum, if we did not import a single drop of oil our trade deficit for the first three months of this year would be:
Those are staggering numbers. Those are signs of failed economic policies! But don't take our word for it. These came from the government's own figures and are easily available at: http://www.bea.gov/newsreleases/international/trade/2007/xls/trad0307.xls When you hear economists and government officials (elected or appointed) blame the trade deficit on petroleum, please understand - they are misleading you!
It is a case of a multi-year deterioration in our international trade position and it will have long term negative effects upon our country if the failed policies are not changed.
What are the long term impacts? This month some of the long term impacts will be documented. These are in addition to the declining value of the dollar and creeping globalization which have been featured in previous months and are continuing unabated. Accumulating Debt One of the most obvious effects of year after year of
unacceptable trade deficits is of course accumulation of debt. It
should be obvious to everyone that excessive debt is not a
If it is not obvious to our elected Republicans and Democrats then they are dumber than a redneck or less honest. Take your pick. By the end of 2006 our accumulative trade debt was just over $6,600,000,000,000.00 ($6.6 trillion) or roughly $20,000.00 per man, woman and child in the entire country. That is a transfer of American wealth to foreign countries and foreign citizens. Do you agree with your elected officials that is a good thing? If so you should jumping with joy and popping the champagne cork, because there is nothing on the horizon to change the trend. At the current rate - the trade deficit it will grow by over $2,000,000,000,000.00 ($2.0 Trillion) every three years. Does this concern you? If so - sooner or later the time will come to begin to think about what you as a citizen can do about it. The sooner the better in our view, but the problem is not going to go way. It will only get worse until enough citizens get concerned or we become a third world country. Declining Foreign Reserves Another measure of a country's international financial
position is the level
The chart at the right shows the graph of our country's foreign reverses for the last few decades. Note that it is virtually flat since the early 1990's. As an educational note for many Republicans and Democrats reading this - that is when NAFTA was passed and entered the era of Expensive Trade Agreements to bolster your campaign contributions. With a rapidly increasing population this is actually a declining position. The per person or per capita reserves is actually decreasing. This graph also shows the same measure for both China and Japan. The effect if this trend is not reversed is that the standard of living in both China and Japan will eventually pass that of our country. It should be obvious that during a period where the country has accumulated over $20,000.00 (and increasing) of foreign debt per person, having $244.00 in the bank to pay the debt is not a good trend. But your elected officials in both the Republican and Democratic parties do not seem to mind.
The chart on the left gives the per person or per capita Foreign reserves for several countries. Even with its much larger population China has more than three times the foreign reserves per person as our country. The wealth created by American Liberty and your ancestors is being squandered year by year. Instead of telling you the Truth, your elected officials, both Republican and Democratic rely on new age economists to explain this dismal performance using mis-leading information. Warren Buffett - hardly a Southern Party member - has come to the same conclusion:
Step by step - your grandchildren's future is being sold on the auction block of special interest influence. Before "political correctness" it would have been called by its real names - "corruption" and "fiscal irresponsibly." It is up to you - the American citizen to decide how long - you - are going to let it continue. What you can do. If you are concerned about these economic policies, at some point you need to ask yourself the question, "what am I going to do about it?" Go back and look at either the chart at the top or other graphs. There can be very little question what the trend is and what you can expect if nothing changes. Are you concerned enough to consider some things that you can very easily do to begin raising awareness of the future problems? If so please consider:
These are simple steps, require very little effort and even the financial request is not a burden. When Republicans and Democrats call you (they can afford telemarketing, many cases using call centers in India to help stabilize salaries in India while they fall in our country) they ask for much more. We need your help more than they do and when you help Republicans and Democrats you get more of the same.
“Nobody
made a greater mistake than he who did nothing
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
E-Mail to a Friend Join Update List Make Contribution Volunteer How To Stay Informed You are visitor number 122,322 to the Elect Mike Crane web site. *** This Page has been viewed 1001 times *** Paid for by Committee to Elect Mike Crane, 725 Ridgeview Road, Morganton, Georgia 30560 - 706-374-4643 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
