Our country's economic problems date back to Reagan when we allowed manufacturers to ship our jobs overseas and destroy the tariff system that protected our industrial base. The so-called free trade agreements serve no one except for those trying to destroy unions and our middle class by hiring people to work for slave wages in other countries. Deregulation of our financial system drove the economy into a ditch, because those in the banking, insurance, and stock trading industry care nothing but their own short term gain. Obama's big mistake was believing the republicans were sincere in trying to help. He should not have made compomises by giving a large portion of the stimulus for tax cuts, with no republican support anyway.
We need to get out of the WTO, get out of NAFTA, get back on the tariff system, and tax the hell out of corporations that ship our jobs overseas. |
