http://theeconomiccollapseblog.com
http://albertpeia.com/55reasonstobuyamericanproducts.htm
This
is the time of the year when Americans run out to their favorite retail stores
and fill up their shopping carts with lots of cheap plastic crap made by
workers in foreign countries where it is legal to pay slave labor wages.
By doing this, the American people are actively participating in the
destruction of the U.S. economy. You see, buying products that are made
in America is not just a matter of national pride. It is a matter of
national survival. If we do not support American workers, they are going
to continue to see their jobs shipped out of the country. If we do not
support American businesses, they are going to continue to die off at a
staggering rate. Last year, the United States had a trade deficit with
the rest of the world of 558 billion dollars. More than half a trillion
dollars that could have gone into the pockets of U.S. workers and U.S. businesses
went overseas instead. If that money had stayed in the country, taxes
would have been paid on that mountain of cash and our local, state and federal
government debt problems would not be as severe. As a result of our
massive trade imbalance, we have lost tens of thousands of businesses, millions
of jobs and trillions of dollars of national wealth. Both major political
parties have sold us out on these issues, and we are getting poorer as a nation
with each passing day. We desperately need a resurgence of economic
patriotism in the United States before it is too late.
Yes, I know that it is very tempting
to buy foreign-made products. After all, they are almost always cheaper.
But most people don't often think
about why they are cheaper.
Unfortunately, in the name of
"free trade" American workers have been merged into a global labor
pool where they have to compete directly for jobs with workers on the other
side of the globe that live in countries where it is legal to pay slave labor
wages. This makes employing American workers a tremendous liability.
If a company hires you and pays you
10 to 15 dollars an hour with benefits, how is it going to compete with another
company that pays workers a dollar an hour with no benefits on the other side
of the planet?
Both major political parties are
pushing this emerging "one
world economic system", but it is absolutely killing American
jobs. We have already seen a mass exodus of jobs and businesses out of
this country, and wages for the jobs that remain in the United States are being
forced down because there are hordes of unemployed workers that are willing to
take just about any decent job they can find.
It has become painfully obvious that
our politicians are not going to do anything to help us on these issues, so
what we need is a mass awakening among the American people.
We need to educate people that buying
things that are made in America is good for the economy and that buying things
that are made elsewhere is bad for the economy.
But for now, most Americans are
clueless. They will line up on Black Friday morning and trample one
another in a desperate attempt to save a few bucks on cheap plastic devices
that were made on the other side of the planet.
And they will pay for much of this
"shopping" with credit cards.
Credit card debt is on the rise once
again. In fact, average credit card debt per borrower was 4.9
percent higher in the third quarter of 2012 than it was in the third
quarter of 2011. It looks like most of us didn't learn our lessons from
the last financial crisis.
But not all Americans enjoy the
shopping that is typically involved with this time of the year. One
recent survey found that approximately 45
percent of all Americans think that there is so much financial
pressure associated with the holidays that they wouldn't mind skipping them
completely.
That same poll found that
approximately 41
percent of all Americans would only be able to survive for two weeks
without a paycheck. Many Americans are up to their eyeballs in debt,
their incomes are not keeping up with rising prices, and they find themselves
scratching and clawing just to make it from month to month.
Meanwhile, we continue to destroy our
own jobs and businesses by spending our money on products that have been made
outside the country.
The following are 55 reasons why you
should buy products that are made in America this holiday season...
1. When you buy products that are made in
America you support American workers.
2. When you buy products that are made in
America you support companies that are doing business in America.
3. In 2000, there were more
than 17 million Americans working in manufacturing, but now there
are less than 12 million.
4. The United States has a trade imbalance
that is more than 7 times larger than any other nation on
earth has.
5. Our trade deficit with China in 2011
was $295.5 billion. That was the largest trade
deficit that one country has had with another country in the history of the
planet.
6. In 2011, our trade deficit with China was 28
times larger than it was back in 1990 and more than 49,000 times larger than it was back in 1985.
7. When NAFTA was passed in 1993, the United
States had a trade surplus
with Mexico of 1.6 billion dollars. In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
8. One professor has estimated that cutting
the U.S. trade deficit in half would create 5 million more jobs in the United States.
9. Overall, the United States has run a trade
deficit of more than 8 trillion dollars with the rest of the globe since
1975. That 8 trillion dollars could have gone to support U.S. businesses
and pay the wages of U.S. workers. Federal, state and local taxes would
also have been paid on that 8 trillion dollars if it had stayed in the United
States.
10. According to the Economic Policy
Institute, America is losing half a million jobs to China every single year.
11. The United States has lost an average of
approximately 50,000 manufacturing jobs a month since China joined
the World Trade Organization in 2001.
12. According to U.S. Representative Betty
Sutton, the United States has lost an average of 15 manufacturing facilities a day
over the last 10 years.
13. During 2010 alone, an average of 23 manufacturing facilities
permanently shut down in the United States every single day.
14. Overall, the United States has lost more than 56,000 manufacturing facilities since 2001.
15. The United States has lost a staggering 32 percent
of its manufacturing jobs since the year 2000.
16. Between December 2000 and December 2010, 38 percent of the
manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in
North Carolina were lost and 48 percent of the manufacturing jobs in Michigan
were lost.
17. As I have written about previously, 95
percent of the jobs lost during the last recession were middle class
jobs.
18. Due in part to the globalization of the
labor pool, only about 24 percent of all jobs in the United
States are "good jobs" at this point.
19. Right now, more
than 41 percent of all working age Americans do not have a job, and the
vast majority of the new jobs that are being created are low
paying jobs.
20. The United States now has 10 percent fewer "middle class jobs" than
it did just ten years ago.
21. According to the Economic Policy
Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of
goods that are imported from overseas.
22. As our economic infrastructure is gutted,
formerly great manufacturing cities all over America are being transformed into
festering hellholes.
23. Between 2001 and 2007, the value of
products that Wal-Mart
imported from China grew from $9 billion to $27 billion.
24. In 2001, American consumers spent 102
billion dollars on products made in China. In 2011, American consumers
spent 399 billion dollars on products made in China.
25. The United States spends about 4 dollars on goods and services from China for
every one dollar that China spends on goods and services from the United
States.
26. Back in 1998, the United States had 25
percent of the world’s high-tech export market and China had just 10 percent.
Today, China’s high-tech exports are more than twice the size of U.S. high-tech
exports.
27. In 2002, the United States had a trade
deficit in "advanced technology products" of $16 billion with the
rest of the world. In 2010, that number skyrocketed to $82 billion.
28. The United States has lost more than a quarter of all of its high-tech
manufacturing jobs over the past ten years.
29. Manufacturing employment in the U.S.
computer industry was actually lower in 2010 than it was in 1975.
30. The Chinese undervalue their currency by
about 40
percent in order to gain a critical advantage over foreign
competitors. This means that many Chinese companies are able to
absolutely thrive while their competition in the United States goes out of
business.
31. According to the New York Times, a Jeep Grand Cherokee that costs
$27,490 in the United States costs about $85,000 in China thanks to all the
tariffs.
32. In 2010, China produced more than twice as many automobiles as the United
States did.
33. Since the auto industry bailout,
approximately 70
percent of all GM vehicles have been built outside the United
States.
34. Do you remember when the United States was
the dominant manufacturer of automobiles and trucks on the globe? Well,
in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
35. In 2010, South Korea exported 12
times as many automobiles, trucks and parts to us as we exported to
them.
36. In 2010, China produced 627
million metric tons of steel. The United States only produced
80 million metric tons of steel.
37. In 2010, China produced 7.3
million metric tons of cotton. The United States only produced
3.4 million metric tons of cotton.
38. Today, China produces nearly twice as much beer as the United States does.
39. 85 percent of all artificial Christmas
trees are made in China.
40. Right now, China is producing more than three times as much
coal as the United States does.
41. China is now the number one supplier
of components that are critical to the operation of U.S. defense
systems. How stupid can we possibly be?
42. According to author Clyde Prestowitz,
China’s number one export to the U.S. is computer equipment. According to an article
in U.S. News & World Report, during 2010 the number one U.S. export to
China was “scrap and trash”.
43. All over the United States, road and bridge
projects are being outsourced to Chinese firms. Just check out the
following excerpt from a recent ABC News article....
In New York there is a $400 million renovation project on the Alexander
Hamilton Bridge.
In California, there is a $7.2 billion project to rebuild the Bay
Bridge connecting San Francisco and Oakland.
In Alaska, there is a proposal for a $190 million bridge project.
These projects sound like steps in the right direction, but much of the
work is going to Chinese government-owned firms.
"When we subsidize jobs in China, we're not creating any wealth in
the United States," said Scott Paul, executive director for the Alliance
for American Manufacturing.
44. The new World Trade Center tower is going to include
glass that has been imported from China.
45. The new
Martin Luther King memorial on the National Mall was made in China.
46. The Chinese
economy has grown 7 times faster than the U.S. economy has over the
past decade.
47. The Chinese
economy is projected to be larger than the U.S. economy by
2016.
48. One
economist is projecting that the Chinese economy will be three times larger than the U.S. economy by
the year 2040.
49. In recent
years the U.S. economy has embraced "free trade" and the emerging one
world economy like never before. Instead of increasing the number of jobs
in our economy, it has resulted in the worst stretch of job creation in the
United States in modern history....
If any single number captures the state of the American economy over
the last decade, it is zero. That was the net gain in jobs between 1999 and
2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s,
recessions came and went, but no decade ended without at least a 20 percent
increase in the number of jobs.
50. If you
gathered together all of the workers that are "officially" unemployed
in the United States today, they would constitute the 68th largest country in the
world.
51. China now
holds approximately more than a trillion dollars of U.S. government
debt. If you were alive back when Jesus was born and you had spent a
million dollars every single day since then, you still would not have spent
that much money by now.
52. Jeffrey
Immelt, the head of Barack Obama's highly touted "Jobs Council", has shipped tens of thousands of good jobs out of the
United States.
53. Without
enough good jobs, more Americans than ever before are falling into
poverty. Today, more than 100 million Americans are enrolled in at
least one welfare program run by the federal government.
54. According to
Professor Alan Blinder of Princeton University, 40 million more U.S.
jobs could be sent offshore over the next two decades if current trends
continue.
55. If U.S.
consumers do not start supporting U.S. workers and U.S. businesses, eventually
we will all be so poor that very few of us will be able to afford to buy any
gifts during the holiday season.