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Economic commentary: Downsizing America

by Tony El

Created on: June 05, 2009

The United States government now owns nearly seventy percent of the once poster child of America's automotive manufacturing dominance, General Motors. America is losing its textile, technological, financial, and manufacturing relevancy, world relevancy for that matter, by the minute. Things have gotten so bad that for the first time there is serious discussion about reducing the United States credit rating and removing the U.S Dollar from the world reserve currency. Not that these events haven't been on a slope downward for over the past 16 years, or so, but the speed of the decline seems to have quicken to light speed over these 12 months, particularly referring to the collapse of the American auto industry, and economy as a whole. But, why? Is anyone honestly asking that question? Does anyone care? Or is there some sporting or entertainment program that has your attention more?



It was just in 2007 the United Nations reported that Americans were the most productive in the world. But, now we have to import the cheapest of labor and export our most valued manufacturing and technology resources and infrastructure to those that are not only less productive, but possess ill intentions towards America, as in Communist China and Russia? Is it just me, or is there something in this glass of milk that seemingly isn't clean?

Over the past twenty years, since Communist China was allowed into the World Trade Organization and granted permenant favorite nation status by papa Bush, America has witnessed a gradual systematic erosion of its strategic domestic industries, such as technology and manufacturing, to Communist China. Ever since the North American Free Trade Agreement/Treaty [NAFTA], followed by a rash of similar "free trade" agreements/treaties, there has been an expedited diminishment of our ability to feed, clothe, produce, or defend ourselves. The word "globalization" seems to mean that the American people have to take it between the cheeks again. We seem to be only good for consuming what is produced in other countries. We seem to be the best customers of everyone to produce and sell to, but not for us to produce and sell to ourselves within our borders. Over the past eight years we have witnessed an invasion of illegal immigrants, particularly from Mexico, which has crippled lower and middle class wages. Over the past twelve months we have been bystanders to the most overt takeover of authority of our nation's finances from the elected Congressional representatives

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