Obama's Takedown of Industrial America
Obama's industrial policy is designed to make America non-competitive in the world economy, destroy millions of jobs, and devastate our manufacturing and industrial capacities. No one will want to invest here, and fewer and fewer U.S. companies will be exporting goods "Made in America." And we have a fierce competitor called China.
How far down this road we already are can be seen in the following data:
During this ten-year period, total exports from the United States to China totaled $424 billion, while exports from China to the United States totaled $2.163 trillion, resulting in a U.S. net trade deficit with China of $1.793 trillion. A symbol of China's takeover of manufacturing is Wal-Mart, one of the largest U.S. importers of Chinese-made goods.
... US based Wal-Mart was responsible for $27 billion dollars in U.S. imports from China in 2006 and 11% of the growth of the total U.S. trade deficit with China alone eliminated nearly 200,000 U.S. jobs in this period.
(Excerpt) Read more at americanthinker.com ...
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