For the last 30 years or so, the policy makers of the US have been steadily de-industrializing America. They have been pushing the agenda of globalization. Because of NAFTA, GATT and corporate, short-sighted greed, millions of jobs have been shipped out, to now be done slave laborers at a fraction of the cost. The US is now the worlds largest debtor. The latest fiasco with GM really shoves it in our face. The US taxpayers give GM money to move their factories off-shore. While everyone is complaining about that, which does stink, the banksters make of with trillions, saddling taxpayers with more debt then can ever be repaid. This is why they invested so much money in Obama, so he could sell the whole world the lemon of globalization. The article below sums it up, but in the end its not good for China either, because who will buy their slave labor goods when there are no good jobs anymore, and everyone is up to their eyeballs in debt.
Posted on June 9, 2009 by gunxclimber