Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats

Free Trade: Not the Free Lunch Americans Were Led to Expected

Quicklink submitted by Hugh Campbell     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

Become a Fan
  (2 fans)


Associated Press Survey data points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons more Americans, for at least parts of their lives, are jobless, near poverty or on welfare. The bipartisan governing elite championed free trade as a silver bullet to continuously increase our standard of living. Not unlike hucksters, the bipartisan elite were mum about the rotten apples (unfavorable elements) of free trade. These rotten apples equate to 'economic insecurity': defined as a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line. The risk of economic insecurity has risen to 79 percent for all Americans and is on track to reach 85% by 2030. For most Americans, sweet spot of free trade is in the distant past.

Read the rest of the story HERE:




The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

The goods being produced in the home country and n... by David Chester on Monday, Aug 5, 2013 at 8:14:46 AM
If the 21st century free trade was genuine free ... by Hugh Campbell on Saturday, Aug 10, 2013 at 12:36:17 PM
Hugh is quite right about one thing, there is a st... by David Chester on Saturday, Aug 10, 2013 at 2:13:09 PM