Tag(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; ; , Add Tags  (less...)
Add to My Group(s)

View Ratings | Rate It

Permalink
View Article Stats      (11 comments)

Middle Class America; Down and Nearly Out:

Add this Page to Facebook!
Submit to Twitter
Submit to Reddit
Submit to Stumble Upon

Tell A Friend
Become a Fan
Get Embed HTML Code
By (about the author)

Become a Fan Become a Fan   -- Page 1 of 1 page(s)

opednews.com

Good Morning Middle America, it's time for your King of Simple dose of reality. Swallow it now and it's the worst thing you'll have to face all day.

When NAFTA was first introduced, I was writing a weekly column and offered to eat a 10 pound crow on the court house steps if Middle America benefited from the agreement. All of my black feathered friends can rest easy; I'm not planning on dining on crow any time soon.

It's hard to believe that NAFTA was signed into law 14 years 3 months and 2 days ago; not that I'm counting. What is more difficult to believe is that just now some of our politicians are beginning to question the wisdom behind that agreement. The ones doing the questioning of NAFTA are running for president and need the votes of those who are unemployed because of the NAFTA .

Mr. William Jefferson Clinton put pen to paper on NAFTA and exactly 12 months later, autographed our entry into the World Trade Organization. Regardless of main stream economists spouting the benefits of both agreements, my personal studies and findings have never changed; these twin tornados leveled the lifestyle of Middle America...forever.

Most days I can quickly find a novel example in the news of the negative impact of foreign competition. Today, Dell Computers announced from Round Rock Texas, that it will cut more than the 8800 jobs previously announced; to remain competitive. This is the same Dell Computer who signed a $52 Billion deal with China for components; to remain competitive.

I'll interpret that last statement, "We can get this work done off shore for far less money than we can in the U.S.; Hasta Luego."

"The entire Dell leadership team is focused on addressing these opportunities and challenges," Michael Dell said. "We believe we've begun the journey to transform the company."

The part about opportunities and challenges means, our stock holders will have greater opportunity to make money and our former employee's will have challenges ever finding another job.

Is this Michael Dells fault? Hardly. Once your competition goes to China, you have two choices, go to China or go broke. U.S. workers cannot compete with Chinese workers earning as little as $.50 per hour. The only way that would be possible would be to lower our living standards to that of the Chinese; which is pretty much the plan.

So when did I come up with the idea that Middle America would be forced down and then out? Around 1980 it became crystal clear to me what was being done to our Middle Class. I made the comment many times that, "foreign standards can't possibly rise to our level, so that leaves us going down to theirs." That comment fell on deaf ears in 1980, but those folks hear me today.

America is in a mess, at least Middle America. Our leaders are either the best liars in the Universe, or truly barn broom dumb. In either case, we lose or we chose totally new leadership.

Why did Ron Paul seem to stick out like a sore thumb? Because he was different and had old ideas to solve new problems. Because he pointed out problems that besiege nations who refuse to follow their rule book. Because, unlike the others, reality and our Constitution are a part of his everyday life.

If I had one wish, it would be for everyone to see our economic future as clearly as I do. Talk to an unemployed Middle Class American who has just lost their job and now faces losing their home. Talk to a Middle Class American who lost their entire retirement to the likes of Bear Stearns or Enron. Ask them what they see, they now have 20-20 vision.

 

www.kingofsimple.com

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

Contact Author Contact Editor View Authors' Articles

 

Share this page: (what's this?)                   Tell a Friend: Tell A Friend

Add this Page to Facebook!      Submit to Stumble Upon      Submit to Reddit      Add This Page to Mr Wong!           NEWSVINE      DEl.ICIO.US      Looksmart Furl      My Web      Blink List     (More...)

Comments

The time limit for entering new comments on this article 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  
11 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Hey, Dude! by John Sanchez Jr. on Friday, Apr 4, 2008 at 11:33:55 AM
john by Mike Folkerth on Friday, Apr 4, 2008 at 12:00:07 PM
brother can you spare a peso? by Wolfie on Friday, Apr 4, 2008 at 5:33:33 PM
Wolfie by Mike Folkerth on Friday, Apr 4, 2008 at 6:11:48 PM
Sounds like Classic Freedman economics by John Sanchez Jr. on Friday, Apr 4, 2008 at 6:40:20 PM
Ron Paul only? Naaah by shirley reese on Saturday, Apr 5, 2008 at 12:22:01 PM
Shirley by Mike Folkerth on Saturday, Apr 5, 2008 at 12:45:22 PM
Kucinich and Ron Paul by Ty on Saturday, Apr 5, 2008 at 3:03:44 PM
Debt by Ty on Saturday, Apr 5, 2008 at 3:13:59 PM
Ty by Mike Folkerth on Saturday, Apr 5, 2008 at 3:24:50 PM
You nailed it again Mike by im4unity on Monday, Apr 7, 2008 at 12:10:03 AM