General Discussion
In reply to the discussion: Why is there a crusade against Apple products but not foreign cars? [View all]coldmountain
(802 posts)$12 Billion/Month Auto Trade Deficit Ignored By Media
Finally, here is Dr. Charles McMillion writing at Manufacturing and Technology News the other day, Motor City Dies, But The Big Wheels Keep On Turning: (emphasis added, for emphasis) (Please click through and read the whole thing. Its important.)
Ignored by the media, the U.S. Commerce Department routinely records $12 billion monthly trade losses for the countrys auto industry. There was no reporting earlier this year when it was officially noted that auto trade losses including trucks and parts rose last year to an annual world record of $146.9 billion. Since 2000, auto industry trade losses total $1.7 trillion as low-wage or heavily subsidized foreign-produced imports continue to devastate highly productive American jobs and wages, slash tax revenues and public services, and undermine U.S. financial independence requiring massive domestic as well as foreign borrowing. Especially in Americas Motor City, families, businesses and communities have been devastated. Now, with Detroits bankruptcy, more dreams and promises are being broken and debts unpaid.
http://ourfuture.org/20130814/blame-the-auto-trade-deficit-not-detroits-workers-2