General Discussion
In reply to the discussion: How utterly @#$%ed up is it that two-thirds [View all]JDPriestly
(57,936 posts)Our " trade deficit represents borrowing to finance current consumption rather than long-term investment, . . . results from inflationary pressure, [and] erodes U.S. employment, [and] it's bad."
I have explained that in my circle of friends, I can see in several cases how our trade policy has caused businesses to fail, cost jobs and if you go to the grocery store, you see inflation at work. That's true of a most products other than electronics, at least most that I buy.
"Free" trade is costing Americans a lot.
I don't know how old you are, but I am 71 and can compare the situation now to the situation 40 years ago. We are in decline. We have lots of consumer goods on the shelves of the Walmarts in our country, but they are bought on credit, and we pay interest in one form or another for that credit.
"Free" trade is a losing policy.