This is a 2011 photo of me, standing front of the primary cause of America’s budget deficit.
It is also a photo of our stagnant economy, declining wages and lack of good jobs.
I was standing on Kinmen Island off the coast of Taiwan. The skyscrapers in the background are mainland China.
We built those skyscrapers. We also built the skyscrapers in a lot of places around the world. We built them with our jobs, our industry, our economic base. America has been exporting our industrial base for at least 30 years. Notice, I did not say we’ve been exporting our jobs. We certainly have been sending American jobs away, but unfortunately we sent our industrial base along with them.
60 Minutes ran a story Sunday, October 7, about a Chinese corporation named Huawei. The situation it describes is something of the canary in the mine shaft in terms of warning us about some of the potential consequences of these disastrous policies. You can find it here.
America’s industrial might is being bled out by corporate greed and a government that toadies to the corporations rather than taking care of the American people and the best interests of this country.
All the blather I heard in the first presidential debate on the economy never really addressed this. In my humble opinion, that means they never really talked about our real economic problems. No matter who wins the upcoming election, if he doesn’t do something about this problem, the overall trend of our economy (as opposed to temporary fluctuations) is headed down.