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21 signs that the US economy is being gutted-neutered-defang

Faster horses

Well-known member
...defanged-declawed and deindustrialized




http://theeconomiccollapseblog.com/archives/21-signs-that-the-once-great-u-s-economy-is-being-gutted-neutered-defanged-declawed-and-deindustrialized
 

Steve

Well-known member
#16 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

and many more have never had a job.

#20 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.


Did you know that China now has the world's fastest train and the world's largest high-speed rail network?

yea but we have the most costly empty underused slow trains in the world..
with a neat catchy name.. (amtrak)

Back in 1985, the U.S. trade deficit with China was about 6 million dollars for the entire year.

As mentioned above, the U.S. trade deficit with China for 2010 was over 273 billion dollars.

ever wonder what happened to change it?

President Clinton will close years of political and economic debate Tuesday and seal a major achievement of his administration by signing off on normalized trade with China.Clinton will sign the measure, approved by Congress this year, in a White House ceremony Tuesday afternoon. The president has invited key lawmakers to the South Lawn to witness his signing of the U.S.-China Relations Act of 2000.The bill's passage by the Senate on September 19 capped years of negotiations with Beijing and intense lobbying by the Clinton administration, business and labor interests. The move is designed to open China's mammoth market to U.S. businesses and pave the way for China's entry into the World Trade Organization, ending a 20-year-old U.S. ritual of annually reviewing China's trade status.The bill survived a bruising battle in the House of Representatives in May, and Clinton has hailed the measure as a turning point in relations between the world's richest and most populous nations.Granting permanent, normal trade relations to China is considered the most important U.S. trade legislation since passage of the North American Free Trade Agreement in 1993. But it faced a long campaign of opposition from labor, human rights and conservative groups who wanted to retain the annual review of trade relations with China.

can't help but say.. it but it was one of the biggest political blunders ever made. .and know one seemed to notice..
 
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