Politicians kill the constitution Don't re elect anyone Politics in America

Monday, October 4, 2010

Trade War Is Here -- and We've Disarmed

We know this. Here is a perspective not clearly made. Businesses who sell to the public look to their customer base. America has 300 million people. China has a billion MORE potential consumers than the US. India about 800,000 more than in the US. Investors consider each a better option than the US as a place to invest their money.



Do the math. Why is it we are losing and why are American companies and the wealthy spending their spare cash ( tax breaks ) moving jobs there? As a market we are 1/3 of their income now and shrinking along with our economy. The wealthy here are not stupid but but they are also not very concerned with out own future because their incomes are becoming less dependent on our middle class spending. And the more they outsource the less we have to spend and the less important we are as a market. It is a downward spiral our own tax dollars have been funding.



We may be doomed already, to becoming the next third world nation, albeit one with super power status, because we are just not that important as a market any longer. We allowed big business to sell us down the river in part because of tax breaks and other incentives to outsource.



Check my article. http://www.joethevoter.org/too-big-for-glenn-beck.html
Read the Article at HuffingtonPost