SENDING OUR WEALTH OVERSEAS

Our deficits in trade over the last 3 years have averaged $48 billion. In 2010 alone we gave up $44 billion buying imports versus exports. Projecting the $44 billion over the next 10 years we will give up $440 billion in lost American wealth, jobs, resources, GDP, and other things. What will we get in return? Good will from foreign nations? I don't think so. We will get a lower quality of life, a weaker country, decaying infrastructure, and loss of influence in the world. We have already gone form a creditor nation to a debtor nation. The first step on the road to oblivion of the American way of life.

The following is a partial list of imported manufactured goods from just China alone. Just think what these goods represent in lost American jobs and industries in some cases. More than likely, we see even more lost jobs and industries in the future. One interesting import is in the area of military equipment. what in the world are we thinking when we import military equipment from China? What happens if we suddenly have a cold or hot war (I hope not) with China? Think of the shock when all of sudden we can't get the goods we are used to getting? We are even buying complete aircraft from China. We should be able to build our own aircraft and not have to buy any from overseas!

Why do we have this problem and we can't seem to correct it? It is because of the so-called "Free Trade" agreements where we are essentially "giving away the store." These agreements have been foolishly instituted by both Democrats and Republicans, unfortunately. Instead of "free trade" we should have FAIR TRADE that has appropriate tariffs, quotas, or taxes on imports that at least level the playing field for our domestic manufacturing.

Here is the partial list of imports from China alone:

Food
Paper products
Iron and steel products
Audio visual media
Generators
Transformers
Electrical parts
Oil drilling equipment
Mining equipment
Engines
Pumps
Compressors
heavy construction machinery
Agricultural machinery
Machine tools
Process machinery
Measurement, test, control, and lab instruments
Material handling equipment
Computers
Semiconductors
Telecom equipment
Business machines
Medical and hospital equipment
Civilian aircraft
Railroad equipment
ships and boats
Spacecraft
Automobiles
Footwear
Textiles
Cosmetics
Household appliances
Motorcycles
Toys
TV,VCR, video and audio equipment
Records, tapes, Cds, DVDs
Jewelry
Artwork
Military aircraft and parts