Friday, November 21, 2008

Who Killed Detroit?

How has this Global Economy profited or prospered America?

In the 1950s, we made all our own toys, clothes, shoes, bikes, furniture, motorcycles, cars, cameras, telephones, TVs, etc. You name it. We made it.

Are we better off now that these things are made by foreigners? Are we better off now that we have ceased to be self-sufficient? Are we better off now that the real wages of our workers and median income of our families no longer grow as they once did? Are we better off now that manufacturing, for the first time in U.S. history, employs fewer workers than government?

The US was once the envy of the world - a manufacturing mecca. Then, our friends in Washington, D.C. decided they wanted to "share the wealth" and began parceling out pieces of the pie until the plate was empty. Pat Buchanan recounts the process of how the politicians helped move manufacturing jobs, plants and profits out of this country to other countries.

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