Either We Right the Ship or We Will Sink

With the 2014 midterm elections coming up, some are looking toward new hope for the nation and the economy. The months ahead could determine the success or failure of the nation’s economic course; will we right the ship- or sink into the history books as another former superpower?

With each passing day the American labor force is being quietly redeployed into lower-paying service, retail, hospitality, assembly, and distribution jobs. These transient jobs do not support communities, careers, or provide benefits. Is this the career path you envisioned for yourself?

It is apparent that America’s fundamental economic underpinnings are slipping. The evidence continues to mount: U.S. currency is being devalued; the opportunities to produce goods in America have all but vanished; nearly all manufactured goods come from overseas; and we have made almost no effort to restrain other countries from purchasing or bankrupting our industries. Since 1976 we have sold over 16,000 of our best companies to foreign entities, and all of the future profit and technologies will go with them.

As our means to produce wealth diminishes, the American economy is increasingly being financed by foreign nations in ways that do not draw national headlines, but warrant further examination. Foreign nations directly purchase U.S. Treasuries – not only for the return or safety – but to create leverage over our policies, artificially suppress our interest rates to suppress savings, and keep our currency artificially strong which suppresses our exports and rewards consumer spending on imports.

http://economyincrisis.org/content/will-we-right-ship-or-sink-0