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Free Trade sins and the big lies

Ray Tapana Chronicles - User Friendly summary


Top Newspaper passes on lies about the trade deficit

The Big Lie

For years economic experts like Larry Kudow who regularly reports on the stock market TV channel, tells us the trade deficit is not a bad thing even when it breaks records. None of these free trader globalists mention how the trade deficit is representative of the rate of jobs losses due to loss industry and production. However, when the exports increase even though the represent a very small portion of the match between the trade deficit, the free traders go out of their way on tell us how many new jobs were created. They never do the same about the trade deficit and tell us how many more jobs were affected by the trade deficit

Are all exports really exports

I never heard any report about how many of these exports are products sent to factories that were once inside the USA. There should be another definition for these products because if the factories were still here in the USA, these items could not be classified as exports.

Today per usual, a column on the editorial page in the Cleveland Plain Dealer, is titled Trade report is a healthy sign . The article was taken from an editorial in the Kansas City Star from a McClatchy news synicate. The Plain Dealer and other newspapers use the McClatchy news services frequently and pass on their reports without any local reporter questioning the content.

The editorial report tells us, the U.S. trade deficit was up agan and the deficit was actually good because when imports are rising, the economy is growing. They tell us it displays the vitality needed to draw in goods and services from around the world. They do not tell us how much money is lost when the flow of money induces more spending and that the extra money spent at the retail level does not stay in our country to grow our economy but it goes to where the products are made somewhere else in the world.

Then they tell us, we have a trade surplus with China when it comes to farm products. They tell us the U.S. enjoyed a $4 billion dollar surplus for the first time in four months. A hefty chunk of th farm products are soybeans and most likely corn. Both of these farm products are controlled by massive trans national agricultural corporations based on subsidies that were passed for the sake of small farmers. None of the free traders tell us how these subsidized farm products are mostly from the giant corporate farms and no one tells us how small farmers in China are affected not being able to compete with the subsidized farm products from the U.S.

The McClatchy report says this most recent trade report is an encouraging sign of continued economic health. They have the nerve to say this as millions of workers in the U.S.A can not find jobs and about the job deficit between the number of people looking for work and the number of available job openings is way out of line.

It is bewildering how many are taken in by these big lies and words that really do not make any sense at all. The economic ethics of free traders are non existent. I call it economic free trade sins.

See more evidence about all these contradictions - real world information and resources.
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