As most everyone knows by now, ever more American jobs, recently even white-collar jobs, have been, and are now being, transferred to low-wage workers in other countries. Since 2000, the U.S. has lost 5.5 million manufacturing jobs, with 2.1 million of those jobs being lost in the last two years alone. Since 2001, over 42,400 factories have closed in the U.S., and another 90,000 are considered to be at severe risk of closing. The last time so few people were employed in manufacturing was in 1941, before World War II spending pulled that sector out of its Great Depression slump.•
- helping Wall Street and corporate war industries make profits like never before,
- being responsible for the deaths and illnesses of hundreds of thousands of American troops in Iraq and Afghanistan,
- greatly expanding our overseas bases, and
- spending us into the toilet so that even the IMF is now looking at America cross-eyed, the way it used to look at 3rd-world countries.
Why is America suffering so much from a recession that Germany largely bypassed? by Cyrano's Journal Today, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.