The Republicans running for President, as well as the Republican leadership, have been putting forth their plans to reverse our economic problems. But, cutting taxes, cutting spending, cutting regulations, and balancing the budget are not going to stop our economic decline.
We deregulated our banking system, deregulated trade laws, passed the “Bush tax cuts,” and ended up with the worst recession since the Great Depression of the 1930s.
Why would doing more of these same actions bring us out of our economic decline, if they could not prevent it in the first place?
But, likewise, the Democrat economic theories of more government stimulus spending will also fail us, as they have over the past 3 years, as we have tried to boost our economy.
Stimulus spending in the form of TARP, bailouts, and trillions in deficit spending have failed to bring our country anything other than a “jobless recovery” and a federal debt exceeding $14 trillion.
The only thing that will reverse out economic decline is to bring our factories and millions of our jobs back to America from China. Industrialization is what created out middle class in the 1950s and 1960s.
As we de-industrialize, our middle class will also disappear. It is obvious that China’s economy is booming with the factories that we sent to them. And we are left with an economy in decline for the foreseeable future.
Free Trade is the economic doctrine which is destroying our economy.