Futures America

America's businesses, especially its manufacturing sector, is currently being devastated by the movement or outsourcing of jobs and the country's industrial base to overseas countries.  Since 2000 alone over 42,000 American factories and businesses have been closed and relocated to overseas locations.  During this period it is estimated that over 1,591,000 jobs were sent to locations outside the United States. If current trends continue an estimated 3,320,000 jobs will be exported/outsourced by 2015.  And according to the U.S. Census and other data trade imbalances continue to grow as goods from these outsourced factories pour through U.S. ports, most tariff free.  For example the trade imbalance with Communist China in 1985 was only $6 million. In 2011 this imbalance had increased to $295,456,510,000 (that's billions).  Since 2001 when China entered the World Trade Organization the United States trade deficit with that country alone has exceeded $1.9 trillion dollars, the greatest transfer of wealth from one nation to another in the history of mankind for comparable period. This, along with similar trade imbalances with the European Union accounts for much of the miracle of the "new" China.  And according to the 2011 U.S. Census, similar trade imbalances (deficits) existed for many other countries including Japan ($62,642,950,000), Mexico ($64,486,900,000), Taiwan ($15,516,100,000), and India ($14,651,500,000), among many others.  Again according to the Census, the U.S. foreign trade deficit in 2011 alone was $559,880,000,000 (again, that's billions).  No nation can continue to export this number of factories and good jobs and remain healthy, strong and free.  And those exporting these jobs and factories continue to get wealthier as they no longer pay Social Security taxes, medicare taxes, property taxes, workers compensation, President Obama's health tax, product development sales taxes, and living wages to U.S workers among many of the other costs of doing business in this country, to produce and import their products to this country.  Between 1979 and 2007 the income for the wealthiest Americans, a large number responsible for exporting these factories and jobs, increased 275% and for the average middle class only 40%.  This disparity continues to increase.  This section will discuss current business activities and provide recommendations on how to improve this situation.
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