For made-in-America read made-in-Canada/UK/Greece/Spain etc., depending on your place of residence
And remember that every cheap item from Asia, Africa or the Middle-East that you do not buy from WalMart or some other emporium for foreign sweatshop products means more pressure on the governments of China, BanglaDesh, Indonesia, etc., etc., to rebalance their domestic economies and allow their own citizens to consume more of what they produce and thus achieve an immediate increase in standard of living.
By Michael, The Economic Collapse Blog, November 19, 2012: This is the time of the year when Americans run out to their favorite
retail stores and fill up their shopping carts with lots of cheap
plastic crap made by workers in foreign countries where it is legal to
pay slave labor wages. By doing this, the American people are actively
participating in the destruction of the U.S. economy. You see, buying
products that are made in America is not just a matter of national
pride. It is a matter of national survival. If we do not support
American workers, they are going to continue to see their jobs shipped
out of the country. If we do not support American businesses, they are
going to continue to die off at a staggering rate. Last year, the
United States had a trade deficit with the rest of the world of 558
billion dollars. More than half a trillion dollars that could have gone
into the pockets of U.S. workers and U.S. businesses went overseas
instead. If that money had stayed in the country, taxes would have been
paid on that mountain of cash and our local, state and federal
government debt problems would not be as severe. As a result of our
massive trade imbalance, we have lost tens of thousands of businesses,
millions of jobs and trillions of dollars of national wealth. Both
major political parties have sold us out on these issues, and we are
getting poorer as a nation with each passing day. We desperately need a
resurgence of economic patriotism in the United States before it is too
late.
Yes, I know that it is very tempting to buy foreign-made products. After all, they are almost always cheaper.
But most people don't often think about why they are cheaper.
Unfortunately, in the name of "free trade" American workers have been
merged into a global labor pool where they have to compete directly for
jobs with workers on the other side of the globe that live in countries
where it is legal to pay slave labor wages. This makes employing
American workers a tremendous liability.
If a company hires you and pays you 10 to 15 dollars an hour with
benefits, how is it going to compete with another company that pays
workers a dollar an hour with no benefits on the other side of the
planet?
Both major political parties are pushing this emerging "
one world economic system",
but it is absolutely killing American jobs. We have already seen a
mass exodus of jobs and businesses out of this country, and wages for
the jobs that remain in the United States are being forced down because
there are hordes of unemployed workers that are willing to take just
about any decent job they can find.
It has become painfully obvious that our politicians are not going to
do anything to help us on these issues, so what we need is a mass
awakening among the American people.
We need to educate people that buying things that are made in America
is good for the economy and that buying things that are made elsewhere
is bad for the economy.
But for now, most Americans are clueless. They will line up on Black
Friday morning and trample one another in a desperate attempt to save a
few bucks on cheap plastic devices that were made on the other side of
the planet.
And they will pay for much of this "shopping" with credit cards.
Credit card debt is on the rise once again. In fact, average credit card debt per borrower was
4.9 percent
higher in the third quarter of 2012 than it was in the third quarter of
2011. It looks like most of us didn't learn our lessons from the last
financial crisis.
But not all Americans enjoy the shopping that is typically involved
with this time of the year. One recent survey found that approximately
45 percent
of all Americans think that there is so much financial pressure
associated with the holidays that they wouldn't mind skipping them
completely.
That same poll found that approximately
41 percent
of all Americans would only be able to survive for two weeks without a
paycheck. Many Americans are up to their eyeballs in debt, their
incomes are not keeping up with rising prices, and they find themselves
scratching and clawing just to make it from month to month.
Meanwhile, we continue to destroy our own jobs and businesses by
spending our money on products that have been made outside the country.
The following are 55 reasons why you should buy products that are made in America this holiday season...
1. When you buy products that are made in America you support American workers.
2. When you buy products that are made in America you support companies that are doing business in America.
3. In 2000, there were
more than 17 million Americans working in manufacturing, but now there are
less than 12 million.
4. The United States has a trade imbalance that is
more than 7 times larger than any other nation on earth has.
5. Our trade deficit with China in 2011 was
$295.5 billion. That was the largest trade deficit that one country has had with another country in the history of the planet.
6. In 2011, our trade deficit with China was
28 times larger than it was back in 1990 and more than
49,000 times larger than it was back in 1985.
7. When NAFTA was passed in 1993, the United States had a trade
surplus with Mexico of 1.6 billion dollars. In 2010, we had a trade
deficit with Mexico of
61.6 billion dollars.
8. One professor has estimated that cutting the U.S. trade deficit in half would create
5 million more jobs in the United States.
9. Overall, the United States has run a trade
deficit of more than 8 trillion dollars with the rest of the globe since
1975. That 8 trillion dollars could have gone to support U.S.
businesses and pay the wages of U.S. workers. Federal, state and local
taxes would also have been paid on that 8 trillion dollars if it had
stayed in the United States.
10. According to the Economic Policy Institute, America is losing
half a million jobs to China every single year.
11. The United States has lost an average of approximately
50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
12. According to U.S. Representative Betty Sutton, the United States has lost an average of
15 manufacturing facilities a day over the last 10 years.
13. During 2010 alone, an average of
23 manufacturing facilities permanently shut down in the United States
every single day.
14. Overall, the United States has lost
more than 56,000 manufacturing facilities since 2001.
15. The United States has lost
a staggering 32 percent of its manufacturing jobs since the year 2000.
16. Between
December 2000 and December 2010,
38 percent of the manufacturing jobs in Ohio were lost, 42 percent of
the manufacturing jobs in North Carolina were lost and 48 percent of the
manufacturing jobs in Michigan were lost.
17. As I have written about previously,
95 percent of the jobs lost during the last recession were middle class jobs.
18. Due in part to the globalization of the labor pool,
only about 24 percent of all jobs in the United States are "good jobs" at this point.
19. Right now,
more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are
low paying jobs.
20. The United States now has
10 percent fewer "middle class jobs" than it did just ten years ago.
21. According to the Economic Policy Institute, the U.S. economy loses
approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
22. As our economic infrastructure is gutted, formerly great manufacturing cities all over America are being transformed
into festering hellholes.
23. Between 2001 and 2007, the value of products that
Wal-Mart imported from China grew from $9 billion
to $27 billion.
24. In 2001, American consumers spent 102 billion dollars on products made in China. In 2011, American consumers spent
399 billion dollars on products made in China.
25. The United States spends
about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
26. Back in 1998, the United States had 25 percent
of the world’s high-tech export market and China had just 10 percent.
Today, China’s high-tech exports
are more than twice the size of U.S. high-tech exports.
27. In 2002, the United States had a trade deficit
in "advanced technology products" of $16 billion with the rest of the
world. In 2010, that number skyrocketed
to $82 billion.
28. The United States has lost
more than a quarter of all of its high-tech manufacturing jobs over the past ten years.
29. Manufacturing employment in the U.S. computer industry was actually lower in 2010
than it was in 1975.
30. The Chinese undervalue their currency by about
40 percent
in order to gain a critical advantage over foreign competitors. This
means that many Chinese companies are able to absolutely thrive while
their competition in the United States goes out of business.
31. According to
the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.
32. In 2010, China produced
more than twice as many automobiles as the United States did.
33. Since the auto industry bailout, approximately
70 percent of all GM vehicles have been built outside the United States.
34. Do you remember when the United States was the
dominant manufacturer of automobiles and trucks on the globe? Well, in
2010 the U.S. ran a trade deficit in automobiles, trucks and parts
of $110 billion.
35. In 2010, South Korea exported
12 times as many automobiles, trucks and parts to us as we exported to them.
36. In 2010, China produced
627 million metric tons of steel. The United States only produced 80 million metric tons of steel.
37. In 2010, China produced
7.3 million metric tons of cotton. The United States only produced 3.4 million metric tons of cotton.
38. Today, China produces
nearly twice as much beer as the United States does.
39. 85 percent of all artificial Christmas trees
are made in China.
40. Right now, China is producing
more than three times as much coal as the United States does.
41. China is now
the number one supplier of components that are critical to the operation of U.S. defense systems. How stupid can we possibly be?
42. According to author Clyde Prestowitz, China’s number one export to the U.S.
is computer equipment. According to an article in U.S. News & World Report, during 2010 the number one U.S. export to China was
“scrap and trash”.
43. All over the United States, road and bridge
projects are being outsourced to Chinese firms. Just check out the
following excerpt
from a recent ABC News article....
In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.
In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.
In Alaska, there is a proposal for a $190 million bridge project.
These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.
"When we subsidize jobs in China, we're not creating any wealth
in the United States," said Scott Paul, executive director for the
Alliance for American Manufacturing.
44. The
new World Trade Center tower is going to include glass that has been imported from China.
45. The new Martin Luther King memorial on the National Mall
was made in China.
46. The Chinese economy has grown
7 times faster than the U.S. economy has over the past decade.
47. The Chinese economy is projected to be larger than the U.S. economy
by 2016.
48. One economist is projecting that the Chinese economy
will be three times larger than the U.S. economy by the year 2040.
49. In recent years the U.S. economy has embraced
"free trade" and the emerging one world economy like never before.
Instead of increasing the number of jobs in our economy, it has resulted
in the worst stretch of job creation in the United States
in modern history....
If any single number captures the state of the
American economy over the last decade, it is zero. That was the net gain
in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from
the 1940s through the 1990s, recessions came and went, but no decade
ended without at least a 20 percent increase in the number of jobs.
50. If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute
the 68th largest country in the world.
51. China now holds approximately
more than a trillion dollars
of U.S. government debt. If you were alive back when Jesus was born
and you had spent a million dollars every single day since then, you
still would not have spent that much money by now.
52. Jeffrey Immelt, the head of Barack Obama's highly touted "Jobs Council",
has shipped tens of thousands of good jobs out of the United States.
53. Without enough good jobs, more Americans than ever before are falling into poverty. Today,
more than 100 million Americans are enrolled in at least one welfare program run by the federal government.
54. According to Professor Alan Blinder of Princeton University,
40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.
55. If U.S. consumers do not start supporting U.S.
workers and U.S. businesses, eventually we will all be so poor that very
few of us will be able to afford to buy any gifts during the holiday
season.