THE SOLUTION TO THE TRADE DEFICIT WITH CHINA, ETC.

THIS YEAR, THE TRADE DEFICIT CHINA IS EXPECTED TO REACH ABOUT 800 BILLION DOLLARS. THEIR GOODS ARE FLOODING THE U.S. MARKET BECAUSE THEY ARE ABLE TO MANUFACTURE GOODS WITH CHEAP LABOR AND WITH THE CHINESE GOVERNMENT’S CONTROL OF THE VALUE OF THEIR CURRENCY TO KEEP PRICES AS LOW AS NECESSARY TO COMPETE WITH AMERICAN GOODS.

ALL THIS, MAY BE AN ADVANTAGE TO THE AMERICAN CONSUMER, BUT IT IS DRIVING THE AMERICAN WORKER TO THE UNEMPLOYMENT LINE WHILE MANY WORKPLACES ARE CLOSING AND MOVING OVERSEAS. OUR STEEL PLANTS ARE CLOSING, WE DON’T BUILD SHIPS IN THE U.S.A. ANYMORE AND OUR AUTO INDUSTRY CANNOT COMPETE WITH FOREIGN MADE VEHICLES.

SOME AMERICANS SAY, TOO BAD, IF THEY CAN’T MAKE DEPENDABLE GOODS AND CAN’T COMPETE, THAT’S PART OF THE AMERICAN PRINCIPAL OF FREE COMPETITION AND THE SURVIVAL OF THE FITTEST.

ALTHOUGH, THERE IS A LOT OF TRUTH IN THAT STATEMENT, THE SAD RESULT IS THAT WE ARE HELPING TO BUILD A COMMUNIST NATIONS WHO HELPED NORTH KOREANS WHEN THEY INVADED OVER THE CHINESE BORDER TO SEIZE A CERTAIN VICTORY AWAY FROM THE AMERICAN FORCES HELPING TO DEFEND THEIR COUNTRY FROM INVASION BY THE NORTH KOREANS IN 1951. THE RESULT WAS A STALEMATE AT THE NORTH-SOUTH BORDERS WHERE MANY THOUSANDS OF AMERICAN SOLDIERS HAVE DIED AND WHERE MORE THOUSANDS HAVE BEEN STATIONED GUARDING THE BORDERS FOR ABOUT FIFTY-FIVE YEARS AND COUNTING. IN THE MEANTIME, THE NORTH KOREANS, COMMUNISTS THEMSELVES, WITH HELP OF CHINA, HAVE BEEN MOBILIZING THEIR ARMIES FOR AN EVENTUAL INVASION OF SOUTH KOREA, WHILE BUILDING A NUCLEAR ARSENAL THAT IS A VERY SERIOUS THREAT TO THE ENTIRE WORLD.

CHINA IS BUYING UP ALL THE OIL IT CAN IN THE WORLD TO FUEL ITS ECONOMY, INCLUDING ATTEMPTED BUYOUTS OF AMERICAN COMPANIES. WE HAVE ALL LOST OUR LEADERSHIP IN THE STEEL, AUTO AND COMPUTER INDUSTRIES WHILE CHINA IS COURTING AIRPLANE MANUFACTURERS TO LEARN OUR TECHNOLOGY AND BUILD PLANES AND WIPE OUT THIS INDUSTRY HERE. OUR COMPUTER TECHNOLOGY HAS ALREADY MOVED FROM THE SILICON VALLEY OF CALIFORNIA TO CHINA. EVEN GOOGLE HAS SOLD OUT TO THEM. THE GREEDY DOMESTIC OIL COMPANIES HAVE EXASPERATED THE PROBLEM BY RAISING PRICES EVEN THOUGH THEIR COSTS TO EXTRACT THE OIL FROM THE GROUND REMAIN CONSTANT.

IF WE NEED TO START A WAR TODAY, WE MAY NEED TO HIRE CHINA TO SUPPLY US WITH THE WEAPONS OF WAR. WOE TO US, IF THE WAR WE WAGE IS WITH CHINA, WHO INEVITABLY WILL BE OUR MAIN ADVERSARY.

FREE TRADE SOUNDS GREAT, BUT, IN PRACTICE IT IS CRIPPLING MOST OF OUR INDUSTRIES. OUR TEXTILES COME FROM EVERYWHERE BUT THE U.S.A. AND WE SOON WILL BE ONLY A SERVICE INDUSTRY COUNTRY, WITH EVERYTHING WE NEED IMPORTED EXCEPT THE CONSTRUCTION INDUSTRY HERE WHICH NOW FINDS ITSELF IN A SERIOUS SLUMP BECAUSE OF OVERBUILDING. EVEN THESE INDUSTRIES ARE FUELED BY ILLEGAL IMMIGRANTS, FLOODING OVER OUR UNPROTECTED BORDERS WILLING TO WORK FOR MIMNIMUM WAGE OR LESS.

IF THIS TREND CONTINUES, ALL OUR CASH WE ARE SENDING TO CHINA WILL BE USED TO BUY OUT ALL OUR ASSETS IN THE U.S. THE JAPANESE HAVE ALREADY MADE SERIOUS INROADS HERE. IF THEY DON’T BEAT US ECONOMICALLY, THE WILL BEAT US MILITARILY, WITHIN THE NEXT FEW YEARS. EVENTUALLY, WE WILL BE REDUCED TO AN AGRARIAN AND SERVICE SOCIETY AND WE MIGHT AS WELL RETURN TO THE FARM, BECAUSE ALL THE WORK FOR OUR COLLEGE GRADUATES AND TECHNICIANS WILL BE OVERSEAS FOR LOW WAGES.

FINALLY, THE QUESTION IS WHAT CAN WE DO ABOUT IT? THE ANSWER IS SIMPLE, INSTEAD OF FREE TRADE WE NEED A FAIR, BLANCED TRADE. FAIR, BALANCED TRADE IS DEFINED IN THIS CASE AS FOLLOWS:

FOR EVERY DOLLAR OF GOODS CHINA OR ANY OTHER COUNTRY SELLS TO THE U.S. THEY MUST BUY AN EQUAL NUMBER OF AMERICAN GOODS IN DOLLARS HERE IN THE U.S. THIS FAIR BALANCED TRADE HELPS BOTH COUNTRIES, EQUALLY AND ELIMINATES THE TRADE DEFICIT, WHILE OUR CASH ASSETS REMAIN IN THIS COUNTRY.

1. WE MUST REPEAL ALL THOSE LAWS THAT ENCOURAGE AND SUBSIDIES COMPANIES TO MOVE THEIR MANUFACTURING OUT OF THE COUNTRY WHILE WE SHOULD, CONVERSELY, GIVING TAX BREAKS TO ALL U.S. COMPANIES THAT EMPLOY LABOR HERE IN THE U.S., AT LEAST TEMPROARARILY.
2. IF A FOREIGN COUNTRY PUTS TARIFFS, EMPLOYS CHILD LABOR OR TREATS US UNFAIRLY ON THE IMPORTATION OF OUR GOODS, WE MUST PUT RECIPROCAL ROADBLOCKS AND TARRIFS ON THEIR GOODS.
3. LABOR UNIONS IN THE MANUFACTURING SECTOR SHOULD BE ELIMINATED AS ONE OF THE PRINCIPAL CAUSES OF OUR NON-COMPETITIVENESS, WORKER COMPLACENCY AND LACK OF CONCERN OF THE INDUSTRY. UNIONS WILL BE UNNECESSARY IF THESE INDUSTRIES MAKE THEIR WORKERS PART OF THE COMPANY AND MANAGEMENT TEAM BY INSTITUTING A FAIR PROFIT SHARING PLAN BASED ON THE PERCENTAGE OF LABOR AND OVERHEAD THE PRODUCT PRODUCED AS AGAINST THE MONETARY INVESTMENT BY THE OWNERS.
4. IN THIS MANNER, WORKERS WILL POLICE THE EFFICIENCY OF EACH FELLOW WORKER AND THE OPERATION IN GENERAL, RESULTING IN THE BEST PRODUCT AT THE BEST PRICE. THIS WILL AUTOMATICALLY RESOLVE THE PROBLEM WITH THE CEO’S AND THE BOARD OF DIRECTORS RAIDING THE TREASURY WITH RIDICULOUS WAGES AND PERKS THAT DRIVE UP COSTS AND ROB SHAREHOLDERS OF THEIR FAIR SHARE OF THE PROFITS. THESE PLUBLIC CORPORATIONS MUST BE CONSTROLLED BY CONGRESS AND THE S.E.C., WITH TOUGH LAWS AND LIMITS ON MANAGEMENT WAGES, STOCK OPTIONS AND RETIREMENT BENEFITS.

CONGRESS HAS THE POWER TODAY TO CORRECT THIS VERY SERIOUS PROBLEM, THE QUESTION IS, AND DO THEY HAVE THE GUTS TO DO IT? INSTEAD OF PASSING LAWS TO HELP THE LARGE NATIONAL CORPORATIONS OUTSOURCE LABOR AND THEIR MANUFACTURING OVERSEAS AS POLITICAL FAVORS, THEY SHOULD BE PASSING LAWS THAT HELP THE AVERAGE AMERICAN, WHO PUT THEM IN OFFICE AND DO WHAT IS RIGHT FOR THE U.S. AND ITS CITIZENS, WHOM THEY SHOULD REPRESENT.

THE INFIGHTING BETWEEN THE DEMOCRATS AND THE REPUBLICANS IN CONGRESS MUST STOP OR THEY SHOULD BE BANNED FROM THE DOORS OF CONGRESS AND THE WHITE HOUSE BECAUSE THE PARTYS AND LOBBYISTS ARE PREVENTING THE SOLVING OF THE COUNTRY’S PRESSING PROBLEMS. OTHERWISE, THE VOTER HAS A SURE WAY TO END IT BY VOTING TO, “RE-ELECT NOBODY’ IN THE NEXT NATIONAL ELECTION IN THE FALL OF 2008.

RESPECTFULLY YOURS,
JOSEPH E. MARINO, SR.