U.S. foreign investment is about to overtake U.S. exports as the primary means by which U.S. companies deliver goods to China. And China has 1.2 billion potential customers. Another con job, another defeat for American workers. It was about insuring U.S. corporations access to cheap labor in Mexico. It was designed to convince investors that Mexico was a safe place to do business.
Mexican workers are now worse off.
Which brings us back to the China bill. No, that s not the purpose of the push for the China trade bill. The real goal is, as the Wall Street Journal says, giving multinational corporations free license to invest in a country where wages are extremely low. The U.S. market, already flooded with cheap goods from China, will soon be awash. The Economic Policy Institute estimates that the booming trade deficit with China will accelerate job destruction in the United States over the next decade, with losses in every state.