US Manufacturing Decline

In 1992, UN Agenda 21 became the scam that would be used to install globalism. It required the destruction of the US economy, but our politicians and corporations were bribed to accept the global warming hoax that was the cornerstone of the plan to establish global governance. Europe wasted $billions on expensive, unreliable wind and solar.

In 1993, NAFTA and WTO allowed US manufacturers the opportunity to off-shore manufacturing. In 1993, US companies had a 35% corporate tax rate, expensive regulations and corrosive labor unions. Their costs were too high, productivity was flat and their quality was poor. They also were developing manufacturing processes to be installed anywhere.

Foreign governments were eager to get US manufacturing and provided cash incentives to companies who would establish manufacturing plants in their countries. The US government policy was to encourage foreign-made products with low tariffs, allowing dumping and piling on regulations and taxes.

The Middle East wars began in 2001 and doubled the US National Debt from $5 trillion to $10 trillion.

Obama was elected in 2008 to wreck the US economy and he doubled the US National Debt from $10 trillion to $20 trillion.

The 2008 financial meltdown was caused by the Community Reinvestment Act of 1993 and HUD anti-discrimination rules that required banks and lenders to give mortgages to unqualified buyers and created a mortgage default crisis.

Obamacare passed in 2009 and destroyed the US healthcare system. Open borders and excessive welfare migrant immigration added to federal government costs.

Norb Leahy, Dunwoody GA Tea Party Leader