Why Is Obama Visiting Nike To Promote His Trade Bill? - nationalreview.com
Excerpt from this article:
"President Obama's big push for trade
legislation that he says will boost American exports hits the road
Thursday to Portland, Ore., en route to a multibillion-dollar sportswear
giant that exports next to nothing. Nike
made $12.4 billion in profits last year, thanks in large part to 1
million subcontracted workers at factories primarily in low-wage
countries in Asia. For years, the company has faced allegations that a
number of those factories use sweatshop conditions and illegally low
wages to produce sneakers and clothes that Nike then sells in much
wealthier countries. (emphasis mine)
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Recommended reading:
The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy - Patrick Buchanan
Here is an excerpt from this great book:
"No
site better captures yesterday's America than Detroit, forge and
furnace of America's democracy. Detroit is the burned out case of
American cities. The Empire of the Sun has its revenge. Japanese imports
helped kill the city that built the weapons that destroyed the empire.
Now grandsons of the soldiers of the imperial army work at high paying
manufacturing jobs once held by the fathers of ten-dollar-an-hour retail
clerks in Macomb County.
"But why blame the Japanese?
We did it to ourselves. We Americans created a post war trading regime,
in which, over 25 years, Japan bought 400,000 American cars while
selling us 40 million Japanese cars, a ratio of 100:1. One president
after another sat still while a third of America's greatest industry was
shipped off to Japan...
"Americans no longer make
their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a
third of our autos, half our machine tools, and two-thirds of our
textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages
have fallen and the standard of living of American families has
stagnated because of a basic law: the law of supply and demand. The
price of labor has been dropping because the supply of labor has
exploded...
"Having declared free trade and
open borders to be American policy, why are we surprised that corporate
executives padlocked their plants in the Rust Belt and moved over seas?
Why keep your plants here when you can manufacture at a fraction of the
cost abroad, ship your goods back, and pocket the windfall profits that
come from firing $20 an hour Americans and hiring fifty-cent-an-hour
Asians? A pair of Nike's that sells for
$150 in the United States costs $5 in wages to make in Indonesia. Any
wonder that Nike president Philip Knight is the fifth richest man in
America, with $5.2 billion, while his Indonesian workers make 31 cents
an hour?" (Emphasis mine)
More recommended reading:
The $2.6 Billion Dollar Welfare Payment That The U.S. Government Gives To Walmart - thedailysheeple.com
