Quote:35 years of free trade and trickle down economics.

 

The trade deficit is more recent than that. It didn't explode until Clinton took office and nose-dived under Bush (thanks NAFTA). I am not sure how wealth can trickle down in the US when entire job markets are being outsourced to 2nd/3rd-world nations who manipulate their currency to keep wages low. I guess you can say the trickle down is in these foreign nations. Regardless, there are a lot of factors that contribute to this but to just blame free trade and "trickle down economics" is a lefty buzz phrase. Overly free trade does have some blame, but free trade can be extremely beneficial when trading with equally industrialized nations who do not inhibit the trade of goods between each other.

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