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Old 14th April 2008, 11:18 AM
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Echos of the 1930s?

http://www.mcall.com/news/opinion/le...,1675377.story

Illegal aliens, socialists are ruining U.S. economy

Capitalism made the United States the economic powerhouse of the 20th century, but our government's anti-American socialist agenda is killing the economy. Some of the harmful effects are evident in malignant trade agreements, illegal immigration, subprime mortgages, and oil supply.

Manufacturing provides the majority of wealth for the nation. In the last 20 years, we have shipped high-paying manufacturing jobs offshore via trade agreements such as NAFTA. China has been a major beneficiary, but the American worker has seen a lower standard of living and reduced purchasing power. The harm to the American workers is evident in the automotive, steel, and electronics industries.

Illegal immigration also has caused immense damage to the nation's economy. One estimate calculates the cost of welfare benefits and fraud at $1 trillion per year. Instead of investing your hard earned money, you are supporting illegal aliens.

Then there is the subprime mortgage crisis, with less-creditworthy borrowers being joined by speculators to create an economic mess with defaulting borrowers and bankrupt finance companies.
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