Letter: Something must be done to bring jobs back to U.S.

Published 8:05 pm Tuesday, July 7, 2020

Getting your Trinity Audio player ready...

In 1960, my senior year in high school, the teacher in a government class told us there are three ways a country has wealth. We can grow or raise it, and our farmers and ranchers are doing a good job with this one. We can mine it, which we are down to oil and a few other minerals. We can manufacture it, which we were doing a great job up until 1994 when both parties approved NAFTA. Then in 2001, China was OK’d to join the World Trade Organization.

The corporate tax rate was 38.5% in 2001. Corporations then started the mass exodus of jobs to China. A total of 3.7 million jobs have been lost to China since 2001.

President George W. Bush attempted to get China to revalue their currency but was not supported by both parties, and nothing was done.

Email newsletter signup

President Obama said, “The relationship between the United States and China is the most bilateral relationships of the 21st century,” and nothing was done.

Our trade imbalance from China has ranged from $300 billion to $500 billion during the last 19 years. China has used this money to build a massive army and infrastructure.

President Trump is the first president to try to take action to bring jobs back to America. He has had very little support from both parties.

China is willing to wait us out, knowing we may elect another president who will leave things as is. I do not trust China, and if we continue to send our wealth over there, we will have to deal with a biger superpower than ourselves.

Russel Tordoff

Glenville