Fruits of so­cial­ism

The Washington Times Weekly - - Letters To The Editor -

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

Man­u­fac­tur­ing pro­vides the ma­jor­ity of wealth for the na­tion. In the last 20 years, we have been ship­ping high-pay­ing man­u­fac­tur­ing jobs off­shore via ma­lig­nant trade agree­ments such as NAFTA and WTO. 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 worker is ev­i­dent in the au­to­mo­tive, steel, and elec­tronic in­dus­tries.

Il­le­gal im­mi­gra­tion has caused im­mense dam­age to the na­tion’s eco­nomic health. One es­ti­mate cal­cu­lates the cost of wel­fare ben­e­fits and fraud at one tril­lion dol­lars per year. In­stead of in­vest­ing your hard-earned money, you are sup­port­ing il­le­gal aliens.

The sub-prime mort­gage cri­sis was cre­ated by our gov­ern­ment threat­en­ing to sue mort­gage com­pa­nies for dis­crim­i­na­tion un­less they pro­vided mort­gages to il­le­gal aliens. Th­ese less-cred­it­wor­thy bor­row­ers were joined by spec­u­la­tors be­cause of the easy credit terms. We now have an eco­nomic mess with de­fault­ing bor­row­ers and bank­rupt fi­nance com­pa­nies.

Lastly, so­cial­ists in our gov­ern­ment have been re­strict­ing the drilling and re­fin­ing of oil in the United States for years. This so­cial­ist ini­tia­tive has ar­ti­fi­cially in­creased the cost of oil and food prod­ucts (through the man­u­fac­ture of bio-fu­els). Tom Panik Beth­le­hem, Penn­syl­va­nia

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