1.) Free trade cost America jobs.
2.) The old methods of lowering interest rates and taxes were tried to stimulate the production of jobs by giving Americans more money to buy more.
3.) The old methods didn’t work well because Americans weren’t producing anything but houses, health care, excessive government, prison space, the military, mortgage securities and legal defenses against inflated charges by the police.
4.) Those things were stimulated. Chinese production was also stimulated. America built more homes. America outsourced mortgage securities.
5.) America needed more people buying homes so we started giving mortgages to people without verifying their incomes.
6.) America increased the interest rates to burst the bubble on housing prices. With outsourcing and free trade, that bubble was all that was keeping America going.
7.) Housing values dropped. People without sufficient incomes to pay mortgages lost their homes. Dropping housing values decreased jobs.
8.) Suddenly there weren’t sufficient jobs for even the verified incomes. More people lost their jobs. More people lost their homes.
9.) Housing prices dropped further. Mortgages became higher than the value of homes. People lost their life savings.
10.) It started with unlimited and unrestricted free trade and outsourcing.
11.) The predictions of H Ross Perot and Karl Marx have been fulfilled.
12.) Once the dominos started falling, there is no sane choice left but to stop the chain reaction.
13.) Failed companies must be resurrected.
14.) Unlimited Free trade and outsourcing must immediately be arrested by either tariffs or a sales tax on both foreign and domestic products accompanied by a reduction in corporate taxes on American manufacturing and a lessening of the incentives to outsource.