Eldridge Blog

A well dressed woman went from booth to booth, recruiter to recruiter, passing out resumes, asking about job openings. Not for herself, rather, for her son. In short she stands as for her son. The woman introduced her Son.

The uncontrolled unemployment in the United States is one of the issues that the country is facing right now in which many of the Americans are keep on asking to have a policy that will bring the problem of under control. However, the current free trade policies are paralleled to the unemployment and the trade deficit. As unemployment decreases, the trade deficit increases as it was being analyzed. And, this only means that until the trade policies is properly fixed; any gains in unemployment will be tempered by expanding the trade deficit. An economy with a massive trade shortfall is indefensible, and it is a must to change the trade policies if the nation wants to prosper.

In fact, the currently official unemployed are 8.2 percent. Various economists estimate the rate at which the economy is considered to be at full employment to be about 4 percent, because even under the best conditions there will be individuals seeking jobs. Indeed full employment is enviable, but under our current policies it would do little to create any long-term prosperity for the United States. In the previous year, the deficit was over $500 billion, but it is estimated at the full employment they would have a trade deficit $750 billion or more. As more Americans get jobs the purchasing power also increases. Unluckily most of the items from the overseas are the best items purchase by the Americans that sends American dollars overseas instead of keeping them in the U.S.

The m...