Keiser Report: Trade Deficits = Lower Wages (E1500)




from RT

In this episode of Keiser Report, Max and Stacy discuss the new study from the Economic Policy Institute which proves that China’s ascension to the WTO did, indeed, cause nearly 4 million manufacturing job losses. Furthermore, the trade deficit has directly impacted wages negatively to the tune of $37 billion per year. In the second half, Max continues his interview with Randy Voller, the former head of the North Carolina Democratic Party, to find out what to expect in New Hampshire as the race for the presidential nomination to the Democratic Party heats up. What exactly is at stake at this point in the race? And what is the plan for Mayor Bloomberg who doesn’t enter the ballot until Super Tuesday? Will there be a brokered convention? What does that look like?

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