“Free Trade” Is a Lie That Won’t Go Away | Economy In Crisis " Why the lack of attention to this issue? There has actually been a great deal of attention, despite persistent “free trade” mantras. In the 1980′s there was tremendous concern among Reagan administration officials that the U.S. was losing its competitive position in the world. Reagan enacted numerous protectionist policies in an effort to stem the hemorrhaging trade deficit. Media attention was centered on a doomsday scenario whereby Japanese and Arab interests would come to own and control everything in this country. Now, a frightening amount of formerly American companies are in the hands of foreign interests. Seventy percent of the American population sees “free trade” as harmful to the economy. Given all this insurmountable evidence to the contrary, why is it that “free” traders continue to sell out the country at the expense of national security and our future generations? The answer is that every person, corporation, and politician tends to do what is in its own short-term best interest, be they motivated by pure profit or reelection. Countries like Japan, Germany and China take great pride in protecting their industries from foreign purchasers. They have government agencies devoted entirely to doing just that. In the U.S., we seemingly do everything to encourage foreign takeovers. Of course, no politician likes being the bearer of bad news. Most are not willing to risk their political careers by saying we must take drastic action to the short-term detriment of many Americans, even though that is precisely what they are charged with doing." So what have you Reagan idolizers got to say for yourselves? Why do you not hold your so-called Reagan following conservative politicians accountable and have them act on this stuff. The TPP is in the works and needs stopping now. Does Asia really need any more of our jobs? Sad to say but Elizabeth Warren is the only politician I've seen publiclly speak against it. She must be more like Reagan than any "conservatives" or libertarians in office.