Globalization not the answer for economy

The recent announcement by FedEx that its international shipments have dropped 9 percent though its Memphis hub (airfreight overseas) reinforces the view that globalization is not the way out of our economic mess. The same politicians who gave us “too-big-to-fail” and who keep artificially stimulating the economy are pushing us to export our way to prosperity when the solution is “Made in the USA.”

As small business owners who employ a lot of people, we're faced with an economy that won't budge and a conundrum: Too-big-to-fail companies are betting on us and against us at the same time. How do we win?

We don't - not with our current president (who I like and respect) and not with his opponent (who has a brilliant business mind). We are left to muddle through without any real help for those not big enough to hedge against our own success.

At the end of the day, who lost the economy? It was the politicians who wanted to believe that globalization and relaxed federal controls and oversight were all that was needed for us to grow the economy.

Steve Throssel

Eldora