Trade deficits = lower wages (E1500)

On this episode of Keiser Report, Max and Stacy discuss a new study from the Economic Policy Institute which proves that China’s ascension to the WTO did, indeed, cause the loss of nearly four million manufacturing jobs. Furthermore, the trade deficit has directly impacted negatively on wages 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 Democratic Party’s presidential nomination 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?