In the 1990s, we were told that elimination of trade regulations would raise everyone's standard of living. Ross Perot disputed this and said that he heard a "giant sucking sound" as American jobs and prosperity would whoosh out of this nation and into others. I personally questioned the wisdom of these actions at the time, but as a young man, I trusted to what I thought was the superior wisdom of the two major parties that both supported free trade. In retrospect, however, didn't Ross Perot have it right? In the quote above, one of the developers of Reaganomics, Paul Craig Roberts, suggests that the offshoring of jobs has only made the wealthy wealthier. There was a Perotian "giant sucking sound" of American wealth out of our country and into China. And since the US economy was in a rut, the Fed, under Greenspan, creating artificial growth in the economy by maintaining very low interest rates that encouraged debt. Ultimately, the housing bubble was created by opportunities that the financial sector identified as a means of capitalizing on even more debt. Hence, they became richer still, but at the expense of everyone else. Where is the debate about free trade and the offshoring of jobs? The two major political parties don't appear to want to have this discussion. The mainstream media don't want to have this discussion. And as long as Wall Street can keep getting wealthier from artificially low interest rates and speculation on our failure, they sure won't encourage this discussion.