American manufacturers are screwed. House Democrats sent a letter
to President Obama on Thursday asking him to reconsider a new free trade
agreement in the works that would blow up "Buy America" provisions that
give priority to American manufacturers. Since the 1930's - a "Buy
American" law has been on the books that gives preference to American
manufacturers bidding for government contracts. But the new
Trans-Pacific Partnership trade agreement would essentially end the
preferential treatment - giving no edge to American manufacturers over
foreign manufacturers.
The letter - signed by 68 House Democrats and one Republican -
warned the President that this trade agreement could, "result in large
sums of U.S. tax dollars being invested to strengthen other countries'
manufacturing sectors, rather than our own." Unfortunately - like every
President since Reagan - President Obama is drinking the so-called free
trade Kool-Aid, even though the evidence is clear: we've lost 50,000
manufacturing jobs every single month over the last decade.
We need to ditch free trade and tune out the globalists like Tom
Friedman who are carrying the water for big transnational corporations.
And then we need to get back to protecting our domestic manufacturing
base, like we did for 200 years, based on Alexander Hamilton's 11-point
plan that was put in place under President George Washington and then
ditched by Reagan, the Bushes, and Clinton.
-Thom
(What do you think will make president Obama change his mind? Tell us here.)
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