"Compared to What?" provides researched information about America's economic issues and problems. Compared to what goes beyond scripted talking points, by gathering historical information on specific topics and issues, then reviewing, evaluating, and reporting the evidence in a "reasoned and thoughtful manner"!
I have been thinking a
great deal lately about all the lost jobs, stubborn 9.1% U.S. unemployment, U.S.
trade deficits, and the entire issue of free trade.
What is Free Trade? Basically, a free-trade agreement
is: "We won't put quotas or tariffs on your products if you won't put
quotas or tariffs on our products"! However, Conservatives and
Progressives have two very different views on “Free Trade.” Conservatives view
the theoretical “free trade”, which theoretically creates a balance of resources between
trading partners. Progressives view the “free trade” that actually happens,
where corporations export high paying jobs to countries with low paid labor,
and limited environmental protections. The best example of this is the trading
partnership between U.S. multinational corporations and the Chinese communist
government. U.S. capitalists get cheap labor, low taxes, and extremely limited environmental
regulations. The Chinese Communists get access to U.S. Consumers, U.S.
Technology, and U.S. Knowhow! I call this relationship CAPUNISUM!
U.S. Trade Practices
Beginning in the 1980’s, the
United States entered into a number of trade agreements, which have lead to
severe U.S. trade deficits for thirty consecutive years.
These trade agreements include: the North American Free Trade
Agreement (NAFTA), membership with 154 countries in the World Trade
Organization (WTO), the Central American Free Trade Agreement (CAFTA), and Free
Trade Agreements with 20 countries.
The United States believes in a
system of open trade subject to the rule of law. For three decades, American
presidents have argued that world trade provides American businesses access to
foreign markets. To function properly, an open trading system requires trading countries
allow fair and nondiscriminatory access to each others markets. History has
shown that open trade, i.e.; "Free Trade” has been extremely damaging to
the U.S. Government and American Workers:
Taxes on foreign made imports significantly reduced government tax revenues.
Taxes on foreign made imports dramatically increased U.S. unemployment.
Why Free Trade is Not Free
Free Trade is extremely beneficial
to a small group of large multinational corporations and their super wealthy
stockholders. Corporate importers are not charged tariff taxes on foreign made
products they import into the United States. Tariff free imports significantly lower
corporate costs, increase corporate profits, and increase stockholder
Full Story: Free Trade my Ass, by Mike Madsen
This open global trade
has devastated the United States economy, and severely starved government revenues in the following ways:
importers are not charged tariff taxes on the goods they import, which provides
a major incentive for multinational corporations to export $15.00 per hour jobs
with 8 hour work days, to countries offering $.80 per hour jobs with 12 hour
work days. The resulting unemployment brought on by “Free Trade” has created
huge losses of payroll tax revenue to the government.
2. No import
tariff taxes dramatically increase the profits of multinational corporations,
which increase shareholders incomes, while eliminating tax revenues to the
Reagan, Bush, Sr., and Bush Jr., tax cuts significantly reduced income and
capital gains taxes on income derived from no tariff-taxed imports, which have created huge losses of tax
revenue to the government.
Free Trade is the New Global Servitude
Full Story: Wanna Trade? by Alicia
“Free Trade” agreements generally
do not increase the economic freedom or liberty of American working class
people. Many U.S. trade partners allow the exploitation of their workers, who
are not free to negotiate wages. These trade partners force U.S. workers
to compete with exploited foreign workers, which gradually forces down the
wages of free U.S. workers, and lowers their standard of living! Thus, “Free
Trade” is nothing more than a way to circumvent the 13th amendment
to the U.S. Constitution, which outlaws slavery and involuntary servitude! So, in this
regard, tariff's on imports actually protect the liberty of U.S. working class