And some of the worst offenders are the big Wall Street banks. In 2008, Congress passed a $700 billion bailout, paid for by American taxpayers. And the Federal Reserve gave the financial institutions $16 trillion in virtually zero-interest loans.
But just two years later, at a time when the nation was suffering from a huge deficit--largely created by the recession that Wall Street caused--the major financial institutions did everything they could to avoid paying American taxes by, among other things, establishing shell corporations in the Cayman Islands and other tax havens.
We have got to turn this around/ American jobs must no longer be our number one export. We must not only defeat the TPP, we must fundamentally renegotiate our failed trade agreements--including NAFTA, PNTR with China, and other existing trade pacts.
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| 2020 Presidential contenders on Free Trade: | |||
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Republicans:
Gov.John Kasich(OH) V.P.Mike Pence(IN) Pres.Donald Trump(NY) Gov.Bill Weld(MA) |
Democrats:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Mayor Bill de Blasio (D-NYC) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Larry Hogan (D-MD) Gov.Jay Inslee (D-WA) Sen.Amy Klobuchar (D-MN) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Sen.Bernie Sanders (I-VT) Rep.Eric Swalwell (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Gov.John Kasich (R-OH) V.P.Mike Pence (R-IN) Howard Schultz(I-WA) Pres.Donald Trump (R-NY) V.C.Arvin Vohra (L-MD) Gov.Bill Weld (L-MA) | ||
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