Yet, without enthusiasm, I've decided to support Bill Clinton for president. If Bob Dole were to be elected president, there would be an unparalleled war against working people.
The US currently has a trade deficit of $114 billion. Economists tell us that $1 billion of investment equates to about 18,000 (often decent-paying) jobs. Connect the dots. Our current trade deficit is causing the loss of over 2 million jobs. Over the last 20 years, while the US has run up over a trillion dollars in trade deficits, millions of American workers have been thrown into the streets.
The function of trade agreements like NAFTA is to make it easier for American companies to move abroad, and to force our workers to compete against desperate people in the Third World.
We need to address the issue of trade forthrightly and understand that our current trade policy is an unmitigated disaster. Our current record-breaking merchandise trade deficit of $112 billion is costing us over 2 million decent paying jobs. NAFTA, GATT, and Most Favored Nation status with China must be repealed, and a new trade policy developed.
Let's look at some of the components of a sensible trade policy. First, we must recognize that trade is not an end in itself. The function of American trade policy must be to improve the standard of living of the American people. America's trade policy must be radically changed, by committing ourselves to a "fair" rather than "free" trade policy.
The US currently has a trade deficit of $114 billion. Economists tell us that $1 billion of investment equates to about 18,000 (often decent-paying) jobs. Connect the dots. Our current trade deficit is causing the loss of over 2 million jobs. Over the last 20 years, while the US has run up over a trillion dollars in trade deficits, millions of American workers have been thrown into the streets.
The function of trade agreements like NAFTA is to make it easier for American companies to move abroad, and to force our workers to compete against desperate people in the Third World.
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2016 Presidential contenders on Free Trade: | |||
Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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