Trans-Pacific Strategic Economic Partnership Agreement = death to US Manufacturing

1 post / 0 new

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 Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

Latest Headlines

One Iowa Caucus Delegate Comes Down To Coin Toss

The Iowa caucus convener flipped a coin. Bernie Sanders supporters called "heads" and it landed on tails.

Bernie Sanders leads Hillary Clinton by 31 points in N.H.: Poll

Sanders was at 61 percent support in the University of Massachusetts Lowell/7News poll, followed by Mrs. Clinton, at 30 percent

Martin O'Malley suspends presidential campaign after Iowa caucuses

The announcement came after O'Malley barely registered in Iowa against his better-known rivals Clinton and Sanders, failing to meet already low expectations

Comparing 2016 America to 1972 America Doesn't Work

Bernie Sanders' big win in New Hampshire has given his campaign a big boost, but even Bernie knows that there's still a long primary season ahead.

One of the biggest criticisms about Bernie Sanders, one that I hear frequently from pro-Clinton callers, is that Bernie Sanders could be the next George McGovern.

And it's a serious criticism that's being thrown at Bernie.

Powered by Drupal, an open source content management system