Trade
The Problem
- According to the U.S. Department of Commerce in January 2010 our nations trade deficit was $37.3 billion
- Prior to 1971, we had a consistent surplus.What happened?
- Every year the Federal government exerts more and more control over American business, making it harder and harder to succeed. Larger multi national corporations are the only ones that can really compete.
- Due to regulation increasing international bureaucracies like NAFTA, GATT, WTO, etc, "U. S.-owned auto parts companies set up shop [in Mexico]... According to the U.S. Census Bureau, the U.S. now had a $34 billion deficit in cars, trucks, and parts last year with Mexico. Since 1999, some 200,000 auto-related jobs have left Michigan and Ohio." (Business Week March 19, 2008)
Free Trade vs international bureaucracies
- So called "Free Trade Agreements" are more about international bureaucracies than they are about free trade and they are eroding national independence
- Provisions such as it s chapter 11 create an international tribunal that has authority over US law
- John D. Echeverria, a law professor at Georgetown University, said regarding NAFTA tribunals, "This is the biggest threat to United States judicial independence that no one has heard of and even fewer people understand."
- NAFTA is taking America down a similar process that was started over 50 years ago in Europe and has turned into now what is the European Union.
- Unfortunately, my opponent supported NAFTA and is the honorary president of something far more dangerous called the "Trans-Atlantic Policy Network", which dedicated to integrating the United States with Europe.
The Solution
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Eliminate Foreign Aid
Representative Ron Paul (R-Texas) stated, "If our American companies and our American workers have to compete, the last thing they should ever be required to do is pay some of their tax money to send subsidies to their competitors, and that is what is happening. They are forced to subsidize their competitors with foreign aid. They support their competitors overseas via the World Bank. They subsidize their competitors via the Export/Import Bank and the Overseas Private Investment Corporation. We literally encourage the exportation of jobs by providing overseas protection in insurance that cannot be bought in the private sector." - Remove Many Regulations
Expensive regulations give the advantage to foreign companies and also allow corporations to unfairly compete with small businesses who can't afford them. - Lower taxes
Higher taxes make it difficult for US businesses to compete. Companies have gone overseas where they have to pay less taxes. - Work to undo the sovereignty destroying "free trade" agreements