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Trade, Taxes, and Banking: The screwed up trading system

11 Aug

Trade

We can’t keep letting American based corporations send American jobs over seas. We must repeal the NAFTA. We must bring the jobs home. If you’re an American corporation you will employ Americans.

These three trade deals would send more jobs over seas call your represenatives and tell them to say no to sending more jobs overseas!

  • Step 1: Get informed about the Korea trade deal
  • Step 2: View instructions for calling to your Representative in Congress below.
  • Step 3: Visit our Trade Vote Tracker to report your Representative’s position and view other activists’ comments on their Representative’s stance on the trade deals

Take Action! Contact your representative today!

Dial (202) 224-3121 to reach the Capitol switchboard. If you are not sure who is your Representative, tell the operator you want to talk to “your House member” and give your zip code. They will connect you – and then follow the script below.

When the office answers, ask for the “Trade L.A.” (legislative assistant). If he or she does not answer, leave a message AND call back and ask for the Chief of Staff – if he or she does not answer, leave a message there also.

“I am from [your town] and I’m calling to urge Representative _____ to oppose the three NAFTA-style trade deals with Korea, Colombia and Panama that Bush signed and Obama is now pushing. The Korea deal is projected to increase our trade deficit and cost many more American jobs. How can we even consider trade deals with unionist murder capital Colombia and tax haven Panama. Our country cannot stand any more job-killing, NAFTA-style trade deals. Is Rep. X for offshoring of American jobs? Does he/she oppose all three of these trade deals? Will he/she vote no to help stop these three job killers? Please keep the American people in mind and start creating real American jobs. Thank you for your time.”

Then, ask to be informed in writing of the Representative’s position.

Let us know what the office said by leaving a brief comment here – even if they don’t yet have a written position, let us know exactly what they said. When you get a written response, please share that also. Your reports will help target undecided Members of Congress and prevent this devastating deal from being passed.

If your Rep’s stance is anything but firmly against the trade deals, please keep calling to keep the pressure on!

http://www.citizen.org/Page.aspx?pid=4732

Trade

How this came about is that one of the chiefs here at MSNBC asked me, “Dylan, how can America create jobs? Should we shrink government? Should we cut spending? Should we increase spending?

The answer — maybe all of the the above — maybe none of the above, because at this point, it’s the wrong question!

To create real jobs, a country must have more money coming in than going out. But we have the exact opposite, with much more money going out that we have coming in!  Until we reverse that trillion-dollar trend, it is mathematically impossible to create sustainable jobs.

There are three main components that the government controls that determine the flow of money: Trade, Taxes, and Banking. I’ll be covering all three.

Let’s begin with Trade. If you look at the math of the so-called free trade agreements such as NAFTA from the Clinton Administration, they put our country at a disadvantage and force american CEO’s to do business that rewards their bottom line, and hurts the rest of us.

All the deals are aimed at making it easier and more profitable to export jobs, send money overseas and keep the cash offshore rather than invest it here at home. I want to use the firm Caterpillar as an example to

They now make a lot of heavy equipment in China.  If they made it here like they used to, it would face a 25% tax from Chinese Government to import, but if they make it in China – NO TAX.

And by the way, Chinese imports to America are taxed at 2.5%.  Now Caterpillar gets a giant discount on equipement build and sold in China.  Jim Owens, the Chief of Caterpillar, his job is to make money for his company and shareholders.  If you or I ran Caterpillar, we’d either export jobs and money to China to make the bottom line, or be fired.

Maybe if our government had the courage to level the playing field, the Jim Owens’s of the world would say “Let’s make it in America.”

But until then, it’s bye bye jobs and bye bye cash, in favor of highly profitable, rigged trade agreements for the profit of a few.  We must level that playing field if we’re going to create jobs in America.

http://www.dylanratigan.com/2011/08/03/job-wanted-jobs-ending-rigged-trade/

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2 Comments

Posted by on August 11, 2011 in Economy, Fairness, Taxes

 

2 responses to “Trade, Taxes, and Banking: The screwed up trading system

  1. Apryl Ruano

    August 14, 2011 at 8:57 am

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  2. hooher tod

    September 4, 2011 at 10:16 pm

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