Balancing the Trade would eliminate the need for a bailout & stimulus package

The profiteers need to stop running the country's trade policies.

The balance is around $800 billion, which would afford Americans a lot of homes, health care and eventually money to reduce the federal deficit. Right now, America has nothing to back credit with.

America is not doing anything constructive to eliminate this problem. Infact, they're muffling it out. I'm not against free trade, but I'm against trade used to exploit America's welfare. The American people can do little to defend themselves and at this point compete. It's about a zerosum game and we're supposed to play to win.

Links:

http://www.telegraph.co.uk/finance/markets/2813630/China-threatens-'nucle...
http://www.epi.org/content.cfm/indicators_intlpict_20080215
http://www.nytimes.com/external/idg/2008/10/23/23idg-Chinese-blast-M.html
http://www.data360.org/graph_group.aspx?Graph_Group_Id=68
http://www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm
http://www.census.gov/foreign-trade/statistics/highlights/top/top0810yr.html
http://www.america.gov/st/econ-english/2008/December/20081203154212berehellek...

audio from the NAM response to NAFTA critisms.
http://www.youtube.com/watch?v=XW5kbCze5ro

Category:

News & Politics

Tags:

• obama
• bush
• economy
• subprime crisis
• foreclosures
• trade deficit
• federal deficit
• balance of payments
• federal reserve
• stimulus package
• bailout
• manufacturing
• unemployment
• depression
• recession
• politics

[newcovertedchristian]

Good vid one of your better points is that by holding US money in reserves the world is inflating our dollar and therefor pushing companies overseas and making it more appealing for americans and the rest of the world to buy cheaper chinese or mexican made goods. One thing about NAFTA that i find rather insane is that it is pushed out as a "free trade" agreement but it is 20,000 pages long, no free trade agreement needs to be 20,000 pages long its FREE trade FREE.

[therealcaptobvious]

you have to watch these guys.

watch?v=hKAZUit88Qo

They have a website backed by people with PhD, former Congressmen and Senators and journalists that specialise in economics. THe stuff that the media is telling us is promotion or "propoganda".

The "Made in China" stuff I've owned were both expensive from the retailer and not that good in quality. I don't think it will kill American consumers to bring back production to the U.S.

[djsherin]

I can see an agreement needing to be made between 2 countries, for instance, I'll lower my tariffs if you lower yours. But it seems that that should be routine business, not something that needs to be called NAFTA, CAFTA, etc. I'm just suspicious when the government makes free trade agreements as part of policy rather than just having free trade AS a policy. I support free trade for the record.

[therealcaptobvious]

I agree. Trouble is that this trade is managed by profitters, not anyone that can watch the bottom line. I've heard every excuse in the book, like China will reciprocate and buy from the U.S. when last year they only bought $6 bil of U.S. goods. It's not even a percentage of what we spent on their goods.

Paulson has been fussing with them about their currency, at the request of our congress. Trouble is that we can't market to them, or they just won't buy. ??? That's not free trade.

[djsherin]

From what I understand, Free trade agreements are heavily regulated by the government. It would seem to me that all that needs to happen for free trade to exist is to eliminate tariffs and regulatory burdens as much as possible. It wouldn't hurt to lower or eliminate corporate taxes to encourage businesses to stay here.

[therealcaptobvious]

It's due to protectionism elsewhere. Did you see the size of the imbalance? America's strategy needs to change.

American workers themselves can't compete with slave wages elsewhere. And they shouldn't need to.

And thus, Americans paid 4 times as much in taxes than Corporations do, but our politicians work for them. The world looks to Americans as consumers. We should have more leverage here.

[wolftreetree]

America is going broke because of nafta, our people are hurting

[newcovertedchristian]

If you want a good vid on this look up "America's finacial future" parts one and two. these are videos from the head of the government accountability office (gao) he works for the gov. but he has been running around for years trying to warn people about how dangerous those three are (medicare/medicad and ss).

[newcovertedchristian]

i liked that vid, one of this countries major problems is definetly our trade deficiet, but the guy in that vid seemed like he was against free trade I hope thats not the case i think he might be confusing free trade with NAFTA. The bigger and in my opinion the biggest concern of this country is medicare/medicad and social security because while our debt is at around 8-9 tril. Our future debt of these 3 is over 80 tril. over the next 40 years and the number just get bigger after that.