Neither Romney nor Obama will bring jobs back to America (NAFTA, Barack Obama)
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"According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
For example, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
So what is Barack Obama doing about all of this?
Well, Obama has been aggressively pushing for even more "free trade" agreements. The Obama administration has inked deals with Panama, South Korea and Colombia and the Obama administration is making the Trans-Pacific Partnership ("the NAFTA of the Pacific") a very high priority.
Well, Mitt Romney must be criticizing these moves, right?
No, Romney has actually criticized Obama for not pushing for more "free trade" fast enough.
Mitt Romney wants to make it even easier for jobs to go out of the country and for other countries to drain our wealth. The following quote comes directly from the Romney campaign website....
Access to foreign markets is crucial to growing our economy. We must reassert American leadership in international negotiations, follow through on commitments we have already made, and push aggressively for advantageous new agreements."
Well, Obama has been aggressively pushing for even more "free trade" agreements. The Obama administration has inked deals with Panama, South Korea and Colombia and the Obama administration is making the Trans-Pacific Partnership ("the NAFTA of the Pacific") a very high priority.
Did you not pay attention in college/high school when they proved a deadweight loss to the economy due to barriers of trade?
That train has already left the station. The jobs aren't coming back under the current wage/benefit structure in America unless hefty tax breaks are thrown at businesses. Are Democrats prepared to do that? We already know the answer. Barack Obama is the antithesis. Mitt Romney is the far better candidate to deal with this problem.
"According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
For example, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
So what is Barack Obama doing about all of this?
Well, Obama has been aggressively pushing for even more "free trade" agreements. The Obama administration has inked deals with Panama, South Korea and Colombia and the Obama administration is making the Trans-Pacific Partnership ("the NAFTA of the Pacific") a very high priority.
Well, Mitt Romney must be criticizing these moves, right?
No, Romney has actually criticized Obama for not pushing for more "free trade" fast enough.
Mitt Romney wants to make it even easier for jobs to go out of the country and for other countries to drain our wealth. The following quote comes directly from the Romney campaign website....
Access to foreign markets is crucial to growing our economy. We must reassert American leadership in international negotiations, follow through on commitments we have already made, and push aggressively for advantageous new agreements."
I think that the most that any president can do is try to ensure that the country is fairly represented, that trade is balanced and markets are opened to our products to the extent possible.
Companies are bringing jobs back to the U.S. or are at least thinking about it so, I'm seeing the glass as half full.
"According to a survey by the Boston Consulting Group of executives at 106 manufacturing companies with $1 billion or more in sales, 37 percent said they are planning or "actively considering" onshoring. Among companies with more than $10 billion in revenue, that percentage shot up to nearly half. "
I think that the most that any president can do is try to ensure that the country is fairly represented, that trade is balanced and markets are opened to our products to the extent possible.
Companies are bringing jobs back to the U.S. or are at least thinking about it so, I'm seeing the glass as half full.
"According to a survey by the Boston Consulting Group of executives at 106 manufacturing companies with $1 billion or more in sales, 37 percent said they are planning or "actively considering" onshoring. Among companies with more than $10 billion in revenue, that percentage shot up to nearly half. "
They do so under the premise of tax breaks and/or other benefits extended to them by the government. The Almighty Dollar is the driving force, not some display of patriotic duty to re-employ American's. While it's good news that companies are potentially willing to repatriate, I'm still quite skeptical of what it will mean in the grand scheme as far as benefits and other handouts go.
Democrats need to decide whether they hate corporations or love them. Because until corporations have an incentive to come back to America, they'll continue to operate in their best interests, wherever on the planet that may be. That's why Barack Obama is the antithesis. His anti-business, anti-corporation bent is not helpful in the slightest if we are to achieve certain trade balance.
That train has already left the station. The jobs aren't coming back under the current wage/benefit structure in America unless hefty tax breaks are thrown at businesses. Are Democrats prepared to do that? We already know the answer. Barack Obama is the antithesis. Mitt Romney is the far better candidate to deal with this problem.
What we need is a president who understands the changes occuring in the manufacturing sector, and IMO Romney is the guy for that.
I get where Obama is coming from, he's all about "fairness", but that's not a business policy designed to create wealth in this country.
There is a fascinating article on the upcoming changes in the manufacturing sector in the latest Economist, especially about 3D printing. It's a long article, so forget politics, make a cup of coffee and see where we are headed.
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