Our Trade Policy is Insane. Alan Grayson report

[suplex3000]

Alan Grayson's article

This is a statement that I made at a D.C. news conference on trade policy last Thursday:

Trade is a simple concept. You sell me yours, and I’ll sell you mine.

That’s not what’s happening.

What’s happening is that day after day, month after month, and year after year, Americans are buying goods and services manufactured by foreigners, and those foreigners are not buying goods and services manufactured by Americans. We are creating millions — no — tens of millions of jobs in other countries with our purchasing power, and we are losing tens of millions of jobs in our country, because foreigners are not buying our goods and services.

What are they doing? They’re buying our assets.

So we lose twice. We lose the jobs, and we are driven deeper and deeper into national debt – and, ultimately, national bankruptcy. That is the end game.

This is not free trade; it’s fake trade. We have fake trade.

That’s why before NAFTA was enacted and went into effect, this country never had a trade deficit as much as $140 billion a year, while every single year since then — for 20 years now — we have had a trade deficit of over $140 billion a year.

We have had a trade deficit of half a trillion dollars now, for the past 14 years.

Look back all across history. Look all across Planet Earth. You will see that the 14 largest trade deficits in the history of mankind are – all — the American trade deficits for the last 14 years.

(I cannot rule out the possibility that somewhere on Alpha Centauri there might be a country that has a larger trade deficit. But here on Planet Earth, no.)

Listen, we are in a deep, deep hole, thanks to fake trade. Thanks to fake trade, right now, 1/7th of all the assets in this country — every business, every plot of land, every car – 1/7th of all the assets in the country are now owned by foreigners. And ultimately, if we keep going the way we’re going, they all will be.

That’s why we have the most unequal distribution of income in our country, the most unequal distribution of wealth in our history.

We’re in a deep, deep hole. And there’s a simple rule about holes: When you’re in a hole, stop digging. Stop digging!

So I’m calling upon our leaders. I’m calling upon the American people. Let’s stop digging.

Let’s not only have a trade policy. For once, let’s also have a trade deficit policy.

Let’s deal with the reality that has robbed the American Middle Class now for decades. Let’s address it, and let’s defeat it. That’s what I’m calling , right now.

Let’s stop digging deeper. Let’s raise ourselves up, let’s climb out of this hole, and rebuild the American Middle Class. Thank you very much.

Our Trade Policy Is Insane Rep. Alan Grayson

Well, guys, it seems to me that Mr. Grayson is extremely right. Do you have any ideas on this topic?
In my opinion the US government have to regulate corporations and normalize trade conditions inside the US.

 

[Luddly Neddite]

NAFTA was a mistake and had unforeseen consequences. Yeah, I know, the RWs all want to blame Clinton but both parties voted on it.

We need to deal with the reality we face today.

 

[Toddsterpatriot]

Alan Grayson's article

This is a statement that I made at a D.C. news conference on trade policy last Thursday:

Trade is a simple concept. You sell me yours, and I’ll sell you mine.

That’s not what’s happening.

What’s happening is that day after day, month after month, and year after year, Americans are buying goods and services manufactured by foreigners, and those foreigners are not buying goods and services manufactured by Americans. We are creating millions — no — tens of millions of jobs in other countries with our purchasing power, and we are losing tens of millions of jobs in our country, because foreigners are not buying our goods and services.

What are they doing? They’re buying our assets.

So we lose twice. We lose the jobs, and we are driven deeper and deeper into national debt – and, ultimately, national bankruptcy. That is the end game.

This is not free trade; it’s fake trade. We have fake trade.

That’s why before NAFTA was enacted and went into effect, this country never had a trade deficit as much as $140 billion a year, while every single year since then — for 20 years now — we have had a trade deficit of over $140 billion a year.

We have had a trade deficit of half a trillion dollars now, for the past 14 years.

Look back all across history. Look all across Planet Earth. You will see that the 14 largest trade deficits in the history of mankind are – all — the American trade deficits for the last 14 years.

(I cannot rule out the possibility that somewhere on Alpha Centauri there might be a country that has a larger trade deficit. But here on Planet Earth, no.)

Listen, we are in a deep, deep hole, thanks to fake trade. Thanks to fake trade, right now, 1/7th of all the assets in this country — every business, every plot of land, every car – 1/7th of all the assets in the country are now owned by foreigners. And ultimately, if we keep going the way we’re going, they all will be.

That’s why we have the most unequal distribution of income in our country, the most unequal distribution of wealth in our history.

We’re in a deep, deep hole. And there’s a simple rule about holes: When you’re in a hole, stop digging. Stop digging!

So I’m calling upon our leaders. I’m calling upon the American people. Let’s stop digging.

Let’s not only have a trade policy. For once, let’s also have a trade deficit policy.

Let’s deal with the reality that has robbed the American Middle Class now for decades. Let’s address it, and let’s defeat it. That’s what I’m calling , right now.

Let’s stop digging deeper. Let’s raise ourselves up, let’s climb out of this hole, and rebuild the American Middle Class. Thank you very much.

Our Trade Policy Is Insane Rep. Alan Grayson

Well, guys, it seems to me that Mr. Grayson is extremely right. Do you have any ideas on this topic?
In my opinion the US government have to regulate corporations and normalize trade conditions inside the US.

If anyone knows insane, it's nutbag Grayson.

 

[percysunshine]

.

Balance of trade is a zero sum game. I suspect somebody is printing money.

.

 

[suplex3000]

If anyone knows insane, it's nutbag Grayson.

continue, please

 

[suplex3000]

.

Balance of trade is a zero sum game. I suspect somebody is printing money.

.

Fed?

 

[Toddsterpatriot]

If anyone knows insane, it's nutbag Grayson.

continue, please

He's nuttier than 10 pounds of squirrel shit in a 5 pound bag.
Still confused about your tax rate?

 

[suplex3000]

Still confused about your tax rate?

confused as never dude
I really love your criticism but what about the topic?
as I understand you completely satisfied with American trade policy?

 

[percysunshine]

.

Balance of trade is a zero sum game. I suspect somebody is printing money.

.

Fed?

We can borrow money for consumables for ever ... right?

 

[Dekster]

NAFTA was a mistake and had unforeseen consequences. Yeah, I know, the RWs all want to blame Clinton but both parties voted on it.

We need to deal with the reality we face today.

No, NAFTA's consequences were well seen. It was sold on the idea that there would be follow up legislation that never came to address the concerns people rightfully were expressing. NAFTA, however, is small potatoes in the world of globalization.

Regardless, it is a matter of choosing your priorities. American wages have been inflated for decades. We can continue to inflate them through protectionist policies or we can globalize and allow people in the third world to survive on more than the money we piss away on our cable TV as they had been. I put the humanitarian good above the American greed. You apparently do not.

 

[Toddsterpatriot]

Still confused about your tax rate?

confused as never dude
I really love your criticism but what about the topic?
as I understand you completely satisfied with American trade policy?

If you made $500,000 in taxable income and your filing status was single, your 2014 Federal Income Tax would be $155,045.75. That's a bit over 31%.

http://www.irs.gov/pub/irs-pdf/i1040tt.pdf

So tell me again how your rate is 35%. Dude.