Bill requires U.S. withdrawal from NAFTA
'Proponents have had more than enough time to make this work – it didn't'
Posted: March 12, 2010
12:45 am Eastern
By Chelsea Schilling
© 2010 WorldNetDaily
A coalition of 27 lawmakers from across the political spectrum is sponsoring a bill to withdraw the U.S. from the North American Free Trade Agreement, or NAFTA, in as little as six months. Rep. Gene Taylor, D-Miss., has introduced HR 4759, "To provide for the withdrawal of the United States from the North American Free Trade Agreement."
"NAFTA and similar free trade agreements have resulted in a 29 percent decline in U.S. manufacturing employment since 1993," Taylor's office said in a statement. "NAFTA discourages investments in U.S. manufacturing facilities and accelerates the erosion of our industrial base."
Taylor called the loss of manufacturing jobs a matter of national defense He pointed out that the U.S. had a trade surplus of $1.7 billion with Mexico in 1993, prior to its entry into NAFTA – and that number turned into a deficit that peaked at $75 billion in 2007 and dropped to $47 billion by 2009. Additionally, his office said the trade deficit with Canada in 1993 was $11 billion prior to NAFTA, swelling to $78 billion and dropping back to $20 billion with the decline of the economy in 2009.
Weak Tea or Strong Tea?
By Lee Harris Wednesday, March 10, 2010
Too many of those currently ‘analyzing’ the Tea Party movement seem to have no genuine interest in grappling with its potential historical significance.
When reading articles that aim at understanding the Tea Party movement, I am reminded of the ancient fable of the elephant and the blind men. Unable to see the whole elephant at a glance, each of the blind men drew his conclusions about the nature of the elephant by laying his hands on one of the elephant’s parts. The one who seizes the tail of the elephant says that the animal is like a rope. The one who puts his arms around the leg says that the elephant is like a tree trunk. The one who takes hold of the ears thinks he is handling a large fan, and so on.
When a political, religious, or cultural movement is first stirring, those who try to forecast its future development are in the same position as the blind men in the parable: they seize one feature of the movement and attempt to deduce its ultimate historical significance from this one feature alone.
The John Birch Society Was Right
You know, years ago my father and mother became involved with the John Birch Society. As free thinkers that grew up in the Hippie era, they both discovered Ayn Rand and the JBS, two wonderful happenstances that changed their thinking and our family. When my mom told us growing up how evil the United Nations was, I believed her since she was my mom. When I got older however I saw he interest in the JBS as something oddball and out of step with the rest of society, a fringe organization that had little power or influence but were quite verbal. Looking back today, however, I really regret not listening to my mom and dad about the evils that this world is now ramming down our throat. From globalization to massive overspending and suborning our sovereign rights as a nation and citizens to the world government, the John Birch Society was right, as seen from this prophetic video from 1958: Click HERE
POINTS OF NOTE
In traded goods alone, we ran up $6.2 trillion in deficits – $3.8 trillion of that in manufactured goods.
Things that we once made in America – indeed, we made everything – we now buy from abroad with money that we borrow from abroad.
China accounts for 83 percent of the U.S. global trade deficit in manufactures and 84 percent of our global trade deficit in electronics and machinery.
Over the last decade, our total trade deficit with China in manufactured goods was $1.75 trillion, which explains why China, its cash reserves approaching $3 trillion, holds the mortgage on America.
This week came a report that Detroit, forge and furnace of the Arsenal of Democracy in World War II, is considering razing a fourth of the city and turning it into farm and pastureland. Did the $1.2 trillion trade deficit we ran in autos and parts last decade help kill Detroit?