MARGIN NOTES: The Trans-Atlantic Trade and Investment Partnership (TTIP) and The Trans-Pacific Partnership (TPP), are two different agreements negotiated and kept secret by Obama. VIDEO Tariffs were originally set up by Alexander Hamilton, the first Secretary of the Treasury, to help protect American industries. During the Civil War, Abraham Lincoln, then leader of the new Republican Party, similarly implemented a 44% tariff to protect American industries and generate funds for the war and the construction of railroads. After World War II and during the Cold War, the U.S. government began lowering trade barriers and instituting what is known as “free trade.” America is now oppressed by the chains of “free trade” through treaties like the North American “Free Trade” Agreement (NAFTA), undemocratic and secretive trade regimes like the World Trade Organization, and border tax inequities allowed by the WTO, such as the Value-Added Tax, which is utilized by 152 of America’s economic competitors. Shackled with these disadvantages, America is no longer able to compete economically on the world stage. Our nation is gradually allowing Japan, nations in the European Union and emerging economies in China, India and Brazil to overtake the U.S. as the world’s lone economic superpower. Eventually, if all remains the same, NAFTA, the WTO and the VAT will be responsible for America’s complete and total economic downfall. The nation is already well on its way, and without wholesale changes to our economic policy, we will certainly find ourselves in the economic gutter. See the VIDEO and read more on the link...... economyincrisis.org/free-trade
Posted on: Sun, 25 Jan 2015 02:01:58 +0000
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