By signing this document I agree with its content and I am also telling my Representatives in Congress what I want them to do about this issue.
Issue: The Failing Economy in the United States of America.
Lets look at the Failing Economy in a Problem, Cause and Solution format. The solutions are what I am asking my Representatives to act on.
Just this week President Obama described the cause of the Economy problem as the greedy unfair lending practices of our Banks and Lending institutions. Although these things are wrong and have made the Economy problem worse, they are not the main cause of the Economy problem here in the USA.
Problem: Job Loss and Loss of Income.
Americans have been losing jobs at a rate of about 500,000 jobs per Month for over a year now resulting in a loss of income. This loss of income and resulting home foreclosures and bankruptcies are what brought the unfair lending issue to the forefront by exposing private mortgages that were unfair to private home owners and hihg credit card rates. However, keep in mind that the loss of jobs and individual income is the real problem to our economy. Also, I never hear anyone talk about where these jobs have gone when they give the job loss numbers every Month. The job loss rate is going down now only because we are running out of jobs, Which leads to the Cause of our Economy Problem.
Cause: Free Trade.
In the early 1900s we signed on to NAFTA allowing tax free trade of manufactured products and food among Canada, Mexico and the USA. Then we signed on to International Free Trade which allowed tax free trade with other Countries of the World. Free Trade was signed into law without the consent of the entire Country.
This allowed Greedy Corporations to take their manufacturing industries out of America to other Countries to manufacture their products at a fraction of the cost then bring it back into the USA and sell it at a much higher profit margin. This worked for a while until a major portion of our jobs were gone over seas. Now we don't have the jobs or income to purchase the products coming into our Country. This started a Death Spiral that led us to where we are today. Free Trade also led to the World Economy problem. The USA at one time had the strongest Middle Class buying power and we were able to purchase products from other Countries as well. Now all our money is on a one way trip to China taking us out of the money circulation. Also, there is no other way to restore our economy without bringing our jobs back to this country. All the improvements suggested by the Obama administration are tax paid jobs which brings in no new money to our Country.
Although Free Trade sounds like a good thing it can't work. That's because we don't all play on the same field with the same rules. The biggest difference is here in the USA where we are free to make our own life decisions on how we earn our income and spend it. This is how we developed the Middle Class of the USA which is the backbone of our Country and we are losing it.
We also have high environmental standards on our manufacturing processes that other Countries don't have. We have safety standards and employment standards that we all have to live up to as well as the additional cost of Research and Development of our products. These are the things that cause higher quality at a higher cost that other Countries don't have.
Solutions: What I want my elected and or appointed officials in Congress to do.
We have to develop ways to make it economically attractive for Industrial Manufacturers to do business here in the USA. We have to offer tax incentives for Industry that returns to the USA. We have to give tax credits to industry for every legal US citizen employed by Industry doing 90% or more of their product manufacturing and business here in the USA. This would exclude companies that have more then 10% of their product manufacturing done elsewhere. The tax rate would be computed on the % over 10% of their manufacturing be done in another Country.
We must set Industrial Manufacturing Process Environmental Standards equal to ours for other Countries to follow in order to maintain a Free Trade agreement with us. Failure to comply with these rules will result in a tax placed on their imports. This has added value in that it will raise the cost to do business in other Countries as well as helping us meet our Global Environmental goals while leveling the playing field and making us more competitive in the world market.
We must set higher Quality Standards of products and materials as well as product safety requirements coming into our Country. Failure to meet these standards will result in a tax on those imports.
I also want a Government committee formed with the goal of continuously increasing Industrial Manufacturing here in the USA to its maximum capacity by developing ways of making Industrial Manufacturing here in the USA the most attractive for Share Holders. This committee will include members of top Industries of the world.
Let it be very clear, compared to the days of 14,000 Dow Jones averages of 2007, Industrial stock holders will see a slight decrease in profit by living up to these standards and returning their manufacturing industries to the USA. However, unless we restore the income of the American Middle Class, Industry will continue on its world wide Death Spiral ending in a Lose Lose situation for the entire world.
Doing this will now even the playing field and make Free Trade into Fair Trade.
The only other solution is for us to lower our standard of living and I don't want to do that.

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