America has already lost 60,000 factories since NAFTA took effect 20 years ago. Just ince 2000, we've lost 5.5 million manufacturing jobs. Now "Fast Track" legislation has been introduced in Congress to ram through 2 more Free Trade treaties: the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. These treaties would expand the loss of US jobs and US manufacturing capacity that have already resulted from NAFTA, KORUS and the other FTAs of the past 3 decades.
The pdf linked above documents that the TPP has been written in secret by hundreds of corporate lobbyists even while the draft text is withheld from Congress and the American people.
The pdf above also includes an article by Warren Buffett and Carol Loomis, proposing an alternative trade policy that would end our trade deficits. By diverting those trade deficits, averaging $530 Billion every year, into demand for US-made products instead of imports, we would directly create millions of new US manufacturing jobs and indirectly create millions more new US jobs in other sectors through the multiplier-effect manufacturing has.
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Click the link above to read Warren Buffett's 2003 article in Fortune Magazine: "America's Growing Trade Deficit Is Selling The Nation Out From Under Us. Here's A Way To Fix The Problem--And We Need To Do It Now"
