Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (7555)	3/15/2004 10:45:05 PM
From: CalculatedRisk	Read Replies (2) of 81568

What are Kerry's trade proposals? 1) rules requiring notice to employees before jobs are shifted overseas. 2) steps to close tax loopholes that encourage offshore operations. 3) more aggressive enforcement of existing trade agreements. 4) review trade agreements. 5) Provide retraining for Americans losing jobs. Kerry is for FREE TRADE. Why are we having so many trade problems right now? Is Kerry already President? The problem is Bush is a protectionist of corporate markets, but not jobs! Conservative commentator Bruce Bartlett wrote this about Bush: “From the point of view of trade, it (Bush) is the worst administration since Herbert Hoover helped bring on the Great Depression by signing the Smoot-Hawley tariff in 1930.” nationalreview.com Centrist economist (strong free trade advocate) and liberal commentator Paul Krugman wrote this about Bush: "Free traders should be more worried by the prospect that the policies of the current administration will continue than by the possibility of a Democratic replacement." query.nytimes.com Right now there is an incipient trade war. The Bush administration is giving preferential tax treatment to various companies to give them an advantage. Sometimes they even name the company in the tax legislation (ABC gets X tax break). Internationally, this is a new variation of the Smoot-Hawley Tariff Act and is part of the current outbreak of trade disputes. Domestically this gives large corporations, those that have lobbyists, an advantage over small corporations in the same industry. Last year, when Greenspan said: "Some clouds of emerging protectionism have become increasingly evident on today's horizon," he wasn’t talking about future President Kerry. He was talking about the Bush administration (and other countries). As a free market, free trade capitalist, I generally oppose preferential tax treatment. Let corporations compete fairly in the market place. There may be reasons for short term tax incentives, but if they lead to moving jobs offshore, what is the point? The more people understand, the more they will support Kerry!

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