our president talking about fair trade

last night something amazing happened.  for the first time an american president talked about the need to change the way we do business with the rest of the world--in a way that made sense.  we can no longer ship our manufacturing jobs overseas, AND we need to regulate what we import into this country so that we are both supporting our own unionized manufacturing sector AND supporting workers in countries like china to better their own situations.

i am not always a fan of presidential politics-- i often feel that in my business i am working in an alternate economy-- with an alternate business model to the kind of business model that they talk about in washington.  president obama's speech WAS about national issues of economy and labor, while my work is usually outside of the sphere of different nations. BUT what president obama talked about last night, in his 'state of the union address', if implemented, WILL affect all of us, internationally, in a positive way.  and it WILL very directly affect my business if i am better able to buy products manufactured in the united states.

here are a few excerpts: 

"So we have a huge opportunity, at this moment, to bring manufacturing back [to the US]. But we have to seize it. Tonight, my message to business leaders is simple: Ask yourselves what you can do to bring jobs back to your country, and your country will do everything we can to help you succeed.

We should start with our tax code. Right now, companies get tax breaks for moving jobs and profits overseas. Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in the world. It makes no sense, and everyone knows it.

So let’s change it. First, if you’re a business that wants to outsource jobs, you shouldn’t get a tax deduction for doing it. That money should be used to cover moving expenses for companies like Master Lock that decide to bring jobs home.
Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here.
Third, if you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers.
My message is simple. It’s time to stop rewarding businesses that ship jobs overseas, and start rewarding companies that create jobs right here in America. Send me these tax reforms, and I’ll sign them right away.
...And I will not stand by when our competitors don’t play by the rules. We’ve brought trade cases against China at nearly twice the rate as the last administration – and it’s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more. It’s not right when another country lets our movies, music, and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized.  

Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China."

see what i mean?

and he even referenced (and built on) john f. kennedy's inauguration speech 'ask not what your country can do for you, but what you can do for your country'-- 

it wasn't perfect, and there were things in it that i do not agree with, but-- coming from an american president?  it was good.

read the whole speech HERE.


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