http://www.huffingtonpost.com/rep-alan-grayson/our-trade-policy-is-insan_b_6462714.html
In this article Representative Allen Grayson, Congressmen from Florida's 9th District expresses his views on the current Trade Policy that our country has. He believes that there is too much exporting and not enough importing of goods. He states that the country has had a trade deficit of over $140 billion ever since NAFTA was enacted 20 years ago. Americans are buying goods and services from oversees and with the money that other countries make they buy American assets, a double loss of jobs and higher national debt. This he named Fake Trade and claims it hurts middle class Americans and needs to be stopped. He calls for the creation of a Trade Deficit Policy and not just a Trade Policy in order to counteract this Fake Trade and its effects.
In order for this to happen the government would have to intervene and make more rules concerning the amount of trade that both comes into and goes out of the country, meaning negotiations with foreign nations as well as greater regulation of trade. Given the current reliance on goods and services produced outside of the country its a possibility that this could negatively effect American businesses that rely heavily on imports for production or for profit.
1 comment:
The United States definitely needs to do something about their increasing deficits. At the same time companies need to find ways to make themselves more competitive. I wonder what are driving American consumers to purchase a greater amount of foreign products. Maybe the government can subsidize potential American companies to help drive the markets.
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