Clinton’s Globalist Trade Policies Have Been Devastating for American Jobs Michigan, Ohio, Pennsylvania, North Carolina and New Hampshire have been hit especially hard as thousands of factories moved offshore or were forced into bankruptcy by a flood of cheap imports.
PoliticalNews.me - Nov 08,2016 - Clinton’s Globalist Trade Policies Have Been Devastating for American Jobs
To: Interested Parties
From: Curtis Ellis, Senior Policy Advisor
The globalist trade policies of Hillary Clinton have been devastating for the American people and American businesses.
Michigan, Ohio, Pennsylvania, North Carolina and New Hampshire have been hit especially hard as thousands of factories moved offshore or were forced into bankruptcy by a flood of cheap imports.
Over the last 25 years, Bill and Hillary Clinton championed so-called “free trade” deals like NAFTA, China’s entry into the World Trade Organization and the Korea-U.S. Free Trade Agreement. These deals benefited the elite corporate interests that finance the Washington politicians, but they destroyed the livelihoods of working Americans and impoverished our heartland.
And the worst is yet to come. The Trans-Pacific Partnership (TPP), another globalist trade deal, would move what’s left of American industry to Asia. Hillary Clinton helped negotiate the deal, and she promised to enact it once the election is over. Donald Trump will stop it, even if Congress approves it in a lame duck session against the will of the people.
Much of the U.S. automobile industry– a major driver of the economy in Michigan, Ohio and Pennsylvania - left the United States and moved to Mexico following NAFTA. With the TPP, what’s left of North America’s automotive industry and its suppliers – machine shops, die-cast, and injection molding outfits - will be wiped out.
Michigan has suffered from the Clinton-Obama policies that sent our jobs and factories to other countries.
Michigan has lost more than a quarter of its manufacturing jobs – over 210,000 jobs – since Clinton’s NAFTA and China trade deals went into effect.
Three of every five who were rehired in 2014 took home smaller paychecks, and one in three took pay cuts of more than 20 percent, according to Department of Labor data. The Labor Department’s Trade Adjustment Assistance (TAA) program certifies that more than 157,000 Michigan jobs have been destroyed by offshoring or imports since NAFTA. These numbers significantly undercount the full impact as TAA only covers some of the jobs lost to trade.
Michigan farmers lost out too. U.S. exports to Canada and Mexico of cattle – one of Michigan’s top agricultural products - fell 46 percent in the first 21 years of NAFTA.
After the Korea Free Trade Agreement, the U.S. trade deficit with Korea in the top ten products that Michigan exports to Korea – including everything from vehicles to machinery to metal manufacturing – grew 54 percent as exports stagnated and imports rose.
The TPP that Hillary supports will kill even more Michigan jobs as more of the automotive industry and its suppliers move to China and Southeast Asia.
The TPP would allow a majority of the component parts of a car assembled in Mexico to be made in China or other countries even though they are not signatories to the TPP.
The TPP would wipe out what’s left of the U.S. automotive industry and the machine shops, tool-and-die