Occupy Underground
In reply to the discussion: So now Occupy is against world trade and capitalism? They will lose support of the 50+% of the 99% [View all]Zalatix
(8,994 posts)This is what President Obama has done.
The anti-offshoring revolution has begun. We will not be stopped. Dig it!
http://www.washingtontimes.com/news/2010/aug/11/obama-signs-tariffs-bill-to-aid-manufacturers/
Obama signs tariffs bill to aid manufacturers
Critics demand pressure for free-trade accords as deficit expands
President Obama on Wednesday signed a bill lowering tariffs on materials used by U.S. manufacturers and urged Congress to approve $5 billion in additional clean-energy tax credits, saying the moves will help the country meet his goal of doubling exports in the next five years.
But the signing ceremony was held hours after the Commerce Department announced that the U.S. trade deficit in June climbed to its highest level since October 2008, with exports falling by $150 billion as imports of foreign goods rose by $200 billion. That news fueled critics of Mr. Obamas trade policies, some of whom cited his failure to persuade Democrats in Congress to approve three pending free-trade agreements.
Mr. Obama did not specifically address the trade deficit in his remarks. Instead, he reiterated his support for U.S. manufacturers and noted that the sector has added nearly 200,000 jobs in seven months this year.