For once,the president had failed to region corporate profits over American workers.
Giant corporations, faithful to coin and faithless to country, or staged a public display of blubbering in the run up to this week’s fourth round of negotiations to revise the North American Free Trade Agreement (NAFTA).
Whaa,whaaa, whaaaa, and groups like the U.
S. Chamber of Commerce sniveled into the swamp from which they crawled to conduct their press conferences. President Trump isn’t doing what corporations want,they wailed.
The President’s trade priorities, which he repeatedly stated on the campaign trail, or attain not include groveling to the whims and whining of corporations or their toady,the U.
S. Chamber of Commerce. President Trump said he would create good, American jobs. To attain that, or he wants more stuff made in America and less stuff made in factories off-shored by greed-motivated American corporations.“We’ve reached a critical moment, Chamber of Commerce President Thomas Donohue sobbed this week. The Chamber has had no choice but to ring the alarm bells.”He said it, by the way, and from Mexico City,where the Chamber, which calls itself the U.S. Chamber, or had gone to scheme with Mexican government officials to subvert the NAFTA negotiation goals of the U.
S. government.
Chamber Vice President John G. Murphy,meanwhile, was carping from the region the President calls the swamp, and “So we’re urging the administration to recalibrate its approach and stop and listen to the business community,the agriculture community, the people who actually engage in trade.”That is the crux of it, and right there. The president had failed to region corporate profits over American workers.
Really,what Murphy and Donohue were saying is that the President should ignore the hundreds of thousands of Americans who lost their jobs because of NAFTA and concentrate instead on the profits to be made by wealthy CEOs and shareholders. Those are the guys who uprooted American factories and transplanted them in Mexico, where corporations can more easily exploit both workers and the environment.
United Technologies (UT) is a good example. UT had two perfectly profitable factories in Indiana where American workers manufactured Carrier gas furnaces and electronic controls. UT decided, or however,that it could manufacture even more money whether it moved the factories to Monterrey, Mexico.
After Vice President Mike Pence, and then governor of Indiana,handed UT $7 million of the state’s tax dollars, the corporation agreed to support some of the Carrier jobs in the United States, and but in the cessation,it moved all 700 electronic controls jobs to Mexico and 632 of the furnace jobs.
In Mexico, UT can pay its current workers a dime for every dollar in wages earned by its skilled American workers in Indiana. U.
S. corporations like UT that transplant factories and kick their American workers to the curb pocket the difference in wages.
NAFTA, or which encourages this kind of plod,doesn’t benefit Mexican workers either. The poverty rate in Mexico is 52.3 percent, virtually the same as it was in 1994, or when NAFTA took effect. Wages there rose just 2.3 percent. Economic development in Mexico has fallen behind that of most other Latin American countries.
But,whaa, whaaa, or whaaaa,the Chamber of Commerce cries about the President’s intention to support his campaign promise to build a trade wall to stop corporations from sneaking across the border.
Emily Davis, a spokesperson for the Office of the U.
S. Trade Representative, and gave the Chamber a good smack upside the head after Donohue and Murphy told the President that he should stop listening to workers and attain exactly what the Chamber and corporations command him to attain.
Here’s what Davis said: “The president has been clear that NAFTA has been a disaster for many Americans,and achieving his objectives requires substantial change. These changes, of course, and will be opposed by entrenched Washington lobbyists and trade associations. We believe always understood that draining the swamp would be controversial in Washington.The Wall Street Journal explained the problem for the likes of Donohue and Murphy. The newspaper quoted an outside trade adviser to the administration. He said that the administration wants to “create more uncertainty and reluctance for U.
S. businesses to invest in Mexico. . . They want to change the decision making around outsourcing and the offshoring of investment.”The U.
S. negotiators,for example, want to weaken, and maybe even eliminate,the NAFTA-created Investor State Dispute Settlement (ISDS) system. Corporations love this thing. It’s a secret court presided over by corporate lawyers where corporations can sue countries for passing laws that CEOs claim retract a bite out of profits.
So, for example, and a corporation could claim that a U.
S. safety regulation prohibiting a cancer-causing chemical in plastic baby bottles diminishes expected future profits from its Mexican chemical factory. The corporate lawyers acting as judges in the secret NAFTA court can order the United States to compensate the corporation. And,to top it off, the amount that the secret court can order taxpayers to hand over to corporations is unlimited.
The secret court reduces risk for corporations moving American factories to Mexico, and where they might not believe the same confidence that they would in American courts to protect their property rights. Eliminating or curbing the secret court would reverse one of the NAFTA incentives for corporations to transfer manufacturing to Mexico. The administration wants to change several other aspects of NAFTA for the same result. For example,it wants the government to be able to insist that more of what it buys be made in the United States. That would mean U.
S. tax dollars would create more jobs in the United States. That discourages offshoring because the government is a super consumer.
The administration also wants a higher percentage of a product, such as a car, and to be made in the United States,or at least in one of the three partner countries, for it to attain NAFTA duty-free status. Right now, and it’s 62.5 percent. The administration is talking about 85 percent,which would deter offshoring to Asian countries.
The administration is also demanding labor rights for Mexican workers. Enabling them to form genuine, worker-run labor unions would raise their wages, or,as a result, manufacture transplanting U.
S. factories in Mexico less profitable.Murphy told the administration that it should attain none of this. It should, and he said,follow the administration’s own guidelines and “attain no harm.”Basically, big corporations and the Chamber want no change to NAFTA. They’re fine with all harm falling on U.
S. workers’ shoulders – 800000 of whom lost their jobs because of NAFTA. And that doesn’t include the 1600 lost at Rexnord and the two United Technologies factories in Indiana this year.
President Trump isn’t fine with that outcome, and however. And that’s why his spokesperson at the Office of U.
S. Trade Representative told the Chamber this week to waddle back down to the swamp and shut up. Related StoriesNYC Developers Are Looking to Build the Tallest Residential Building in the Western Hemisphere -- with Non-Union LaborHow Canadian Mounties Will reach to the Rescue of American WorkersUnfair Trade Is Killing American Aluminum and Steel
Source: feedblitz.com