Reform Party Stands Against Save Our Industries Act

From www.reformparty.org

The Reform Party of the United States stands against expanding free trade. The Filipino government wrote and delivered a bill, the Save Our Industries (Save Act), to the US Congress that will expand free trade between their country and ours. This is wrong on two levels.

The Reform Party does not oppose trade with the Philippines, and embraces trade that mutually benefits all countries involved. The problem with this trade deal is that it would open the door for Filipino factories to dump an estimated four billion dollars worth of products into the American markets at the cost of American manufacturing jobs.

Since the start of free trade agreements with NAFTA in 1992, America’s trade deficit rose from 39.2 billion dollars to 559.8 billion in 2011, or an increase of over 1428 percent. The increase in this deficit was caused by the outsourcing of jobs, and the exploitation of unregulated environments and labor overseas.

Secondly the SAVE Act was no written by US lobbiests, lawmakers or citizens. It was written by foreign interests and the Filipino government, and being lobbied for by the Philippine Trade and Investment Center, a proxy of the Embassy of the Philippines. The fact that foreign interests can hand a bill to US Congressman and lobby on its behalf gives foreign interests too much influence over domestic interests.

This bill must be stopped. American cannot afford to lose more manufacturing jobs to Free Trade, and allow foreign interests to meddle with American economic policy.