| CPA Leading Effort to Permanently Fix America’s Economic Crisis |
News ReleaseOctober 2, 2008, 11 am edt Contact:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
, 419-235-8061 CPA Leading Effort to Permanently Fix America’s Economic Crisis The American financial system is in trouble because current trade and economic policies have hollowed out our economy. Thirty-five organizations and 75 businesses have signed on to a single page diagnosis and plan-of-treatment for our economy. Agriculture, manufacturing, labor, academics and former government officials collaborated to put together this statement. This timely release will help the presidential candidates and elected officials think about, address, and solve financial crisis more effectively. “The Coalition for a Prosperous America (CPA) is helping lead this effort to permanently solve America’s economic crisis,” said Brian O’Shaughnessy, CPA’s Co-Chair for Manufacturing and Chairman of Revere Copper Products. “The financial crisis is a mere continuation of our accelerating trade deficits and record debt. We need the leadership and resolve to address the fact that Wall Street is merely the most recent part of our economic system to crumble.” “Our trade and economic policies have resulted in the offshoring of millions of jobs, wage stagnation, a precipitous decline in our food and agriculture surplus, and risk to our national security,” said Bob Baugh, CPA’s Co-Chair for Labor and Executive Director of the AFL-CIO Industrial Union Council. “But there are solutions we can enact now to rebuild our economy. We do not have to continue America’s decline, but can choose strength and prosperity. The signatories proposed these solutions to America’s trade and economic problems. ➢ SUPPORT policies that promote American interests by requiring full reciprocity, fairness, and transparency in all U.S. trade agreements, including in such areas as labor and environmental standards. ➢ SUPPORT actions to combat the illegal, mercantilist practice of prolonged currency misalignment, including legislation to make it actionable under U.S. trade law. ➢ SUPPORT aggressive enforcement of U.S. laws to halt foreign illegal trade activities such as dumping, subsidies and intellectual property theft. In addition, U.S. policy must ensure that all goods sold here meet U.S. food and product safety standards. ➢ SUPPORT the elimination of tax disadvantages which undermine the competitiveness of U.S. producers both at home and abroad or which discourage investment in America. ➢ SUPPORT reduced U.S. dependence on imported energy. “The Coalition for a Prosperous America led this effort to find common solutions to these problems. I am proud of the result,” said Joe Logan, CPA’s Co-Chair for Agriculture and Ohio Farmers Union representative. “We will present these solutions to the presidential campaigns and to Congress in the hopes that they will be adopted and enacted. These are not partisan solutions, or special interest solutions. We are interested in rebuilding American prosperity.” CPA is a national, nonprofit organization representing a coalition of the agriculture, manufacturing and labor sectors. CPA is working for a new and positive U.S. trade policy that delivers prosperity and security to America, its citizens, farms, factories and working people. |
| < Prev | Next > |
|---|
