THE PROPAGANDA CONTINUES ON TRADE WITH HALF-TRUTHS

3/19/2015

Below you will find the link to an opinion piece in today's WSJ, 3/19/15. Below that is my response posted in the comment section of the article and sent to the Boeing CEO, who is a srong leader for Boeing but with whom I disagree on focusing only on exports.

Dan

http://www.wsj.com/articles/penny-pritzker-and-jim-mcnerney-the-engine-that-pulled-us-out-of-recession-1426720642
Dear Jim,

The Propaganda continues once again with half-truths! Yes, reducing barriers and exporting is good. BUT, and it's a BIG BUT, it's NET trade that drives a successful economy that creates good paying jobs. WE HAVE REPEATEDLY FAILED TO COME OUT AHEAD ON 'NET' and BALANCED TRADE. Don't believe me, then why do we have an accumulated trade deficit of over $12 trillion over the last 15+ years.
If the proponets of the export rehtoric would present a balanced view of trade with an equal emphasis on the importance of being competitive against imports, and if they would visibly support the inclusion and enforcement of the rules of trade that we need in any trade agreement, then then could be taken seriously....but they don't. Everytime we negotiate a trade deal that supposedly opens up other markets we end up losers for two reasons. The other parties continue to CHEAT on trade into our country and they erect NON TARIFF TRADE BARRIERS to our exports. These non tariff barriers undo the supposed agreements and impose more costly barriers to our products like VAT's, etc.,

The net result is a complete failure of our efforts to have a net positive impact on our economy or atleast not a huge negative drain like we have had for 15+ years. Get serious and present a balanced view on trade and fight for trade on both sides of the equation and stop working to undermine American's future.

Dan DiMicco, Trade Realist
Chairman Emeritus
Nucor Corporation

9 Comments

terrence straub

3/20/2015 08:51:27 pm

right on brother.....

Davis M Berry

3/21/2015 10:57:02 pm

I am glad to find someone with similar insights. Below is the formula I have worked on for the last several years with each detailed out to create American Jobs. My insights is on the hows to make this happen. We both have the same focus. I will be ordering your book today and look forwarding to further discussions with you. America's last change plan before national bankruptcy and collapse: ((36,000 multiple products (Public/private partnership with 1 national set of standardized regulations) factories X 1,000 “fair-waged” workers) + (Balanced trade agreements with optional importation tariffs limited to a balance trade gap) = 36,000,000 direct manufacturing jobs + 48,000,000 new indirect support jobs = (gaining back United State’s sovereign, national security, and self-reliance; all classes with long term massive economic improvements with increased opportunities for personal responsibility, individual and family’s being self-reliance) minus the need for (higher taxes, and nearly every form of corporate, social, & international welfare/subsidizes). Then overhauling the following programs: Education reform = college and student accountabilities +funding; Wall Street, Banking, Election, Insurance, Law, Medical, Energy Competition & Independence; and Environmental stewardship. After all this, we will certainly have a revived nation and then supporting the world because we started creating real- sustaining jobs.

Dan

3/25/2015 11:07:10 pm

I look forward to your comments on the book. All proceeds go to our Veterans.

Ross Kovanda

3/26/2015 07:03:42 am

you hit the nail on the head Dan, thank you for shinig further light on this and hopefully, someday, we will learn from this!

Mark Eastman

3/26/2015 09:14:02 pm

So sad and true Dan, we see it everyday. It isn't going to get better either unless the mindset of making a quick profit over caring for the industry here in the U.S. changes. Soon we will not have any real hard industry and will be at the hands of our potential enemies.

Robert Davis

3/29/2015 10:37:37 pm

Most excellent Dan, I agree, but also believe after decades of supporting this industry (Steel) in the US and off shore, that there are certainly fundamental issues we need to address as well, right here at home. Certainly a level playing field would help but is not the total answer to the issues we face in job creation, it is but the beginning of of the resolution to the issue. It will take significant time to peel this onion back for sure! But it needs to begin.

As a supplier to the basic production needs for many industries here in the US for almost 4 decades, I found it very interesting to watch this evolve over time. Possibly on a different level, but the issues within the industry I served were consistent for sure. Certainly not stuck in the past, but I do remember a day when it was Westinghouse, GE, and companies like Reliance Electric, and Allen-Bradley. Now it is Siemens, and ABB and everyone else gets the leavings here in the U.S.. Not a complaint, as we also didn't make the adjustments to our corporate mindsets here in the U.S. to stem this bleeding. We sat back as half hearted attempts such as the FCPA old, and new were enacted but seemed like feeble, small attempts to address a much larger issue for sure for my industry. Following the cases at a federal level for anti-dumping seemed to become a repetitive read, with little traction towards resolution at a higher level, which needs to occur. Anyway Dan, excellent stuff and I hope you keep this going... I am a fan!!

Stephen J Capone link

3/31/2015 12:53:53 am

Thanks Dan, you nailed it! Your post could not be more on point to what we are experiencing here in the new england.

Al Mavrodin

4/3/2015 08:00:07 am

Mr. DiMicco,
I cannot admire your honesty ans common sense too much; just as I cannot despise the dishonesty and opportunism of our political, media and business leaders enough. I have had the library in my town buy your book; I read it and hope that more people will do the same. I will also buy it for myself an my friends.
Please continue to speak up; maybe our torpid and docile fellow citizens will wake up and see how they lost their once great country.
You are a great American, Sir.

Dan

5/21/2015 06:13:02 am

Thank you all and I will.....need you to all be champions too!!!!

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