Eagle Forum Legislative Alerts

Friday, October 26, 2012

Reagan Was Not an Advocate of Free Trade

You can bet that Ronald Reagan would never have kowtowed to Communist China stealing our intellectual property and building a vast industry of making illegal replicas of American products based on ignoring our patents. Reagan never would have tolerated Communist China requiring U.S. companies to give China their patents and manufacturing secrets in order to build a plant in China.

Obama's Jobs Czar, GE's Jeffrey Immelt, is now urging American companies to welcome Chinese investments. That would be another route to losing control of American innovation and patents to Chinese state-owned enterprises.

Again and again, we are told that times have changed, that it's okay that the American economy is shifting from manufacturing to a service economy. But that means we are not making things; we are just reselling stuff that other countries make, and that doesn't produce good jobs or a strong economy.

The Republican party platform recognizes the dishonesty of so-called free trade. Mitt Romney understands the threat from Communist China better than any of his Republican competitors and certainly far better than President Obama. Romney said, "I don't want a trade war, but I don't want trade surrender either. I will begin on Day One by designating China as the currency manipulator it is."

Reagan never would have deceived the American people by pretending that our foreign competitors are cutting their tariffs when in fact they simply replace tariffs with a Value Added Tax of comparable amount. Reagan would not have dishonestly called the present system "free trade" when Communist China is cheating us in so many ways because they use trade to build up their military as rapidly as they can with our money.

We cheer the Republican platform for restoring our demand for American "military superiority." Manufacturing is an essential component of that goal.

Listen to the radio commentary here:

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