“Investors seem to be moving money outside of the U.S. which leads us to believe they are planning for a continual U.S. dollar decline,” said Mark Meadows, currency strategist at Tempus Consulting in Washington.
But BushCo sez we need more Free Trade Agreements. Now.
Last week President Bush launched a campaign to win support for four pending free trade agreements and to reverse a political tide that is increasingly running against free trade.
However, his arguments that free trade means more and better jobs seem to be getting little traction, even among his own Republicans. A recent poll found that six of 10 Republicans felt free trade was bad for the country…
The four pending agreements are with Peru, Panama, Colombia and South Korea. The one with Peru may pass, but the others are doubtful, even though the president insists the Colombian agreement is vital for diplomatic and national security reasons.
Peru is the first to step up to the plate. Contact your rep (202-225-3121 or email) and Senators (202-225-3121 or email) and tell them to vote NO on the US-Peru Free Trade Agreement.
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