Loading ...The poor sap probably had to hold his nose while signing off on this.
Part:
TODAY I am signing H.R. 11970, the Trade Expansion Act of 1962.
This is the most important international piece of legislation, I think, affecting economics since the passage of the Marshall plan. It marks a decisive point for the future of our economy, for our relations with our friends and allies, and for the prospects of free institutions and free societies everywhere.
This act recognizes, fully and completely, that we cannot protect our economy by stagnating behind tariff walls, but that the best protection possible is a mutual lowering of tariff barriers among friendly nations so that all may benefit from a free flow of goods. Increased economic activity resulting from increased trade will provide more job opportunities for our workers. Our industry, our agriculture, our mining will benefit from increased export opportunities as other nations agree to lower their tariffs.
more:
http://www.presidency.ucsb.edu/ws/?pid=8946
Comment: I knew by 1975, I’m in manufacturing, that living standards and the USA were getting fleeced. Nobody did a thing about it, until the USA THREW UP in the summer of 2008. Now they are afraid they took too much, and the goose that lays golden eggs for global consumption, was sick and dying, anemic. Trust me, these wealth sharing of US wealth BOZOS, are in panic mode using words and some actions, to revive the place in a New York minute. Good effin luck. 🙂