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Caterpillar gets a head start on Korea offshoring |
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Written by Stumo
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Tuesday, 01 December 2009 |
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Obama said he wants the Korea Offshoring Agreement (aka Korea U.S. FTA) to pass. Caterpillar's CEO Jim Owens has long been a major promoter of these bilateral deals which offshore jobs and investment.
In the wake of Obama's announcement, Caterpillar has announced its intention to buy Jinsung T.E.C., a heavy equipment manufactuerer, in South Korea. Though they have laid off 22,000 workers in the U.S. this year.
If we had truly free and fair trade, those jobs could likely be here. There would not be a Great Recession. The investment could also likely occur here. But it is not.
And we are worse off because of it.
Obama needs to protect the national interest. Not the multinational interest.
We need national economic goals. A strategy. We do not have one. Everyone else does.
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In the news
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March 2-4, The Coalition for a Prosperous America
Legislative Fly-In
CPA will hold its Second Annual Legislative Fly-In on
March 2-4, 2010. This is a powerful opportunity for us to work
together to advance trade reform in the halls of Congress. We need to
bring the concerns of the grass roots to our legislators.
This is efficient advocacy, well worth your time. We make all the
meeting arrangements with legislators or their staff, we put together
materials, we plan a message, and we pack meetings together in a
concentrated period of time. You make a bigger impact with your time
using only three of the 365 days in the year.
Click here to sign up for the CPA Fly In.
CPA has a special offer--limited time only: the first 50 registrants
get a free copy of Ian Fletcher's new book: Free Trade Doesn't Work.
This is a highly acclaimed book about trade policy and the needed
changes therein.
Agenda:
March 2, 2010: 2p to 6p - Group meeting for training, talking points and team assignments
March 3-4, 2010: Hill visits
Place: Capitol Skyline Hotel, 10 I ("Eye") Street SW, Washington, DC 20024
Once registered, please call 202.488.7500 for hotel room reservations
and ask for the CPA room block. You should book for the evenings of
March 2 and March 3. CPA has negotiated discounted rates for a limited
number of rooms at $129 per night plus tax. Booking deadline is February 15, 2010, so reserve your room soon.
If you have questions about the events, please call Sara Haimowitz,
Development Coordinator, at 413-203-1410 or email at
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