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Special Economic Report
America in A Global Economy
Senator John McCain
America in a Global Economy
What is John McCain's Vision For Ensuring America's Economic
Preeminence In The Global Economy?
According to John McCain, he will promote a
strong and growing economy – an economy that creates jobs, increases
wages, and helps American workers compete with rivals in any market
in the world. He will pursue an economic agenda that places the need
for low taxes, fiscal discipline, and economic opportunity for
Americans above the special interests.
Ensure American Workers Continue to
Benefit from Exports to Other Countries.
American workers make and sell about $200 billion
in heavy machinery to other countries every year. They export more than $70 billion in aircraft and
parts, more than $148 billion in electrical machinery and equipment,
and $106 billion in cars, trucks, and other vehicles. In all, one in
every five American jobs depends on factory exports. Exports are
essential to American workers and employers across the nation:
Export is Essential for Small and Medium-sized Enterprises (SMEs)
Growth
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Illinois: Illinois is the fifth largest exporting state. Its
merchandise exports have almost doubled since 2002, hitting $48.7
billion last year. Top products include Machinery ($12.7 billion);
Transportation Equipment ($7.5 billion); Chemicals ($6.2 billion);
Computers & Electronics ($5.8 billion); and Appliances ($2.6
billion). Small and medium-sized enterprises (SMEs) generated nearly
one-quarter (23 percent) of Illinois' total exports of merchandise
in 2005. A total of 13,891 companies exported goods from Illinois
locations in 2005. Of those, 12,359 (89 percent) were SMEs, with
fewer than 500 employees
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California: California is the second largest exporting state. Its
merchandise exports have almost increased 45 percent since 2002,
hitting $134.2 billion last year. Top products include Computers &
Electronics ($43.7 billion); Machinery ($14.5 billion);
Transportation Equipment ($13.7 billion); Chemicals ($10.4 billion);
and Agriculture ($6.7 billion). Small and Medium-sized Enterprises (SMEs)
generated more than two-fifths (43 percent) of California's total
exports of merchandise in 2005. A total of 51,466 companies exported
goods from California locations in 2005. Of those, 49,148 (95
percent) were SMEs, with fewer than 500 employees.
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Florida: Florida is the sixth largest exporting state. Its
merchandise exports have almost doubled since 2002, hitting $44.8
billion last year. Top products include Computers & Electronic
Products ($12.2 billion); Transportation Equipment ($7.2 billion);
Machinery ($5.1 billion); Chemicals ($4.7 billion); and Appliances
($1.7 billion). Small and Medium-sized Enterprises (SMEs) generated
nearly two-thirds (61 percent) of Florida's total exports of
merchandise in 2005 – the highest of all 50 states. A total of
28,524 companies exported goods from Florida locations in 2005. Of
those, 27,048 (95 percent) were SMEs, with fewer than 500 employees.
Honoring Trade Agreements with Key Allies:
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Pursuing Free Trade Agreements with
America's World Trading Partners.
As president, he will pursue
multilateral, regional and bilateral efforts to reduce trade
barriers, level the global playing field and build effective
enforcement of global trading rules.
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Pushing to Ratify the Colombia Free Trade
Agreement.
American exporters now pay an extra $3.5 million in
tariffs each day because we don't have a completed trade agreement
with Colombia. Colombia is a friend and crucial democratic ally. The
stability of Colombia is more critical than ever as others in the
region seek to turn Latin America away from democracy and away from
America. Trade serves all of these national interests, and the
interests of the American economy as well.
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Supporting a Free Trade Agreement With South Korea.
America exports nearly $50 billion in goods to South Korea, a key
ally that deployed the third-largest contingent of troops to Iraq,
and assisted in the rebuilding of Afghanistan.
Helping American Workers in the Global Economy:
Reforming Worker Assistance Programs.
There are vast benefits of a global
marketplace, but they come at a cost for many, and we have an
obligation to help American workers receive the training they need when
plants close and jobs are lost. We have to help displaced workers at
every turn on a tough road, so that they are not just spectators on
the opportunities of others. The government must expand and improve federal aid to American workers in
need.
Pursuing A Responsible Agricultural Policy:
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Seek an End to all Agricultural Tariffs, and
to
all Farm Subsidies that are not based on Clear Need.
John McCain will veto
any bill containing special-interest favors and corporate welfare in
any form. As President, John McCain will base America's farm policy on the
common good, with policies that help America's small farmers to succeed,
and America's rural communities to survive and flourish once again.
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Open Foreign Markets across the World to
American Farmers.
The biggest obstacle to this goal,
however, is not to be found in any foreign market, or in the
policies of any other government. It is in the United States Congress
and in the billions of
dollars in subsidies served up every five years to corporate
farmers.
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Opposing the $300 Billion Farm Bill.
John McCain
opposes providing billions to subsidize large commercial farms with
an average income of $200,000, and an average net worth of $2
million while American workers and taxpayers struggle to buy food,
because of rising prices.
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