Rally Speech: Bossier, Louisiana

By:  Buddy Roemer III
Date: July 9, 2011
Location: Bossier, LA

HELLO FRIENDS. IT'S GOOD TO BE HOME AGAIN. THE CROWD IS TWICE WHAT WE EXPECTED AND I WISH I HAD TIME TO THANK EACH ONE OF YOU BEFORE I SAY MY PIECE HERE TODAY, BUT WE ARE ON A MEDIA SCHEDULE, SO I PROMISE THAT I WILL STAY AFTER MY REMARKS AND VISIT WITH EACH ONE OF YOU AND ANSWER YOUR QUESTIONS.

I DO WANT TO THANK THE 500 CLUB MEMBERS HERE TODAY. THE 500 CLUB IS A GROUP OF VOLUNTEERS WHO HAVE WORKED FOR A BETTER LOUISIANA WITH ME FOR 33 YEARS. I THANK EACH OF YOU. THE WORK IS NOT FINISHED. FOR THE PAST SEVERAL MONTHS, I HAVE BEEN EXPLORING THE POSSIBILITY OF RUNNING FOR PRESIDENT OF THE UNITED STATES, AND WILL MAKE A FORMAL ANNOUNCEMENT IN NEW HAMPSHIRE, A KEY EARLY PRIMARY STATE, IN THE WEEKS AHEAD. BUT I COULD NOT DO SO WITHOUT RETURNING HOME AND ASKING YOU TO MAKE THE TRIP WITH ME. YOU KNOW ME.

I AM NOT DOING THIS FOR MY EGO OR FOR PERSONAL GAIN OR GLORY OR THE ATTAINMENT OF POWER. THOSE AGGRESSIVE MOTIVATIONS OF YOUTH HAVE LONG RECEDED. I AM HERE TODAY, LIKE YOU, BECAUSE I LOVE AMERICA AND THE PRINCIPLES UPON WHICH AMERICA IS DEDICATED. TWENTY YEARS AGO WHEN I LEFT THE GOVERNOR'S OFFICE, I DID NOT EXPECT THAT I WOULD BE STANDING BEFORE YOU TODAY TO ASK FOR YOUR SUPPORT IN THIS SOLEMN CAMPAIGN TO SAVE THE COUNTRY I LOVE.

I HAVE RE-ENTERED POLITICS BECAUSE OUR NATION IS IN GRAVE DANGER. AND NEITHER THE PRESIDENT NOR THE CONGRESS NOR ANY OTHER CANDIDATE FOR PRESIDENT UNDERSTANDS THE PROBLEM THAT IS DESTROYING OUR NATION. THEY HAVE NOT PRESENTED ANY VIABLE SOLUTION. I HAVE SPENT A LIFETIME STUDYING AMERICAN HISTORY, AMERICAN POLITICS, INTERNATIONAL ECONOMICS, AND BUILDING JOBS IN AMERICA. AND I KNOW WE CAN DO BETTER. I AM OLD ENOUGH TO KNOW WHAT TO DO. I AM STILL YOUNG ENOUGH TO GET IT DONE.

LET'S TALK ABOUT HOW AMERICA BECAME THE GREATEST ECONOMY ON EARTH, AND THEN WHY OUR POLITICAL LEADERS ABANDONED THESE SUCCESSFUL POLICIES, SENDING US DOWN A PATH TO RUIN. I WILL CLOSE WITH MY CURE FOR THE DISEASE, A CURE WHICH WILL BRING BACK AN AMERICA RISING, AND ASK YOU TO JOIN WITH ME.

WE ARE A NATION IN GREAT PERIL AND THESE ARE THE SYMPTOMS OF AN AMERICA IN DECLINE:

MILLIONS OF AMERICANS ARE OUT OF WORK, MILLIONS MORE HAVE QUIT LOOKING FOR WORK, MILLIONS WORK PART-TIME BECAUSE THAT'S ALL THEY CAN GET, AND MILLIONS HAVE TAKEN HUGE PAY CUTS JUST TO KEEP A JOB.

AMERICA HAS LOST 2/3 RDS OF IS MANUFACTURING JOBS, IN ALL STATES, IN ALL INDUSTRIES, AND THOSE LAID OFF FROM THESE GOOD JOBS FIND ONLY LOWER PAYING JOBS LIKE WAITERS OR WALMART, OR, WORSE FOR US, JOBS WORKING FOR OUR BLOATED, INEFFICIENT AND UNPRODUCTIVE GOVERNMENT.

UNEMPLOYMENT IS DESTROYING OUR FUTURE AND SENSE OF HOPE AND SENSE OF COMMUNITY. WHEN A FAMILY BECOMES UNEMPLOYED, IT AFFECTS THEIR MARRIAGE AND THEIR CHILDREN'S WELFARE AND FUTURE. UNEMPLOYMENT IS SILENTLY BUT IRRETRIEVABLY TEARING APART THE FABRIC OF OUR SOCIETY. WHEN A FAMILY IS UNEMPLOYED, THE DESPAIR DOES NOT STOP AT THEIR FRONT DOOR. THEY CANNOT PAY THEIR BILLS OR THEIR CREDITORS. SOON, MANY LOCAL BUSINESSES LOSE THEIR NARROW PROFIT MARGIN AND SHUT THEIR DOORS.

GOVERNMENTS BEGIN TO LOSE TAX REVENUE, WHILE THE EXPENSE OF PROVIDING WELFARE FOR THE UNEMPLOYED RISE STEEPLY. THE CLOUD OF BANKRUPTCY SPREADS FIRST FROM FAMILIES TO SMALL BUSINESSES AND THEN TO GOVERNMENT. SOME MAY BE UNHURT IN THE FIRST FEW YEARS, BUT ECONOMIC DECAY SPREADS. WHEN AMERICA IS IN DECLINE, IT AFFECTS US ALL.

WE ARE A NATION IN GREAT PERIL. FOR ALMOST 200 YEARS, WE ENJOYED A POSITIVE BALANCE OF TRADE, BECOMING THE INDUSTRIAL GIANT OF THE WORLD, GAINING WEALTH EACH YEAR AS WE SOLD MORE PRODUCTS TO OTHER NATIONS THAN THEY SOLD TO US. SINCE 1971, THAT HAS REVERSED. FOR 40 YEARS AMERICA HAS SUFFERED THE WORST TRADE DEFICITS OF ANY NATION IN WORLD HISTORY. THIS IS UNSUSTAINABLE! TODAY, ALMOST EVERYTHING THE AMERICAN CONSUMER BUYS IS MADE IN A FOREIGN COUNTRY. EVERY TIME WE GO SHOPPING, WE ARE SENDING OUR DOLLARS OUT OF OUR ECONOMY, WHICH MAKES AMERICA POORER.

TODAY, CHINA ENJOYS THE GREATEST ECONOMIC BOOM IN WORLD HISTORY, AND WE AMERICANS ARE PAYING FOR IT.

WE ARE A NATION IN GREAT PERIL. WE ARE RAPIDLY MOVING TOWARD A SUBSTANTIAL DEVALUATION OF THE AMERICAN DOLLAR AS A RESULT OF THESE HUGE TRADE IMBALANCES OVER A LONG PERIOD OF TIME.

WHEN THE VALUE OF A DOLLAR GOES TO A DIME, IT WILL WIPE OUT THE VALUE OF YOUR SAVINGS, YOUR PENSIONS, OUR BANKING SYSTEM, AND OUR MOST VALUABLE ECONOMIC ASSET--OUR SMALL BUSINESSES. WHEN MILLIONS OF MIDDLE-CLASS AMERICAN LOSE THE VALUE OF THEIR SALARIES, THEIR SAVINGS AND THEIR PENSIONS----ALL OF US WILL SUFFER.

MEANWHILE, I PREDICT THAT AMERICA'S DECLINE WILL CONTINUE TO ACCELERATE. THE SIZE OF OUR NATIONAL DEBT AT $14.3 TRILLION APPROACHES 100% OF OUR ANNUAL DOMESTIC PRODUCT. MY GROWING FEAR IS THAT A DEBT THAT SIZE AND GROWING THIS FAST CAN ONLY BE REPAID IF WE ALLOW THE DOLLAR TO FALL IN VALUE, CREATE ENORMOUS INFLATION, AND REPAY WITH "CHEAP" DOLLARS. THIS KIND OF DELIBERATE "POLITICAL" INFLATION IS A ROBBERY OF EVERY MIDDLE CLASS HOUSEHOLD, OF EVERY SMALL BUSINESS DREAM, AND OF THE FUTURE OF EVERY YOUNG PERSON.

EXCESSIVE DEBT SHRINKS A NATION, ACCORDING TO PRESIDENT LINCOLN. LOOK AT THE LOUISIANA PURCHASE WHERE PRESIDENT JEFFERSON BOUGHT LOUISIANA FOR PENNIES AN ACRE AS NAPOLEON AND FRANCE NEEDED CASH TO PAY WAR DEBT. AMERICA DOUBLED IN SIZE AND FRANCE DISAPPEARED FROM THE NEW WORLD.

JOBLESSNESS, DEBT, TRADE IMBALANCE, DEVALUATION OF THE DOLLAR, RISING INFLATION -- A NATION IN GREAT PERIL. AND THERE IS NO "US" VERSUS "THEM". ALL AMERICANS DEPEND ON ONE ANOTHER. THIS ISSUE IS ABOUT "US" --ALL OF "US".

ALL THE OTHER CANDIDATES AND OUR PRESIDENT POINT TO THESE FACTS AS "THE PROBLEM".

THEY ARE WRONG.

THESE ARE ONLY THE SYMPTOMS OF THE PROBLEM

THESE POLITICIANS TALK ABOUT REDUCING THE DEFICIT, REDUCING TAXES, REDUCING GOVERNMENT, INJECTING MONEY WE DON'T HAVE INTO THE ECONOMY TO STIMULATE RECOVERY ----AND THE ECONOMY GETS WORSE!

THESE REMEDIES ARE JUST BAND-AIDS TRYING TO STOP A LIFE-THREATENING HEMORRHAGE. THEY DO NOT CORRECT THE PROBLEM. THEY HAVE NOT CORRECTED THE PROBLEM. THEY WILL NOT CORRECT THE PROBLEM.

THEIR SOLUTIONS ARE INADEQUATE AND WILL NOT WORK.

JUST LOOK AT AMERICAN HISTORY.

WHEN OUR CONSTITUTION WAS ADOPTED IN 1789, ENGLAND WAS THE WORLD'S INDUSTRIAL LEADER. AMERICA WAS A NATION OF FARMERS. IT HAD LITTLE, IF ANY, INDUSTRY.

OUR FIRST U.S.TREASURER, ALEXANDER HAMILTON, BELIEVED THAT WE HAD TO HAVE OUR OWN INDUSTRIES AND BE ECONOMICALLY INDEPENDENT OF EUROPE IF WE HOPED TO DEFEND OURSELVES IN THE EVENT OF ANOTHER WAR. SO HE PERSUADED OUR FIRST CONGRESS TO ADOPT A TARIFF TAX ON ENGLISH PRODUCTS IMPORTED HERE TO MAKE THEM MORE EXPENSIVE. THIS WOULD ENCOURAGE AMERICANS TO CREATE FACTORIES AND INDUSTRIES TO PRODUCE THE INDUSTRIAL GOODS THAT AMERICA MIGHT NEED AND TO PAY A DECENT WAGE TO OUR WORKERS. ESTABLISHING AND MAINTAINING A TARIFF SYSTEM PROTECTED OUR EMERGING FACTORIES FROM CHEAPER FOREIGN COMPETITION THAT WOULD HAVE OTHERWISE DRIVEN OUR INDUSTRIES OUT OF BUSINESS.

PROTECTIVE TARIFFS WORKED. THEY ALLOWED US TO CHANGE FROM A COUNTRY OF FARMERS TO A COUNTRY OF MANUFACTURING. PROTECTIVE TARIFFS ALLOWED OUR NATION TO DEVELOP AND BECOME THE INDUSTRIAL GIANT OF THE WORLD, PROVIDING MILLIONS OF JOBS AT GOOD PAY, FORMING THE ECONOMIC BASE OF OUR AFFLUENT SOCIETY.

ADOPTING PROTECTIVE TARIFFS WAS THE MOST SUCCESSFUL ECONOMIC POLICY IN THE HISTORY OF AMERICA.

DURING THE 160 YEARS WHEN AMERICA USED TARIFFS TO BUILD AND PROTECT OUR MANUFACTURING INDUSTRIES, WE HAD THE FACTORIES NECESSARY TO SUPPLY OUR ARMED FORCES WITH SHOES AND CLOTHING, RIFLES AND CANNON, WARSHIPS, TANKS, ARMORED VEHICLES AND TRANSPORT VEHICLES. THESE TARIFFS ALLOWED US TO BE PREPARED FOR THE BRITISH IN THE WAR OF 1812. AND FOR THE CIVIL WAR WHERE WE WON TO HOLD OUR NATION TOGETHER. AND WORLD WAR I AND WORLD WAR II. THE PROTECTIVE TARIFF BUILT A MANUFACTURING BASE TO KEEP US FREE.

AND DURING THIS 160 YEAR PERIOD, WE HAD NO INCOME TAX AND THE GOVERNMENT RECEIVED ITS REVENUE FROM THE PROTECTIVE TARIFFS. THE PRIMARY REASON FOR UNEMPLOYMENT AND RECESSION TODAY IS THT WE HAVE ABANDONED THE POLICIES THAT MADE AMERICA GREAT. WE HAVE ALLOWED OUR MANUFACTURING INDUSTRIES TO MOVE OUTSIDE THE COUNTRY WHERE LABOR IS CHEAP. NOW, WE HAVE LOST NOT ONLY OUR FACTORIES AND JOBS, WE HAVE LOST OUR MILITARY INDEPENDENCE AS WELL.

HOW DID WE ALLOW THIS TO HAPPEN?

AFTER WWII, ALL OF THE MAJOR INDUSTRIAL NATIONS IN THE WORLD WERE DEVASTATED, EXCEPT THE UNITED STATES AND ENGLAND. WE WERE NOT SATISFIED TO PRODUCE ALL THE GOODS NEEDED FOR OUR OWN U.S. MARKET. WE WANTED TO PRODUCE ALL THE GOODS USED BY THE ENTIRE WORLD. GLOBAL FREE TRADE WITHOUT TARIFFS WAS OUR IDEA. ECONOMIC EXPERTS TAUGHT THAT GLOBAL FREE TRADE WITHOUT TARIFFS WOULD BENEFIT THE ENTIRE WORLD WITH THE HIGHEST OUTPUT OF GOODS AT THE LOWEST PRICES. THEY EXPECTED THAT IF WE COULD PERSUADE ALL THE WORLD TO ELIMINATE TARIFFS, AMERICAN BUSINESS WOULD SUPPLY THE ENTIRE WORLD. GLOBAL FREE TRADE BECAME THE SACRED COW OF AMERICA'S LARGEST CORPORATIONS, ITS GOVERNMENT, AND ITS ECONOMISTS.

GLOBAL FREE TRADE DID NOT WORK, BECAUSE OTHER COUNTRIES DID NOT ACCEPT IT. THEY PUT UP BARRIERS TO OUR PRODUCTS, WHILE THE U.S. ALLOWED FOREIGN UNFAIR COMPETITION TO KILL OUR INDUSTRIES.

THERE WERE TWO MAJOR INDUSTRIAL NATIONS THAT DID NOT ACCEPT THE FREE TRADE IDEA---JAPAN AND GERMANY. AFTER WWII, THEY BOTH MOVED THEIR GLOBAL TRADE POLICIES IN THE EXACT OPPOSITE DIRECTION TO PROTECT THEIR INDUSTRIES FROM U.S. COMPETITION.

WHILE WE LOWERED OUR TRADE BARRIERS, JAPAN AND GERMANY, WHOSE FACTORIES HAD BEEN TOTALLY WIPED OUT, INCREASED THEIR TRADE BARRIERS. FOR DECADES, AND EVEN TODAY, IT HAS BEEN ALMOST IMPOSSIBLE TO SELL AN AMERICAN INDUSTRIAL PRODUCT TO JAPAN OR GERMANY. THIS POLICY IS WHAT BROUGHT THE JAPANESE ECONOMY FROM TOTAL COLLAPSE TO BECOME THE SECOND LARGEST IN THE WORLD. TAKING ADVANTAGE OF AMERICA'S OPEN TRADE POLICY, JAPAN STARTED ELIMINATING OUR INDUSTRIES. THEY ALMOST WIPED OUT MOST OF AMERICA'S CAMERA AND OPTICAL INDUSTRIES, THEN, OUR TOYS, TELEVISION AND CONSUMER ELECTRONICS, MUSICAL INSTRUMENTS, MOTORCYCLES, BICYCLES, STEEL, AND FINALLY, THE DOMINANT AMERICAN AUTOMOBILE INDUSTRY. AND THE USA ALLOWED JAPAN TO DO THIS WITHOUT TRADE RETALIATION. WE ALLOWED THEIR PRODUCTS INTO AMERICA WHILE THE JAPANESE WOULD NOT ALLOW OUR PRODUCTS INTO JAPAN.

LIKE JAPAN, GERMANY IMPOSED A BROAD SPECTRUM OF ECONOMIC BARRIERS TO PROTECT ITS RE-EMERGING INDUSTRIES. AS A RESULT OF GERMANY'S PROTECTIONIST TRADE POLICY, GERMANY TODAY HAS THE HIGHEST TRADE SURPLUS AND THE STRONGEST ECONOMY IN EUROPE, WHILE AMERICAN HAS THE WORST TRADE DEFICIT AND MONETARY LOSS IN THE HISTORY OF THE WORLD.

BY PROTECTING THEIR INDUSTRIES THAT WERE TOTALLY DESTROYED IN WWII, GERMANY AND JAPAN HAVE RECOVERED WORLD MANUFACTURING DOMINANCE WHILE AMERICA'S MANUFACTURING SECTOR HAS BEEN DEVASTATED. COMPARING THE INDUSTRIAL POWERS OF THE WORLD--THE USA, GERMANY, AND JAPAN--IN 1941 WHEN WE ENTERED THE WAR, TO THE POWERS NOW, IT LOOKS LIKE JAPAN AND GERMANY WON THE WAR AND AMERICA LOST. BUT OUR INDUSTRIAL SECTOR WAS NOT DEVASTATED THROUGH WAR. IT WAS BY OUR OWN MISGUIDED ECONOMIC POLICIES...WITHOUT ANYONE FIRING A SHOT.

THE STORY GETS WORSE. THE BIGGEST DISASTER FOR THE AMERICAN ECONOMY AROSE OUT OF OUR OPENING TRADE WITH CHINA IN THE 1970"S. NIXON AND KISSINGER THAT THIS WOULD BE AN ECONOMIC BONANZA FOR OUR ADVANCED INDUSTRIAL SOCIETY. OUR POLITICIANS AND LEADING ECONOMIC EXPERTS PROMISED US THAT AMERICA WOULD ATTAIN UNPRECEDENTED WEALTH SELLING OUR PRODUCTS TO THAT UNTAPPED, DEPRIVED CONSUMER MARKET. AMERICAN FACTORIES WOULD BE WORKING DAYS AND NIGHTS FOR DECADES TO SUPPLY THE CHINESE DEMAND.

BUT CHINA HAD A DIFFERENT IDEA. CHINA WAS SMART WHILE WE WERE STUPID. THEY SET UP TRADE BARRIERS TO PREVENT THE IMPORTATION OF AMERICAN PRODUCTS. THE CHINESE GOVERNMENT INSISTED THAT IF AMERICA WANTED TO SELL IN THE CHINESE MARKET, WE HAD TO SEND THEM OUR TECHNOLOGY, WE HAD TO SEND THEM OUR MANAGERIAL SKILLS, AND WE EVEN HAD TO SEND THEM OUR ENTIRE FACTORIES, TO PRODUCE ALL THE PRODUCTS NOT ONLY FOR THE CHINESE MARKET, BUT ALSO FOR THE U.S. MARKET, USING CHINESE LABOR.

OUR ECONOMISTS, OUR CORPORATIONS, AND OUR POLITICIANS PROMISED AMERICA THAT IT WAS FOR OUR OWN GOOD. THEY SAID WE DO NOT NEED TO EMPLOY MILLIONS OF AMERICANS IN BLUE-COLLAR FACTORY JOBS. INSTEAD, AMERICAN LABOR WOULD MOVE UP INTO HIGHER PAYING SKILLED JOBS IN HIGH-TECH DEVELOPMENT, IN INTERNATIONAL FINANCE, IN CORPORATE MANAGEMENT. LET THE CHINESE HAVE THOSE TEDIOUS, DIRTY, FACTORY JOBS. AMERICANS WILL PROSPER AS WE BECOME THE WORLD'S ENTREPRENEURIAL ENGINEERS, THE WORLD'S ECONOMIC MANAGERS, THE PROFESSIONAL INNOVATORS OF THIS NEW WORLD ORDER.

THE OLD RULES OF TRADE AND ECONOMICS WERE CAST ASIDE AS OUT OF DATE.

WHY DID THEY NOT UNDERSTAND THAT NOT EVERY AMERICAN CAN BE AN ELI WHITNEY, THOMAS EDISON, HENRY FORD, BILL GATES, OR A STEVE JOBS? WE NEED EMPLOYMENT FOR THOSE AMERICANS WHO WANT AND NEED TO WORK IN FACTORIES. WE NEED TO PRODUCE OUR OWN GOODS SO THAT WE ARE NOT DEPENDENT UPON OTHER COUNTRIES AND DO NOT SEND OR MONEY TO OTHER COUNTRIES WHENEVER WE GO SHOPPING.

OUR POLITICAL AND BUSINESS LEADERS SHOULD HAVE SEEN THAT MOVING AMERICA'S FACTORIES TO CHINA WOULD BE A THREAT TO THE ECONOMY AND TO THE SECURITY OF OUR NATION. INSTEAD, SOME AMERICAN CORPORATIONS SAW THIS AS AN OPPORTUNITY TO MAKE FANTASTIC PROFITS BY MOVING OUR AMERICAN FACTORIES TO CHINA, USING CHEAP CHINESE LABOR.

AND OUR POLITICIANS WERE PERSUADED BY POLITICAL DONATIONS TO LOOK THE OTHER WAY. THEY HAD NO CONCERN FOR THE DESTRUCTION OF THE AMERICAN ECONOMY.

THEY DID NOT CARE THAT TWO-THIRDS OF THE INDUSTRIAL WORKERS IN AMERICA LOST THEIR JOBS. THEY HAD NO CONCERN ABOUT WHAT THIS WOULD DO TO THE FAMILIES OF THE UNEMPLOYED AMERICAN FACTORY WORKERS. THEY HAD NO CONCERN ABOUT THE EFFECT OF CLOSING THOUSANDS OF FACTORIES THROUGHOUT THE UNITED STATES. THEY DID NOT CARE ABOUT THE BURDEN UPON OUR SOCIETY TO PROVIDE UNEMPLOYMENT SUPPORT TO THE MILLIONS OF WORKERS WHO LOST THEIR INCOME.

THEY LOOKED THE OTHER WAY WHEN SMALL BUSINESS FACED BANKRUPTCY AS THEIR CUSTOMERS DISAPPEARED. THEY DID NOT CARE WHAT THIS WOULD DO TO THE AMERICAN ECONOMY, OUR NATIONAL DEFENSE, OR TO THE LIFE OF OUR INDUSTRIAL CITIES.

THE ONLY CONCERN OF THE BUSINESSES MOVING THEIR FACTORIES TO CHINA WAS THE HUGE PROFITS THAT THEY COULD MAKE WORKING WITH THE CHINESE, AS THEY TRANSFORMED AMERICA FROM A LAND OF PROSPEROUS INDEPENDENT PRODUCERS TO A DECLINING NATION OF DEPENDENT CONSUMERS. AND THE ONLY CONCERN OF THE POLITICIANS IN AMERICA WAS THE HUGE CAMPAIGN DONATIONS THAT THEY RECEIVED FOR GIVING THOSE CORPORATIONS THE LEGISLATURE THEY WANTED TO MAKE THIS HAPPEN.

WHAT HAPPENED TO THOSE AMERICAN BUSINESSES THAT DID NOT MORE THEIR OPERATIONS TO CHINA? WHAT U.S. FACTORIES COULD SURVIVE THE UNFAIR COMPETITION FOR CHINA? WHILE OUR FACTORIES WERE SUBJECT TO MINIMUM WAGE LAWS AND UNION COLLECTIVE BARGAINING THAT ASSURED A HIGH STANDARD OF LIVING FOR BLUE-COLLAR WORKING AMERICANS, THE CHINESE FACTORIES EMPLOYED UP TO 50 WORKERS FOR THE SAME COST AS ONE U.S. WORKER. CHINESE CHILDREN WORKED 60 HOURS PER WEEK FOR NO MORE THAN ROOM AND BOARD. CHINESE PRISONERS WERE FORCED TO WORK IN CHINESE PRISONS FOR NOTHING. CHINESE FACTORIES OPERATED WITH NO RULES AND NO EXPENSE TO PROTECT THE HEALTH AND SAFETY OF THE WORKERS NOR ANY PENALTY FOR POLLUTING THE ENVIRONMENT. IF NECESSARY TO DESTROY OUR FACTORIES, THE CHINESE GOVERNMENT SUBSIDIZED ITS FACTORIES TO DUMP GOODS ON THE AMERICAN MARKET AT A PRICE LOWER THAN THE CHINESE COST. AND OUR FACTORIES DISAPPEARED.

WORSHIPING AN UNTESTED THEORY OF GLOBAL FREE TRADE, OUR POLITICAL LEADERS ABANDONED THE TRIED AND TRUE, SUCCESSFUL ECONOMIC POLICY OF TARIFFS. THEY FAILED TO PROTECT OUR FACTORIES. THEY BETRAYED AND ABANDONED THE MILLIONS OF AMERICAN WORKERS WHO PAID TAXES, SUPPORTED OUR SMALL BUSINESSES, AND FORMED THE FOUNDATION OF A PROSPEROUS NATION. PRESIDENT OBAMA IS THE LATEST IN A LONG LINE OF FREE TRADERS LOVED BY THE BIG CORPORATIONS.

NOW WE FIND GROWING, UNENDING, UNEMPLOYMENT.

WE ALL KNOW THE REST OF THE STORY. TODAY, ALMOST EVERYTHING WE BUY IN THE UNITED STATES HAS A LABEL THAT SAYS, "MADE IN CHINA" OR IN "TAIWAN" OR IN INDIA OR JAPAN OR IN SOUTH KOREA.

AMERICA'S ECONOMIC PROMINENCE WAS NOT LOST. IT WAS STOLEN.

I AM NOT THE ONLY PERSON WHO SPEAKS THE TRUTH ABOUT GLOBAL FREE TRADE. LOOK ON THE INTERNET. YOU WILL FIND HUNDRE3DS OF ARTICLES, REPORTS, AND BOOKS THAT SHOW IT HAS PROVEN TO BE A FAILURE.

BUT I AM THE ONLY PRESIDENTIAL CANDIDATE WHO IS PEAKING THE TRUTH ABOUT GLOBAL FREE TRADE AND THE HARM THAT IT IS DOING TO AMERICA. WHY ARE THE OTHER POLITICIANS AND MANY ECONOMISTS AT THE MAJOR UNIVERSITIES SUPPORTING THIS DISASTROUS EXPERIMENT THAT IS CAUSING SO MUCH SUFFERING TO THE AMERICAN PEOPLE?

I CANNOT PRETEND TO TELL YOU WHAT IS IN THE HEARTS AND MINDS OF OTHERS. THEY WILL HAVE TO ANWER FOR THEMSELVES. BUT I CAN TELL YOU THE FACTS. FROM THESE FACTS YOU CAN MAKE YOUR OWN CONCLUSIONS.

THE FACT IS THAT THIS EXPERIMENT WITH THE IDEA OF GLOBAL FREE TRADE HAS NOW BEEN TRIED AND HAS FAILED MISERABLY. CONTRARY TO WHAT THE ADVOCATES OF GLOBAL FREE TRADE PREDICTED, WHEN IT WAS PUT INTO PRACTICE, IT DESTROYED OUR POSITIVE TRADE BALANCE, IT DESTROYED OUR FACTORIES, IT DESTROYED THE LIVELIHOOD OF AMERICAN WORKERS, IT WIPED OUT OUR INDUSTRIAL CITIES, AND IT RENDERED OUR NATION DEPENDENT UPON CHINA AND OTHER FOREIGN COUNTRIES FOR THE NECESSITIES OF LIFE. SO LET'S CHANGE IT.

BUT HERE IS THE CATCH:

FOR SOME PEOPLE AND CORPORATIONS, GLOBAL FREE TRADE HAS BEEN A BONANZA AND THESE ARE THE BEST OF TIMES. WHILE OUR NATION IS IN GREAT DANGER, CERTAIN CORPORATIONS AND A SMALL GROUP OF PEOPLE HAVE PROFITED FANTASTICALLY FORM OUR FAILED POLICIES. THEY HAVE MOVED THEIR PRODUCTION OFF SHORE, FREE OF OUR TAXES, FREE OF OUR WAGES, AND FREE OF REGULATION. THEY HAVE MADE MORE PROFIT MOVING THE FACTORIES TO OTHER COUNTRIES THAN THEY EVER MADE IN THE U.S.. THEY HAVE USED THEIR ENORMOUS WEALTH TO FINANCE POLITICAL CAMPAIGNS AND GAIN INFLUENCE OVER OUR GOVERNMENT . THEY HAVE BOUGHT OUR POLITICAL SYSTEM. BOUGHT OUR POLITICAL SYSTEM?

STRONG WORDS!---- LOOK AT THE FACTS.

THE AVERAGE FAMILY DOESN'T GIVE TO A PRESIDENTIAL CAMPAIGN. 99% OF THE PEOPLE DO NOT GIVE. THE 1% WHO WANT SOMETHING DO AND IT WORKS.

DON'T BELIEVE ME? GE WAS THE LARGEST CONTRIBUTOR AMONG ALL CORPORATIONS LAST YEAR --THEY GAVE $4.3 MILLION IN THE LAST PRESIDENTIAL RACE, PLUS A HUGE LOBBYING EFFORT. AND ON A WORLD-WIDE PROFIT OF $14.2 BILLION ($5 BILLION PLUS PROFIT IN THE U.S.), THEY PAID ZERO FEDERAL INCOME TAXES. ZERO!

DON'T BELIEVE ME THAT THERE IS A RELATIONSHIP BETWEEN MONEY AND POLITICS? CHECK OUT GOLDMAN SACHS. THEY GIVE MORE THAN ANY OTHER FINANCIAL CORPORATION LAST CYCLE AT $3.4 MILLION, GET BAILED OUT NICELY BY THE FEDS, AND HELP HOST A $35,000 A TICKET FUNDRAISER LAST MONTH FOR THEIR CHIEF REGULATOR, PRESIDENT OBAMA.

A POLITICAL SYSTEM THAT'S BOUGHT? HOW ABOUT THIS? WASHINGTON DC IS A BOOM TOWN WHILE THE REST OF AMERICA HURTS. WASHINGTON DC ADDRESSES GAVE MORE TO PRESIDENTIAL CAMPAIGNS 4-YEARS AGO THAN 32 STATES COMBINED! PAC MONEY, BIG CHECK MONEY, SPECIAL INTEREST MONEY, BUNDLED MONEY, WALL STREET MONEY, LOBBYIST MONEY, ACCESS MONEY, I'LL GIVE YOU A JOB WHEN YOU RETIRE MONEY.

THE SYSTEM IS INSTITUTIONALLY CORRUPT AND THERE IS ONLY ONE CANDIDATE WHO WILL NOT SELL OUT TO THE BIG MONEY AND WILL NOT BE THE POLITICAL SERVANT OF THE FEW PEOPLE OF PRIVILEGED WEALTH. THERE IS ONLY ONE CANDIDATE WHO WILL NOT ACCEPT DONATIONS FROM THE SPECIAL INTERESTS AND WILL, WHEN ELECTED, BE FREE TO LEAD, AND WILL LEAD THIS NATION OUT OF ITS ECONOMIC DEPRESSION. AND HERE'S HOW: WE COULD CALL IT THE ROEMER SOLUTION, WHICH WILL RESTORE AMERICA'S INDUSTRIAL PROMINENCE WITHOUT USING TARIFFS. REMEMBER WHEN EVERYTHING YOU BOUGHT WAS MADE IN AMERICA? NOW, YOU CAN EVEN CALL FOR INFORMATION LOCALLY AND THE PERSON ON THE OTHER END OF THE LINE CAN ONLY PROVIDE LIMITED ASSISTANCE?

HAS YOUR FAMILY BEEN TORN APART AND SCATTERED BECAUSE YOU OR YOUR CHILDREN OR BROTHERS OR SISTERS HAD TO MOVE AWAY TO FIND A DECENT JOB OR TO FIND A PLACE WHERE YOU CAN AFFORD TO LIVE ON REDUCED INCOME?

ELECT ME PRESIDENT AND WE SHALL BRING BACK TO AMERICA THE MOST PRODUCTIVE, EFFICIENT, CLEAN AND SAFE FACTORIES THAT THE WORLD HAS EVER KNOWN, OPERATED BY SKILLED AMERICAN LABOR PRODUCING THE HIGHEST QUALITY GOODS AT AFFORDABLE PRICES, WITH EACH PRODUCT PROUDLY PROCLAIMING, MADE IN AMERICA!

THE WAY TO RESTORE JOBS IN AMERICA IS BY RESTORING AMERICA'S INDUSTRIAL PROMINENCE. ALMOST EVERYTHING WE BUY IN AMERICA MUST BE PRODUCED BY AMERICANS EMPLOYED HERE, NOT ONLY TO PROVIDE JOBS FOR AMERICANS, BUT ALSO TO PREVENT SENDING OUR WEALTH TO FOREIGN COUNTRIES AND TO PREVENT THE DEVALUATION OF THE AMERICAN DOLLAR.

THE ONLY WAY TO DO THAT IS TO ESTABLISH LEGITIMATE AND REASONABLE ECONOMIC BARRIERS TO UNFAIR COMPETITION FROM ABROAD. WE MUST ADOPT PROTECTIVE ECONOMIC POLICIES THAT WILL INDUCE FACTORIES TO COME BACK HOME.

PLEASE GIVE ME THE PRIVILEGE TO SERVE OUR COUNTRY. LET ME NOT ONLY BRING BACK THE FACTORIES, BUT ALSO BRING WORKING FAMILIES BACK TO EMPTY HOMES. LET ME BRING BACK THE SMALL BUSINESSES TO EMPTY BUILDINGS, AND TO RESTORE THE NATION AS THE LAND OF FREEDOM, SECURITY, AND PROSPERITY.

THE ECONOMIC POLICY THAT WORKED FANTASTICALLY FOR AMERICA, FOR JAPAN, AND FOR GERMANY WILL WORK FOR US AGAIN.

YES, I AM IN FAVOR OF PROTECTIONISM. PROTECTING AMERICAN INDUSTRY AND AMERICAN JOBS FROM UNFAIR FOREIGN IMPORTS IS NOT A RADICAL OR UNTESTED IDEA. IT WORKED FOR 160 YEARS TO MAKE AMERICA THE INDUSTRIAL GIANT OF THE WORLD. AND IT HAS WORKED FOR JAPAN AND GERMANY AND CHINA, FOR TAIWAN, FOR SOUTH KOREA AND MALAYSIA, TO ALLOW THEM TO RISE FROM POVERTY TO PROSPERITY.

EVERY NATION IN HISTORY THAT SUSTAINS A SIGNIFICANT POSITIVE BALANCE OF TRADE HAS BECOME PROSPEROUS, WHILE EVERY NATION THAT HAS SUSTAINED A NEGATIVE BALANCE OF TRADE HAS BECOME OR REMAINED POOR.

WE MUST PROTECT AMERICA FROM THIS ROAD TO RUIN. WE MUST NOT ALLOW OUR GOVERNMENT TO BE DEPENDENT ON CAMPAIGNS FINANCED BY SPECIAL INTERESTS WHO ARE PROFITING WHILE AMERICA DECLINES.

LET ME TELL YOU SPECIFICALLY HOW I SHALL RESTORE THE AMERICAN ECONOMY.

AMONG AMERICA'S TARIFF POLICIES WORKED WELL FOR 160 YEARS, THEY WERE OFT CONTROVERSIAL BECAUSE THEY WERE POLITICALLY SET BY CONGRESS, WITH CONGRESSMEN MAKING BACK ROOM DEALS OR TRYING TO GAIN PROFITS FOR THEIR PARTICULAR DISTRICT. I WANT SOMETHING BETTER.

I WANTED TO FIND A WAY TO PROTECT OUR INDUSTRIES WITHOUT USING TARIFFS. I WANTED TO FIND A METHOD THAT WOULD PROVIDE ALL THE ADVANTAGES OF TARIFFS BY WITHOUT ANY OF THE DISADVANTAGES.

I WANTED TO APPLY A MEANS OF PROTECTING OUR INDUSTRIES BASED ON ECONOMIC NECESSITY, LIMITED TO THE MINIMUM AMOUNT NECESSARY TO PERMIT AN AMERICAN MANUFACTURER OPERATING EFFICIENTLY TO COMPETE FAIRLY WITH FOREIGN COMPETITION. I WANTED TO PROTECT OUR INDUSTRIES USING ECONOMICS RATHER THAN POLITICS.

I COULD NOT FIND ANYTHING IN HISTORY OR IN THE ECONOMIC LITERATURE THAT WOULD DO THIS, SO I CREATED MY OWN SOLUTION.

I HAVE CREATED TWO SIMPLE METHODS TO SAVE AND REVIVE THE ECONOMY AND BRING BACK AMERICA'S INDUSTRIES AND JOBS. BOTH WOULD BE EMPLOYED AND EACH HAS ITS OWN ADVANTAGES.

AT THE START, I WANT TO EMPHASIZE THAT THIS SOLUTION WILL NOT END AMERICA'S FOREIGN TRADE, WE WILL STILL IMPORT GOODS FROM CHINA AND OTHER COUNTRIES. BUT IT WILL ALLOW OUR OWN MANUFACTURERS TO COMPETE AND WILL ENCOURAGE FOREIGN MANUFACTURERS TO MOVE THEIR FACTORIES HERE, USING AMERICAN LABOR, IN ORDER TO COMPETE MORE EFFECTIVELY IN THE U.S. MARKET.

1. THE ROEMER TAX DEDUCTION SOLUTION

(A) ALLOW A TAX DEDUCTION ONLY WHEN BUSINESSES EMPLOY AND BUY AMERICAN SECTIONS 162 AND 212 OF THE INTERNAL REVENUE CODE, ALLOW A DEDUCTION AGAINST INCOME FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. SECTIONS 167 AND 179 OF THE INTERNAL REVENUE CODE ALLOW A DEPRECIATION DEDUCTION FOR BUSINESS EQUIPMENT PURCHASED. SECTION 1012 ALLOWS A DEDUCTION AGAINST CAPITAL GAINS FOR THE COST OF PROPERTY SOLD.

MY SOLUTION WILL AMEND THESE SECTIONS AND THE DEFINITION OF COSTS OF GOODS SOLD TO STATE THAT: "ANY EXPENDITURE FOR ANY GOODS PRODUCED, OR SERVICES LOCATED, OUTSIDE THE UNITED STATES SHALL NOT BE DEDUCTIBLE."

THIS SIMPLE AMENDMENT TO THE INTERNAL REVENUE CODE MEANS THAT IF A BUSINESS EMPLOYS OR CONTRACTS WITH ANYONE IN MANILA OR NEW DELHI TO ANSWER THE TELEPHONE FOR TECHNICAL SUPPORT SERVICE, OR HIRES RADIOLOGISTS IN INDIA TO READ X-RAYS, THE EXPENSE WOULD NOT BE DEDUCTIBLE.

LIKEWISE, ANY MATERIALS, COMPONENTS, PARTS, OR GOODS PURCHASED THAT WERE PRODUCED OUTSIDE OF THE U.S. WOULD NOT BE ALLOWED AS COSTS OF GOODS SOLD AND WOULD NOT BE DEDUCTED FROM INCOME.

AND IF AN AMERICAN BUYS STOCK IN A FOREIGN CORPORATION, THEY WILL HAVE TO PAY CAPITAL GAINS ON THE ENTIRE SALES PRICE WHEN THEY SELL THE STOCK.

THIS WILL ENCOURAGE AMERICAN BUSINESSES TO BUY "AMERICAN", EVEN IF IT COSTS A LITTLE MORE, SO THEY CAN DEDUCT THE EXPENSE. IT WILL REVERSE THE EFFECT OF THE POLICY THAT CHINA IMPOSED AMERICA. IT WILL ENCOURAGE FOREIGN MANUFACTURERS TO MOVE THEIR FACTORIES HERE, USING AMERICAN LABOR, SO THAT THEY CAN ENJOY A BETTER CHANCE TO SELL TO AMERICAN RETAILERS OR BUSINESSES AND TO OBTAIN INVESTORS TO BUY THEIR STOCK.

(B) ELIMINATE THE FOREIGN TAX CREDIT

I WOULD ELIMINATE SECTION 27(A) OF THE INTERNAL REVENUE CODE THAT GIVES A TAX CREDIT FOR TAXES PAID TO A FOREIGN COUNTRY.

ELIMINATION OF THE FOREIGN TAX CREDIT WOULD CLOSE A MAJOR LOOPHOLE THAT ALLOWS LARGE CORPORATIONS AND WEALTHY INDIVIDUALS TO AVOID U.S. INCOME TAXES BY MOVING THEIR BUSINESS AND INVESTMENTS OUT OF THE COUNTRY. IT IS UNFAIR TO OTHER AMERICANS THAT THESE WEALTHY CORPORATIONS AND INDIVIDUALS RECEIVE THIS TAX CREDUT. THEY RECEIVE ALL THE PROTECTION AND BENEFITS OF U.S. CITIZENSHIP BUT DO NOT PAY THEIR FAIR SHARE TO SUPPORT THE COUNTRY THAT SUPPORTS AND PROTECTS THEM. THIS SOLUTION WOULD ELIMINATE A MAJOR TRICK USED BY SUCH CORPORATIONS AS GENERAL ELECTRIC TO AVOID TAXES ON BILLIONS OF PROFIT.

THIS TAX DEDUCTION SOLUTION CAN BE ADOPTED IMMEDIATELY. IT WILL REQUIRE NO ADDITIONAL FEDERAL BUREAUCRACY OR GOVERNMENT EXPENSE, BECAUSE THE IRS WOULD ENFORCE WITH A STAFF ALREADY IN PLACE.

THE ROEMER TAX DEDUCTION SOLUTION, WHICH CONSISTS OF ADDING ONLY ONE SENTENCE TO THE INTERNAL REVENUE CODE AND DELETING ONE PARAGRAPH, WILL HAVE AN ENORMOUS EFFECT. IT WILL RESTORE AMERICA'S INDUSTRIAL SECTOR. IT WILL GENERATE MILLIONS OF JOBS. IT IS ELEGANTLY SIMPLE YET PROFOUNDLY EFFECTIVE.

THE NEXT AND FINAL PART OF MY SOLUTION OPERATES AS FOLLOWS:

II. THE ROEMER FAIR TRADE ADJUSTMENT SOLUTION

A NEW WAY TO LEVEL THE PLAYING FIELD AND PROTECT AMERICAN INDUSTRY FROM UNFAIR FOREIGN COMPETITION IS TO REQUIRE IMPORTERS TO PAY OUR GOVERNMENT AN ADJUSTMENT EQUAL TO THE UNFAIR ADVANTAGE THEY GAIN BY USING CHEAP FOREIGN LABOR AND AVOIDING AMERICA'S HEALTH , SAFETY, AND ENVIRONMENTAL STANDARDS.

I SHALL ASK CONGRESS TO ADOPT A STATUTE THAT NO PRODUCT MAY BE IMPORTED INTO THE UNITED STATES UNLESS IT IS ACCOMPANIED BY A FAIR TRADE ADJUSTMENT FORM, COMPLETED AND CERTIFIED BY A FOREIGN ANALYST WHO HAS BEEN TRAINED AND AUTHORIZED BY THE U.S. GOVERNMENT. THE ANALYST MUST PAN AN ANNUAL LICENSING FEE TO THE U.S., WHICH WILL COVER THE COST TO TRAIN HIM AND TO REVIEW HIS WORK. THE ANALYST WILL CHARGE A FEE TO THE IMPORTER TO COMPLETE AND CERTIFY THE FORM. WHEN THE GOODS ARRIVE IN THE U.S., THE IMPORTER MUST PAY TO OUR CUSTOMS AGENT THE TOTAL CERTIFIED ADJUSTMENT IN ORDER TO OBTAIN A RELEASE OF THE GOODS.

THE FAIR TRADE ADJUSTMENT FORM WILL CONTAIN BLANK FIELDS WHERE THE ANALYST WILL ENTER THE CALCULATIONS TO VALUE THE DIFFERENCE BETWEEN LABOR COSTS HERE AND LABOR COSTS IN THE FOREIGN COUNTRY OF ORIGIN. THE ANALYST WILL NEXT ENTER THE DIFFERENCE BETWEEN TAXES AND REGULATION COSTS HERE(OSHA AND EPA FOR EXAMPLE) AND SUCH COSTS IN THE FOREIGN COUNTRY. THERE WILL ALSO BE AN ADJUSTMENT FOR UNEQUAL TARIFFS OR OTHER COSTS OF IMPORT AND FOR ANY EXPORT SUBSIDIES GIVEN BY THE FOREIGN COUNTRY.

THIS ADJUSTMENT IS SIMPLY AN ECONOMIC CALCULATION. NO POLITICS INVOLVED. IT WILL COST THE U.S. GOVERNMENT NOTHING TO IMPLEMENT IT,AS ALL ADMINISTRATIVE COSTS ARE PAID BY THE IMPORTERS.

FOR COUNTRIES THAT HAVE A WAGE STRUCTURE AND BUSINESS REGULATIONS SIMILAR TO OURS, SUCH AS CANADA AND ENGLAND, THERE WILL LIKELY BE NO ADJUSTMENT. BUT FOR CHINA, THE ADJUSTMENT WILL BE SUBSTANTIAL. IT WILL RAISE THE COST OF CHINESE IMPORTS TO MATCH THE COST OF PRODUCING THE GOODS HERE. THIS WILL GIVE OUR MANUFACTURERS A CHANCE TO COMPETE.

THIS FAIR TRADE ADJUSTMENT WILL LEVEL THE PLAYING FIELD, BUT IT WILL ONLY REDUCE, NOT END THE BILLIONS OF DOLLARS OF IMPORTS FROM COUNTRIES WITH A LOWER STANDARD OF LIVING, SUCH AS CHINA. IT WILL ALLOW OUR FACTORIES TO COMPETE FAIRLY AND WILL RESTORE PROPERTY TO AMERICA WHILE ELIMINATING OUR TRADE DEFICIT AND SAVING THE VALUE OF THE DOLLAR.

THE ROEMER SOLUTION WILL SOLVE THE PROBLEM AND WILL ELIMINATE ALL OF THE SYMPTOMS THAT I DESCRIBED AT THE BEGINNING OF MY SPEECH TO YOU TODAY.

DEREGULATION OF SMALL BUSINESS IS ANOTHER STEP TO CREATING JOBS, WITH ELIMINATION OF ALL NEW REGULATIONS IMPLEMENTED SINCE JANUARY OF 2008. THERE ARE SOME 80,000 PAGES OF COMMENTS IN THE FEDERAL REGISTRY IN 2010 ALONE. REGULATIONS ARE THE NEW TAXES. SMALL BUSINESSES CREATE 2 OUT OF EVERY 3 JOBS IN AMERICA FOR THE PAST 50 YEARS AND WE ARE REGULATING THEM TO DEATH. THEY HAVE NO IN-HOUSE LAWYER OR COMPLIANCE OFFICER AND NO LOBBYIST. THEY SPENT MORE ON REGULATORY COMPLIANCE LAST YEAR ($1.7 TRILLION) THAN ON TAXES ($1.6 TRILLION).

I WILL DEREGULATE THEM AND LET THEM GO TO WORK AGAIN. JOBS WILL EXPLODE.

FINALLY, I WILL DECLARE THAT AMERICA WILL BE ENERGY INDEPENDENT BY THE END OF THIS DECADE. WE WILL DRILL WHERE THERE IS OIL AND GAS, AND WE WILL DO IT SAFELY WITH MODERN TECHNOLOGY AND REAL SUPERVISION. WE WILL PUT 1 TO 3 MILLION AMERICANS BACK TO WORK AT JOBS PAYING AT LEAT LEAST THREE TIMES A WALMART JOB. ONCE WE START DRILLING, WE WILL TARIFF FOREIGN OIL, EXCEPT CANADA AND MEXICO. WE WILL ELIMINATE OUR TRADE IMBALANCE, STRENGTHEN THE DOLLAR, BRINGING DOWN THE PRICE OF A GALLON OF GASOLINE. WE WILL PROVIDE AMPLE AND AFFORDABLE ENERGY FOR NEW MANUFACTURING PLANTS IN AMERICA. WE WILL STOP SENDING CASH TO MIDDLE EAST TERRORISTS. WE WILL ELIMINATE THE DEPARTMENT OF ENERGY, AND ALL ENERGY SUBSIDIES (OIL, ETHANOL, GAS, AND UNPROVEN ENERGY TECHNOLOGIES), SAVING THE TAXPAYERS SOME $140 BILLION A YEAR.

PUT THEM TOGETHER (FAIR TRADE WITH TEETH AND WITHOUT TARIFFS, SMALL BUSINESS DEREGULATION, AND ENERGY INDEPENDENCE), AND WATCH WHAT HAPPENS. THIS NATION WILL START WORKING AGAIN. MADE IN AMERICA IS A GOOD PLACE TO START.

BEING FREE TO LEAD, CUTTING THE STRANGLEHOLD THAT THE SPECIAL INTERESTS HAVE ON WASHINGTON DC IS THE KEY IN THIS ELECTION. I WILL NOT ACCEPT POLITICAL ACTION COMMITTEE MONEY, AND WILL TAKE NO DONATIONS MORE THAN $100 A PERSON.

I NEED ONE OUT OF EVERY HUNDRED AMERICANS TO GIVE $100. THAT $300 MILLION IS ENOUGH TO WIN THE PRIMARY AND IS MORE THAN MCCAIN AND ROMNEY SPENT COMBINED LAST TIME.

THIS CAN BE DONE. THIS SHOULD BE DONE. BUT I CAN NOT DO IT. YOU HAVE TO MAKE IT HAPPEN. I NEED YOU. THE IN THE DRIVER'S SEAT SPECIAL INTEREST 1% ARE LAUGHING AT ME AND US. JUST LIKE WHEN WE RAN FOR CONGRESS. JUST LIKE WHEN WE RAN FOR GOVERNOR.

MONEY WILL ALWAYS BE TIGHT IN A GRASS ROOTS CAMPAIGN LIKE THIS. UNTIL WE CATCH FIRE, 97% OF AMERICA WILL NOT KNOW WHO WE ARE. YOU CAN CHANGE THAT BY TALKING WITH FRIENDS AND NEIGHBORS AND SOCIAL GROUPS AND CHURCHES. I'M HEADED TO NEW HAMPSHIRE FOR AN EXTENDED STAY AND A FORMAL ANNOUNCE OF RUNNING, AS THE ONLY PERSON RUNNING WHO HAS BEEN BOTH GOVERNOR AND CONGRESSMAN. AS THE ONLY PERSON RUNNING WHO HAS FOUGHT INSTITUTIONAL CORRUPTION ALL HIS POLITICAL LIFE. AS THE ONLY PERSON RUNNING WHO WILL NOT BE OWNED OR CONTROLLED BY THE BIG CHECK SPECIAL INTERESTS.

BEFORE EVEN ANNOUNCING FOR PRESIDENT I HAVE CONTRIBUTIONS FROM 48 STATES, AVERAGING $90 EACH.

AMERICA IS IN TROUBLE, AND THE PRAIRIE IS DRY AND ANXIOUS AND THERE APPEARS TO BE NO WINNER YET. LET'S LIGHT THE PRAIRIE ON FIRE. USE THE INTERNET AND GET ON MY WEBSIE WWW.BUDDYROEMER.COM AND ASK A FRIEND A DAY TO DO THE SAME.

THIS RACE IS WIDE OPEN. NO ONE CAN PREDICT A WINNER, BECAUSE IT IS UP TO YOU AND NOT THE TELEVISION COMMENTATORS. YOU CAN MAKE THIS HAPPEN.

I NEED YOUR HELP. SPREAD THE WORD. ROEMER IS DIFFERENT. HE HAS A PLAN. HE IS FREE TO LEAD.

WE CAN DO BETTER AS A NATION. AMERICAN CAN BE GREAT AGAIN.

GIVE ME YOUR HONOR AND REPUTATION AND SPREAD THE WORD. IT IS THE BEST INVESTMENT YOU WILL EVER MAKE. YOU WILL SAVE OUR NATION.

MAY GOD BLESS US ALL.