COALITION FOR A SOUND DOLLAR

The Coalition for a Sound Dollar is a broad coalition of agriculture, manufacturing, and services organizations brought together to address the overvaluation of the dollar. Since 2001, the Coalition for a Sound Dollar has been working together to deliver a strong, unified message about the ongoing damage being done by an overvalued dollar.

When the dollar is overvalued, it causes difficult times in terms of competitiveness, jobs, and future economic growth.

The coalition is associated with the National Association of Manufacturers (NAM) lobby. The coalition and NAM have gathered statistics to show how the dollar has appreciated nearly 30% since the beginning of 1997, and 10% in the past year alone. The dollar is at its highest level in 15 years.

As a result, many U.S. products are being literally priced out of the markets abroad and at home. U.S. exports have dropped by more than $50 billion from last year. Agriculture, aircraft, automobiles and parts, paper and forest products, machine tools, medical equipment, steel and other producers are being dramatically affected. Small, independent firms are especially hard hit. As the coalition writes, no amount of cost-cutting can offset a nearly 30% markup.

Production and productivity are down and coinciding with a general economic slowdown. According to the National Association of Manufacturers (NAM) statistics, manufacturing employment has fallen by more than 830,000 jobs since mid-2000 and the U.S. trade deficit is well past the $400 billion mark. Nearly 100,000 export-related jobs have been lost in the agricultural sector alone.

Coalition for a Sound Dollar is a way to join a group with a loud voice that sees the downfall of this country in its greed and neglect of its own industries and currency. The coalition doesn’t cost anything to join. They just expect members to commit to working together to educate about the effects of the overvalued dollar and the negative effect of its impact on the U.S. economy.

Anyone who signs on as a member of the Coalition for a Sound Dollar will soon begin receiving information, talking points, press contacts, lobbying and advocacy priorities, and other information via e-mail.

 

Copyright © 2007