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FreeTrade
In Annual Ritual, U.N. Condemns U.S. Embargo on Cuba
By David Sessions - Politics DailyThe U.N. General Assembly voted to condemn the economic and trade embargoes the United States has levied against Cuba since 1962, The Guardian reported Wednesday afternoon. Last year, 185 member nations voted for a resolution demanding an end to the embargo, with only Israel and Palau casting ballots against it. Denouncing U.S. policy toward Cuba has become an annual ritual in the assembly, but this year is expected to carry additional weight because the Obama administration has taken a few hesitant steps toward thawing U.S.-Cuban relations. During his campaign, President Obama opposed the ...
RNC on Obama on NAFTA
By Dave - Politics DailyRNC Hammering on the Free Trade Issue. Tommy had a good post up earlier pointing out that there are a lot of shades of grey here. Which is correct. Obama was not nearly as against NAFTA as he wanted certain people to believe, and he is not as pro-NAFTA as Fortune makes him out to be. And therein lies the problem. It is simply that Obama words his issues carefully enough that anyone can read their preferred meaning into them, whether it's pro/anti NAFTA, or pro/anti public financing. It's a nice showcase for his skills as a rhetorician, because each of those statements sounded great as a ...
McCain/Obama NAFTA Brawl Heats Up
By Tommy Christopher - Politics DailyIt was reported on these pages yesterday that Barack Obama was backing away from his opposition to NAFTA, based on an interview with Fortune magazine. There was an Obama campaign conference call today to discuss John McCain's positions on trade, but I decided it would be a good time to clear up Senator Obama's, first. Tommy Christopher: On the subject of that Fortune interview, I understand (Obama's) core position (worker and environmental protections) hasn't changed, but I believe at the debates, he said we should use a pull-out as a hammer to advance that, so without that, where are the ...
NAFTA OK Again
By Dave - Politics DailyObama says, hey, I'm OK with NAFTA after all. "Sometimes during campaigns the rhetoric gets overheated and amplified," he conceded, after I reminded him that he had called NAFTA "devastating" and "a big mistake," despite nonpartisan studies concluding that the trade zone has had a mild, positive effect on the U.S. economy. Does that mean his rhetoric was overheated and amplified? "Politicians are always guilty of that, and I don't exempt myself," he answered. What's interesting about this is that Obama may owe an apology to one Mr. Austin Goolsbee: Three weeks later, Canada's CTV News ...
Bush: Congress Wrong to 'Stiff' Colombia
By Mark Impomeni - Politics DailyPresident Bush lashed out at Congress today over the House of Representatives' vote to block action on the Colombia Free Trade Agreement last week. Speaking after a cabinet meeting, the president singled out House Speaker Nancy Pelosi for criticism for the vote and said that there was a lot of disappointment over the House's action.I do want to say something about trade. There's a big disappointment around this table about the actions the speaker took on the Colombia Free Trade Agreement.The free trade agreement is good for American workers, and it's good for American consumers, and this free ...
White House Push Back on Colombia Trade Deal
By Mark Impomeni - Politics DailyThe White House held a blogger conference call today to discuss the House vote to block the Colombia Free Trade Agreement. Special Assistant to the President and Senior Director for Western Hemisphere Affairs Dan Fisk was on the call to provide the Administration's assessment of the House action's impact on U.S foreign policy and future trade agreements. The White House is framing the free trade agreement as a national security issue with real consequences for the United States.Mr. Fisk began by recounting the history of Colombia. Ten years ago, he said, Colombia was a failed state on the ...
House Votes to Block Free Trade Deal
By Mark Impomeni - Politics DailyDemocrats in the House, led by Speaker Nancy Pelosi (D-CA) voted to block consideration of the Colombia Free Trade Agreement, sent up to Congress yesterday by President Bush. Democrats did not reject the deal outright, rather they chose to implement a special rule for consideration of the bill. The rule allows the House to waive a provision of the law granting the Administration the right to negotiate trade deals without Congressional input. Deals negotiated under the so-called Fast Track authority are then sent to Congress for an up or down vote with no amendments allowed within 90 ...
Housing and Trade Next Up for Admin., House
By Mark Impomeni - Politics DailyIt was a busy day on Capitol Hill yesterday. While most were focused on the Senate side of the Capitol for the Iraq hearings with Gen. David Petraeus and Ambassador Ryan Crocker, The Bush Administration and the House of Representatives were setting their sights on the housing and trade markets. President Bush formally transmitted the Colombia Free Trade Agreement to Congress for its consideration, while the House was taking up its version of legislation introduced in the Senate last week to help ease the volatile housing market.On trade, the president held a White House event attended by ...
Bill Clinton, Colombia, and Mark Penn
By David Knowles - Politics DailyMark Penn's recent reassignment within the campaign of Hillary Clinton came after it was learned that Penn's lobbying firm met with the government of Colombia to promote passage of a trade bill which Hillary officially opposes. The appearance of talking out of both sides of your mouth was something that Clinton knew would damage her chances with working class voters in Pennsylvania (and elsewhere), but, oddly, Penn wasn't fired outright for his indiscretion. Why, you may ask, would Clinton keep Penn on the payroll?Well, as Sam Stein writes in The Huffington Post:But within the Clinton ...
Trade Stupidity Contagion Spreads
By Eric Schulzke - Politics DailyHere's a pop quiz that's a good measure for economics IQ: free trade good or bad? Two kinds of people who answer in the negative: ignoramuses and politicians who want their votes. While it is true to localized industries are sometimes harmed by competition, on average and over time trade always benefits both sides. It's so axiomatic that any economics text will agree that the Smoot-Hawley Tariff Act signed in 1930 was a major cause of the worldwide depression that followed. So axiomatic that Bill Clinton went to the mattresses for it on NAFTA 1994 and Al Gore gave Ross Perot a butt-whipping in ...
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