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Written by Stumo
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Thursday, 11 October 2007 |
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If you wondered where McCain stands on trade, he has already cleared
it up. I just found it. "There's no greater free trader in
the Senate than I am," says Mr. Straight Talk Express in a March 5,
2007 interview for the National Republic Online:
PONNURU: Theres been a lot of talk after the election that youve
got all these new populist Democrats who are suspicious of free trade.
Is there any way to make further progress with trade liberalization or
is that over for the foreseeable future?
SEN. MCCAIN: Im very worried over about the rising tide of
protectionism, which was manifested in the last election. Im a free
trader. Since Phil Graham left, theres no greater free trader in the
Senate than I am. Im very concerned about protectionism. And one of
the aspects of this is we got to try to make sure that the impacts of
free trade, which overall are incredibly beneficial, but weve got to
make sure we try to assist those displaced workers that are affected by
the impact of free trade.
By the way, I noticed this morning, a Toyota plant is going to be
opening in Mississippi. That was on this mornings news. You hear about
the 13,000 that were laid off at Chrysler, you dont hear about the
50,000 Americans who now make their living off of eBay.
PONNURU: Insourcing.
SEN. MCCAIN: Exactly.
I study history all the time. Every time the United States has
practiced protectionism weve paid a very heavy price for it. Some even
claim, with some authenticity, that the Smoot-Hawley tariff acts was a
major contributor to the outbreak of World War II, not to mention the
Great Depression.
Isn't it hard for the Smoot-Hawley Tariff to have caused the Great
Depression when the Great Depression started before the law was
enacted? I suppose Hitler would not have invaded Poland if we
hadn't enacted the tariff. And... its ok to hollow out our
economy through outsourcing because we can make a living off
eBay? Maybe its just me, but he doesn't make any sense.
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Does Stenholm hate independent agriculture? |
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Written by Stumo
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Thursday, 11 October 2007 |
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Charlie Stenholm was always hostile to independent farmers making
money. When he was on the House Agriculture Committee, he fought
against producer interests so meat packers could gain control of the
industry. The National Cattlemen's Beef Association hired him as
a lobbyist on Farm Bill issues, to help packers maintain control of
markets.
Now he is retained by folks upset that crop farmers are making some money from ethanol.
Charles Stenholm, a former Democratic congressman from Texas who
was influential in agriculture policy, is now a lobbyist in Washington.
His clients include pork, dairy and oil interests, according to
lobbying records. They all agree, he says, that "you need to let the
market be the biggest determinant for ethanol."
"Letting the market work" is universal code language for letting the
big guys distort markets with their market power. When the little guy
makes money, the big guys get really irritated.
Just as long as you make money, right Charlie?
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Retail floor space vs. Manhattan |
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Written by Stumo
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Thursday, 11 October 2007 |
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Here's an amazing graph showing the cumulative floor space of Wal-Mart and friends, compared to the landmass of Manhattan.
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WaPo hypocricy on sovereignty |
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Written by Stumo
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Thursday, 11 October 2007 |
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The Washington Post editorial board is a favorite punching bag of
mine. They are irrevocably self deluded on free trade. If a
document has one page or 1,000 pages, they like it if the words "Free
Trade Agreement" are positioned at the top of the first page, in
capitals and bold letters.
But the WaPo folks don't want the International Court of Justice to
trump U.S. law. They titled their editorial, a weighty and serious, "The Law of the Land." Fine with me.
But what about NAFTA, CAFTA
and the WTO agreements that can or have stricken many U.S. laws?
Far more U.S. laws than the ICJ has ever thought to challenge. What about that?
Anyone? Anyone?
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Canadian cattlemen suit against U.S. government |
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Written by Stumo
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Thursday, 11 October 2007 |
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Canada's cattle herd has mad cow disease. USDA shut the border
in 2003 when it was discovered. Every country in the world had,
at that time, barred imports of cattle and beef from any country with
mad cow disease. USDA worked hard to open the border, despite the
risk posed to the U.S. cattle herd, and even after more diseased animals were found.
Canadian cattlemen are suing the U.S. government under NAFTA seeking $350 million in restitution for the border closure. Chapter 11 of NAFTA allows this suit to proceed.
Public Citizen explains the process:
If a company believes that a NAFTA government has violated these
new investor rights and protections, it can initiate a binding dispute
resolution process for monetary damages before a trade tribunal,
offering none of the basic due process or openness guarantees afforded
in national courts. These so-called "investor-to-state" cases are
litigated in the special international arbitration bodies of the World
Bank and the United Nations, which are closed to public participation,
observation and input. A three-person panel composed of professional
arbitrators listens to arguments in the case, with powers to award an
unlimited amount of taxpayer dollars to corporations whose NAFTA
investor privileges and rights they judge to have been impacted.
Private foreign businesses could not sue other governments before
NAFTA. A full list of NAFTA Chapter 11 cases by foreign companies
against U.S. governmental bodies is here (PDF file).
The
Peru, Panama and other pending trade agreements have this same stupid
chapter within them. That's what happens when Congressmen can't
amend the deals, but must conform to an "upperdown vote" under Fast
Track.
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