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Written by Stumo
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Sunday, 20 January 2008 |
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Romney said this at the Detroit Economic Club on January 14, 2008:
"However, as we pursue new trade agreements, I'm far less
interested in just getting an agreement signed than I am in getting an
agreement signed that is good for America. I promise you that any
nation that unfairly manipulates its currency, steals our patents and
designs, dumps unsafe products in our markets, or stifles the American
goods in their market place, will face a very aggressive President
across the negotiating table.
"Now let me be clear, I strongly support free trade, but free trade has
to be fair in both directions. And when the playing field is level,
America can compete with any country in the world. And we will
win.
NIce words. It helped him beat John "your-jobs-are-gone-and-they're-not-coming-back" McCain in Michigan.
But flip-flop Romney wanted quick approval of the Free Trade Agreements with Peru, Columbia, and Panama
as of March 2007, according to his website. Those are hardly
level playing field deals. What change does he want? None,
I think.
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In the news
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Globalization causes inequality, insecurity, wage loss, new book says
A new book by economist Josh Bivens of the Economic Policy Institute provides a compelling reason for the Obama administration and Congress to think big about how to reduce economic inequality and insecurity in the years to come: Most working Americans have suffered steady and significant income losses that stem from global integration.
Everybody wins, except for most of us: what economics teaches about globalization, released today by EPI, finds that trade flows likely cost a full-time U.S. worker earning the median wage $1,400 in 2006. This loss rivals or exceeds what median wage-earners experienced during the recession of the early 2000s. For workers on its losing end, globalization has felt like a chronic (if largely unseen) recession – one that requires a policy response as ambitious as that offered against today's very visible economic downturn.
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