Colombia FTA - new tack - its about foreign policy PDF Print E-mail
Written by Stumo   
Monday, 31 March 2008

Unable to justify Free Trade Agreements on economic grounds, the wacko free traders use foreign policy to justify them. 

The Colombia FTA is supposed to be about foreign policy, says the Washington Post in an editorial with lots of claims, no proof, and no logic. 

A vote for the Colombia deal would show Latin America that a staunch U.S. ally will be rewarded for improving its human rights record and resisting the anti-American populism of Venezuela's Hugo Chavez.

Yup.  Sign the silly FTA and George Bush's Chavez problem goes away.  Great logic.  Multiple regression studies have shown the cause and effect, and the world will be a better place.

Which specific provision in the Colombia FTA will help us isolate Chavez?  Which one?

Never mind that these FTA's are outsourcing enabler.

Remember Peru's president Alan Garcia?  What did he say a few days after the Peru FTA passed:

"Oil, mining, agriculture, fishing and manufacturing firms should now flock to his nation of 29 million people, which has a per-capita income of less than $3,000 a year, Garcia said. ``Come and open your factories in my country so we can sell your own products back to the U.S.,'' Garcia told the U.S. Chamber of Commerce".

Well.  That was not about foreign policy.  And we did not solve Bush's problem with Chavez.  I guess we had better do more FTA's because the others obviously did not work.

Maybe the free traders are conceding the NAFTA-style agreements don't help the economy.  Have the overwhelming data on trade deficits, outsourcing and job loss made that claim go away.

Is there any record of trade agreements helping on foreign policy?  No.  I challenge the Washington Post and the other free traders to show a consistent cause and effect relationship. 

Let's try using foreign policy to achieve foreign policy ends.  Not trade agreements  We don't need to give away our economic future to make nice with the president of a small-geopolitical player.  We are already trading with Colombia, and have low tariffs for their goods.  

What, do you suppose, would our Founding Fathers do?  Build America or trade our kids' futures away for a nice, friendly foreign alliance.

Trackbacks (0) TrackBack URI for this entry
Comments (0)add feed
Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley
Smiley

busy
 
< Prev   Next >

Related Articles

In the news

Today, the Labor Department revised up its estimate of second quarter productivity growth to 4.3 percent from its previous estimate of 2.2 percent. My forecast was 3.9 percent and the consensus forecast was 3.5 percent.

This is certainly good news for inflation and interest rate policy. Rapidly rising productivity growth coupled with easing oil prices will bring down headline inflation, as well as the closely watched core index of price increases, which excludes food and energy.

Simply, higher productivity permits businesses to better absorb increases in wages and benefit costs, and have something left over to help cover higher material costs. The Labor Department found that hourly unit labor costs actually fell 0.5 percent. Higher productivity should ease Federal Reserve fears about inflation and cause it to keep interest rates steady.

Rapidly rising productivity indicates U.S. industry continues to lead in the application of new and better methods for making and delivering goods and services, and continues to bang out great new products. The U.S. economy could perform very well with more supportive policies from Washington--getting the dollar exchange rate against the euro and Chinese yuan in line with prices; enlightened energy conservation, exploration and development strategies; and fixing the woes of banks and credit markets.

Friday, the Labor Department will report employment data for August. In July, the economy lost 51,000 jobs, and the consensus forecast is for another 75,000 jobs lost in August.  My forecast is for a 65,000 loss.
 

Read more...