The Associated Press

 President Bush, surrounded by cabinet members, signs a letter sending the Colombia Free Trade Agreement to Congress.

Featured Topic | Posted 33 weeks 3 days ago

Is free trade with Colombia in America's interest?

The United States has few friends in Latin America. But Colombia is one of those friends. The U.S. relationship with Colombia reached a perilous crossroads this week when the House of Representatives deferred a vote on a bilateral free trade agreement with the country, just two days after the White House submitted the pact for ratification. House Speaker Nancy Pelosi said, "This isn't about ending anything. It's about having a timetable that respects the aspirations of the American people."

Free trade critics point to weak environmental and labor union protections, along with the risk of outsourcing American jobs, as reasons to oppose free trade pacts. Democratic opponents of the deal also cite Colombia's sketchy human rights record as reason to reject the proposal. But supporters say that free trade ultimately benefits both countries by creating jobs and opening new markets of U.S. goods.

Should Congress pass the trade agreement? Do such agreements strengthen American relations with other countries?  Do such deals only enrich a few at the expense of many? Or do free markets and free trade foster freedom generally?

Read More

Ben likes: Nancy Pelosi's bad faith

Wall Street Journal

The Democratic Party's protectionist make-over was completed yesterday, when Nancy Pelosi decided to kill the Colombia free trade agreement. Her objections had nothing to do with the evidence and everything to do with politics, but this was an act of particular bad faith. It will damage the economic and security interests of the U.S. while trashing our best ally in Latin America. Even if the free trade agreement is somehow removed from cold storage, Ms. Pelosi's cheating is a first-order strategic blunder. Colombia is one of America's closest friends in a hostile region menaced by Hugo Chávez's Venezuela. For all the talk of repairing the U.S. "image" in the world, the Democrats don't really mind harming that image if it pleases the AFL-CIO.

Read More

Joel likes: Our missing free trade strategy

Harold Meyerson/Washington Post

What's been missing in America's trade policy is a preference for Americans. The object of trade in China is to help the Chinese nation. German trade is designed to help Germany; Scandinavian, to help the Scandinavian nations. This is not the case here. General Electric goes abroad to lower costs and boost profits. Goldman Sachs invests abroad in the same kind of low-wage, high-profit enterprises. That's the mission of such businesses. But the U.S. government has never taken on the mission of defending the American economy, or the American people, in the global economy. That is not the only reason the broadly shared prosperity of the three decades following World War II is now a distant memory, but it is a certainly a major reason. In the absence of such a national economic strategy, is it any wonder that by margins of better than two to one, Americans now oppose free trade?

Read More

Where do you stand on this issue?

Click on the graph to cast your vote.
average
vote
your vote

Join the Debate

Start your own blog, comment on topics, and let your voice be heard. Start your free account now!

User login

login

Ads by Google