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  • Obama Administration (Sort of) Goes to Bat for Free Trade Agreements

    The Obama Administration recently made its strongest statement yet in support of free trade agreements. Secretary of State Hillary Clinton commented on the challenges of implementing trade agreements:

    It does mean you have to take on entrenched interests and respond to concerns about new competition, while making the case over and over again as to why the people in your country will benefit from expanded trade. I know this is difficult. Although I am out of politics now, I understand how hard it is to tell a longtime supporter something he doesn’t want to hear. But sometimes it is the right and important thing to do.

    Secretary Clinton told political leaders that expanding trade “is one of the best ways to promote growth, to put more paychecks into more pockets.”

    Unfortunately for Americans, Secretary Clinton was not talking to U.S. leaders about pending trade agreements with Colombia, Panama, and South Korea but to African leaders about a proposed Grand Free Trade Area that would cover even more people than the North American Free Trade Agreement.

    Secretary Clinton is right: Free trade is one of the best ways to promote growth and put more paychecks in more pockets both in Africa and in the United States. That’s why the Obama Administration should push for fast approval of all three pending trade agreements.

    Posted in Economics [slideshow_deploy]

    2 Responses to Obama Administration (Sort of) Goes to Bat for Free Trade Agreements

    1. Pingback: Obama’s Puerto Rican Trip Won’t Reduce Hispanic Unemployment | The Foundry

    2. Lauren says:

      I, an American, am trying to not purchase anything. I do not believe FREE TRADE is an answer for America. It is not too hard to not purchase goods or services when you've lost your $80,000/year job and are now working as an EMT ($20,000/year) . Not only do I not purchase many services or goods but I also do not pay much income tax either.

    3. Lauren says:

      Free trade is not the answer for America.

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