DNC - #89. Supporting Unfair Trade Deals

On Trade, Bush and McCain Support the Corporate Interests and the Unfair Trade Deals They Support, at the Expense of Working Americans.


Bush: "Walling Off America From World Trade Would Be A Disaster For Our Economy." During a speech on Wall Street, President Bush said, "I know there's going to be a vigorous debate on trade, and bashing trade can make for good sound bites on the evening news. But walling off America from world trade would be a disaster for our economy. Congress needs to reject protectionism and to keep this economy open to the tremendous opportunities that the world has to offer. [Economic Speech in New York City, 1/31/07; Public Papers of the Presidents]


McCain Advocated Free Trade, Criticized "Hid[ing] Behind Walls." John McCain said, "Opening new markets for American goods and services is indispensable to our future prosperity. We can compete with anyone. Senators Obama and Clinton think we should hide behind walls, bury our heads and industries in the sand, and hope we have enough left to live on while the world passes us by. But that is not good policy and it is not good leadership. And the short-sightedness of these policies can be seen today in Congress' refusal to vote on the Colombian Free Trade Agreement. When new trading partners can sell in our market, and American companies can sell in theirs, the gains are great and they are lasting. The strength of the American economy offers a better life to every society we trade with, and the good comes back to us in many ways -- in better jobs, higher wages, and lower prices." [McCain Remarks on the Economy at Carnegie Melon University, 4/15/08]


McCain Predicted 316,000 New Jobs in 1993. Similarly, the NAFTA could result in the creation of 316,000 new jobs in this country, as well as tens of thousands of jobs in my home State of Arizona, in addition to adding considerably to overall economic output in Arizona, the United States and Mexico. President Clinton says that we must have safeguards to protect our workers and the environment. I agree that it is important that we negotiate these side agreements, but they should not forestall moving forward on the underlying agreement. [Congressional Record, 2/18/1993]

NAFTA Net Displacement Was One Million Workers. A 2006 Economic Policy Institute study found that NAFTA had displaced just over 1 million jobs in this country, and net job loss of 16,000 in Arizona. [Scott, Salas & Campbell, Revisiting NAFTA, 9/28/2006; http://www.epi.org/content.cfm/bp173 ]