#1 Will GOP Give Obama A Free Hand With Trans-Pacific “Free Trade” Deal? by algernonpj 20.02.2015 11:59

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Of course they will, hoping we are all too distracted by ISIL to notice..


Will GOP Give Obama A Free Hand With Trans-Pacific “Free Trade” Deal?
By Patrick J. Buchanan on February 19, 2015, 7:47 pm

“Free trade results in giving our money, our manufactures, and our markets to other nations,” warned the Republican Senator from Ohio and future President William McKinley in 1892.

“Thank God I am not a free-trader,” echoed the rising Empire State Republican and future President Theodore Roosevelt.


Those were the voices of a Republican Party that believed in prospering America first.

For a quarter century, however, the party of the Bushes has been a globalist, New World Order party, and fanatically free trade.

It signed on to NAFTA, GATT, the World Trade Organization, most-favored-nation status for China, CAFTA, and KORUS, the U.S.-Korean trade treaty negotiated by Barack Obama.

So supportive have Republicans been of anything sold as free trade they have agreed to “fast track,” the voluntary surrender by Congress of its constitutional power “to regulate commerce with foreign nations.”

With fast track, Congress gives up its right to amend trade treaties, and agrees to restrict itself to a yea or nay vote.

And who is leading the fight to have Congress again surrender its power over trade? The GOP vice presidential nominee, and current chairman of ways and means, Paul Ryan.

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“If we don’t like the way the global economy works,” says Paul Ryan, “then we have to get out there and change it.”

No, we don’t. The great and justified complaint against China and Japan, who have run the largest trade surpluses at our expense, is that they are “currency manipulators.”

Correct. But the way to deal with currency manipulators is to rob them of the benefits of their undervalued currencies by slapping tariffs on goods they send to the United States.

And if the WTO says you can’t do that, give the WTO the answer Theodore Roosevelt would have given them.

Instead of wringing our hands over income inequality and wage stagnation, why don’t we turn these trade deficits into trade surpluses, as did the generations of Lincoln and McKinley, and T. R. and Cal Coolidge?

Lots More, including some disgusting trad balance figures:
http://www.vdare.com/articles/will-the-g...%20NAFTA%20GATT

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