Free-trade flip-floppers.President George W. Bush and Senator John Kerry Both candidates seem at first to be free-trade cheerleaders Notable cheerleaders
Kerry gave former President Bill Clinton his support to create the North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Free Trade Agreement (NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's ) and voted to extend free-trade policies with Africa, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. and the Caribbean. Bush was governor of Texas at the time, where he spent billions of dollars upgrading highways and bridges to prepare for the increased number of trucks crossing the Mexican border. Kerry later skipped votes on free-trade agreements with Chile and Singapore. Bush in 2003 signed those deals into law. Bush and Kerry put away their pom-poms when it comes to agriculture. In 2002, Bush signed into law a farm bill that earmarked billions of dollars in subsidies and price supports for U.S. farmers. John Kerry voted yes on that bill. Of course, 2002 was an election year for Congress, and farm-state politicians needed help from Washington. Both Kerry and Bush will be lukewarm supporters of free trade, experts say. "The Kerry campaign is in a funny position on trade because they are, on one level, talking up protectionism and, on the other hand, they are probably more inclined to building some bridges internationally," says Carol Graham, a fellow at the Brookings Institution Brookings Institution, at Washington, D.C.; chartered 1927 as a consolidation of the Institute for Government Research (est. 1916), the Institute of Economics (est. 1922), and the Robert S. Brookings Graduate School of Economics and Government (est. 1924). in Washington, D.C. The current administration fares no better. "Bush has been less of a free-trade president than Clinton has been, arguably," says Ian Vazquez at the Cato Institute "Cato" redirects here. For Cato, see Cato. The Institute's stated mission is "to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets, and peace" by striving "to achieve in Washington. Bush pushed through free-trade deals yet applied huge tariffs to steel imports, hurting exporters like Brazil. The World Trade Organization later threw out those tariffs, but the damage was done. Bush got points at home for it just the same. "That's clearly hypocritical, but pure politics," says Vazquez. Watch Kerry, though, he says. The Democrats have blamed free-trade policies for the job losses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "I think that Latin America should be wary about Kerry's pledges to review trade agreements," Vazquez says. |
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