Hillary Clinton on Free Trade
Secretary of State; previously Democratic Senator (NY)
A: I would agree with Obama a lot, because it is the Democratic agenda. We are going to rid the tax code of these loopholes & giveaways. We’re going to stop giving penny of your money to anybody who ships a job out to another country. We’re going to begin to get the tax code to reflect what the needs of middle class families are so we can rebuild a strong & prosperous middle class. The wealthy & the well-connected have had a president the last 7 years, and it’s time that the rest of the US had a president to work for you every single day. We will have a different approach toward trade. We’re going to start having trade agreements that not only have strong environmental and labor standards, but also a trade time-out. We’re going to look and see what’s working & what’s not working. I’d like to have a trade prosecutor to actually enforce the trade agreements that we have before we enter into any others.
The ad’s claim that Clinton “championed NAFTA” is misleading. It is true that Clinton once praised the North American Free Trade Agreement that her husband championed. As recently as 1998, she praised business leaders for mounting “a very effective business effort in the U.S. on behalf of NAFTA.“
But her position on trade shifted before her presidential run: In 2005, for example, she voted against the Central America Free Trade Agreement (CAFTA), and she told Time in 2007 that ”I believe in the general principles [NAFTA] represented, but what we have learned is that we have to drive a tougher bargain.“
Obama is partly right concerning the North American Free Trade Agreement. Clinton’s views on NAFTA have shifted, but they shifted prior to her official run for the White House. Back in 1998, in a keynote speech given at the Davos Economic Summit, Clinton praised business leaders for mounting “a very effective business effort in the US on behalf of NAFTA,“ adding later that ”it is certainly clear that we have not by any means finished the job that has begun.“ But by 2005 she was expressing reservations about free trade agreements, voting that year against the Central America Free Trade Agreement (CAFTA). And she told Bloomberg News in March 2007 that, while she still believes in free trade, she supports a freeze on new trade agreements--something she calls ”a little time-out.“
A: We do export a lot of agricultural goods, many of that through trade agreements. And I think we’ve got to do three things.
A: Well, I had said that for many years, that NAFTA and the way it’s been implemented has hurt a lot of American workers. In fact, I did a study in New York looking at the impact of NAFTA on business people, workers and farmers who couldn’t get their products into Canada despite NAFTA. So, clearly we have to have a broad reform in how we approach trade. NAFTA’s a piece of it, but it’s not the only piece of it. I believe in smart trade. Pro-American trade. Trade that has labor and environmental standards, that’s not a race to the bottom but tries to lift up not only American workers but also workers around the world. It’s important that we enforce the agreements we have. That’s why I’ve called for a trade prosecutor, to make sure that we do enforce them. The Bush administration haven’t been enforcing the trade agreements at all.
GRAVEL: Outsourcing is not the problem. What is the problem is our trade agreements that benefit the management & the shareholders.
CLINTON: Well, outsourcing is a problem, and it’s one that I’ve dealt with as a senator from New York. I started an organization called New Jobs for New York to try to stand against the tide of outsourcing, particularly from upstate New York and from rural areas. We have to do several things: end the tax breaks that still exist in the tax code for outsourcing jobs, have trade agreements with enforceable labor and environmental standards, help Americans compete, which is something we haven’t taken seriously. 65% of kids do not go on to college. What are we doing to help them get prepared for the jobs that we could keep here that wouldn’t be outsourced--and find a new source of jobs, clean energy, global warming, would create millions of new jobs for Americans.
Write New Rules for the Global Economy
The rise of global markets has undermined the ability of national governments to control their own economies. The answer is neither global laissez faire nor protectionism but a Third Way: New international rules and institutions to ensure that globalization goes hand in hand with higher living standards, basic worker rights, and environmental protection. U.S. leadership is crucial in building a rules-based global trading system as well as international structures that enhance worker rights and the environment without killing trade. For example, instead of restricting trade, we should negotiate specific multilateral accords to deal with specific environmental threats.
The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.
The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.
Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example. The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.
Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
A joint resolution approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003. The original act sanctioned the ruling military junta, and recognized the National League of Democracy as the legitimate representative of the Burmese people.
Legislative Outcome: Related bills: H.J.RES.44, H.J.RES.93, S.J.RES.41; became Public Law 110-52.
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