Tuesday, January 09, 2007

Democrats & Trade

Recently Senator Max Baucus wrote an op-ed piece in the WSJ ($$) about the policy agenda of Democrats with respect to international trade:
"At a time when our country's competitive strength depends increasingly on an aggressive trade policy, Americans are far less willing to embrace one. Many equate trade and globalization with ballooning deficits, stagnating wages and layoffs. Meanwhile, even as China and India have continued their economic reawakening, America has lacked the leadership to tackle the associated challenges through trade. U.S. policy has lurched frantically from one trade agreement to the next, eking out just enough votes to push each one through Congress."
I'm not sure I like the sounds of this. I'm thinking that "an aggressive trade policy" isn't going to be very consistent with a policy of free trade.

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