“I would stop the import of all toys from China.” — Sen. Barack Obama |
What About Foreign Trade?
Even in relation to international trade and manufacturing relationships across toy and other industry lines — which so largely dictate today’s global economy — Obama and McCain are on different sides of the fence.Obama’s speeches and website indicate that he supports government intervention. He envisions modifying and renegotiating the NAFTA agreements with Canada and Mexico, and working with the World Trade Organization (WTO) to enforce trade agreements. He is against the Central American Free Trade Agreement (CAFTA). According to Jason Furman, economic policy director of the Obama campaign, as explained in “The Washington Times,” “Mr. Obama would … better enforce existing agreements. He would include strong labor and environmental standards to produce better trade agreements in the future. And he would pursue comprehensive, complementary domestic policies, from expanded trade-adjustment assistance to more affordable health care, to reduce trade's contribution to rising inequality.” McCain’s speeches and voting record indicate that he strongly supports free trade agreements, including NAFTA and CAFTA. According to Douglas Holtz-Eakin, the chief economic policy adviser to the McCain campaign, as explained in “The Washington Times,” "'Ninety-five percent of the world's consumers live outside the United States.’ It is imperative for long-term economic growth and job creation that American businesses and workers have access to these markets on a level playing field. … 'McCain believes in trade and actively supports it.’" |
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