Thursday, June 30, 2005

CAFTA In Senate Today

Things are looking hopeful for passage of the Central American Free Trade Agreement in the Senate today, but the House is not scheduled to take it up until July, and it is expected to face a tougher fight there. Few things get my unhesitating support regardless of circumstance, but free trade is one of them. The critics who claim that measures such as NAFTA cost the U.S. jobs are just flat wrong; these measures, instead, enable capital to be employed where it is most efficient, and less prosperous countries have a significant advantage over advanced industrial nations when it comes to low-skill labor. Keeping jobs of this sort in the U.S. artificially only hurts the competitiveness of the U.S. economy and takes money out of the pockets of consumers...

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