Speaking of CAFTA…..

By July 19, 2005Dobbs Watch

Dobbs WatchAnd, speaking of CAFTA, since we’re expecting a CAFTA vote soon, we just want to remind everyone of all the points we raised during the Senate debate. CAFTA passed handily in the Senate, but faces a tougher road in the House. Rep. Jim Moran (D-VA) an unabashed CAFTA supporter, was quoted the other day as saying that House Minority Leader Nancy Pelosi is really trying to enforce party discipline among Democrats in order to put moderate Republicans and freshman Republicans in a bad spot. Glad folks are rising above partisan rancor.

In any event, here’s a link to our primer/refresher on all the reasons why CAFTA makes sense. The Washington Post mentioned in a story last Saturday that “critics are comparing CAFTA to [NAFTA],” adding that half of all US textile jobs were lost since NAFTA passed. (To Mexico?!? What the hell happened to good ol’ China bashing?!?)This is what’s called a stretch as even the AFL-CIO says that the rise in the value of the dollar had more to do with our trade imbalance and loss of jobs than any trade agreement. No serious economist believes otherwise. Only demagogues like Lou Dobbs still shop this canard around.

Here are some facts on NAFTA from us and some from the Office of the US Trade Representative, while we’re at it, further debunking the myth.

Anybody remember facts…?