Thursday, December 2, 2010

Obama's Trade Contortions

Obama's Trade Contortions: "The Obama administration has been letting the free trade agreement (FTA) with Colombia, signed in 2008, languish in a drawer, and its explanations for doing so grow more convoluted every day, says Mary Anastasia O'Grady, an editor at the Wall Street Journal.

There's a reason for that. Under Obamanomics, exports are supposed to play the leading role in putting Americans back to work, making the Colombia deal good. But Big Labor is against free trade agreements and Mr. Obama needs Big Labor -- that makes the Colombia deal bad.

To make sense of the Obama administration's opposition to a Colombia FTA -- when the United States is already open to Colombian exports under the Andean Trade Preference Act (ATPA) -- takes real mindbending."

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