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Trade is the Answer to Strengthening the U.S. and Canadian Economies

July 15, 2010

by John Parisella

In the 1992 presidential election, then candidate Bill Clinton had a slogan that his campaign posted on the wall of his electoral headquarters: “it’s the economy, stupid!” Clinton went on to win the election with his “economy first” message beating then President George H. W. Bush who had an over 80 percent approval rating just the year before.

As Americans prepare to go to the polls this November, operatives and pundits from both parties agree that the economy will again be the major issue this fall. Call it anti-incumbency fever or just plain anger; it is all too obvious that Americans are primarily concerned about economic prospects.

About 18 months ago, the U.S. economy teetered on the brink of the worst economic recession since the Great Depression of 1929. By now the narrative is familiar: a federal bailout program of the financial sector (TARP), the collapse of General Motors and Chrysler forcing another bailout effort, and a $787 billion stimulus—the biggest spending program in U.S. history. All this government aid was needed, the experts told us, or we would suffer another Great Depression. Today, economic growth has returned, but with a more modest job picture.

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Tags: Canada, Bill Clinton, FTA, George H.W. Bush, TARP, Great Depression

Uribe Before the Canadian House of Commons Trade Committee

June 12, 2009

by AQ Online

Colombian President Álvaro Uribe answered questions before Canada’s House of Commons trade committee on Thursday, appealing to legislators to approve the pending Canada-Colombia free-trade agreement (FTA). The agreement was signed on November 21, 2008, and on March 26, 2009, the Canadian government introduced legislation to implement it.

The session was at times contentious, with Uribe raising his voice and employing animated gestures to defend his administration’s record in promoting human rights. Not only would passage of the FTA improve his government’s ability to improve and protect human rights, argued Uribe, but “the approval of the free-trade agreement will allow Colombia to overcome poverty, build equity, have a dynamic economy and integrate the country to the largest economies of the world.”

Although both the Left and the Right in Canada agree that human rights can be improved through trade linkages, “an agreement on the trade deal is not imminent.” A similar FTA with the United States stalled in Congress last year, but President Obama has vowed to get it passed.

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Tags: Canada, Colombia, Uribe, FTA


 
 

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