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NAFTA. Emma Burke. What is NAFTA?. North American Free Trade Agreement Established Free Trade Zones between US, Canada, and Mexico ‘Fair Trade’ means placing restrictions on imports ‘Fast-Track’ means authorizing the President to sign trade deals with a single Congressional vote
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NAFTA Emma Burke
What is NAFTA? • North American Free Trade Agreement • Established Free Trade Zones between US, Canada, and Mexico • ‘Fair Trade’ means placing restrictions on imports • ‘Fast-Track’ means authorizing the President to sign trade deals with a single Congressional vote • ‘Trade Deficits’ mean that the US imports more than we export to a particular country • ‘TAA’ Trade Adjustment Agreement gives support to those who are unemployed due to the impact of international trade
Current State of NAFTA • Debate on effectiveness by economists • GDP and trade have increased • Environmental standards on energy exports was a 2008 election issue: • 2009, President Obama confirmed he has no plans to reopen or renegotiate NAFTA • No current amendments • Obama Administration wants to increase exports
Opposing Viewpoints For NAFTA • Lowers price of goods • Prevent immigration • Improve standard of living in all three nations • Comparative advantage (competition) • Higher quality • TAA • Globalization is a part of today’s market Against NAFTA • Causes American jobs loss • Lowers average income • Hurts American manufacturing • Does not protect the entrepreneur • Not effective enough
Obama/Democratic Position Double exports by 2014 Wants to protect American business Concerned about the American worker Voted NO to CAFTA in 2005 (Central America) Opposed to NAFTA Thinks they're slighted to other nations
Republican Party Position • For NAFTA • Pro-globalization • Need to trade to increase jobs in America • Against TAA http://www.google.com/imgres?imgurl=http://i-cdn.apartmenttherapy.com/uimages/chicago/8-10-09trade.jpg&imgrefurl=http://www.apartmenttherapy.com/chicago/tips/free-trade-swap-your-stuff-and-save-092586&usg=__cixcAkvKoX1XW2FincBYnHwsSEE=&h=225&w=300&sz=15&hl=en&start=0&sig2=6TNGH3PHfZQQj3Dhkecc4w&zoom=1&tbnid=gpaby8IJfWynOM:&tbnh=135&tbnw=180&ei=iqJ3TtGCGsji0QG26pi0DQ&itbs=1&iact=rc&dur=251&page=1&ndsp=24&ved=1t:429,r:12,s:0&tx=118&ty=53
Michele Bachman • Voted YES to free trade with Peru in 2008 • Voted NO on assisting workers who lost jobs to globalization • Wants to re-educate people http://www.google.com/imgres?imgurl=http://wwwimage.cbsnews.com/images/2009/03/26/image4895111x.jpg&imgrefurl=http://www.cbsnews.com/8301-503544_162-6126494-503544.html&usg=__QxHOlfe43CKoSoSmqhvjSQXJRcU=&h=278&w=370&sz=30&hl=en&start=0&sig2=VZiAdrZcGKdDpZ1v-Fmq-w&zoom=1&tbnid=AKpOLv_4uvYKiM:&tbnh=127&tbnw=160&ei=oaF3Tvu7OuLv0gGR083MDQ&itbs=1&iact=rc&dur=447&page=1&ndsp=29&ved=1t:429,r:2,s:0&tx=93&ty=77
Mitt Romney • For Free Trade • Wants to do a better job protecting the American worker • Build strength in the economy through education http://www.google.com/imgres?q=mitt+romney+economy&um=1&hl=en&biw=1 282&bih=770&tbm=isch&tbnid=3G92sv__C8df5M:&imgrefurl=http://www.dese retnews.com/article/700168677/Mitt-Romney-forms-iconic-judicial-panel.html &docid=QaI5ALySMBX1JM&w=306&h=460&ei=iqB3TomPHMfX0QHH7J3xDQ& zoom=1&iact=rc&dur=391&page=1&tbnh=140&tbnw=91&start=0&ndsp=24 &ved=1t:429,r:11,s:0&tx=34&ty=101
Rick Perry • For Free Trade • Wants America to compete • Deregulation to lower prices http://www.google.com/imgres?imgurl=http://www.marcgunther.com/wp-content/uploads/Rick-Perry-Texas-Governor.jpg&imgrefurl=http://www.marcgunther.com/2011/09/01/rick-perry-lyin-and-denyin/&usg=__pc8hs86FtaM86gSRkOtRin7Ct24=&h=319&w=480&sz=38&hl=en&start=0&sig2=SwQNI06b4I5uuGRcl1J9yw&zoom=1&tbnid=khOqqNRf-0oWrM:&tbnh=122&tbnw=158&ei=KKR3TpuZJobj0QGb04DADQ&itbs=1&iact=hc&vpx=346&vpy=321&dur=675&hovh=183&hovw=275&tx=173&ty=97&page=1&ndsp=28&ved=1t:429,r:8,s:0
Bibliography “Background on Free Trade." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011. <http://ontheissues.org/Background_Free_Trade.htm>. "Barack Obama on Free Trade." OnTheIssues.org - Candidates on the Issues. On the Issues, 4 Sept. 2011. Web. 19 Sept. 2011. <http://ontheissues.org/2012/Barack_Obama_Free_Trade.htm>. "Free Trade: 2008 Contenders' Views." OnTheIssues.org - Candidates on the Issues. OntheIssure.org/SpeakOut Foundation. Web. 15 Sept. 2011. <http://ontheissues.org/Free_Trade.htm#Headlines>. “Free Trade: International Free Trade — Infoplease.com." Infoplease: Encyclopedia, Almanac, Atlas, Biographies, Dictionary, Thesaurus. Free Online Reference, Research & Homework Help. — Infoplease.com. Web. 14 Sept. 2011. <http://www.infoplease.com/ce6/bus/A0858250.html>. "Michele Bachmann on Free Trade." OnTheIssues.org - Candidates on the Issues. On the Issues, 4 Sept. 2011. Web. 19 Sept. 2011. <http://ontheissues.org/2012/Michele_Bachmann_Free_Trade.htm>. "Mitt Romney on Free Trade." OnTheIssues.org - Candidates on the Issues. On the Issues, 1 Aug. 2011. Web. 19 Sept. 2011. <http://ontheissues.org/2012/Mitt_Romney_Free_Trade.htm>. "Rick Perry on Free Trade." OnTheIssues.org - Candidates on the Issues. On the Issues, 2 Sept. 2011. Web. 19 Sept. 2011. <http://ontheissues.org/2012/Rick_Perry_Free_Trade.htm>. Schott, Jeffrey J. "North American Free Trade Agreement (NAFTA)." World Book Advanced. World Book, 2011. Web. 15 Sept. 2011. Telesk, Lee H. "NAFTA's Economic Impact." Council on Foreign Relations. Council on Foreign Nations, 2011. Web. 15 Sept. 2011. "What We Stand For: Economy & Job Creation." Democrats.org. DNC Services Corporation, 1995. Web. 19 Sept. 2011. <http://www.democrats.org/issues/economy_and_job_creation>.
