Comparison of United States Presidential Candidates, 2008 - Economic Issues - Trade

Trade

Further information: Free trade and United States free trade agreements
John McCain Barack Obama
McCain is a strong proponent of free trade. He supports the North American Free Trade Agreement (NAFTA), the existing General Agreement on Tariffs and Trade, and U.S. participation in the World Trade Organization (WTO). He opposes including labor and environmental conditions to trade agreements. Obama supports expanding trade only if the United States' trade partners place labor and environmental standards on their industries to "level the playing field" for American interests. If elected President, Obama plans to renegotiate NAFTA to include stricter labor and environmental standards for Canada and Mexico. He has criticized the current agreement for not including such standards, and he also voted against and criticized the Central America Free Trade Agreement (CAFTA) for similar reasons.
Chuck Baldwin Bob Barr Cynthia McKinney Ralph Nader
Baldwin would lead the US out of the North American and the Central America Free Trade Agreements. He would impose a revenue tariff. Barr's campaign site states that America "should encourage private involvement around the world, particularly through free trade. The most effective way to preserve peace is through an expanding free market, backed by a full range of cultural and other private relationships". McKinney stresses enacting laws on US corporations to keep labor standards high at home and raise them abroad. She would repeal NAFTA (North American Free Trade Agreement), CAFTA, the Caribbean FTA, and US-Peru FTA. She opposes the guest-worker program as riddled with abuses; supports justice for immigrant workers, and immigrant reform that includes amnesty and a path to legalization for undocumented people who have been living and working in the US for years. Nader views NAFTA and the WTO as subverting national regulatory agencies. He blames them for diminishing standards of living (i.e. race to the bottom). Nader supports a constitutional amendment asserting the "sovereignty of people over the power of corporations."

Read more about this topic:  Comparison Of United States Presidential Candidates, 2008, Economic Issues

Famous quotes containing the word trade:

    My trade and my art is living. He who forbids me to speak about it according to my sense, experience, and practice, let him order the architect to speak of buildings not according to himself but according to his neighbor; according to another man’s knowledge, not according to his own.
    Michel de Montaigne (1533–1592)

    Is there something in trade that dessicates and flattens out, that turns men into dried leaves at the age of forty? Certainly there is. It is not due to trade but to intensity of self- seeking, combined with narrowness of occupation.... Business has destroyed the very knowledge in us of all other natural forces except business.
    John Jay Chapman (1862–1933)

    The trade of advertising is now so near perfection that it is not easy to propose any improvement. But as every art ought to be exercised in due subordination to the public good, I cannot but propose it as a moral question to these masters of the public ear, whether they do not sometimes play too wantonly with our passions.
    Samuel Johnson (1709–1784)