The Seattle Times editorializes on Barack Obama’s opposition to trade with the New Core, those billions of new capitalists who have come online since the end of the Cold War:
The Democratic presidential candidates, instead of bashing international trade, should be touting its contribution to shoring up a souring economy.
In 2007, exports rose 12 percent to a record $1.6 trillion in goods and services, according to the U.S. Chamber of Commerce. That growth accounted for more than one-quarter of the increase in the gross domestic product.Exports are one of the few bright spots in an economy that Federal Reserve Chairman Ben Bernanke acknowledges appears to be heading into recession. And the relative strength of Washington state’s economy — where one in every three jobs is trade-related — is testimony to the benefits of trade.
But that point is all but ignored in Sen. Barack Obama’s remarks prepared for an AFL-CIO meeting Wednesday in Philadelphia.
“Now, if we’re honest with ourselves, we’ll acknowledge that we can’t stop globalization in its tracks and that opening new markets to our goods can help strengthen our economy,” Obama’s speech reads.
Would he want to? Really? Stop it in its tracks?
Obama goes on to promise the union members he’ll vote against the pending trade agreements with South Korea and Colombia, and he’ll oppose permanent normal trade relations with China.
Besides the hope that Obama is lying or naive, is there any defense for Obama’s words?