I've also gone back to old blog entries that dealt with these issues (see, e.g., here and here) and have given them the same "PC4D" search label for ease of reference. Given that 2010 promises to be a rather tough year for those most sympathetic to protectionist campaign rhetoric and fearmongering, these entries should have a lot of company very soon. And hopefully, by the time the year is over, we'll have quite the library of protectionist BS and a whole boatload of quick, funny and factual rebuttals to said BS. (I imagine that Unfrozen Caveman Politician will be making a lot of appearances this year!)
Fortunately for us, Sen. Arlen Specter (
I've waited to discuss this bill, and the Senators' rampant protectionist myth-mongering in support of it, because the text of the legislation is still unavailable, even though it was officially introduced last week. (It's obviously hiding from me!) And because this bill is a lot more complex than one which simply removes the US from NAFTA, I need the bill's actual text just to be sure I'm correctly criticizing everything. That said, here's a little taste of the aforementioned press release, which is just chock-full of nonsense:
“Job creation and job retention in this country depend, in large part, on our ability to enforce existing trade laws,” Senator Specter said. “This legislation would give an injured industry the opportunity to seek reliable enforcement in federal court so that we can stop anticompetitive, predatory trade practices which steal jobs from our workers, profits from our companies, and growth from our economy.”This is gonna be fun. (For me, at least.)
“Unfair trade practices have shipped Pennsylvania jobs oversees and increased our trade deficit," said Senator Casey. “One of the best job creations strategies is to make foreign governments play by the rules and create a level playing field for American workers.”
Senator Brown said: “If we’re going to create manufacturing jobs, we need to start enforcing trade law. American manufacturers can compete with anyone – but they need a level playing field. This bill would prevent a flood of unfairly-subsidized imports from shuttering our factories.”...
The legislation comes as China continues to engage in trade and market-distorting practices in violation of WTO rules and U.S. laws. By allowing countries like China to ignore international trade rules, the U.S. has lost countless manufacturing jobs and has a skyrocketing trade deficit. The latest trade numbers indicate that imports from China have exceeded U.S. exports by a staggering $208.6 billion.
One final note: if you happen to find any really good stuff out there that I've missed (or simply forgotten to discuss), please feel free to send it along. The more the merrier!