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Friday, April 18, 2008 --- 110 days ago http://feeds.feedburner.com/~r/eyesontrade/~3/271566155/the-white-house.html
| Last week we received this e-mail from White House staffer Kerrie Rushton, taking issue with Todd's post (really Lori's statement) about the many problems with the Colombia FTA. We're reprinting the email in full, of course with our own responses. After the break, Kerrie's email is in boldface, with our responses mixed in.
Eyes on Trade blog,
The White House appreciates the chance to respond to Todd Tucker's post yesterday, "Colombia-Congress Fast Track: What Happened, What We Will Do, and What You Should Think."
While we clearly, but respectfully, disagree with your belief that NAFTA has adversely affected U.S. economy (nearly 27 million new jobs since then; manufacturing output up 58 percent, a much higher increase than in the years preceding NAFTA), we'd like to address your post from yesterday and point out some ways the Colombia FTA differs from NAFTA.
As we have documented time and time again, the relevant measure of trade's impact on the economy is not the total number of jobs, but their composition. Net manufacturing job loss during the NAFTA-WTO era has been 3 million, while EPI estimates that job loss directly due to the trade deficit was millions more. Additionally, manufacturing value-added is a more appropriate measure than raw manufacturing output, which doesn't account for the growing share of imported inputs into "American"-made products. Growth in value-added is the same before and after NAFT ... |
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