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Follow on Google News | Domestic Manufacturers Condemn Fast Track BillBy: United States Business and Industry Council Said Council President Kevin L. Kearns, “The kind of trade expansion fast track would expedite isn’t part of the solution for the still- Noted Kearns, “President Obama’s Trans-Pacific Partnership plans in particular show that he refuses to learn the main lessons of past U.S. trade policy blunders: Boosting trade with Asian and other countries that can’t or won’t buy competitive American-made products, and rely heavily on selling to America for their own growth, is a surefire loser for domestic businesses and their employees alike.” Kearns continued, “The President’s recent agreement with Korea – which is likely to join the TPP – shows how flawed his trade strategy has been. Mr. Obama claimed that this ‘gold standard’ deal would at long last dismantle the thick economy- “Mr. Obama’s trade team has applied the Korea formula to the TPP,” Kearns added, “so we can expect even worse U.S. trade shortfalls, slower growth, and greater job destruction in the future if the deal goes through.” Kearns also observed that fast track represents bad governance, as well as bad economics. “Fast track is expressly designed to neuter Congress’s constitutionally required lead role in trade policymaking, designed by the Founders so that the elected politicians closest to the voters would act to ensure that new agreements serve Main Street, not Chief Executives in the grip of offshoring business interests.” In fact, Kearns observed, denying Congress the authority to amend the trade agreements it votes on violates the Constitutional principle of checks and balances, historically a formula for policy disaster. Kearns also debunked the main argument on fast track’ Kearns urged Congress to treat trade agreements with the same regular order procedures used for most other legislative business. “The Constitution and Congress’s own rules have served the nation admirably for nearly 225 years. Trade policymaking is a Congressional responsibility, and legislators should have full scope to change trade deals as they see fit to promote American interests.” For Interviews: Contact Kevin L. Kearns: 202 957 9994 (cell); 202 266 3980 (office) End
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