Word: nafta
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...hasn't shown its hand, the UAW may try to mitigate job losses in the U.S. by pushing GM and Ford to build fewer vehicles in Mexico, according to Sean McAlinden, chief economist at CAR. Obama might be sympathetic to that argument; he said during the campaign that NAFTA needed to be re-examined. The carrot for GM is that any new workers it hires in the U.S. will make $13 to $14 an hour and collect limited benefits rather than work for $29 an hour and get full benefits - the old UAW wage...
...question is whether that will build Obama's momentum for bigger change or merely squander his honeymoon. Here too, Clinton's history is telling. In his first year, he put so much energy and capital into his deficit-reduction package and NAFTA that, in the view of some who served with him, he had little left for health care in his second...
...McCain. Why? McCain actually visited Mexico during the campaign, meeting with all of the most important political figures. He even visited the all-important Shrine of the Virgin of Guadalupe. McCain has been an ally of Mexican government interests for many years. He was fundamental to the negotiations of NAFTA and of bilateral border matters. He has also been a proponent for liberal immigration policies for the millions of Mexicans in the U.S. The government's preference holds little sway, however. Apparently, like much of the rest of the world, the country's citizenry has been swept up by Obamamania...
...perfect. We are concerned about his support for agricultural subsidies, which distort the global market for food and prevent developing countries from being able to earn foreign exchange. His lukewarm stance on free trade—including a vague promise to “renegotiate” NAFTA and his refusal to support free trade agreements with important allies like South Korea—is also a cause for concern. But compared to the economic plan of his rival, a self-proclaimed “footsoldier in the Reagan Revolution,” Obama’s plan...
...McCain’s support of free trade far outshines his opponent’s. Since its implementation in 1994, the North American Free Trade Agreement (NAFTA) has created hundreds of billions of dollars for the US through trade with both Canada and Mexico, maintaining and generating US jobs. McCain also supports the expansion of free trade by approving a free trade agreement with Colombia...