Word: trade
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Dates: during 1950-1959
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Protect Which Jobs? About 4,500,000 workers-one in 14-depend on foreign trade for a living. Since foreigners must sell to the U.S. in order to buy from the U.S., it follows, said Ike, that "the defeat of the trade agreements program would destroy far more jobs . . . than it could possibly ever preserve." But the President was not willing to rest his argument on self-interest. "It may be trite to say that trade is a two-way street, but is it trite to say that cooperative security is a two-way street? By no means. Allies...
...word has got around, said Ike, that his request for a five-year extension of the reciprocal trade act was just a bargaining point. "I would like to set the record straight. It is a proposal dictated by the facts." Among the facts: six principal nations of Western Europe are embarked on a program of tariff reduction that will result in a tariff-free common market expected in 1962-and the U.S. will need the powers set out in the reciprocal trade act to bargain with the common market area to mutual advantage...
...President, the fight for reciprocal-trade extension without crippling amendments involves a national choice in which "every American can have a part." If enough U.S. citizens make themselves heard. Congress will listen. On the one hand, the nation can choose the way of "economic isolationism" and "cower behind new trade walls of our own building," abandoning the rest of the world to "those less blind to the events and tides now surging in the affairs of men." Or it can refuse to take the downward path and push "forward strongly along the clear road to greater . . . security and opportunity...
General Norstad's reception was symptomatic of congressional lollygagging on both foreign aid and foreign trade. The Capitol Hill attitude was best summed up by one of the absent committee members, Montana's Mike Mansfield, who prides himself on being a leading Democratic light on foreign relations. "The Administration," said Mansfield last week, "is pushing foreign aid, and for that matter foreign trade, as paramount issues at the very moment the people are much more interested in unemployment compensation and public works." By way of showing that he stands second to none in taking care of the folks...
...house, heavy-handedly suggested that it was time for the McClellan committee to go out of business. He was promptly and loudly supported by A.F.L.-C.I.O. President George Meany, who called the report "a disgraceful example of the use of sensationalism in an attempt to smear the trade-union movement." Like Pipe Fitter McNamara, Plumber Meany pointed out that the A.F.L.-C.I.O. has kicked out the Teamsters and a couple of other corrupt unions. Neither mentioned that organized labor allowed its ugly situation to grow uglier for years-until the McClellan committee came along...