North American Free Trade Agreement
Posted: July 22, 2016
Over the weekend, Donald Trump again denounced the North American Free Trade Agreement (NAFTA) as the "worst economic deal in the history of our country". He was standing next to his vice presidential candidate, Mike Pence, a NAFTA-backing running mate.
Republican leaders in Congress have already given up on scheduling a vote this year on the 12-nation pact known as the Trans-Pacific Partnership (TTP), which excludes China and would help American movie makers, software designers, drug companies and other industries that benefit from international commerce. The party platform says TTP approval should not be rushed or undertaken in a lame-duck Congress.
Trade is a major force behind innovation and improvements in the quality that help keep the American economy on its toes.
However, there are those such as Daniel McCarthy, editor of the The American Conservative, who say that Trump is right: Free trade deals like NAFTA have to be renogotiated or scrapped entirely. He says more than five million manufacturing jobs were lost from 2000 to 2014 due to these trade agreements. He says new trade deals like the TPP face a wall of opposition for a reason. Republicans and Democrats alike in places such as Pennsylvania, Ohio, California and Indiana have seen factories close and their jobs shipped out.
Personally, I thought NAFTA was a great deal and I think the Trans-Pacific Partnership would be a boon for the national economy. It's a shame that some conservative thinkers believe the deals only lose jobs in the economy.
RANDOM THOUGHT #1: I was disappointed to hear that WBIZ-AM 1400 discontinued its sports talk lineup this past week. I spoke with Clear Channel Manager Rick Hencley this week and he told me that the station launched a new station on FM-98.7 and is also on AM 1400. He said that there are more opportunities for ratings and revenue with these two new formats. Hencley said syndicated programming rarely scores better than a 1 or 2 share of the market in Arbitron surveys. The station, by the way, plays classic rock from the 1970s and 1980s. I suppose if I were to download the iHeart radio app on my phone, I could still listen to the "Dan Patrick Show" and "The Mike Heller Show", which were two of my favorites. But I doubt I will do that anytime soon.
RANDOM THOUGHT #2: I have always been a big fan of the Jason Bourne movies, starring Mathew Damon. I am looking forward to seeing the new movie, "Jason Bourne" when it comes out on July 29th.