Michaud on CAFTA
Go read his excellent piece on the effects this legislation could have on Maine and the nation.
Free trade is fine, but the people of Maine deserve fair trade. We deserve trade that does not cost us our jobs and our way of life.
That is why I have been opposing CAFTA; and I am not alone. Congress typically has voted within 55 days after President Bush has signed a trade agreement. But May 28th will mark the one-year anniversary of the President signing CAFTA. Why the long hold-up? Because Members of Congress from both parties are asking a lot of tough questions about this deal, and wondering if it will do anything good for America.
It doesn't take a trade expert to see the massive economic mismatch between the United States and the nations that make up the Central American Free Trade Agreement: Honduras, Costa Rica, Nicaragua, Guatemala, and El Salvador. The U.S. economy, with a $10 trillion Gross Domestic Product (GDP) in 2002, is 170 times larger than the economies of the CAFTA nations, at about $62 billion combined. To put this into perspective, the purchasing power of these nations is almost identical to the purchasing power of New Haven, Connecticut.
MyDD has more on the subject.
Visit the new Maine Politics.