Barack Obama is following-up his recent primary victories with some new thoughts on economics, to be offered today at a speech at a GM factory. Here is an excerpt of what he will say about trade:
It’s also time to look to the future and figure out how to make trade work for American workers. I won’t stand here and tell you that we can – or should – stop free trade. We can’t stop every job from going overseas. But I also won’t stand here and accept an America where we do nothing to help American workers who have lost jobs and opportunities because of these trade agreements. And that’s a position of mine that doesn’t change based on who I’m talking to or the election I’m running in.
You know, in the years after her husband signed NAFTA, Senator Clinton would go around talking about how great it was and how many benefits it would bring. Now that she’s running for President, she says we need a time-out on trade. No one knows when this time-out will end. Maybe after the election.
I don’t know about a time-out, but I do know this – when I am President, I will not sign another trade agreement unless it has protections for our environment and protections for American workers. And I’ll pass the Patriot Employer Act that I’ve been fighting for ever since I ran for the Senate – we will end the tax breaks for companies who ship our jobs overseas, and we will give those breaks to companies who create good jobs with decent wages right here in America.