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Response to nashville_brook (Original post)

Mon May 4, 2015, 05:48 AM

62. "The 1920's and early 30's." FDR and Truman knew it. The ITO was to keep it from returning.

republicans of that era cut taxes for the rich, cut regulations, cut the safety net, cut immigration, weakened unions, raised tariffs, etc.

FDR (who proposed the ITO) and Truman (who negotiated and signed it) wanted a multilateral organization that would promote and govern trade through consultation and arbitration, not unilateral national actions which they saw as the hallmark of the republican 1920's. And the ITO would have linked trade with labor rights, full employment, business regulation, investment protection and regulation, monopoly prevention, etc.

It is no wonder that a republican congress refused to ratify the ITO saying it gave up too much of our national sovereignty to an international organization. republicans got what they wanted. Now trade is not linked to full employment, labor rights, business regulation, etc.

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LineReply "The 1920's and early 30's." FDR and Truman knew it. The ITO was to keep it from returning.
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