BloombergBy Kristin Jensen and Mark Drajem
March 30, 2007
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A Bloomberg/Los Angeles Times poll conducted in January found 39 percent of Democrats believe free trade hurts the economy; only 18 percent say it is a benefit.
Both parties agree that a backlash on trade helped Democrats in the 2006 elections. West Virginia Senator Jay Rockefeller, a Democrat, said U.S. workers have been ``so decimated'' by unfettered competition that ``I think the American people understand they will be hit by it.''
Clinton promoted her husband's trade agenda for years, and friends say that she's a free-trader at heart. ``The simple fact is, nations with free-market systems do better,'' she said in a 1997 speech to the Corporate Council on Africa. ``Look around the globe: Those nations which have lowered trade barriers are prospering more than those that have not.'' ..... At the 1998 World Economic Forum in Davos, Switzerland, she praised corporations for mounting ``a very effective business effort in the U.S. on behalf of Nafta.'' She added: ``It is certainly clear that we have not by any means finished the job that has begun.''
Clinton ``is committed to free trade and to the growing role of the international economy,'' said Steven Rattner, a Clinton fundraiser and co-founder of Quadrangle Group LLC, a New York buyout firm. ``She would absolutely do the right thing as president.''
There was little evidence of a protectionist tilt to Clinton's trade views during either her 2000 campaign or first years in the Senate. She stressed issues such as homeland security and children's health care, and wasn't a major voice in trade-policy debates.
As she began to gear up for a White House run, Clinton became less of a free-trade booster and more skeptical about the payoff of globalization.
Opposing Cafta
She voted against the Central American Free Trade Agreement in 2005, saying the pact lacked strong protections for foreign workers and that President George W. Bush was failing to enforce existing trade laws.
She also joined her New York colleague, Senator Charles Schumer, in backing legislation imposing trade sanctions on Chinese exports unless the government in Beijing agreed to stop holding down the value of the yuan. Last month, she sent a letter to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke warning about China's ownership of $350 billion of U.S. debt.
Clinton called on Paulson to adopt a proposal requiring a ``plan of action'' to reduce U.S. deficits when foreign-owned debt exceeds 25 percent of gross domestic product or the trade deficit reaches 5 percent of GDP.
In 2006, Clinton helped lead efforts to condemn the purchase of U.S. port facilities by DP World, a company based in Dubai, in the United Arab Emirates. At the same time, her husband was offering advice to Dubai's leaders, the Financial Times reported.
To help allay suspicions that she's been hijacked by free- traders from her husband's team, Clinton asked Thea Lee, the AFL- CIO's policy director, and Michael Wessel, who had been a top aide of Nafta foe and former House Democratic leader Richard Gephardt, into strategy discussions to debate pro-traders.
Negotiated by Bush
In her interview with Bloomberg, Clinton was careful to describe Nafta as having been negotiated by the administration of President George H.W. Bush ``and then pushed through Congress in the Clinton administration.''
Labor leaders, upset about job losses they blame on Nafta, remain suspicious that she is too influenced by Rubin, the vice chairman of Citigroup Inc. and an outspoken foe of protectionism.
``The Rubin wing of the Democratic Party is heading up policy direction'' for the Clinton campaign, said Leo Gerard, president of the United Steelworkers. That's ``going to be an issue'' with union members, he said. ``We don't need more of the same.''
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Are Bill's 2006 earnings listed on their TAX RETURN from advising Dubai's leaders during the aborted takeover of American ports by DP World???>>>>>> JUST WHERE DOES THE CLINTONS' LOYALTY LIE??
In this campaign, she has deliberately concealed her earlier favorable stance on NAFTA, and when it became politically expedient in her intentions to run for president, she shifted her stance to one that is more critical of NAFTA. The people of Ohio were lied to by omission of this information about her earlier record on NAFTA, a searing reminder of jobs lost in that state. She created enough faux doubt on Obama's stance on NAFTA, that it obscured any close attention to her own record. This tactic is disturbingly familiar.
I don't have a problem with a candidate who realizes his/her error on a particular stance on an issue, and then changes position. What I DO take issue with is a candidate who tries to claim later that he/she never held the damaging view in the first place. That is outright lying.
And, like an octopus squirting out a foul, murky ink to obscure and protect itself, she tried to
smear Obama with false NAFTA innuendo, creating a smokescreen around her own NAFTA record on the eve of the Ohio primary.
These are the tactics of a campaign that cannot win on its own merits.
Let us confront her with the facts of her own record.
We will show no mercy.