Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Cruz supports giving Obama FastTrack authority
Howard Richman, 4/26/2015
Senator Cruz along with Representative Ryan penned an op-ed in the Wall Street Journal this week calling for Congress to give President Obama the power to negotiate the Trans Pacific Partnership without possible amendment by Congress.
Most Republican voters distrust President Obama would like to see Congress limit Obama's power. But Cruz and Ryan would like to see Congress expand Obama's power.
According to Dick Morris, Obama would use that power to make any future control over immigration by Congress illegal.
He would also use that power to tie the United States into trade agreements with countries, including Malaysia, Vietnam and Japan, which actively manipulate trade in order to run trade surplus.
The result would be the destruction of America's border controls and the long-term decline in the American economy caused by increasing trade deficits.
Sad.
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- Levy Economics Institute's analysis of Import Certificates to balance trade
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- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
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