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Thursday, September 29, 2011

postheadericon Fighting the wrong kind of trade wars

With markets in turmoil and consumer confidence at record lows, it is time for the U.S. to overtly become more selfish. In fact, looking out for number one is likely the best way to remain number one. To be clear, by selfish I do not mean senseless.  Focusing first on the nation’s self-interest should not be a proxy for surface level patriotism or protectionist policies. Selfish, in today’s economic context, means engaging in a national effort that is singularly focused on competing and winning in a globally competitive and interconnected society.
 
The President and Congress can do just that over the next 60 days.  We have a window of opportunity right now in which the United States can spur much-needed growth by passing the pending free trade agreements and then pivoting to upgrading our trade agenda. By passing free trade agreements with Colombia, South Korea and Panama the U.S. can increase exports by more than $12 billion a year and create or sustain! 70,000 jobs.

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