Hare: Panama and Colombia Trade Agreements Would Wreak Havoc on an Already Fragile Economy
Congressman Phil Hare (D-IL), a member of the House Trade Working Group, today released the following statement in response to recent comments by U.S. Trade Representative Ron Kirk.
"It would be a mistake to pursue unfair trade agreements with Panama and Colombia as we attempt to recover from the worst economic crisis since the Great Depression. There have been many contributors to the current recession: a failure to regulate Wall Street, access to easy credit, and the skyrocketing costs of health care. But our economy began this downward spiral as the result of irresponsible trade policies that have outsourced millions of good-paying American jobs. With the unemployment rate at 8.5 percent, the last thing our economy can afford is more of the same. At a time when American workers need a life raft, passage of these two trade agreements would be like throwing them anchors. I intend to work with the Obama Administration and my colleagues in Congress to create and save American jobs by forging a new direction on trade."