President Bush is going to start pushing for the passage of the Central American Free Trade Agreement, commonly referred to as CAFTA. I predict that most Democrats and liberals will oppose CAFTA, but they shouldn't.
In this case, Bush and the Republicans are right, and the Democrats and liberals who oppose CAFTA are wrong. Free trade is always a good idea and always benefits all countries involved. This hasn't been a matter of argument in economics for 200 years. Every student of Economics 101 knows this.
The United States has benefitted from every free trade agreement we have entered into, and we will benefit from this one. All this nonsense about jobs going to Mexico because of NAFTA? Pure bullshit. The statistics clearly show that the economy gained more jobs from increased trade with Mexico than were lost because of jobs going to Mexico.
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