Showing posts for "Trade"
“[A]s a former Ambassador to the United Nations, Bill [Richardson] brings both international stature and a deep understanding of today’s global economy. He understands that the success of today’s business in Detroit or Columbus often depends on whether it can sell products in places like Santiago or Shanghai. And he knows that America’s reputation in the world is critical not just to our security, but to our prosperity – that when the citizens of the world respect America’s leadership, they are more likely to buy America’s products.”
President-elect Barack Obama nominated Gov. Bill Richardson (D-NM) Wednesday as secretary of commerce. Richardson served under President Bill Clinton as U.S. ambassador to the United Nations, and as secretary of energy. The former 2008 Democratic presidential candidate is the most prominent Hispanic American appointment to Obama’s cabinet so far.
An expert panel addressed potential new directions for trade policy Tuesday night at New York University. CFR.org contributing writer Julie Ginsberg filed this report from the event.
Responding to news of the failure of the Wall Street bailout legislation, Sen. John McCain (R-AZ) said it is “time for all members of Congress to go back to the drawing board.” He reiterated principles he hoped the bill would follow, including “responsible oversight, effective transparency, added protections for the taxpayers, and a cap on excessive salaries for executives.” He also said the bill should “have no earmarks.”
Sen. Barack Obama (D-IL) said the U.S. focus on Iraq has meant diminished attention to Latin America (WashPost). He spoke with Miami’s Radio Caracol on Monday. “We spend the same amount in Latin America in an entire year that we spend in Iraq in one week. That has created, I think, a void which people like [Venezuelan President Hugo] Chavez have been able to fill,” Obama said.
MINNEAPOLIS — Energy is shaping up as one of the main foreign policy wedge issues between the Republican and Democratic candidates. Trade could be another. Three top aides to Sen. John McCain (R-AZ), the presumptive Republican nominee, emphasized the importance of a robust free trade policy in a panel discussion today at the Hubert Humphrey Institute here on foreign policy priorities for the next president.