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  • Eyes on Trade is a blog by the staff of Public Citizen's Global Trade Watch (GTW) division. GTW aims to promote democracy by challenging corporate globalization, arguing that the current globalization model is neither a random inevitability nor "free trade." Eyes on Trade is a space for interested parties to share information about globalization and trade issues, and in particular for us to share our watchdogging insights with you! GTW director Lori Wallach's initial post explains it all.

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November 16, 2007

Protectionism Killing Economy? Um, no.

CNBC asked today at 6:30 am on Squawk Box is "Protectionism Killing Economy?"

Lori Wallach, director of Public Citizen's Global Trade Watch division debated John Fund of the Wall Street Journal, but really it wasn't much of a debate.

Watch it here (if it doesn't appear via the link, search for "Lori Wallach"):

Protectionism Killing Economy?
Protectionism Killing Economy?

A few of my favorite parts:

  • John Fund: "[Alan Greenspan] is a pure free trader no matter what his economic analysis might lead him to say."
  • John Fund: "The majority of Democrats in Congress voted for it" (note: the Dem vote was 108 supporting to 116 opposed)

Lori Wallach: "A majority opposed it actually..."

John Fund: "If you add in the Senate a majority of Congress supported it."
Lori Wallach: "They haven't voted yet. Check your facts!"
  • Host: "We can't dictate the laws of these countries but we can open markets..."

Lori Wallach: "You just made my case. If these trade agreements were just about trade we wouldn't be having this debate...Have you guys read the agreement? Have you?" [silence]

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