American - Politician | August 9, 1948 -
When the manufacturing decline began in earnest in 2001, the main culprits were the offshoring of jobs to China, with which we have no trade deal, and automation.
William M. Daley
AutomationManufacturingChinaTrade
As a pro-business Democrat, I understand the obligations of publicly traded companies to maximize returns to shareholders.
UnderstandShareholdersDemocrat
When a state offers your company an attractive package of incentives to relocate, you have to look at it, and if it significantly boosts your bottom line, you have to take it or answer to your investors.
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Illinois needs a real strategy for job creation that grows the economy over the long term with high-wage jobs that rebuild the middle class.
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Most Republicans and the business community extol the virtues of trade, depicting it as an engine of economic progress, while most Democrats and unions attack the exportation of American jobs, claiming that trade agreements are destroying our economy.
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I know something about trade agreements. I was proud to help President Clinton pass the North American Free Trade Agreement in 1993 and create what is still the world's largest free-trade area, linking 426 million people and more than $12 trillion of goods and services.
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As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
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The reason CAFTA should be enacted is not economic benefits: it is national security.
SecurityReasonNational Security
Palin's blatant lack of competence and preparedness needs no belaboring. What's critical is that substantive, serious Republican leaders either wouldn't or couldn't declare, before or after the election, 'This is not what our party stands for. We can and must do better.'
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Whether McCain actively sought Palin in 2008 or passively yielded to aides' pressure, he set a new standard for GOP candidates who rely on lots of sizzle and little substance.
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Party leaders aren't responsible for every candidate's gaffe.
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Trade is an integral part of our foreign policy.
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