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REP. KEVIN McCARTHY: Politics of trade hurts job creation – POLITICO.com

September 6, 2011

The author writes that the president needs to submit pending agreements to Congress. | Jay Westcott/POLITICO Close

Politics of trade hurts job creation

By REP. KEVIN O. MCCARTHY | 9/6/11 9:42 PM EDT

Right now, there are three pending export agreements negotiated by the White House that could create and support thousands of jobs. But after two years of delay, the Obama administration still has not sent them to Congress for consideration.

These free-trade agreements with Colombia, Panama and South Korea would have a significant positive effect on our economy. They would support 250,000 jobs spanning all sectors of our economy, including manufacturing, services and agriculture, according to the administration’s own calculations.

Every $1 billion in new exports of U.S. goods supports up to 6,000 additional jobs here at home. Trade directly translates to support for local economies and jobs. In my district, California’s Central Valley, 139,627 jobs are directly supported by exports. In 2010 alone, $44.3 billion in merchandise was exported from businesses there. Similar statistics abound across the country, and the potential for U.S. job growth only increases with these new agreements.

Yet, Americans listening to President Barack Obama this summer may mistakenly believe that Congress has delayed passage of these export agreements. There is nothing further from the truth.

The reality is that the White House messaging on trade is misleading: While the president was on his taxpayer-funded bus tour, giving lip service to job creation, he was trying to obscure the fact that he has stalled these job-creating trade agreements because of partisan political concerns.

via Opinion: Politics of trade hurts job creation – Rep. Kevin O. McCarthy – POLITICO.com.

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