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Article: Embargo needed on CAFTA myths.(COMMENTARY)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- June 27, 2005
CopyrightCOPYRIGHT 2005 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Donald Lambro, THE WASHINGTON TIMES
Economic myths fly fast and furious on Capitol Hill as congressional debate heats to the boiling point over the Central American free trade bill.
Perhaps the worst myth spread by Democratic leaders, labor unions, and textile and sugar industry opponents of the free trade agreement with the Dominican Republic and five Central American countries (known as DR-CAFTA) is it will undermine the U.S. economy.
This was the same old argument used against the North American Free Trade Agreement (NAFTA) when Ross Perot warned it would lead to "a huge sucking sound" of U.S. jobs going to Mexico.
But after ...