If you thought Nafta was bad. Now we have Cafta. This is just another one of the tools used to hack away at the American standard of living we enjoy. Instead of raising the standard of living in these countries, it can only help to lower ours.
The following is reprinted from the Northwest Labor Press:
CAFTA passes, with help of Oregon's Greg Walden
One vote would have made the difference. CAFTA, the Dominican Republic Central America Free Trade Agreement, passed the U.S. House of Representatives just after midnight July 28 in a 217-215 vote. The agreement had earlier passed the Senate with the support of all four Democratic senators from Oregon and Washington.
CAFTA links the United States to Guatemala, El Salvador, Honduras, Costa Rica, Nicaragua and the Dominican Republic in the same way NAFTA combined the U.S., Mexico and Canada.
With such a small margin in favor of CAFTA, Walden’s vote could have made the difference, said Oregon AFL-CIO President Tim Nesbitt.
“The American people are losing confidence in these so called ‘free-trade’ agreements,” Nesbitt said. “They’re beginning to understand it for what it is: It’s about outsourcing and a race to the bottom.”
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