Are Republicans better on trade?
Felix Salmon
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Nov 7, 2006
The Economonitor has been trying to avoid the midterm elections as much as possible: This is an economics blog, not a politics blog. As this blog is being written, TradeSports has the Republicans keeping the Senate (67.5% probability) but losing the House (17.8% probability of retaining control there). But since it's such a politically-fraught day, I'll concede one post to political matters, and give the floor to Greg Mankiw, who reckons the Republicans are much better than the Democrats on free trade:
Of course, Mankiw's commenters (who seem to be a pretty Dem-leaning bunch) aren't taking this lying down. Some concede his point, but others contest it. Mark Witte:
And twicebitten:
The difference seems to me to be that Mankiw's talking about the legislature and not the executive. The Bush White House has achieved very little on the free-trade front, in contrast to the Clinton White House. But if you put it to a vote, Republican legislators are more likely to support free-trade initiatives than Democratic ones. Doha Trade Talks Suspended: What Next? Register for RGE EconoMonitorsAccess to some RGE EconoMonitors, including Nouriel Roubini's Global EconoMonitor, is reserved for registered users, so sign up now to read and comment on current postings. These writings are only a small part of the insights and commentary available through RGE Monitor. Contact us today at info@rgemonitor.com or 212.645.0010 to learn more about becoming a full subscriber. |
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