Gingrich reverses long standing position on trade

cawacko

Well-known member
Guess he really wants to be Trump's VP.



Gingrich reverses course on trade as Trump VP chatter swirls

The former House speaker, who helped pass NAFTA, tells POLITICO: ‘I basically agree with Trump’s speech on trade.’


Former Speaker Newt Gingrich, under consideration as Donald Trump’s running mate, is dropping his decades-long support of free trade deals and picking up Trump’s strongly protectionist position.

“I basically agree with Trump’s speech on trade,” Gingrich said in an email to POLITICO on Friday.

Citing China’s taking of American intellectual property and the fact that the country is now in “a different era,” Gingrich said he had moved closer to the position of the presumptive Republican nominee.

That represents a significant shift for Gingrich, who championed trade agreements while a congressional leader, and a move that would smooth over one of the biggest policy differences between the two men who could form the Republican ticket.

Trump delivered a scathing rebuke of America’s trade policies in Pennsylvania this week, calling the North American Free Trade Agreement, which Gingrich helped approve while in Congress, “the worst trade deal" in U.S. history and vowing to renegotiate it. Trump also said he would pull out of the Trans-Pacific Partnership trade pact negotiated by the Obama administration.

“We allow foreign countries that cheat to export their goods to us tax-free. How stupid is this?” Trump said. “How could it happen? How stupid is this?”

Gingrich is among the candidates under consideration by Trump as a running mate and is currently undergoing a vetting process that includes requests to produce financial and political documents from him, according to a person familiar with the process.

Trump has publicly said he wants a running mate who has political experience, particularly in Washington, which Gingrich has in spades.

But that history includes Gingrich being among the highest-profile congressional supporters of NAFTA in the early 1990s, back when George H.W. Bush was negotiating the deal and Bill Clinton was pushing it through Congress. He even rounded up votes as the minority whip, calling himself part of the "Clinton-Gingrich Pro-American Growth Team.”

When the House approved the pact, Gingrich declared, “This is a vote for history, larger than politics, larger than reelection, larger than personal ego.”

In the email Friday, Gingrich said that today, “We are in a different era.”

“NAFTA was the final result of a process that began with Ronald Reagan in 1979,” Gingrich wrote. “It had 14 years of effort and was central to North American progress. We are now in a different era. 23 years after that vote it is clear that a lot of our trade efforts are destructive. When the director of national intelligence staff reports that China stole $360 billion in intellectual property last [y]ear, twice our total sales to China, there is something profoundly wrong.”

Gingrich has been a free-trade advocate for decades. In 2012, during his own presidential run, the Club for Growth wrote in a white paper on Gingrich that “evidence of any pro-protectionism support is scant.” The group noted that conservative William F. Buckley, Jr. called Gingrich in 1994 a “profoundly committed free trader.”

In 2000, Gingrich was also a proponent of normalizing trade relations with China, writing for the American Enterprise Institute that it was “the most important national security test Republicans in Congress will face this year.”

“Extending permanent normal trading relations will create the framework for a much closer relationship between the Chinese and American people,” Gingrich wrote at the time. “Rejecting the Chinese will serve only to alienate and further drive a wedge between American and Chinese societies.”

Trump said in his speech that China’s entrance into the World Trade Organization enabled the “greatest jobs theft in history.” Trump said he would label China a “currency manipulator” and instruct the U.S. Trade Representative to bring cases against China at the WTO, vowing to use “every lawful presidential power” to change trade policies with China.

Trump’s speech received immediate push back from the business lobby, long a pillar of the Republican establishment, including the U.S. Chamber of Commerce, which live-tweeted rebukes of the Republican nominee in a highly unusual move. “Even under best case scenario, Trump's tariffs would strip us of at least 3.5 million jobs,” read one. “Under Trump's trade plans, we would see higher prices, fewer jobs, and a weaker economy,” said another.

Gingrich has previously moved somewhat toward Trump on trade. In May, on Fox News, Trump cited the same $360 billion figure for China stealing American intellectual property and said, “I think being tough about that’s a good thing. I think conservatives can be for very tough minded trade, not automatically yell, ‘Free Trade!’ where you get ripped off.”


http://www.politico.com/story/2016/07/newt-gingrich-trump-trade-vice-president-225035
 
there was an agreement, some countries have not followed the agreement, therefore there are problems with the agreement......

this is economics, not rocket science.......
 
and partisan hacks like you can make mountains out of any mole hill.......
So let me get this straight...Newt was responsible for creating these free trade agreements and it's OK for him to flip his position on them not because he was wrong but because it's a new era? And we're not supposed to laugh?
 
So let me get this straight...Newt was responsible for creating these free trade agreements and it's OK for him to flip his position on them not because he was wrong but because it's a new era? And we're not supposed to laugh?
Just like the weatherman, he wasn't wrong, he is merely updating the forecast.LMAO!!!
 
It had 14 years of effort and was central to North American progress. We are now in a different era. 23 years after that vote it is clear that a lot of our trade efforts are destructive. When the director of national intelligence staff reports that China stole $360 billion in intellectual property last [y]ear, twice our total sales to China, there is something profoundly wrong.”
it's going to be a very tough road to changing this,and if you do there are all kinds of ways for China to push back.
But this is unacceptable too. Getting China to agree to anything it doesn't want to do is dealing with a stubborn child
 
it's going to be a very tough road to changing this,and if you do there are all kinds of ways for China to push back.
But this is unacceptable too. Getting China to agree to anything it doesn't want to do is dealing with a stubborn child

The trump knows how to deal w/ "those ppl"... A nice trade war, start building our own islands on the spratleys & get Viet Nam to build are stuff..
 
So let me get this straight...Newt was responsible for creating these free trade agreements and it's OK for him to flip his position on them not because he was wrong but because it's a new era? And we're not supposed to laugh?

????.....why are you saying he flipped his position?......I'm sure if China had followed the agreement everyone would be happy......Trump has pointed out that China has not followed the agreement......Gingrich has said he agrees with that statement.......if you aren't bright enough to figure that out we should be laughing at YOU......which we are, of course......even Dolly laughs......
 
????.....why are you saying he flipped his position?......I'm sure if China had followed the agreement everyone would be happy......Trump has pointed out that China has not followed the agreement......Gingrich has said he agrees with that statement.......if you aren't bright enough to figure that out we should be laughing at YOU......which we are, of course......even Dolly laughs......

Trump is against basically all the trade deals, including the one's Newt worked on. That was the basis of his speech. I don't think one has to be a political insider to read the tea leaves here for why Newt is announcing this new position.
 
The trump knows how to deal w/ "those ppl"... A nice trade war, start building our own islands on the spratleys & get Viet Nam to build are stuff..
I think he's undersold. but it's nowhere near as simple as he claims.
we could do a lot to renegotiate as we are at least in as good shape economically as China is now -with it's own military industrial complex to feed
and GDP slowdowns , and really bad ideas like building cities to nowhere along the Silk Road,
It has a monster population to tend, corruption, centralized planning..

Along the new Silk Road, a city built on sand is a monument to China’s problem
https://www.washingtonpost.com/worl...2424c0-1d09-11e6-82c2-a7dcb313287d_story.html
 
In China, debt has ballooned to 280 percent of gross domestic product, from 135 percent in 2009, Wigram Capital calculates.
Bad loans are soaring, and new debt is increasingly being used to pay back old loans.

It now takes 4 yuan of debt to generate 1 yuan of economic growth, up from 1 to 1 at the time of the financial crisis.

The Economist magazine warned this month of China’s “coming debt bust,” arguing that these trends are unsustainable and recommending that the government plan for “turmoil.”
The central government talks of reducing industrial overcapacity, cutting debt and transitioning to a new, innovation-driven economy, but provincial leaders, under pressure to meet economic targets, seem unable to abandon the old playbook
https://www.washingtonpost.com/worl...2424c0-1d09-11e6-82c2-a7dcb313287d_story.html
 
I think he's undersold. but it's nowhere near as simple as he claims.
we could do a lot to renegotiate as we are at least in as good shape economically as China is now -with it's own military industrial complex to feed
and GDP slowdowns , and really bad ideas like building cities to nowhere along the Silk Road,
It has a monster population to tend, corruption, centralized planning..

Along the new Silk Road, a city built on sand is a monument to China’s problem
https://www.washingtonpost.com/worl...2424c0-1d09-11e6-82c2-a7dcb313287d_story.html
Do you think he would be a good negotiator w/ China??

Doing real estate, marketing & self promotion is great, his fans eat it up, thing is, China aint no fan...
 
Trump is against basically all the trade deals, including the one's Newt worked on. That was the basis of his speech. I don't think one has to be a political insider to read the tea leaves here for why Newt is announcing this new position.

or Newt said he agreed with what Trump said in his speech......
 
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