2004 March 02 Tuesday
International Trade Politics Makes Strange Political Bedfellows

When very left-leaning Bernie Sanders and the most consistently libertarian Republican in the House of Representatives Ron Paul co-sponsor legislation havng to do with exporting of jobs abroad we are not in Kansas any more Toto.

About 50 U.S. House members plan to introduce a bill Wednesday that would deny U.S. companies federal financing and loan guarantees if they shift U.S. jobs overseas.

The proposed Defending American Jobs Act was written by Rep. Bernard Sanders, Independent of Vermont, and will be co-sponsored by about 50 other representatives, including Republicans Ron Paul of Texas and Virgil Goode of Virginia.

Likely Ron Paul saw this as an opportunity to reduce government loan hand-outs and he'd probably be as equally willing to vote for a bill that denied government loans to companies on for any other reason that presented itself as a politically viable reason to restrict some government hand-out. Paul supports free trade so much that he favors the reimportation of price-controlled drugs from Canada (though Sanders may support this as well for different reasons). By contrast, Sanders links to an article on the decline in popular support for free trade.

Share |      By Randall Parker at 2004 March 02 01:54 PM  Economics Political


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