Explore Candidates President John McCain on Trade and Economics

John McCain on Trade and Economics

John McCain's running mate is Sarah Palin
Globalization has become a reality that has challenged traditional economies all over the world. Increased trade and agreements between nations have raised debate in the United States about what is the right balance between global exchange and protectionism. This topic includes information about candidate positions on: free trade and free trade agreements, farm subsidies, unionization, an increase in the federal minimum wage, and trade relations with China.
John McCain strongly supports unrestricted free trade

"Look, globalization is the answer. It’s not something to be feared, it’s something to be exploited. Ninety-five percent of the world’s customers are outside of the United States of America. So getting access to those markets through free trade agreements, and expanded trade, and adequate measures for full protection of intellectual property – I understand that China violates people’s intellectual property rights all the time, and I’ll take them to the WTO. I’ll put pressure on them to stop it. But, I’ll tell you – a developed Chinese economy, where they want their intellectual property rights respected, is probably one of the best ways to encourage them to respect intellectual property rights. You’ll never find anyone who comes on this blog that is more of a free-trader than I am, and I think the lessons of history are that if we resort to protectionism, as we did prior to World War II, and other times in America’s history, we pay a very hefty price for it. And I’m worried, frankly, about the rise of protectionism in America."

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He supports the WTO, GATT, NAFTA, the trade embargo with Cuba but he believes that such agreements should not include environmental rights and workers' rights.

National Political Awareness Test (NPAT) Nov 7, 2004

"Free trade is a powerful tool for opening up closed societies, if leaders in the greater Middle East are willing to make necessary and overdue political and economic reforms. It's past time for nations of the Middle East to join the global economy, and for rulers to lead increasingly restive populations in the direction of democracy and free markets."

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"I don't believe in walls. I believe in freedom. If I were President, I would negotiate a free trade agreement with almost any country willing to negotiate fairly with us. Only risks to the security of our vital interests or egregious offenses to our most cherished political values should disqualify a nation from entering into a free trade agreement with us."

Speech to National Press Club, 5/20/99 May 20, 1999

"Yes, many American families will suffer from the inevitable dislocations caused by the imperatives of a global economy. But the answer to their suffering cannot be the adoption of policies that will sustain one industry by tariff or subsidy. Embracing protectionism here to retaliate for it elsewhere is akin to a murder-suicide pact."

Speech to National Press Club, 5/20/99 May 20, 1999

"While the effects of NAFTA are being closely monitored by supporters and critics of that pact alike, it has become clear that NAFTA represents an important component of our international economic policy, contributing to the creation of 300,000 new American jobs since its passage. It will likely be several more years before its full impact can be determined."

Senate Statement, Drug Free Borders, March 18, 1999

Voted YES on free trade agreement with Oman.

Bill S. 3569 ; vote number 2006-190 on Jun 29, 2006

Voted YES on implementing CAFTA for Central America free-trade

Bill HR 3045 ; vote number 2005-209 on Jul 28, 2005

Voted YES on establishing free trade between US & Singapore

Bill S.1417/HR 2739 ; vote number 2003-318 on Jul 31, 2003

Voted YES on establishing free trade between the US and Chile

Bill S.1416/HR 2738 ; vote number 2003-319 on Jul 31, 2003

Voted YES on granting normal trade relations status to Vietnam

Bill HJRES51 ; vote number 2001-291 on Oct 3, 2001

Voted YES on expanding trade to the third world

Bill HR.434 ; vote number 2000-98 on May 11, 2000

His pro-free-trade record dates all the way back to 1993, when he supported NAFTA. McCain also supported Trade Promotion Authority in 1997 and 2002, during both the Clinton and Bush administrations. During his time in the Senate, the Arizona Republican has supported every major piece of trade legislation, including controversial measures like CAFTA and Permanent Normal Trade Relations with China.

Trading Free National Review, August 9, 2007 Thursday

John McCain opposes an increase in the federal minimum wage

Q: One of the first things the Democrats are going to do is pass a bill to increase the minimum wage. Do you support that? A: If there are some protections for small business. It's a fact that small business has to be able to sustain an increase in payroll and we should be able to sit down and work that out.

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Q: But why have you been against the minimum wage? A: Even on people as low as $42,000. I'm for the minimum wage increases when they are not attached to other big-spending pork barrel. The practice in Washington is attach a good thing to a bad thing. And that way, then you have to vote yes or no. Q: So, you would have been for alone, after the increases in the minimum wage, even though you voted against it, I said 17, it was actually 19 times? A: Well, or 29 or 49, whatever it is. The fact is that I am for a living wage for all Americans. And I'd like to see them get it. But the key is to get them jobs, and get them the kind of good educational opportunity and affordable health care.

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In 2006, voted against increasing the federal minimum wage.

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In 2007, voted to give states the right to decide the minimum wage in their own states.

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In 2007, voted against raising the minimum wage.

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In 1999, he did not vote on an amendment that would increase the federal minimum wage.

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McCain is worried about the effects that an increase in the minimum wage will have for small businesses.

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John McCain is neutral on government subsidies to farmers

"The American farmer is the most productive and efficient farmer in the world. He or she can compete anywhere in the world as long as we open the markets to those products. Isolationism and protectionism doesn't work. We should not subsidize ethanol or sugar or any other crop, because then that hurts the American consumer. But I will lower the barriers to products coming into the US in return for any nation that will lower their barriers to US products."

Republican debate in West Columbia, South Carolina

John McCain supports normal diplomatic and trade relations with China

"The U.S. shares common interests with China that can form the basis of a strong partnership on issues of global concern, including climate change, trade and proliferation. But China's rapid military modernization, mercantilist economic practices, lack of political freedom and close relations with regimes like Sudan and Burma undermine the very international system on which its rise depends. The next American president must build on the areas of overlapping interest to forge a more durable U.S.-China relationship."

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In 2000, McCain voted for the U.S.-China Trade Relations Act

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"The old debate about whether to engage China or contain it seems to me a bit stale. Yes, we should engage China. But we should not only engage; we also need to hedge."

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