John Carney on Free Trade

	John Carney on Free Trade

Ideas to bring jobs back instead of arguing about offshoring

Alpha Technologies is currently finalizing a deal with one of the nation's largest mortgage companies that will result in nearly a dozen new hires. During Thursday's grand opening, Alpha Technologies argues that sending jobs "half a planet and 12 time zones away" is not as cost-effective as it might appear. Travel costs, difficulties with cross-border data security and even simple language barriers will convince more corporations to bring outsourced jobs back to the U.S. in the next five years

"This is a big deal," said U.S. Rep. John Carney, a Democratic candidate for governor. In Congress, "we argue until the cows come home about offshoring, but we don't come with many practical ideas about how to bring jobs back to the United States," he said. "This is the best way you could give back by creating jobs and bringing them back from overseas."

Source: Wilmington News Journal on 2016 Delaware Governor's race , Mar 10, 2016

$25B more loans from Export-Import Bank.

Carney co-sponsored H.R.1031 & S.824

This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:

Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You`d think the bank would spread the money around to nurture up-and-coming businesses. You`d be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the `New Economic Patriotism,` where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama`s National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. `New Economic Patriotism` basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.

Source: Promoting U.S. Jobs Through Exports Act 15-HR1031 on Feb 24, 2015

Rated 50% by the USAE, indicating a mixed record on trade.

Carney scores 50% by USA*Engage on trade issues

Ratings by USA*Engage indicate support for trade engagement or trade sanctions. The organization`s self-description: `USA*Engage is concerned about the proliferation of unilateral foreign policy sanctions at the federal, state and local level. Despite the fact that broad trade-based unilateral sanctions rarely achieve our foreign policy goals, they continue to have political appeal. Unilateral sanctions give the impression that the United States is `doing something,` while American workers, farmers and businesses absorb the costs.`

Developing the Case: USA*Engage explains the benefits of economic engagement, and the high cost of sanctions for American exports, investment and jobs.
Education: We recruit respected foreign policy and economic experts to speak out against sanctions, actively engage the media and provide outreach to key target states and Congressional districts.
Contacting Government Officials: USA*Engage directly contacts Congressional, Administration, state and local officials.

VoteMatch scoring for the USA*Engage ratings is as follows :

0%-49%: supports trade sanctions;
50%-74%: mixed record on trade engagement;
75%-100%: supports trade engagement.

Source: USA*Engage 2011-2012 ratings on Congress and politicians 2012-USAE on Dec 31, 2012

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*Other governors on Free Trade:*			*John Carney on other issues:*
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