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Cory Booker on Free Trade

 

 


China is engaging in unfair trade practices

[All four Democratic candidates] showed few differences in how the US should approach its relationship with China, saying that its economic rise is a good thing but that it is engaging in unfair trade practices.
Source: Star-Ledger coverage of 2013 N.J. Senate debate , Aug 5, 2013

$25B more loans from Export-Import Bank.

Booker 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:

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-S824 on Mar 19, 2015

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Other big-city mayors on Free Trade: Cory Booker on other issues:

Mike Bloomberg (I,New York City)
Cory Booker (D,Newark,NJ)
Julian Castro (D,San Antonio,TX)
Rahm Emanuel (D,Chicago)
Phil Gordon (D,Phoenix)
Tom Menino (D,Boston)
Michael Nutter (D,Philadelphia)
Annise Parker (D,Houston)
Mike Rawlings (D,Dallas)
Jerry Sanders (R,San Diego)
Antonio Villaraigosa (D,Los Angeles)

Former Mayors:
Rocky Anderson (I,Salt Lake City)
Tom Barrett (D,Milwaukee,WI)
Jerry Brown (D,Oakland,CA)
Rudy Giuliani (R,New York City)
Dennis Kucinch (D,Cleveland,OH)
Sarah Palin (R,Wasilla,AK)
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Page last updated: Sep 22, 2016