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Al Franken on Free Trade

DFL Jr Senator (MN)

  
 


Im a fair trader; enforce labor, safety, & environment

We should re-examine the economic and trade policies that have contributed to illegal immigration. Working to improve economic conditions in Mexico, which weve tried and failed to do with NAFTA, could help reduce the incentive many have to attempt to enter the United States illegally. A hard days work should earn a decent days pay.

Im a fair trader. Ill insist that our trade agreements include enforceable labor, safety, and environmental standards.

Source: 2008 Senate campaign website, www.AlFranken.com, Issues , Mar 9, 2008

$25B more loans from Export-Import Bank.

Franken 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

Rated 38% by the USAE, indicating support for trade sanctions.

Franken scores 38% 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."

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

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

Other candidates on Free Trade: Al Franken on other issues:
MN Gubernatorial:
Mark Dayton
MN Senatorial:
Amy Klobuchar
Heather Johnson
Jim Abeler
Mike McFadden

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Page last updated: Jan 12, 2016