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Rand Paul on Free Trade

 

  
 


Senate should be involved in trade deals, not just President

Q [to Donald Trump]: You've criticized the TPP, the Trans-Pacific Partnership with 11 Asian countries?

TRUMP: The TPP is horrible deal. It's a deal that was designed for China to come in through the back door. We're losing now over $500 billion in terms of imbalance with China. If you look at the way China in particular takes advantage of the US--it's through currency manipulation. It's not even discussed in the TPP.

PAUL: Hey, you know, we might want to point out China is not part of this deal.

Q: But isn't that part of the problem? That if this deal is not ratified by the Senate, then it would actually give China an opportunity to grow its economic leadership?

PAUL: There is an argument that China doesn't like the deal, because in us doing the deal, we'll be trading with their competitors. But we've missed the point a little bit. It's a mistake that we give up power to the presidency on these trade deals. We give up the power to filibuster, and I'm kind of fond of that power.

Source: Fox Business/WSJ First Tier debate , Nov 10, 2015

China trade improves economy AND makes fight less likely

When I was about ten years old, like many conservative middle-class families, our inclination was to resist anything to do with Red China. In that black and white world, you were either for us or against us. Trade with China was thought to be trade with the enemy. A funny thing happened, though, along the way. Many conservatives came to understand a larger truth. As trade began to blossom with China, many conservatives, myself included, came to admit that trade improves our economic well-being AND makes us less likely to fight. The success of trade with China made many conservatives rethink their view of the world.

People sometimes ask me what my worldview is. My response is that even if you've crisscrossed the globe, I'm not sure that the world doesn't change by the time you return to the same spot twice. I really am a believer that foreign policy must be viewed by events as they present themselves, not as we wish them to be.

Source: Rand Paul OpEd in The National Interest , Jan 16, 2014

Accompany free trade laws with other export inducers

Over the past several years, the President has taken the laudable step of urging Congress to pass free trade laws in order to elevate exports. However, apart from the effort to encourage free trade, the President's efforts to create an environment conducive to competing in a global economy have been largely misguided. The President and the central bank have attempted to increase exports by destroying the value of the dollar here at home.

The President's agenda of increasing taxes on top of a weak dollar policy is inhibiting the country's ability of to compete overseas. One of the fundamental keys to export growth is investment. The correlation between tax rates, investment and export is demonstrated by the tremendous export opportunities and growth of East Asia.

Tax rates affect the investment decisions of firms and individuals by altering the cash flow of investment opportunities, and decrease the return on investment, resulting in overall reduced investment.

Source: A Clear Vision to Revitalize America, by Rand Paul, p. 17-8 , Oct 1, 2013

Participated with Raw Milk Freedom Riders civil disobedience

Small farmers up and down the Mid-Atlantic region are raided at gunpoint by goons from the USDA and FDA. What product were they trafficking in that led to such harsh treatment from their government?

Milk.

In November 2011, my office was happy to participate with the Raw Milk Freedom Riders, who set out to acquire raw milk in protest of raids on small farmers.

The Raw Milk Freedom Riders intentionally purchased and transported raw milk across state lines in violation of federal law.

Civil disobedience. Hunger strikes. Persecuted activists. The food freedom movement has all the hallmarks of the great struggles of the past, and that's because it shares a common enemy with those movements--aggressive and arrogant government.

Source: Government Bullies, by Rand Paul, p.219-221 , Sep 12, 2012

Other candidates on Free Trade: Rand Paul on other issues:

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Page last updated: Nov 30, 2015