Ellen Tauscher out in the state of California is already drawing the ire of more than a few of here constituents on some of her stands.
If you recall,members of Ellen Tauscher's New Democrat Coalition made a break with their globalist dogma to vote against CAFTA one year ago. This upset the K Street crown just a little. Ever since then, the New Democrats have been trying to play kiss-up with the crowd at the street by assuring them that they will be on-board when future trade agreements come up.
The first sign of the 43-member coalition's efforts came late last week when the New Democrat leadership met privately with high-profile business lobbyists to negotiate the terms of an upcoming free trade agreement with Thailand. Calitics
So what will the ramifications be from the smaller trade bills that are being passed that Tauscher and the New Democrats will be going along with? Well, let's start with the most recent FTA which was passed by the House just a few days ago. David Sirota wrote last Friday about the passage of the Vietnam Free Trade Agreement earlier in the day: The House tonight caved to K Street and passed the Vietnam Free Trade Agreement. I received a copy of the New Democrats' press release trumpeting the passage. Rep. Ellen Tauscher (D-CA) claims that the deal "will help American workers and our economy by opening up a huge market for American industrial and agricultural goods and services."
This is not necessarily correct. the hourly workers in the United States will get no benefit from this bill in any way, shape or form. But more than a few U.S. companies will.
From BusinessWeek comes this quote regarding the benefits to U.S. companies that move over to Vietnam:
A big reason for the change is rock-bottom wages. As labor shortages in some regions of China drive up costs, factory hands in parts of the mainland can earn more than five times the $55 per month that Vietnamese workers in foreign-owned factories are paid. That differential is a big reason why Sparton Corp. (SPA ) of Jackson, Mich., chose Vietnam over China last year when it made its first investment outside North America. It sank $8 million into a 50,000-square-foot plant to produce chemical diagnostic equipment. "I think productivity and quality will far exceed the U.S.," says Jason Craft, managing director of Sparton subsidiary Spartronics Vietnam Co. More HERE
Is this how the New Democrats plan on legislating to help our workers and our economy? Is this how a " real democrat" looks out for us?
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