InvestorsHub Logo
Followers 7
Posts 6639
Boards Moderated 0
Alias Born 09/27/2001

Re: None

Friday, 04/25/2008 12:00:48 PM

Friday, April 25, 2008 12:00:48 PM

Post# of 495952
WANT TO HELP NEW ORLEANS? Support free trade!

Is there any city for which congressional Democrats claim more concern than New Orleans? So why are they denying the Katrina-ravaged city a major opportunity for recovery by shutting out Colombian free trade? . . . The mayor of the hurricane-hit city made an impassioned plea to Congress to pass the Colombia free trade agreement for New Orleans' sake. He knows how badly his city needs every break it can get, three years after the biggest disaster to ever hit a U.S. metropolitan area. . . .

"New Orleans is becoming an even greater international city in the wake of Hurricane Katrina," Nagin wrote to House Speaker Nancy Pelosi last November, "and we are making every effort to capitalize on trade liberalization that will flow from these FTAs (free trade agreements). Our port system is ideally situated to take advantage of the Latin American FTAs."

Congress is unmoved because free trade produces less graft than massive aid projects. But it's funny that this hasn't gotten much attention from the press.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.