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Fair Trade or Free Trade?

Source: http://feeds.feedburner.com/~r/ElectionStocks/~3/342843853/
Posted on Tuesday, July 22nd, 2008 | In Current Market News, Politics & Your Money
Contributed by: Jeffrey Miller (http://www.oldprof.typepad.com) -

Obama supports fair trade; McCain free. On trade, the two candidates seem like polar opposites. However, since both candidates did not fair very well with workers in the primaries, they haven’t been speaking much on trade.

Bloomberg.com had a great article discussing the trade issue. Trade can be a complex issue; even workers who benefit from trade don’t know quite what to think:

Matt Louiso, 53, president of the International Association of Machinists union local at the GE plant, says he and many of his co-workers don’t know exactly what that means.

“Trade is good for some people like us, but it’s bad that other American jobs are leaving the country. I’m so mixed up; I don’t know who I’m going to vote for.’’

Unfortunately, the candidates aren’t doing much to help clear up the confusion. “Since becoming the presumptive Democratic nominee, [Obama] has been mostly silent on trade, unless asked.” And McCain, while straightforward, hasn’t cleared up doubts about US worker’s job security. The only thing we can do is hope the reporters start asking the right questions soon.

Last 5 posts by Jeffrey Miller





About Jeffrey Miller (http://www.oldprof.typepad.com)
Jeffrey A. Miller, Ph.D. is a former college professor with a hands-on, real world attitude. His quantitative modeling helped inform state and local officials in Wisconsin for more than a decade. A Public Policy analyst, he taught advanced research methods at the University of Wisconsin, and analyzed many issues related to state tax policy.

In 1987 Jeff began work for market makers at the Chicago Board Options Exchange. His approach included finding anomalies in the standard option pricing models and developing new forecasting techniques. Merging these quantitative techniques with specific company analysis, Jeff also generated trading ideas from sell-side analyst reports.

Through his years of experience in trading options, futures and equities, Jeff has come to be regarded as an expert in interpreting the effect of news on the markets and individual stocks. Jeff has served as a forensic expert in several cases involving such issues. He has also written a series of papers on investment management, describing both quantitative methods and those related to behavioral economics.

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