It would create many jobs. In my personal search for effective free trade rhetoric, second prize goes to Henry George. Think about it. We're enjoying what we at the Dallas Fed call the New-Paradigm Economy. For almost five years now, the economy has had its mojo working.
Growth is faster.
Unemployment is at its lowest in 30 years or so. And without significant cost in inflation. If ever there was a time when free trade should be an easy sell, it's now, at a time of full employment and prosperity, a time of strong growth. Yet, the administration failed to get fast-track authority through Congress. The events in Seattle a few months ago were chilling.