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Fund on Colombia FTA

April 7th, 2008 by Press Staff

John Fund’s piece in the Wall Street Journal today show’s just what the Colombia Free Trade agreement means to our future:

“If Congress rejects it, the loss wouldn’t be just measured in dollors or pesos. It could have profound geopolitical effects that would hurt the U.S.

“Colombia is a democratic ally of the U.S. in a tough neighborhood. Alvaro Uribe, its president, has been battling a left-wing insurgency that has used kidnapping, murder and drug trafficking in an attempt to overthrow his government. An impressive body of evidence shows the insurgents, known as the FARC, have been encouraged and financed by Venezuela’s strongman, Hugo Chavez. Mr. Chavez, who already has allies in charge of Bolivia, Ecuador, and Nicaragua, would love to extend his influence in Latin America.”

He also does a good job of countering the tired Democrat attacks on the agreement.

“…the Uribe government has made great strides in reducing violence in Colombia. Since 2001, the number of kidnappings has dropped by over 80%, acts of terror are down over 75%, and the murder rate associated with trade unionists is down almost 80%.”

“The simple truth is that the opposition to the trade agreement–from the Democratic presidential contenders to House Speaker Nancy Pelosi–has nothing to do with reality. Rep. Charles Rangel, chairman of the House Ways and Means Committee, admitted as much recently: ‘It’s not the substance on the ground–it’s the politics in the air.’”

To read the full article, click here.