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John Delaney on Free Trade

Democratic candidate for President; U.S. Rep from MD-6

 


Supports the Trans-Pacific Partnership

Source: PBS News hour on 2020 Presidential hopefuls , Feb 4, 2019

Supports trade but government must help those it has hurt

Solidly built and impeccably tailored, Delaney, 55, is a Democrat who believes in what he has lived: upward mobility, with assistance. He recognizes the obvious, that globalization has been "extraordinarily positive" for billions more people than it has injured, but its American casualties are real and deserve government help.
Source: Elaine Godfrey in The Atlantic: 2020 presidential hopefuls , Dec 10, 2018

$25B more loans from Export-Import Bank.

Delaney co-sponsored H.R.1031 & S.824

This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.

Source: Promoting U.S. Jobs Through Exports Act 15-HR1031 on Feb 24, 2015

Other candidates on Free Trade: John Delaney on other issues:
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Rep.John Delaney (D-MD)
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Page last updated: Jun 02, 2019