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By JOHN MURPHY - U.S. CHAMBER OF COMMERCE | 10/10/08 2:47 PM EDT Trade agreements are a tool for boosting the American economy that the next president will certainly want to employ. Clearly the first step to take for the economy is to address the immediate crisis. The recent rescue bill began the process and we must continue to search for answers on how best to shore up the economy in the short-term. The next step will be to look longer term, and part of the answer is clear, trade. On the campaign trail this year, trade has been blamed for a wide variety of economic woes. But, in reality, trade is proving to be a lifeline for the U.S. economy. Exports accounted for two-thirds of America’s economic growth in the year ending on June 30. These results show the success of America’s trade agreements. In the first half of 2008, 40... [read full story]
