Policy conference. I am the director of the i amrch center and delighted to introduce the chairman and vice chair of the white House Counsel of Economic Advisors. In preparing for this session, i have a foundational commonality. He is originally from sweden. , am originally from minnesota the land of american swedes. Close enough. Currently on leave from the university of chicago, where he is a professor of public directs thees and program on Foundational Research and Health Care Markets and policies within the Health Economic initiatives. Severald in publicsector positions, including his role as Senior Advisor to the head of the food and Drug Administration and as the senior Economic Advisor to the head of the centers for medicare and medicaid services. He also served as the Health Care Advisor for senator john mccain during his president ial campaign. Thank you so much for joining us today. Start, it says on wikipedia that the chairman writes all 300 pages. If you would, please take
I would like to call the committee to order. Considereting today to the u. S. Mexico Canada Agreement implementation act. He isnder is not here but a new member of the committee. He has joined the committee on one of the most important pieces of legislation that we can do this year. The senator asve a new member of the committee. 2019, the senate received the house of representatives received the agreement. E usmca under fasttrack rules, the committee cannot amend the bill. We will vote today only on whether to report the bill before the bill. Before we vote, senators who wish to make statements may do so. And interest of time, i ask that the statements be limited to three minutes. I know that my staff has had a discussion with everybodys staff about that. Satisfactoryill be to the members. Scheduled, so i think it is important that we get this done this morning. I think that we can. After statements, i will introduce staff and Administration Officials to provide an overview of the bil
They can come up immediately after each other without my introducing them. We had chairman risch of the Foreign Relations committee, chairman wicker of commerce and chairman are also of the environment. We are here because the Senate Finance committee has voted on usmc a out o mca out of committ. A very strong bipartisan vote we expect the same bipartisan vote on the floor of the United States senate when it gets up there under the parliamentary parliamentarians decision it was referred to several other committees. These committees are going to hear from some of those chairmen, but in the meantime, it takes just a short period of time for them to do what they have to do on it to get it moving. But, i do not see that as an impediment to getting the u. S. Mca passed, and the only unknown thing is whether we are in the impeachment or otherwise. The u. S. Mca is very good for agriculture. My state of iowa is number one in the production as an example, or the wheat growing states in the mid
The center of this agreement but every trade agreement that ive seen in my timey in Congress North American Free trade agreement central American Free trade agreement trade agreement with Columbia South korea and kenema one after another permanent trade relations with china. Everyone of these tradese actios were written fundamentally in secret by corporate interests to serve corporate interests. Workers were never at the center of these trade agreement. One of my votes in the house was against the north American Free trade agreement. I votedtt no for sense because these trade agreements were written by corporations maximize profitspe and to enrich stockholders always at the expense of workers. Communities like mansfield ohio and portsmouth ohio in toledo and youngstown. I was talking to a friend of mine and she knows former senator cafaro knows whats happening with these trade agreements. We all know how they undermines communities and always again because these trade agreements were r
Economic update so professor the market has just kind of shrugged off this entire conflict between iran and the u. S. Its now hitting all time highs and essentially concluding that honor has been served in the middle east and everyone can move along now what do you think is this really over or is merely a teaser and the other shoe just hasnt dropped yet. You know its a complicated story on the one hand the markets are right of course this was see it or it was see it or on new years to assassinate a foreign general when he is leave it in his own country a person who has that an adversary for a long a person carrying a diplomatic passport which means you can give his car a ticket let alone kill him a very bizarre action and the world looks at this as a kind of roll Good Behavior which is the truth everywhere except in the media. Year on the other hand the iranians having to look like theyre doing something in response send missiles that dont get to the target theyre ostensibly aimed at s