TPA touches two challenging problems: one economic, one constitutional. Regarding both, conservatives have special responsibilities.
The economic challenge is to generate economic growth sufficient to restore vigor and upward mobility to an underemployed America, sustaining national security and entitlements as, every day, another 10,000 baby boomers become eligible for Social Security and Medicare. The constitutional problem is how to restore institutional equilibrium by bringing the presidency back within the restraints the Founders devised with the separation of powers.
Only conservatives can turn economic policy away from the self-defeating aim of redistribution, and toward growth. This goal would be advanced by the trade agreement among the twelve nations who together account for 37 percent of the world’s GDP and one-third of world trade. Defeating TPA, and thus the agreement, is a service most House Democrats will perform for a reactionary faction, organized labor. Defeat would, however, make economic dynamism even more elusive, punishing the nation without meaningfully disciplining the president.
This vote comes in the turgid wake of a first quarter in which the economy shrank 0.7 percent — the third quarterly contraction during the anemic recovery that is slouching into its seventh year. The aging recovery began in June 2009; another recession may arrive without there having been a real recovery from the previous one. For Democrats devoted to policies of redistribution, economic growth is an afterthought. Only Republicans can make possible the freer trade that can combat the lingering stagnation that is Barack Obama’s painful legacy.
Via: National Review
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