November 22, 2008
Posted: 12:13 PM ET
President George W. Bush attends the APEC Summitt in Lima, Peru.
President George W. Bush attends the APEC Summitt in Lima, Peru.

LIMA, Peru (CNN) – President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.

"One of the enduring lessons of the Great Depression is that global protectionism is a path to global economic ruin," Bush told the annual meeting of the 21-nation Asia-Pacific Economic Cooperation (APEC) forum in the capital, Lima.

"I recognize I'm leaving office in two months," Bush said as he discussed the Doha trade talks, which were launched in 2001 to help liberalize international trade policies, "but nevertheless this administration will push hard … so that Doha can be completed and so we can send a message — we refuse to accept protectionism in the 21st century."

Touting his record on free trade, Bush said, "Expanding trade and investment hs been one of the highest priorities of my administration.

"When I took office, America had free trade agreements in force with only three nations. Today we have agreements in force with 14."

Bush said that during his administration, "America's trade with the world has grown from 2.5 to 4 trillion dollars — an increase of 60 percent."

Among APEC member nations, he cited Chile and Peru as more than doubling their trade with the United States during his time in office, and trade with China more than tripling.

"Overall America's trade with APEC nations now accounts for nearly two thirds of our trade in the world," Bush said.

Bush chided the U.S. Congress, saying it was "extremely disappointing" that lawmakers adjourned without passing new trade agreements between the United States and Colombia, Panama and South Korea.

"I urge all those who support free trade to continue to press the case for the Congress to pass free trade agreements with Colombia and Panama and South Korea," he said, drawing applause from his audience.

Referring to the global financial crisis, Bush said, "Recovering from the financial crisis is going to take time. But we'll recover, and in so doing begin a new era of prosperity. The nations of APEC have faced tests before. We have risen to meet them together and we will do so again."

Bush's attendance at the APEC meeting marked his eighth year of meeting with and speaking to economic leaders from a diverse group of countries ranging from Thailand to Mexico, Chile to China.

Bush came to the APEC meeting seeking to build on the results of a historic two-day meeting in Washington earlier this month attended by presidents and prime ministers from 20 countries. At that meeting, world leaders unveiled a set of sweeping plans aimed at tackling the ever-expanding economic crisis, which has roiled financial markets worldwide.

The final 3,600-word announcement from that Group of 20 meeting in Washington endorsed several stimulative measures, including interest rate cuts by central banks around the globe or potential economic stimulus packages.

Leaders who met in Washington also agreed not to raise new trade barriers over the next 12 months and vowed to reach a resolution on the Doha trade talks.

Filed under: APEC • President Bush


Brendan H., San Antonio, TX   November 23rd, 2008 12:38 pm ET

Personal to Monica L:

Clinton inherited Somalia from Bush, Sr – should never have goine there!

And Clinton sought appropriations for the CIA, by law, on three occasions to get bin Laden and al Qaeda, but was accused of "waggin' the dog" by the GOP and Trent Lott and enied the funds!

Next time, use facts.

Brendan H., San Antonio, TX   November 23rd, 2008 12:34 pm ET

All you need to know about Bush is in this quote from the nitwit yesterday…"Lima?…Why I love their beans!"

Peter (CA)   November 22nd, 2008 5:13 pm ET

gary n.—right on!

And that is where your argument falls apart, Patrick. Complete free trade only works when there is a level playing field. When the standard of living is higher in one country than another, the first will suffer as the second prospers. The US and India are an example.

Monica—as a Democrat who voted for Clinton, Gore, Kerry, and Obama, I know Clinton made mistakes with "free trade" BUT Bush and Co. magnified every misstep and added to them with more agreements, allowing more companies to move their manufacturing, while spending us the the brink of bankruptcy.

TonyQ   November 22nd, 2008 5:03 pm ET

I like Gail Collins's idea. Bush and Cheney should resign now, let Nancy Pelosi become president and enact Obama's agenda starting today, letting him take over on January 20. The problem in the world markets is confidence, and Bush's presence, blabbing about the value of the free market when the problem is the market was too free, is not confidence building for anyone.

lakeside176   November 22nd, 2008 5:02 pm ET

Monica L……..Y ou 've been watching the Faux New Network again. Get a life and the real answers. The Faux News Network should be banned from the airwaves.

pam Eugene OR   November 22nd, 2008 4:55 pm ET

Free trade is all fine and well AFTER we get our own house in order. You can't even contact any credit card company and speak to people from America. We trade with a lot of countries that do not pay living wages and so not care about human rights. We need all the jobs we can get here in the USA and it is hard to believe that Bush is so proud of out sourcing so many.
I know Clinton started this with NAFTA but it was a bad idea then and Bush only made it worse.
Most of our politicians have never worked for a real paycheck and have no idea what it is like to be out of work and broke. When your children are hungry and you can't afford to turn on the heat and you get a call from a collector with an accent you can't understand it is pretty crazy!

Jen, Cali   November 22nd, 2008 4:50 pm ET

All of you who know better and have all the answers — run for office !!!!!!!!!!!

Jen, Cali   November 22nd, 2008 4:37 pm ET

The Apostate November 22nd, 2008 3:19 pm ET
______________________

Do you know what "Apostate" means?

"One who has abandoned one's religious faith, a political party, one's principles, or a cause. "

That's not much of a "prize," is it ?????????

jim   November 22nd, 2008 4:34 pm ET

To Monica and Patrick:
I guess you two are part of the 19% that think Bush is still doing a good job. Get over it, conservatism has shown what it will do to the American people and it isn't nice unless you are in that upper 1% tax bracket. Now for the reason our jobs are being shipped over seas is because we do not have a mandatory health care system. Until we do all US corporations are going to continue to ship jobs overseas. High tax rates on business has nothing to do with our jobs going overseas and not because "every American expects $30 an hr to do a job a third grader can do" (Monica) It's because since their is no mandatory health care system the companies can't afford to pay the high cost of taking care of their loyal workers who retire anymore. It's cheaper to ship their items from overseas than it is to take care of employees that retire. They send the jobs over seas because all of those countries use and abuse their work force. When they start to decline in productivity they just throw them away. Stop with the crap against the American worker. It is conservatism and corporate greed that has destroyed this country not labor unions and the American worker.

J.C.   November 22nd, 2008 4:27 pm ET

We will not be able to compete globally unless we seriously revamp our education and take care of our healthcare problems. When our college graduate still has to use his or her fingers to count numbers, you know something is terribly wrong in our education. We shipped just about all the low level jobs overseas, but we don't have well trained higher level workers to move us into high tech. We should reimburse tuition directly to the auto workers in Detroit for getting more education, not to the CEOs of the three automakers. They should have been fired long ago.

J.C.   November 22nd, 2008 4:19 pm ET

It seems nobody is happy with what they have got. We don't like the tainted Chinese imports and the trillions of deficit, while the Chinese said they aren't happy with the pollution we gave them. The finished or unfinished goods have to be shipped across the oceans, which adds to the global warming problem we recognized today. We have to throw out the junk or tainted goods and add more piles to our landfills. What's the point of making everyone unhappy by trading globally?

This globalization uprooted lots of migrant workers from farming in the remote regions of China. Now they have got nothing if they lose their jobs in this recession. Here, many of us already lost jobs due to the economic downturn. This is the penalty of maximizing profits we are seeing today. When will we know we have had enough?

Chaco   November 22nd, 2008 4:16 pm ET

BK – Obama is for Fair Trade, there is a big difference.

jim   November 22nd, 2008 4:08 pm ET

Can this loser stay in a locked room somewhere until it's time for him to leave? Why is he still trying to screw things up?

The economy is a disaster and he is telling the world how things should be done!! AAAhhhh!! Someone put duct tape on his mouth!!

Also, Clinton did start it, but Kerry wanted to stop it. We kept Bush in office instead, and he perfected it. How many jobs went overseas over the last 8 years, and how does free trade help us? By screwing things up so much we have to give 700 billion of our money to help the rich?

Please, someone drag him from the room!!

Shut up until it's time for you to finally go!!

Carmine Abbattiello   November 22nd, 2008 3:59 pm ET

Bush is a lame duck in every sense. One could feel sorry for him except for the fact that he, Cheney and Rumsfeld brought us to brink of ruination.

Dianne   November 22nd, 2008 3:54 pm ET

Bush, haven't you done enough damage? You will not be happy until you leave us as a third world country. You will not speak about the situation here in the USA, but you can speak in another country will we are suffering. Go back to Maine. Why do you allow these countries to sell USA products 10 times higher next to theirs. Japan is a prime example.

Credit Card Republicans   November 22nd, 2008 3:43 pm ET

How much do you make Monica?How much do you think your son is going to make in 8 years?You must have one of the elite and un touchable jobs,at least in your own mind.I hope your job is insourced or outsourced and your wage dropped to $5.00 an hour or less.Its easy to run your mouth on here when you think your in the safty zone.

Ray from NY   November 22nd, 2008 3:37 pm ET

Wellllllllll, He had to say something "positive" didn't he? Who cares if we have free trade with 14 diff countries now? we need those jobs back here!! TG he is only in office for 2 more months, How much more damage will he do tho?

The Apostate   November 22nd, 2008 3:19 pm ET

Patrick says, "But by opening up free trade we help 10 times the number of people that get hurt. "

Right – ask that to any worker in a country in which the Unites States has a free trade or similar deal with. Ask them how much it has helped.
Do your homework on the outcome of globalization, or simply look around.

Bridg   November 22nd, 2008 3:17 pm ET

Why is he still around?? He's like the dinner guest who's warn out is welcome. Please vanish into obscurity you big zero!

Maggie SC   November 22nd, 2008 3:16 pm ET

Get real, Bertha, you may wish yoiu could hear him again befoer it is all over with. President Bush has done great things for our country. Only the ignorant and ileterate cannot see that. He is for freedom in our countgry and what he has done is protect us from our enemies for 8 years without bowing down and scraping to the enemies. He has kept our military strong and stands behind our defense system. The democrats will wish they had asomething to shield them from when the big nuclear attacks come if the defense system is not finished and kept inplace.

1984   November 22nd, 2008 3:14 pm ET

Its just going to be one big happy world.One percent rich and 99% in poverty.

George H W Bhush.   November 22nd, 2008 3:13 pm ET

I think we all American should pay someone in peru…don't let this guy go away and keep him there forever. that will be free trade market for
Peru.

Jack   November 22nd, 2008 3:12 pm ET

Hopefully, this will be the last International trip for the Village Idiot before he hops the bus back to Texas. Can't wait until the moving trucks leave the driveway at 1600 Pennsylvania Avenue for Crawford, TX !!!!

By the way, can Barack start early?????? PLEASE???

G.R.I.T.S - Girl Raised in the South   November 22nd, 2008 3:09 pm ET

Yes, Clinton signed NAFTA, but Bush doesn't have to continue that ruinous policy.

In addition, Bush is now pushing regulations on a woman's reproductive health – birth control, etc. These are things he has no business interfering in. Can't wait 'til he's gone!

Jumbo Joe From NYC !!!!!!!!!!   November 22nd, 2008 3:06 pm ET

I don't think other leaders of the world are listening this guy….he is pushing is luck. i guess we still have to put up with this guy for 2 more
month. what a idiot……….

FreeNLovIt   November 22nd, 2008 3:05 pm ET

It's amazing how he keeps promoting FAILED policies.

FreeNLovIt   November 22nd, 2008 3:05 pm ET

Okay, I READ Obama's economic plan over and over. I'm in IT. Do I now have to pick up a shovel? Thank you for those manual labor jobs, but they're not good enough to grow the economy. Someone told me that under Clinton, he allowed X amount of jobs to be offshored, so we had IT jobs. With W in office, MOST of the IT jobs were offshored or outsourced -offshored. For example, Blue Cross Blue Shield, outsourced most of their mainframe jobs to IBM. In return, IBM just offshored it. Bottomline, stop bleeding TECHNO jobs overseas unless we are all employed first. We pay taxes so we should be offered jobs first before any offshore.

Thank you for free trade, but remember, we pay taxes so jobs should try to stay here…

Richard CANADA   November 22nd, 2008 3:00 pm ET

Hello Bush cripple the world market.Him and his gangs should be impeach.I here Bush want to pardon Conrad Black is this true.

Patrick   November 22nd, 2008 2:58 pm ET

It's amazing how selfish people can be. Sure we can be a protectionist country and MAYBE save a few jobs. But by opening up free trade we help 10 times the number of people that get hurt. But people are selfish and only see things in the prism of their own daily lives. We are one people sharing this world. What is good for everyone is good for us. Free trade is what we need more of.

Bertha Vanation   November 22nd, 2008 2:57 pm ET

Bush? Bush who? Oh, him? Who cares?

Joyce in Indiana   November 22nd, 2008 2:51 pm ET

All free trade agreements should be contingent upon the country who wishes to export to the US ensuring a living wage for workers, reasonable effective health and safety requirements, both for the workers and the products, appropriately stringent environmental practices in the factories and their suppliers, and true freedom in their markets for US goods. Otherwise, no dice. There is no real free trade without fair trade.

aaa   November 22nd, 2008 2:50 pm ET

free trade is bad!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

aaa   November 22nd, 2008 2:49 pm ET

evil bush

facts are facts   November 22nd, 2008 2:33 pm ET

It just amazes me how ordinary people can believe free trade helps their economic situations. The U.S. and Canada cannot compete with Mexico and the Asian and 3rd world countries unless we lower our working and living standards to what exists in those countries.

People that think the Autoworkers should lower their wages to match those at Walmart are as much to blame for the poverty as is Bush and his gang of thiefs.

MN observer   November 22nd, 2008 2:29 pm ET

Well said all of you. I just don't understand how he can be so proud of his 14 trade agreements when our people are jobless, our businesses are closing and our economy is in the toliet. He is totally clueless and it is so disheartening to realize we not only gave him 4 years to do his damage but gave him 8 years. I say 'we' even though I DID NOT vote for him either time. It was 'we the people' who did it.

Our country is totally without a leader right now! Please God, help us!

Optimistic Again   November 22nd, 2008 2:26 pm ET

I love when Dubya runs on his record.

Nice work, dingus.

mary dale   November 22nd, 2008 2:20 pm ET

go away now before you ruin anything else you idiot. How hard it must be for leaders of other nations to be polite to the man who has brought economic collapse the world over due to his great plan.

Steve from TN   November 22nd, 2008 2:18 pm ET

Shrub merely continued Clinton's ruinous trade policy. Obama appears to be another Wall St. puppet if his recent appointments are any indication of coming events. I admit I voted for O for change, but appointting Hill at state gives me a really bad feeling. These Clintons are sick to death in love with themselves. Why people continue to hold them in such high regard is puzzling. Play it forward O, not backwards.

Mike in Toronto   November 22nd, 2008 2:05 pm ET

This guy just amazes me with his indifference and moronic cluelessness. His country is reeling from the effects of his inept policies–but no leadership is coming from the White House during the worst economic crisis in memory. Instead he hides and chooses to lecture foreign governments on the benefits of free trade! The poor shmuck must really believe what the hard core neocons keep feeding him. I'd be tempted to say all those who voted for him a SECOND time got exactly what they asked for—except his mismanagement has hurt us all.

Craig Shaver   November 22nd, 2008 2:01 pm ET

Please, tell me we didn't let this moron leave the country and talk to foreign leaders again…

Next thing you know Condoleeza will be back be threatening to bomb Iran on the Sunday morning news programs and oil will be at $147 a barrel.

maurice   November 22nd, 2008 2:00 pm ET

im with gary on this 1. it`s a no brainer. folks call your state reps and tell them you dont want or need their free trade. it`s already cost us 100`s of thousands of jobs.

Francis, Hawaii   November 22nd, 2008 2:00 pm ET

Bush should be in the United States instead of flying off to Peru. This is the kind of mentality he has, poor priority. We have bigger economic problem at home and he is doing nothing to help the cause. He should resign his office before his rating goes down more. Just bidding this time for over a month is too long since gutless Congress to impeach him.

Barbara in NC   November 22nd, 2008 1:59 pm ET

How many more jobs can he give away in the next 28 days? Somebody please hog tie him in his residential area at the white house and don't let him loose until January 20, 2009 after Barack Obama is inaugurated !!

happy thanksgiving   November 22nd, 2008 1:54 pm ET

Another bank was shut down in georgia, this is scary times we are living in. georgia vote jim martin.

MK   November 22nd, 2008 1:53 pm ET

Did he say all that with a straight face?

Monica L.   November 22nd, 2008 1:48 pm ET

I would just like to remind everyone that Clinton signed the free trade agreement, Clinton deregulated the mortgage industry, Clinton did not allow a military strike on Bin Laden when we had a chance, Clinton pulled our troops out of Somalia (now another terrorist breeding ground).

Yet this is all Bush's fault??

RML – All the jobs are leaving this country because American workers expect to get paid $30/hr for a job my ten year old son could do.

Anonymous   November 22nd, 2008 1:36 pm ET

And this ladies and gentlemen is why our jobs have been sent over seas, we no longer make anything in america and the american dollar has become worthless. Please, can't we just pack him up and move him out before we are flushed down the royal sewer . He won't be happy until he leaves the United States totally crippled., broke, and chained up in Iraq.

george   November 22nd, 2008 1:36 pm ET

Its the new World Order ! get over it

Katja   November 22nd, 2008 1:28 pm ET

The thing is, protectionism does work, in America at least. Americans are the worlds biggest consumers and we love buying exotic things from other countries, so if American workers have jobs and money, we WILL trade with the world. Freely.

Cheryl   November 22nd, 2008 1:27 pm ET

This idiot will continue to try installing his FAILED policies right up until the last minute. This arrogant jerk is so stupid he has no clue what he's done.

Go home to texas bushie and I hope to never see your smirking face or hear your disgraced name again.

bk   November 22nd, 2008 1:26 pm ET

Obama is for free trade too.

vic   November 22nd, 2008 1:19 pm ET

We have also lost nearly all the manufacturing jobs in the US, Mr. Bush.
Free Trade has its place, but, too much is TOO MUCH!
Bring jobs back to America.

Steve   November 22nd, 2008 1:17 pm ET

Once again Bush proves that he can read a speech (haltiingly…..Daddy Bush must be incredibly proud of how all the money he spent on private schools and ivy league colleges produced such a scholar). He really needs to check his facts (hasn't done it in eight years..why start now).

I would guess that Bush's credibilty around the world is about zero. Had he said in his speech, "I have been the king of the world for eigh years." he would have received polite applause. No one is paying attention any more, George.

JESUINO LEDUINO ROSA   November 22nd, 2008 1:16 pm ET

god help the us.

chuck   November 22nd, 2008 1:15 pm ET

Can anyone in their right mind trust this guy ???????

Voter for Change   November 22nd, 2008 1:11 pm ET

Former President Clinton started NAFTA (Canada Mexico China)
President Bush continued with NAFTA!!!!!!!!!

Remember Clinton and Bush helped the USA workers get fired and the USA executives get the rewards for shipping jobs out of the United States of America!!!!!!!!!!!!!!!!!!!

How did our jobs get shipped out of the USA????

Bill Charlotte,NC   November 22nd, 2008 1:06 pm ET

How much we we have to pay Peru to keep him until 01/20/09?

RML   November 22nd, 2008 12:58 pm ET

Before he took office we weren't in economic ruin, now we are…so exactly how successful has expanding free trade?? Amazing how he continues to pat himself on the back but the results of his presidency have left a legacy that will not bring fond memories…

gary n.   November 22nd, 2008 12:57 pm ET

And that's why all the jobs have left this country. There's a difference between free trade and fair trade. We have not been on the receiving end of ' fair trade ' since before Reagan. Every administration starting with Regan and including Clinton has been very pro-business. Unfortunately for us it's been pro-FORIEGN business as opposed to Pro-USA business. And that is why the economy is where it's at today. These clowns have been giving the farm away for years.

58 old ladies   November 22nd, 2008 12:53 pm ET

ONLY THE GOOD LORD KNOW, WHY BUSH EVEN

BOTHERS TO PRETEND HE IS OF ANY GOOD USE.

Roger   November 22nd, 2008 12:51 pm ET

He said we had 3 Free Trade Agreements when he took office and now here we are 11 Free Trade Agreements and 8 years later with our economy in the tank. Does this man not realize that he screwed up?

David Goldman   November 22nd, 2008 12:50 pm ET

BUSH TAKING CARE OF OUR BUSINESS AGAIN ?

HE SHOULD QUIT. IT WOULD BE THE ONLY GOOD

THING HE HAS DONE SINCE HE STOLE THE ELECTION.

Dr.Mimi De La Cruz   November 22nd, 2008 12:47 pm ET

LOOKS LIKE BUSH BORROWED AN OBAMA BLUE TIE.

TOO BAD HE DIDN'T BORROW AN OBAMA BRAIN, AS WELL.

OR HOW ABOUT SOME OBAMA HONESTY, INTEGRITY OR

JUST ABOUT ANYONE'S EXCEPT HIS BUSH MORONS'.

Angie-OHIO   November 22nd, 2008 12:45 pm ET

i wish he would just go away. plz don't let him and crazy cheney do anymore damage. just shut up and go into a dark room until 1/20/2009/. plzzzzzzzzzzzzzzzzzzzzzzz.

Ken in NC   November 22nd, 2008 12:44 pm ET

hello

Ed, Santa Fe, NM   November 22nd, 2008 12:41 pm ET

OH SHUT UP AND GO AWAY….

Squeeze in one more overseas trip at public expense before you head for your safety ranch in Paraguay….

Meka   November 22nd, 2008 12:39 pm ET

Has Bush not done enough, to Cripple the US Economy. Where are the 'Impeachment Papers'?

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