THE TTALK QUOTES
On Global Trade & Investment
Published Three Times a Week By:
The Global Business Dialogue, Inc.
Washington, DC   Tel: 202-463-5074
Email: Comments@gbdinc.org
No. 43 of 2016
SATURDAY, JULY 2, 2016
Filed from Portland, Oregon

Click here for yesterday quote from Senator Lee's UK Trade Continuity bill.

A New Way to Celebrate the 4th, 
FOR THE FOURTH OF JULY - AN AMERICAN RECIPE

"I have always believed that the special sauce in America's recipe is its openness to trade, to capital, to ideas, and to people."

Christopher Padilla
May 20, 201
CONTEXT
Chris Padilla is the Vice President for Government and Regulatory Affairs at the IBM Corporation, and, as noted in a previous entry, he was one the panelists at GBD's spring conference on Pacific Arrangements.  As someone who had served in senior positions in the Administration of President George W. Bush, Mr. Padilla was asked a question about trade and the Republican party.  The part of his answer that particularly caught our attention was today's quote, which went beyond parties.  Here is more of what he said:

"This country has always been about openness.  I have always believed that the special sauce in America's recipe is its openness to trade, to capital, to ideas, and to people.  And that is the strength of the American experiment.  And we now are facing a fundamental question about whether we still believe that to be the case.  And we'll see what happens in November."
COMMENT
Candidly, we doubt that the decision America's voters make in this fall's presidential election will be either that clear or that definitive.  (If a week is a long time in politics, four months is an eternity.)   Put differently, whatever the electoral results, the policy battles will continue.  Mr. Padilla's special sauce formulation, however, is clear and valuable.  We would add freedom to his recipe, but more about that on Monday.
SOURCES & LINKS
The Business Panel is a reference to the audio tape of the panel with business speakers at  GBD'S May 20 conference on Pacific Arrangements.  This was the source for today's quote. While this recording has not yet been posted on line, it is available to GBD members on request.

TTALK from June 22 takes you to the TTALK Quote from that day, which includes highlights from Chris Padilla's presentation on May 20.

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