Despite the fact the United States operated for years with normal trade negotiations, the president is now asking for fast-track trade authority to push new agreements like the Trans-Pacific Partnership (TPP) through Congress. Sources are saying that Congress may be voting to give the president unconstitutional fast track authority this week! This would be the final nail in the coffin for U.S. sovereignty. This is the same process that was used to push through trade agreements with South Korea (KORUS), Colombia and Panama, which have been disastrous for the United States.
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Our leaders consistently pursue new “free trade” deals despite the fact that our previous deals have been abject failures.
It’s No Secret That President Obama’s “Free Trade” Agenda Is A Threat To The Economic Stability Of America
All we have to do is look to examples like NAFTA and KORUS to witness the devastation that “free trade” agreements have on an economy. They send jobs overseas, increase trade deficits and national debt, encourage off-shoring, and allow a flood of potentially harmful imports into our markets. More alarming is that “free trade” agreements take power away from the people, and give it to giant corporations who make billions off of these agreements.
The longer the United States runs a trade deficit, the more damage we do to our country. Our massive trade deficit is sending hundreds of billions of American dollars overseas every year. Our “free trade” deals have put our manufacturers out of business, and they have made the American public reliant on foreign producers to meet their everyday needs. As we spend more money on foreign goods, there is less money available to be reinvested in American manufacturing.
As President Obama continues his crusade to gather support for his pet project, the Trans-Pacific Partnership (TPP), one thing is becoming increasingly clear as more and more is revealed about the highly secretive, damaging “free trade” agreement — the TPP will threaten the existence of the “Buy American” movement.