By looking at cold hard evidence of how “free trade” deals have negatively impacted the U.S. economy, we often wonder how it’s possible that our elected leaders want more. President Obama is asking Congress to give him Fast Track in order to ram through Congress 3 huge trade deals, which one of them alone encompasses 40 percent of world GDP and 25 percent of world trade. By looking at the U.S.-Korean Free Trade Deal (KORUS), President Obama promised that it would increase U.S. goods by $11 billion which would support 70,000 jobs. A couple years later we’ve actually seen exports decline with South Korea, while our trade deficit has increased and we’ve lost 60,000 jobs.
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Many are starting to believe that our Commander-In-Chief is scheming with paid corporate lobbyists to pass new “free trade” agreements that aren’t so much about trade as it is about setting up a new One World Global Government, with giant corporations in charge. These agreements are known as the Trans-Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (TTIP), and Trade in Services Agreement (TISA). The agreement is between the U.S. and 11 other countries including third world countries like Vietnam and Brunei.
Just how many economy-killing “free trade” agreements is our so-called Commander-in-Chief going to sign America up for? It should be noted that “free trade” agreements in the past haven’t exactly played out to the benefit of the average American.
Our leaders consistently pursue new “free trade” deals despite the fact that our previous deals have been abject failures.
Americans now have to compete with workers who make only a small fraction of what workers in the United States are paid. This has forced us to outsource much of our manufacturing, leaving us unable to produce for ourselves.