Many are now starting to believe that the media has been lying to us. We have heard that “free trade” agreements have been delivering good results to us, when in reality, the facts show us that its been the opposite. Penny Pritzker, U.S. Secretary of Commerce has spoken up about the U.S.-Korea Free Trade Agreement (KORUS) and has talked about supposed “tangible results.” The only “tangible results” we have seen are the trade deficit increase of over 55 billion with South Korea, a decrease in our exports, and although some tariffs were eliminated, our goods still face the 10 percent Value Added Tax. Are these the results that Pritzker is boasting about?
Tag Archives: korus
President Barack Obama isn’t relenting in his pursuit of ensuring that the dangerous Trans-Pacific Partnership (TPP) gets passed. After years of negotiations the president is now hoping that the Republican-led Congress will give him the authority he needs to pass this disastrous agreement. We can only assume that those pushing for passage of this agreement have either sold out or are uninformed about the devastation that this agreement will have on our economy.
The 2016 elections are around the corner. Candidates are lining up for their shot at the White House and for Congress. Now is the time to inform ourselves of who these candidates are and what they stand for. We need to find out if their best interest is really in bettering America, or if they are in it to make a couple multinationals happy. Senator Rob Portman (R-OH), for example, is not fit to run this country nor lead Ohio. Just by looking at his voting record we can see that Portman’s best interest isn’t the American public. Here are eight red flags on Portman’s voting record.
The wealth gap between the rich and the poor in the United States has been widening for far too long and has finally reached a 100-year high. “By some estimates, income and wealth inequality are near their highest levels in the past hundred years,” said Federal Reserve chief Janet Yellen. “I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.” As the rich get richer and the poor get poorer, our economy is sinking and it is sinking fast.
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.