Any jobs America has added in recent months are no reason to be optimistic. The truth is the added jobs are overwhelmingly service-sector jobs not the sort of thing one builds a strong economy in. The true wealth-producing jobs that America used to be famous for elude us still. This is why income inequality is so high, the good jobs have left our shores and we are left to a servant economy with servant jobs.
Tag Archives: korus
While America’s attention remains transfixed on celebrity gossip and sports scores, President Obama is continuing his push for the secret Transatlantic Trade and Investment Partnership (TTIP).
Many 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?
Mitch McConnell is no hero of the people, most of us have known that with his support for “free trade.” Now, McConnell is pressuring U.S. negotiators to ensure that multinational corporations can take part in the dispute settlement portion of the the TPP (Trans-Pacific Partnership).