It is no secret that the United States’ trade deficit is through the roof. We have an alarming number of loans from foreign governments. Unfortunately, this places us in an unfavorable position because it allows other countries to influence our economic decisions. In fact, laws regulating what other countries can ship into the United States have been eliminated due to one-way “free-trade” agreements like NAFTA and the KORUS FTA.
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If an enemy was seeking to hire someone to destroy America he might have hired the political leaders who created the foreign, undemocratic World Trade Organization (WTO), job killing North American “Free Trade” Agreement (NAFTA), the disastrous Korean-U.S. “Free Trade” Agreement (KORUS FTA) and the pending unholy trinity of trade agreements – the TPP, TTIP and TISA.
The Trans-Pacific Partnership is a “free trade” agreement that, if passed, would unite the economies of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico, Canada and the United States. Even Japan has recently signed on to the negotiations.
The American middle class has been decimated by decades of policies that put the interests of a few wealthy individuals above the best interests of America as a whole. NAFTA, CAFTA, KORUS, the WTO– these agreements have all served to enrich a few individuals who gain wealth by importing cheap goods into the United States. Meanwhile we have seen our good, middle-class jobs shipped overseas to countries with wage rates often below $4 per hour.
Free trade sounds nice, but it is an extremely misleading policy. In actuality the practice has wrought havoc on the American economy. It appears as though our leaders are either apathetic or clueless when it comes to the United States’ involvement with free trade agreements (FTAs). In fact, “free trade” lines the pockets and ambitions of CEOs and politicians while shipping American jobs overseas.