The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
Tag Archives: South Korea
“Free trade” is uncontrolled, unrestricted access to our economy, tariff- and duty-free, for goods made in foreign lands for $4 per hour or less. We cannot compete with these wages, so our manufacturers are forced to close up, sell out or leave the country. A nation that practices “free trade” is like a mammal without skin: it has no protections from the environment. A case has recently come to light where one of our trading partners was cheating to destroy our industry.
“Free trade” has harmed America in many ways. What we don’t need are hypocrites with no backbone like our leaders in Washington. Rahm Emanuel pushed for NAFTA and then complained about how bad it was. Then he later pushed for KORUS as Obama’s chief of staff. He is one of these hypocrites.
President Obama took up the South Korea – U.S. free trade agreement (KORUS FTA) as his own, despite the fact that it was negotiated by his predecessor. He promised Americans more jobs and increased exports, despite the fact that studies showed we would actually lose jobs from this agreement.
President Obama has his sights on Asia, where his administration is hoping to pursue yet another misguided “free trade” pact that will dwarf anything we have seen in the past. This president has been adept at building good will around the world, but these efforts have not translated into economic successes at home.