They do not need Obama, this has been happening since NAFTA was approved by Clinton (lobbied by Bush 41) and the GOP Congress at the behest of corporate America. Once it has been established that Chinese (and soon Indian) workers can learn how to manufacture products at good quality and proficiency, the US corporations were more then happy to have China do everything that middle class American workers were able to do. China did not need to blackmail American corporations (that is corporate America’s spin and excuse to screw American workers). Freepers need to grow up. If we had the lowest corporate tax, but Chinese and Indian labor costs will add more to corporate profits in addition to tax breaks, corporate America will still move the factories and jobs overseas. Problem is these acts will enrich and strengthen the PLA, factor that freepers choose to ignore when it comes to free trade but not during budget fights for defense. What a racket, destroy US jobs, strengthen PLA, justify more defense spending, and when too many Americans are unemployed and restless, start a war with China or someone overseas.
There was a book I read several years ago. I forget the title now, but I know it was written by Kendrick Smith.It was basically how Washington worked. In this book, back before Gingrich was speaker of the house, they discussed and he favored NAFTA. Even while Gingrich felt NAFTA was necessary, he said the the end result could ultimately bring the American economy down to 3rd world levels.