Posted on 05/13/2016 3:53:07 AM PDT by central_va
When the U.S.-Korea Free Trade Agreement (KORUS) was passed just over four years ago, President Obama said that the agreement would support 70,000 U.S. jobs. This claim was supported by a White House fact sheet that claimed that the KORUS agreement would “increase exports of American goods by $10 to $11 billion…” and that they would “support 70,000 American jobs from increased goods exports alone.” Things are not turning out as predicted. Far from supporting jobs, growing goods trade deficits with Korea have eliminated more than 95,000 jobs between 2011 and 2015.
That’s what Trump has been saying
We have idiots making our trade deals
Idiots
Our government is corrupt from top to bottom.
Our government knows what its doing.
Gettin’ rich.
“That’s what Trump has been saying...We have idiots making our trade deals....Idiots!.......
Hundreds of them! Heads need to roll!
I see nothing here that violates nobama’s “Fundamental Change” rule.
Another occasion on which the Obama administration lied to us.
Republican “leaders” in DC, who have been hiding under their desks for the last 7.5 years, show no sign of emerging.
True but shouldn’t the better question be why can’t we compete with other 1st world countries when it comes to trade.
It’s a rhetorical question though, production costs in Korea are the same as here, free trade should work great with them but it’s our OWN crushing regulatory burden that’s screwing this up. We should get rid of the burdensome regulations imposed on our own businesses before taxing foreign companies that are playing by the rules but don’t have to deal with that c**p.
That’s just one rather small country
If we added up the net effect of the trade deals done to us over the past 2-3 decades, people would understand why our cities and industrial towns look the way they do
The GOPe, Cruz their anti trump tool. and democrats all decry Trump, raising this serious issue, as “ anti free trade” - does this look like Free trade”?
And just WAIT for TPP
We can’t compete when our own government is ashamed of being American and thinks we owe it to the world to bend over
These deals are not made to enrich and strengthen America, they are made to transfer wealth
And it’s getting worse and worse with the global climate meisters preparing tthe rape of America
L.G., hyundai, kia all come from korea.
Just try to sell a cadillac or some Buffalo Trace in South Korea.
400 percent import duty on all things imported.
Fair trade?
Horse crap.
And we still help pay for their defense.
You are correct that burdensome regulations imposed on our own businesses (Manufacturing) need to be axed. EPA, OSHA, Dept of Justice, etc ... these are bureaucracy's that swell the size of gov't and do nothing for what they were supposedly intended to do.
It is time to stop the intentional killing of our own businesses. Eliminate, trim power, or what ever else is necessary. Helps business, therefore the economy, and is a step toward reducing the size of gov't.
That all being said, none of our 'trading partners' are playing by the rules.
Go Trump!
Corporations will never be in favor of eliminating the globalist fig leaf/excuse du jour for slave wage arbitrage.
with all these trade deals which cost American jobs plus the open borders costing American jobs, the American working man hasn’t had a chance. No wonder the huge bank of unemployed workers. It this all by chance, you know - unintended consequences; or by design????
“Things are not turning out as predicted.”
The whole of the 0bama junta.
It is by design on the left because it is part of the Marxist agenda to promote free trade. On the right it is for increasing corporate profits which at this point corporations are just NGO's with out any national affiliation neither good nor bad just indifferent.
The rules are......the USA consumer buys foreign produced crap with worthless FRNs and the producing country buys our worthless T notes.
The finance guys get a cut and the the middle class producers in the USA die. And eventually the USA consumer.
The other big issue was US beef. The Korean tariffs on beef fall very gradually over a very long period.
Here's a couple of links if you want to be better informed.
Stay Clam everyone. I read this article and it is so riddled with false methodology and assumptions that I do not have time to post a response.
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