Thursday, November 11, 2010

President Obama Fails To Secure A Trade Deal With S. Korea

Hoorah! The NY Times story, "In Setback, U.S. and South Korea Fail to Agree on Trade" reports that the US and S. Korea failed to sign a "free" trade deal initiated by the Bush administration in 2007.

The U.S. Chamber of Commerce supports the S. Korea trade deal. That's reason enough for fair-minded citizens to oppose it. The deal will do nothing to promote broad prosperity in the US. When we are told that it will create economic growth for the US, they mean growth in the finance sector: bankers cutting deals with S. Korean firms who will, in turn, substitute S. Koreans for American manufacturing workers. Once again, the middle-class, unionized work force loses.

What the hell are you thinking Mr. Obama?

You can sign a petition to "Tell the Obama Administration that adopting Bush's Korea trade deal is political suicide" at Public Citizen's site, and read more about free vs. fair trade.

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