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South Korea Free Trade Deal - Obama versus Trump

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howaboutme Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-19-11 12:13 PM
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South Korea Free Trade Deal - Obama versus Trump
I disagree strongly with Pres Obama on this and I can't understand why he pushes this deal with S Korea instead of revising all of our trade deals from free to "FAIR Trade" as he promised. These deals have been the downfall of America.

How many free trade deals will it take for the USA leadership to understand that the only common denominator in all of these deals has been that the USA loses, and international bankers on Wall St and international corporations win?? At its core they are about commoditizing and making labor fungible at the expense of USA self sufficiency and our overall economy.

Fifty percent of Americans now don't pay taxes because they don't earn enough or have access to jobs that will keep them much above poverty. Because of "Free Trade" we don't have the tax revenue from what was once a broad and strong middle class to pay for government services. Also we don't have the tax revenue from the rich that used to pay 70-90% marginal rates. Instead we cut taxes from the ultra rich, create alliances that creates terrorism, fight perpetual wars that have nothing to do with defending the USA and encourage the outsourcing of our economy.


You need to go to about 3:40 on the video and listen to what he and others have to say on trade.

http://stopuskoreanafta.org/2011/01/video-donald-trump-opposes-nafta-style-korea-trade-pact/


Here is Obama's announcement of this farsical deal

http://www.youtube.com/watch?v=gs25DKlp_ts&feature=related

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