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Thu Dec 13, 2012, 05:39 PM

Remember how the S. Korea trade deal was supposed to increase U.S. exports?

>>>
It didn't.

U.S. exports to South Korea fell 3 percent in October over October 2011. Imports from South Korea rose 3.4 percent for the same period.

Public Citizen explains (note: FTA is jargon for "free trade agreement"):

In comparison with the FTA-free month of October 2011 (after adjusting for inflation), this FTA-encumbered October saw 3% fewer exports to Korea, 3.4% more imports from Korea, and a 20.4% jump in the U.S.-Korea trade deficit. For the full seven months since the FTA's implementation for which data is available, exports have fallen 7.5%, imports have risen 0.4%, and the deficit has widened 23.3% in comparison to 2011 levels. That's bad news for U.S. job creation--the promise under which the Obama administration sold this NAFTA-style deal.
>>>
http://teamsternation.blogspot.com/2012/12/remember-how-s-korea-trade-deal-was.html

Meanwhile,

Ambassador Kirk Visits the Third Way to Discuss Trans-Pacific Partnership
12/12/2012 7:29 PM
>>>
The Trans-Pacific Partnership (TPP) will help grow the American economy and support American jobs by increasing exports and opening up markets. Thatís the message U.S. Trade Representative Ron Kirk shared with small business owners, academics, CEOs, and members of the press attending a breakfast briefing hosted by the Third Way policy center earlier this week.
>>>
http://www.ustr.gov/about-us/press-office/blog/2012

Another NAFTA style trade agreement on the way.


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Reply Remember how the S. Korea trade deal was supposed to increase U.S. exports? (Original post)
Teamster Jeff Dec 2012 OP
LeftofObama Dec 2012 #1
Sekhmets Daughter Dec 2012 #2
sabrina 1 Dec 2012 #3
Arctic Dave Dec 2012 #4
Egalitarian Thug Dec 2012 #5
PETRUS Dec 2012 #6
pampango Dec 2012 #7

Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 05:46 PM

1. Excuse me while I put my shocked face on...

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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 05:47 PM

2. TPP

is not your ordinary trade agreement....it is much worse.

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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 05:51 PM

3. This one is worse than NAFTA.

Hopefully it will be stopped now that Democrats won the election, gained seats in the Senate and enough in the House to weaken Republicans and the WH.

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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 06:07 PM

4. DUDE...don't you get it? Obama signed that so those numbers don't count.

 

Just like the the rest of the American job give away programs he's signed.

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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 06:49 PM

5. Imagine my surprise! K&R

 


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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 09:41 PM

6. K&R

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Response to Teamster Jeff (Original post)

Thu Dec 13, 2012, 09:45 PM

7. Our trade with 'free trade' countries is almost balanced, while our trade with the rest of the world

is way, way out of balance.

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