Posted on 10/03/2011 5:48:12 PM PDT by Kaslin
Economy: After years of dithering and bowing to protectionists, President Obama finally submitted three pending free-trade pacts with South Korea, Panama and Colombia to Congress for a vote. Let the U.S. economy recover.
The president's decision marks the first bright economic move he has made to boost the nation's ailing economy. Dropping tariffs, opening markets and equalizing investment terms are a proven way to boost economic growth.
Contrary to all the nonsense about outsourcing and giant sucking sounds, the real impact of free trade is new freedom and opportunity.
The pacts are now on their way to a vote in Congress after a long delay, marking Obama's first real shift from campaign demagogue captive to special interests to President of the entire U.S.
"These agreements will support tens of thousands of jobs across the country for workers making products stamped with three proud words: Made in America," the White House said in a statement.
The White House knows this is a winner: "Growing American exports to South Korea, Colombia and Panama will support tens of thousands of jobs here at home," said U.S. Trade Representative Ron Kirk, who encouraged the bill's passage "without delay."
The legislative process will begin next week, and both the White House and congressional leaders say the votes are there to pass it. But they always have been — the big change is the end of the president's hesitancy to submit them and Big Labor's campaign to block it.
(Excerpt) Read more at investors.com ...
First demand of the Wall Street mob:
Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Why only $20/hr? How about $100/hr?
The Wall Street mob is just a bunch of lazy, leftist vermin.
Only the government can decide what is good for us! Right on.
More pathetic free trade BS. As if we don’t run enough of a trade deficit
More pathetic free trade BS. As if we don’t run enough of a trade deficit
The U.S. government is running a $1.4 trillion dollar deficit, and protectionists are telling us that the trade deficit is the problem. LOL
What happened to toddster to echo your inanities?
Free trade? NAFTA was an absolute disaster!
Figure out the difference between a trade deficit and a budget deficit yet? LOL!
Explain again how a trade deficit causes a budget deficit. I’ll start you out.
Todd buys a 6 pack of German beer. This causes a budget deficit because.......
Damn Ronald Reagan and the horse he rode in on!
Don’t you dare “echo my inanities.”
Sorry. My bad.
Yep, this will turn around our persistent unemployment problems any day now.
It has been working so well for the last 10 years at increasing household wages, we should all be in tall cotton right after they pass these “free trade” agreements, right?
It’s always been more like a duet.
I’d like to see more done in the way of promotion for American produce. I might go more for those US peaches or apples if grocers would put it on the signs on their bins. I rarely see it, even in groceries that take pains to post on their doors that they are union shops. Why? Because those might be non union fruits?
But as stated you’ve given us a fine bit of irony. US farmers don’t care one way or the other about importing non-produce from places like South Korea, and would very much appreciate South Korea importing their own products.
It needn’t necessarily in any one instance any more than drinking must cause a car accident. But giving out more gold than you are getting is going to cause trouble in the long run. Buying that German beer, you should hope you’re selling at least as much to Germany if you want the relationship to be sustainable.
Granted, I live near a big city, but my produce is labeled with the country-of-origin. I suppose that if you don’t have that luxury, you should stop by your store when the shelves are being stocked and look at the boxes.
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