"Reap" 250,000 jobs? I'm sorry, but I'd believe IBD if they said the pacts would export 250,000 jobs.
These free-trade treaties are victories for the banksters and people owning Stateside stocks with large overseas presence -- multinationals, in other words.
On the analogy of NAFTA, this will cost jobs bigtime.
If it is free trade, why for the Korean agreement do duties Korean goods going into the USA go away immediately while duties on some US goods going into Korea have a five year phase out period?
These agreements do not create jobs in the US. Where are the studies showing the 10-15 year net US jobs impact of NAFTA and China WTO? Such a study should show not only number of net jobs created and/or lost but also the impact on personal income — i.e. did the new jobs created (if any) pay more or less than the jobs lost.
Isn’t it strange with billions of dollars the US government spends on studies and consultants there isn’t a study showing the net impact of these modern “free trade” agreements on the US economy? Yet every time one is up for a vote we are told how many millions of jobs will be created. Where’s the beef?