18 November 2013

Further Free Trade Deals are Bad Deals for America

One hears much recently about the near desperation of the Administration to conclude a framework for the Trans Pacific Partnership agreement before the end of the year. I'm a Democrat, but I oppose this agreement completely. I hope they fail spectacularly. 

The Obama administration, like every administration since at least Carter, just doesn't get it that global trade agreements do not enhance America's geopolitical interests, and have, in toto, harmed the economy, especially the jobs of ordinary working Americans. The Europeans are righteously ticked off about the NSA wiretaps of their negotiations on the TransAtlantic Free Trade Agreement (TAFTA) in the works, and I say, although that's a whole lotta crocodile tears coming from them, good. We don't need a trade agreement that further drains jobs from America. 

The "tilt towards asia" seems to be taking the form of an agreement that would undermine US internet openness, further erode US trade deficit, and undermine US economic interests in a whole host of ways, all the while accomplishing very little, since almost all the countries who are being courted to join in are also parties to a similar agreement with the Economic Hegemon of the region, China. So on balance, those who really have looked into it (like Clyde Prestowitz; check out ianmasters.com for 11/17), have concluded that the TPP is a bad deal for America, and so is TAFTA.

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