Here’s what Candidate Obama said about these lousy trade deals at in 2008.
Experts say these trade agreements will result in net job losses as large corporations take advantage of cheap labor in South Korea, Panama, and Colombia. The trade agreement should be opposed with respect to Colombia simply because of the horrendous human rights abuses and deplorable treatment of workers. The other two agreements should be opposed because they represent the worst of NAFTA (which was/is terrible for our economy) and because the countries with whom we will be dealing will not abide by the rules.
Why would a President sign trade deals that will send tens of thousands of jobs overseas, encourage money laundering and provide a tax haven for U.S. businesses, all while our economy circles the drain? Maybe because these corporations will be giving money to the re-elect Barack Obama campaign as a quid pro quo?
Here is Dylan Ratigan on the three main trade deals- it’s a really good segment: