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Teamster Jeff

(1,598 posts)
Thu Dec 13, 2012, 06:39 PM Dec 2012

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&quot :

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. That’s 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.


7 replies = new reply since forum marked as read
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Remember how the S. Korea trade deal was supposed to increase U.S. exports? (Original Post) Teamster Jeff Dec 2012 OP
Excuse me while I put my shocked face on... LeftofObama Dec 2012 #1
TPP Sekhmets Daughter Dec 2012 #2
This one is worse than NAFTA. sabrina 1 Dec 2012 #3
DUDE...don't you get it? Obama signed that so those numbers don't count. Arctic Dave Dec 2012 #4
Imagine my surprise! K&R Egalitarian Thug Dec 2012 #5
K&R PETRUS Dec 2012 #6
Our trade with 'free trade' countries is almost balanced, while our trade with the rest of the world pampango Dec 2012 #7

sabrina 1

(62,325 posts)
3. This one is worse than NAFTA.
Thu Dec 13, 2012, 06:51 PM
Dec 2012

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.

 

Arctic Dave

(13,812 posts)
4. DUDE...don't you get it? Obama signed that so those numbers don't count.
Thu Dec 13, 2012, 07:07 PM
Dec 2012

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

pampango

(24,692 posts)
7. Our trade with 'free trade' countries is almost balanced, while our trade with the rest of the world
Thu Dec 13, 2012, 10:45 PM
Dec 2012

is way, way out of balance.

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