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Despite Opposition, Obama Verges on Trade Deal Disaster
President Obama is preparing to mangle his jobs message signing free-trade agreements that are opposed by unions, by Democrats and by the “99 Percenters” who recognize that the Bush-Clinton-Bush-Obama approach to trade policy has harmed the interests of working people in the United States and abroad.
The Obama administration said the Congress-approved free trade deals are expected to boost US exports by $13 billion and benefit US agriculture and manufacturing, and will bolster diplomatic ties to all three countries. The three agreements, all modeled on the failed North American Free Trade Agreement, passed the House and Senate Wednesday with overwhelming support from Republicans and minimal support from Democrats. (AFP) Why? Because, according to Congressman Mike Michaud, D-Maine, the president “is going to give in to the Washington elites, once again” because “the big companies and the big banks want” the new trade deals with South Korea, Colombia and Panama.
The three agreements, all modeled on the failed North American Free Trade Agreement, passed the House and Senate Wednesday with overwhelming support from Republicans and minimal support from Democrats.
Only thirty-one House Democrats backed the agreement with Colombia, where unions note that labor organizers are regularly assassinated. Fifty-nine Democrats backed the agreement with South Korea. Sixty-six Democrats supported the Panama deal.
In the Senate, 30 Democrats opposed the Colombia deal, as did Vermont Senator Bernie Sanders, an independent who caucuses with the Democrats, and two Maine Republicans: Olympia Snowe and Susan Collins.
The Democrats who opposed the agreements did so because these deals are wrong, economically and politically.
Congresswoman Tammy Baldwin, D-Wisconsin, who is running for an open US Senate seat in 2012, made the economic case.
“Trade agreements should be in the best interests of our nation and its people, but sadly this has not been the case with the past free trade agreements,” Baldwin told the House. “Have some of our wealthiest corporations profited from them? Indeed. But the rest of America, especially the middle class, has struggled with job loss, closed factories, and economic and emotional anguish across the country.”
Citing a study issued by the Economic Policy Institute, which reveals that more than 680,000 US jobs have been lost or displaced due to the rise in the trade deficit with Mexico alone since the North American Free Trade Agreement (NAFTA) was enacted in 1994. Baldwin explained: “I hear from Wisconsin families every day that are struggling mightily—struggling to pay the mortgage, put food on the table, and send their kids to college, especially during these uncertain economic times. The solution is to put our people back to work and preserve American jobs. When done right, trade agreements can help bolster our manufacturing and high-skilled technology industries and create jobs as they increase exports and help our economy recover. Done wrong, trade agreements send these same jobs offshore, leaving Americans out of work. Unfortunately, I believe these trade agreements with South Korea, Panama, and Colombia will exacerbate the US trade deficit and further erode our manufacturing base.”
Lori Wallach, who directs Public Citizen’s Global Trade Watch, made the political case.
“It is bizarre that President Barack Obama has switched from his long-awaited focus on jobs to spending effort passing three George W. Bush–signed, NAFTA-style trade deals that official government studies show will increase our trade deficit even as polls show most Americans oppose NAFTA-style trade pacts and recognize that they kill American jobs,” said Wallach. “The only way these deals will pass is if congressional GOP lawmakers expose themselves to the foreseeable election attack ads and provide President Obama almost all of the votes; most congressional Democrats will oppose these deals, which are loved by the US Chamber of Commerce and despised by the Democratic base groups. Apparently, the Obama team has a way to win re-election that does not involve Ohio or other industrial swing states. We saw with NAFTA in 1993 the dire political consequences of a Democratic president blurring distinctions between the parties on this third-rail issue of trade and jobs. And unlike NAFTA, this time, even official government studies show that these pacts will increase our trade deficit.”
Baldwin’s right.
Wallach’s right.
Obama’s wrong—very, very, very wrong.
Signing these free-trade deals will harm the economy.
And it will make it a lot harder for voters in factory towns to support his re-election.
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74 Comments so far
Show Alldk ----- I think what you are seeing is sometimes called a charade ------ dh
"..........the president “is going to give in to the Washington elites....." The president is the Washington elites. Obama is the opposition. "30 (D)s in the senate opposed the deal." Obama, half the (D)s and all the (R)s are not representing "We the People". This is why people have taken to the streets. They get it!
Will this guy even finish his one term presidency?
Be careful what you wish for. Recall that we have a cretin of Dubya-like proportions as Veep.
Obama is once again telling the left you have no where to go but to vote for me.
Democrats are not going to do anything for the left until the left shows the Dems that they will not vote for Democrats.
I have four choices in 2012:
Vote Democratic and continue conservative policy;
Vote third-party and decrease Democratic vote, helping to elect Republicans;
Don't vote which decreases voter turnout and helps elect Republicans;
Vote Republican and continue conservative policy.
I get conservative policy no matter how I vote.
The only effect I can have is to throw out the fake Democrats by voting Republican.
I still get conservative policy.
A 5th option would be for a candidate with an explicitly anti-corporate platform to PRIMARY Obama. Other Democrats in Congress, such as the ones I listed above for having supported "free trade" deal(s), should also be challenged in primaries by similar candidates. It's a shame our system has tragic flaws, such as winner-take-all, absence of IRV, gerrymandering, and corporate financing of elections, to name a few. But if we fail to PRIMARY Obama, that's our fault. Our fault 100%.
'The fish rots from the head.' "New York (CNN) -- Our dysfunctional divided Congress finally was able to find some common ground Wednesday, passing long-delayed free-trade bills with South Korea, Panama and Colombia. Together, these treaties promise to increase U.S. exports by more than $12 billion a year while creating more than 300,000 jobs -- good news for our still-sluggish economy and struggling American workers."
WOW!!!! Our corporate media strikes again. Time to Occupy CNN.
Promises, promises. I think we all remember what NAFTA promised, and what it actually delivered.
Can't wait for Obama's victory lap. Today: "(CNN) -- Supporters of free-trade agreements approved this week by U.S. lawmakers predicted Thursday that the accords will increase exports and create jobs, but analysts are split over how much the new measures will boost the flagging U.S. economy.
Whatever the long-term economic impact of the deals with South Korea, Colombia and Panama, they marked a significant political victory at home and abroad for President Barack Obama, who has had difficulty finding common ground with Congress."
What are people, who have to work for a living and don't have time to follow the news, to think when fed propaganda from the CNN/FOX/MSNBC Polit Bureau? OWS implies that people are starting to get it. Obama/Romney will never get it. Occupy CNN sounds like a good idea.
Pinchyway, you are a corporate suck-up, and likely paid hack. You need to get a new schtick because this one isn't working.
It is just so easy to see through your bullshit. Your contorted bullshit (did I already say bullshit?) assertion, that so-called "free trade agreements" cooked up by the world's richest and most corrupt corporatists to exploit third world labor, are all about helping people in third world countries is so much stinking bullshit. And you know it. But you can't help yourself can you? It is all a big money game to you. Who are you? Some schmuck in a neo-liberal, or neo-conservative think tank? Did Thomas Friedman finally get his?
Pinchyway...your full of shit.
Just when it seems absolutely impossible that Obama will go any lower, he surprises everyone by going even lower than that.
Not surprising really. Just doing the bidding of his masters.
The free trade issue is pushed so strongly by corporate interests (and thus both Dems and Repubs line up) because it is about something that is a much bigger prize in corporate eyes than lower wages and imports and exports. It is about weaving into place an international governance system using the WTO that subjugates national and local political decision-making to a free-market, deregulated business agenda. Most of the provisions in the agreements are not about tariffs and movements of tangible goods and products. They're more about regulations affecting the intangible services sector, such as banking, finance, wall street. And the rules are being written so as to impede implementation by national and local governments of new regulations that restrict the financial sector (think trade agreements and WTO rules making it illegal for the US Congress to reinstate Glass-Steagall).
Trade agreements and the WTO rules are being woven together to create an environment where corporate profit seeking interests trumps the sovereignty of nations. That is a real accomplishment and why there is so much momentum behind trade pacts that are insignificant from a direct economic benefit standpoint. This is an important issue and is another hidden end run by the wall street. Trade agreements need to be understood for what they really are and the WTO needs to be reformed or eliminated. Check www.tradewatch.org.
Very true, and commonly overlooked for obvious reasons. Much like Libya is more about banking and preventing the unification of Africa, than it ever was about oil, water or democracy and human rights.
i think oour prez has actually lost it.. incapable of doing anything but stand in front of a lectern and talk more and more meaninglessly, he has gone crazy...
EDIT
To quote Shorty in Indiana Jones and the Temple of Doom, "He ain't crazy lady, He's NUTS!".
say nutless
And yet, despite this, has anyone noticed the unified talking points being taken up by the institutional liberals that this OWS is the mass movement Obama needs to "make him do it" to achieve his real progressive agenda?
Harry Bellafonte and even Amy Goodman were pitching this line, and more of the usual mouthpiece pundits were on the TV spinning this message--despite the evidence that Obama was consistantly acting in opposition to the 99% in support of the 1%. This is just more of the same, and they are STILL trying to give Obama cover.
Some people refuse to believe their own "lying eyes". After all, Obama was a "liberal Democrat". He couldn't possibly be a sellout could he? Uhhh, yes. And his response as this becomes ever more apparent? Wow, maybe we need a war with Iran drummed up over fake plots. That should distract people ...
I am surprised no one has mentioned the recent agreement to allow US navy to use the base at Korea's Jeju Island. This is a new base, and very likely most of the construction/expansion would be done per US navy requirements. South Korea has little to lose (except facing more angry Korean citizens) and everything to gain from this little give-and-take.
So, saying that "Obama is preparing to mangle his jobs message" is somehow correct. The jobs "plan" is little more than a jobs "message". The audacity of this guy is astounding, even 3 years on.