NAFTA

Trump's Third Day

On Trump’s third day Trump is one up on the Establishment.  Can this last?  I am not a Trump booster.  I am a scorekeeper.

On the third day of his presidency Donald Trump signed an executive order withdrawing the United States from the Trans-Pacificic Partnership (TPP).  Based on this we must assume he will also deep-six the Trans-Atlantic Partnership.

Trump and his advisors regard the Pacific and Atlantic partnerships as trade deals like NAFTA, the North American Free Trade Agreement that sent American jobs to Mexico at the expense of Americans.

Ignoring Economic Reality

Trump and Hillary have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media.

The presstitutes operate according to “pay and say.” They say what they are paid to say and that is whatever serves the corporations and the government. This means that the presstitutes like Hillary’s economic plan and do not like Trump’s.

The Trade Agreement You Never Heard About - TPP

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Did you know, beyond closed doors, there is a massive trade agreement being crafted? It's called TPP or Trans Pacific Partnership and this one makes NAFTA look like the stepping stone that it is. This is one bad mother.

This is a trade agreement between Chile, Australia, Brunei, Chile, New Zealand, Peru, Singapore, Malaysia and Vietnam and the United States. Japan as well as China may also join. The countries involved isn't the problem. What's being negotiated is.

Trade Rhetoric Just That

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Obama and hu jintaoIt must be an election year. The Obama administration has joined a WTO complaint against China for limiting rare earth minerals exports.

The U.S. will file a complaint at the World Trade Organization today over Chinese limits on exports of rare earths used in high-tech products, deepening a trade dispute between the world’s two largest economies.

President Barack Obama will personally announce the action to join Japan and the European Union in requesting consultations with China at the Geneva-based trade arbiter over rare-earths shipments.

Saturday Reads Around the Internets - It Pays to Do Your Homework

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shocknews Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.

 

Whole Foods - Made in China

Spending $8 bucks a pound for organic grapes? Think again. This video report shows Grocery chain Whole Foods so called organic foods are actually imported from China. Check out what happens with organic inspection and certification when food is imported.

Elected Officials Pass More Trade Agreements Most of America Doesn't Want

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Another Sad Day for American Labor.  Rhetoric, campaigns, protests and op-eds, all promising to listen to the American people and most of all create jobs.  In the streets there are millions of voices demanding an economy for Americans, U.S. workers and what does Congress do?  Why pass more glorified offshore outsourcing and corporate tax haven deals under the guise of NAFTA like trade agreements.  I kid you not.  Congress passed trade treaties with South Korea, Panama and Columbia.

Obama Touts Corporate Lobbyist Wish List Items as "Jobs" Program

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corporate states of AmericaWho all is sick to death of politicians claiming some policy will create jobs when in fact it will destroy them? Such is the outrage from Obama's reaction to the pathetic jobs report.

Obama touted the South Korean Free Trade Agreement as an answer to the jobs crisis. KORUS is projected to lose 159,000 U.S. jobs over 7 years. For Columbia, a loss of 55,000 jobs is projected.

What was the definition of insanity? Doing the same thing over and over expecting different results? The South Korean Trade Agreement is based on the same failed model as NAFTA. The South Korean Trade Agreement is projected to increase the trade deficit in auto and parts alone by $700 million. Why would one bail out the auto industry only to enable unfair imports of Korean autos?

Panama is a tax haven with over 400,000 corporations located there to avoid paying taxes. If that trade deal goes through what meager U.S. tax haven laws we have now will be challenged. How's that for balancing the budget deficit?

Even Ben Bernanke has shown how currency manipulation is going on unabated and as a result these emerging economies, such as South Korea, are unfairly increasing their exports.

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