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Friday, March 21, 2014

The insanity of 'free trade' agreements

Over the weekend an anniversary was marked with little fanfare — the second anniversary of the implementation of the U.S.-Korea Free Trade Agreement.

The U.S.-Korea Free Trade Agreement passed with the usual fanfare, supported by the usual suspects. Barack Obama hailed the agreement’s implementation on March 15, 2012. In the middle of his re-election campaign, he cheerfully promised the agreement would increase American exports to South Korea by $10 billion and would create 70,000 U.S. jobs.

One of Barack Obama’s signature efforts for his second term is the Trans-Pacific Partnership, a trade deal among the U.S., Canada, Mexico, Peru, Chile, New Zealand, Australia, Malaysia, Singapore, Brunei, Vietnam and Japan.


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