Few of us think very much about foreign trade. But opening foreign markets to U.S. goods is nevertheless important to job creation and economic growth in our country.
That's why Tennessee Sens. Bob Corker and Lamar Alexander were among those who voted this week for free trade agreements between the United States and South Korea, Colombia and Panama.
Corker said: "I'm particularly excited about what passage of these trade agreements means for Tennessee. Our exports to these countries have increased substantially, reaching almost $900 million last year, and these agreements will create a tremendous opportunity for further export and job growth in our state."
Alexander said the trade deals "will bring millions of dollars and thousands of jobs to Tennessee," as "Tennesseans can sell more of our auto parts to South Korea, more of our electronics to Panama and more of our soybeans to Colombia."
This is good economic news for all involved.
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Free Trade has little real meaning, the US should be striving for Fair Trade. With rampant currency manipulation the US has lost much of her industrial base to countries with mercantilist trade policies.
No one wants protectionism, but we need to pursue a middle course that resists mercantilism and allows us to begin to rebuild our manufacturing base.
nucanuck, I agree with you. If our lobbied Congress people have not learned to demand better fair trade agreements which give a batter balance of trade deficit by now with the global corporations, it may to too late. We have also lost too many manufacturing jobs by these companies closing plants here, investing to manufacture the same goods in the lower monerary value countries for shipment of the goods back to the USA, expecting the US consumers to buy. At what level will this trend reach the low point which has already helped created the 2007 deep recession?
If any of the people who have been affected negatively by the concerted effort of the few "money changers," it should be obvious that they are using the free trade agreements (global economy) with the lower monetary value countries, finalized by our elected "leaders," to actually wage a war against the workers here in the USA. There are a few powerful "players" involved in this "scheme" for destroying this Republic's status as we know it and what the growth of the "middle class" did for the growth of our economy after the 1929 great depression. During the last few years, there has been a well designed effort of the powerful few to destroy the balance of the manufacturing base, destroying of the middle class, the "busting up" of the workers' representation, bargaining rights, and moving this Republic back to the pre FDR attitude toward the working people. The arrogance of the people who are pushing the depression of the workers, do they really expect the workers to accept the old attitude towards them without any disagreements?
Just another weak-kneed Obama sellout.
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