WaPo: "Why Obama’s key trade deal with Asia would actually be good for American workers"

[villager]

7. Some good rebuttals to these anti-regulatory, free-trade economists in the comments

Among the many:

The first question to ask is this. Who said we had to compete with one another for the same jobs in a global economic arena? Furthermore, before any discussion about free trade, we should define what it actually is and how it evolved. It did not evolve any natural economic fashion but was driven by powerful forces outside the will of the people.

Free trade is not trade as historically practiced and defined. It is more about dividing investments from production and moving production outside the country for the sake of cheaper labor costs. Our own Federal Government sponsored moving factories outside of the U.S. starting in 1956. It was the same year the Suez Canal Crisis exposed and international money crisis.

The program was supposed to be temporary to test a system where a few factories would be moved to Mexico for American consumers to enjoy lower prices on products. It never ended. Somewhere along the way, the process was labeled free trade. In the end millions of Americans lost their jobs and businesses. A new working poor class was created. The production workers middle class was destroyed. The value of labor and workers was degraded and deflated. This represents trillions of dollars in value lost forever. Also, the trade deficit which has broken records since 1994 represents trillions of more dollars lost forever.

Then President Obama took office and had to bail out the system to avoid an economic collapse. He borrowed trillions of dollars from the future for the bail out. However, he only bailed our the investment communities, big money interests, banks, Wall Street and the "too big to fail" corporations. He ignored the suffering of millions who lost their jobs and businesses due to free trade economics along with the "too small to save" businesses.

Why would anyone want to keep the failed free trade economic system going?

http://tapsearch.com/free-trade-economics http://tapsearch.com/flatworld
http://tapsearch.com/ray-tapajna-journal