The latest betrayal, Obama pushes through three Job-Killing trade deals against his own party’s wishes. Two thirds of the Democratic House voted against trade pacts with Korea, Columbia and Panama. The deals went through mostly by the votes of the Republicans. It is estimated that these deals will cause the loss 159,000 jobs in the first seven years. The three pacts explicitly ban Buy America procurement policies. These pacts will also increase the trade deficit.
WHAT NAFTA HAS WROUGHT
According to the Economic Policy Institute between 1993 and 2004, the US trade deficit with Mexico ballooned by $107 billion, which cost 1,015,290 US jobs, 123,000 in California. But although those jobs went south, Mexico lost far more jobs because of the treaty than those relocated from the US.
http://www.truth-out.org/new-free-trade-agreements-threaten-kill-jobs-and-labor-rights/1318363783
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