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ProSense

(116,464 posts)

20. The Korea trade deficit

Reply to Elwood P Dowd (Original post)

Sat Mar 15, 2014, 04:48 PM

Mar 2014

Today is the second anniversary of the U.S.-Korea Free Trade Agreement (FTA) taking effect.

The data are in: U.S. exports to Korea dropped 11 percent and our deficit with Korea ballooned 47 percent. That equates to more than 40,000 additional American jobs lost.

This, after the Obama administration promised it would expand our exports and create American jobs.

... is unfortunate, but U.S. exports are at an all time high in terms of dollars, and the trade deficit is at a four-year low.

Weak imports drive U.S. trade deficit to four-year lows
http://www.reuters.com/article/2014/01/07/us-usa-economy-idUSBREA060HJ20140107

Jobs have been coming back to the U.S. since Obama took office.

Most recently,

Ford to Move Pickup Production From Mexico to Ohio Van Plant
http://www.democraticunderground.com/10024623354

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Another Free Trade disaster, and Obama owns it. [View all] Elwood P Dowd Mar 2014 OP

And the President is sticking with that plan! More FTAs that aren't cali Mar 2014 #1

Doubling down with the TPP Autumn Mar 2014 #2

Recommend! KoKo Mar 2014 #3

No, clearly this is a result of the failed hughee99 Mar 2014 #4

This message was self-deleted by its author cui bono Mar 2014 #9

Jobs On The Way: U.S.-Korea Trade Agreement Takes Effect Today jsr Mar 2014 #5

He must have lost his veto pen along with his comfortable walking shoes. Tierra_y_Libertad Mar 2014 #19

We are the ones that lost. Enthusiast Mar 2014 #25

Free Trade... what's "free" even mean, when it cost so many jobs?! fascisthunter Mar 2014 #6

Just to put this into perspective that blew my mind when I found out BrotherIvan Mar 2014 #7

I take big issue with one thing in this piece... cui bono Mar 2014 #8

"They" in this context means... ReRe Mar 2014 #36

They are doing the same thing again and again but they don't expect a different outcome. pa28 Mar 2014 #10

K&R! Omaha Steve Mar 2014 #11

Capital profits, not the Nation. Octafish Mar 2014 #12

Post removed Post removed Mar 2014 #13

So you are recommending that we dont support Democrats? What do you recommend? nm rhett o rick Mar 2014 #16

Would he also own the reduction Progressive dog Mar 2014 #14

Face it. No matter what they say, they don't give a shit about us. Fuddnik Mar 2014 #15

Truth bigwillq Mar 2014 #18

This is how this Corporate game goes: ReRe Mar 2014 #17

Absolutely, ReRe. This President is as guilty as the rest. Enthusiast Mar 2014 #26

The Korea trade deficit ProSense Mar 2014 #20

Thank you for posting this. Control-Z Mar 2014 #23

The OP is not one side of this story: Kermitt Gribble Mar 2014 #31

More bullshit. Enthusiast Mar 2014 #27

Well, ProSense Mar 2014 #29

I think the claim is your fact(s) is non sequitur. fleabiscuit Mar 2014 #32

He's just attempting to whitewash the trade deficit Populist_Prole Mar 2014 #35

so what you (and your links) are suggesting is that magical thyme Mar 2014 #34

Where's my change? pscot Mar 2014 #21

They already KNOW. bvar22 Mar 2014 #22

The results of these free trade agreements is fucking clear. Enthusiast Mar 2014 #24

they may not all be paid but they are liars, and idiots. KG Mar 2014 #30

Share the wealth. Redistribute the wealth. It's the only answer. reformist2 Mar 2014 #28

Interesting -- This report says "Korea Free Trade Agment Shows Strong Results on Second Anniversary" Hoyt Mar 2014 #33

Strong results? Well maybe for a select few... former9thward Mar 2014 #37