General Discussion
In reply to the discussion: Obama's Fast Track Attack On Women - HuffPo [View all]Elwood P Dowd
(11,453 posts)We haven't signed a real free trade deal in decades. All the recent ones are nothing but outsourcing/investment scams with the words free trade tacked on to suck in people. For decades now our USTR, Commerce, Treasury, USDA, and all the other agencies involved with trade have been taken over by corporate lawyers, corporate lobbyists, and corporate bean counters that write the damn things. The liberal groups that oppose these fake free trade deals are always outspent 10-1 and 20-1 when it comes time for Congress to vote on them.
The sectors you mentioned are not coming even remotely close to slowing down the growing and massive trade deficit which is now over 8 trillion dollars total the past 30 years. No need to worry for you though, I'm sure you will find some new revisionist corporate study that says losing trillions in trade deficits is good for us.
As for scrapping and services, that is a joke. Shipping our waste and recycle overseas is now something to brag about? And a single person could generate millions of dollars in service exports with some good old fashion Wall Street paper shuffling. Those two are certainly not going to put a dent in the hundreds of billions in merchandise trade deficits every year.