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In reply to the discussion: Obama Dismisses Democratic Foes Of Sweeping Trade Pact, Says It Would Level Global Commerce [View all]cascadiance
(19,537 posts)... that have happened since Reagan's time and NOT before then. As Alan Grayson points out, when we have high trade deficits and high job losses we lose not only jobs for our country but assets to the ownership of foreign countries too, instead of working us back towards a strong position of those statistics we had before so-called "free trade".
The only thing that "free trade" treaties have really done is try to have a global "bottom" that companies have a lot more abillity to race to so that they have minimal labor costs and environmental costs and reward wealthy ownership with a bigger portion of their profits at the rest of the world's expense. That's not "global free trade reality" that we want, but it is what it has been made in the last 20-30 years which is why the global world economy is trashed so much for everyone but the crooks at the top that have been able to pay for with their excess wealth to not be prosecuted for their crimes.
I and most of the rest of the world do NOT think of this kind of globalization as "progress". It is only "progress" for those in the top 1%, and even then, they probably will suffer at some point if the world economy suffers enough to the point that their wealth goes down with the rest of us if we all can only live on survival subsistance, and not able to spend money with more wealth ourselves to contribute more business that everyone can profit from, and restore the TRUE job creators back to their ability to generate more jobs instead of starving them of that ability to spend money and generate more business and jobs.