Listening to NPR just now, Pres. Obama was quoted saying that one negative repercussion of the current standoff between House Republicans and the White House over the federal budget and the debt limit is “missed opportunities” such as the inability of the United States to pimp a free trade deal in Asia.
Given the effect of such free-trade deals in the past, such as NAFTA and the WTO, which have cost Americans millions of jobs and have helped cripple the US economy more than anything else in recent memory, that can only be considered a good thing.
Let’s not get into the fact that Pres. Obama infamously promised to revisit NAFTA while running into 2008, only to cavalierly announce 2009 that that was just one of the things that he had said to get elected.
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He did that, huh? Sounds like him. Seems familiar. God. It seems so long ago. The time for disappointment was 2009 if there ever were a time. We’re far past that. Well, I’m sure the only reason he decided to let NAFTA be is because as president he is privy to important relevant classified information that forced him to rethink his stance on the issue.
There are two new miserable trade agreements brewing, the TPP (Asia) and TAFTA (Europe).
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