October 13, 2011
GENUINE STIMULUS:
US Congress backs free trade pacts with South Korea, Colombia and Panama (Associated Press/guardian.co.uk, Thursday 13 October 2011)The US Congress has approved free trade agreements with South Korea, Colombia and Panama, ending a four-year drought in the forming of new trade partnerships and giving the White House and Capitol Hill the opportunity to show they can work together to stimulate the economy and put people back to work.
The House of Representatives and Senate voted in rapid succession on the three trade pacts, which the administration says could boost exports by $13bn (£8.25bn) and support tens of thousands of American jobs. None of the votes was close, despite opposition from labour groups and other critics of free trade agreements who say they result in job losses and ignore labour rights problems in the partner countries.
Like Bill Clinton, the UR was able to pass Republican presidents' trade agreements with the support of Republicans in Congress. How about securing some new ones of his own?
Posted by oj at October 13, 2011 7:19 AM
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