Congress has just passed new free trade agreements with South Korea, Colombia and Panama. The Obama administration has also made "the NAFTA of the Pacific" a very high priority. Obama says that all of these new trade pacts will create more U.S. jobs. Well, either Barack Obama is completely ignorant when it comes to economics or else he is lying.
When we merge our economy with the economies of nations where wages are much lower, it is inevitable that large numbers of jobs are going to leave the high wage areas (where we live) and go to areas where wages are much lower.
It also certainly does not help that we have the highest corporate tax rate in the world, that we burden our businesses with mountains of ridiculous regulations, and that we allow our "trade partners" to give their businesses a huge advantage by openly subsidizing them.
The way that the system is set up now, nearly all U.S. businesses are at a massive, massive disadvantage. In general, the only businesses that can compete effectively in this environment are the giant corporations that can offshore huge portions of their operations.
If you are a conservative, then there is no way that you should support our current trade policies. If you are a liberal, then there is no way that you should support our current trade policies.
However, if you are a "George W. Bush Republican" or a "Clinton/Obama Democrat" that believes in globalism and the establishment of a one world economy as part of a "New World Order", then it would make sense why you would want to see America deindustrialized and brought down to the level of the rest of the world.
But if you are a true conservative or a true liberal, then the following are reasons why you should be horrified by our current trade policies....