Tuesday, May 17, 2011

Ultimatum Holding Up Trade Deals

By BINYAMIN APPELBAUM
Published: May 16, 2011

WASHINGTON — The Obama administration said on Monday that it would not seek Congressional approval of free trade agreements with Colombia, Panama and South Korea until Republicans agree to expand assistance for American workers who might lose jobs as a result.

President Obama has made the three deals a focus of his foreign and economic policy, but the Monday ultimatum reflects the political difficulty of advancing the deals in the face of high unemployment and opposition from parts of the Democratic base.

“This administration believes that just as we should be excited about the prospect of selling more of what we make around the world, we have to be equally firm about keeping faith with America’s workers,” said Ron Kirk, the United States trade representative.

The announcement puts the White House in line with Congressional Democrats who have made expanded benefits a condition of their support for the trade deals, and at loggerheads with Republicans who say the government cannot afford the cost.

Read More

1 comment:

The Wise Ole Party said...

We will find a way. The WOP understands that the government are limited in their supply of money and therefore, we support protectionism. not supporting free trade, we are encouraging our companies/corporations to buy and use more products that are made in the Franklin States of America. This also allows for the creation of more jobs in the Franklin States of America. We will however, have an 8% tax on tariffs. Even though we have some of our own industries, any amount of income can benefit us.