President Obama has been telling people, “Don’t fight the last war” when it comes to trade policy. What he means is that, while NAFTA and other pacts have cost more than 115,000 jobs in Florida and millions around the country, his trade agreements are going to be different.
Unfortunately, the results of the president’s recent South Korea and Colombia free-trade agreements prove that’s wishful thinking. Example: The White House told us the South Korea agreement was going to support 70,000 American jobs through increased exports. The bilateral trade deficit has skyrocketed. The Economic Policy Institute has reported a loss of 60,000 jobs.
I hope all members of the South Florida Congressional delegation reject trade deals that encourage a race to the bottom and oppose fast track for the pending Trans-Pacific trade deal.
Fred Frost, Florida director, Citizens Trade Campaign, Miami