We take a walk down memory lane to hear Presidents Obama, H. W. Bush, Clinton, and former Fed Chair Alan Greenspan espouse the benefits of various ‘free trade’ deals like NAFTA… but what has been the performance of those deals? Has their performance matched the promises?
Ronda Evans: Truth Bomb: Trade Agreements and Trans Pacific Partnership (TPP). The US Supreme Court ruled that “a treaty is defined as a compact made between two or more independent nations, with a view to the public welfare.” There is and never has been any public good or public welfare in any of these United States Trade deals.
1. LOSS 2.8 million jobs: Since entering the WTO in 2001, trade with China has resulted in the loss of 2.8 million jobs through 2010, according to the most recent study by the Economic Policy Institute. Those fortunate enough to retain their jobs witnessed their annual earnings decrease by roughly $1,400. American workers are put in direct competition with one another as more and more employers look to offshore production to nations with lower wage rates.
2. LOSS 1 million jobs: Under NAFTA, 1 million new jobs were promised; by 2004, 1 million American jobs were lost. Watch our new video, Washington’s Dirty Little (Trade) Secret, to see the lofty promises vs. the lousy performance of past trade deals like NAFTA, and help us spread the word about the TPP.https://www.youtube.com/watch?v=kOehzCkPMP8
3. LOSS 2.3 million jobs: The Republican 2016 Budget will gut Social Programs by $5.7 trillion over 10 years, loses 2.3 million jobs, including taking away our health care for 16 million people that couldn’t afford health care before.
4. LOSS good paying jobs: A Federal Reserve Survey of Consumer Finances shows 90% of American families have gained nothing in terms of income or wealth – no resurgence for 90% of Americans. In fact Poverty level jobs is expected to account for 70% of job growth in the next 7 years. 77% of Americans have experienced living paycheck to paycheck. 1 in 5 Americans is now on food stamps. 32% of households have zero or negative wealth.
TRUTH BOMB – A fact spoken in clear, easy
to understand terms and without bias. https://www.facebook.com/groups/TruthBomb/
