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Top Democrat urges Obama on S.Korea trade deal
WASHINGTON |
WASHINGTON (Reuters) - Senate Foreign Relations Committee Chairman John Kerry on Monday urged President Barack Obama to quickly press for a vote in Congress on a long-delayed free trade agreement with South Korea.
"The United States should work with South Korea to resolve legitimate concerns and quickly approve the U.S.-Korea Free Trade Agreement," the senior Democrat said in a statement touting the job-creating benefits of the pact.
Senator Richard Lugar, the top Republican on the Foreign Relations Committee, joined Kerry in urging Obama to send the agreement to Congress for a vote "as soon as possible."
"The scope of the agreement and the size of both our economies -- the world's largest and 14th largest in terms of GDP, respectively -- are significant enough to create thousands of well-paying jobs and help generate billions in wealth for both countries," the senators said in letter.
"Submission of the agreement to Congress also would be considered a significant show of solidarity with a close and reliable ally," they said.
Despite Kerry's support for the South Korea agreement, many Democrats in the House of Representatives remain opposed to the pact and two other delayed deals with Colombia and Panama.
The senators' plea for Obama to move quickly to resolve auto, beef and other trade concerns that have blocked the South Korean agreement came one week before South Korean Trade Minister Kim Jong-hoon is due in Washington.
"A renewed commitment to move on the KORUS (Korea-U.S.) FTA will create an atmosphere more conducive to resolution of these issues," the senators said.
Monday also was the third anniversary of a deal the Republican administration of former President George W. Bush struck with Democrats to strengthen labor, environmental and other provisions of the South Korea, Colombia and Panama pacts.
House Republicans marked the occasion by releasing a report showing how the delay in approving the Colombia agreement, the oldest of the three pending deals, has hurt U.S. farm exports to that country.
"It has been three years since Congress reached a bipartisan compromise on a new framework designed to move forward on America's trade policy, but the trade agenda has collapsed through inaction by the administration and key Democrats in Congress," said Representative Dave Camp, the top Republican on the House Ways and Means Committee.
(Reporting by Doug Palmer; Editing by Cynthia Osterman)
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John Kerry another CFR MEMBER. That is exactly what to expect from a card-carring member of the CFR PARTY.
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Sssshh.. President Obama and Congress do not want you to know this because they are all International Globalist. They are the ones who was paid to push NAFTA and the WTO into law and it has been a dismal failure.
They want American workers to work for $2/day slave labor just like China and that is exactly where we are headed come HELL or HIGH WATER.
Whenever you find yourself in a hole: “STOP DIGGING”.
It seems Harry Dingey and Paul Krugman (an American economist and Nobel Prize Winner) are the only two people in America to understand we have a Trade Problem with China?
Make no mistake about it the International Trade Deficit must be balanced one way or another if America is to SURVIVE as a Nation.
There are only three ways to correct this humongous Trade Imbalance.
1. Increase the American Exports by $450.6 Billion Dollars per year. We been trying to do this since 1993 and this is absolutely impossible.
Or
2. Decrease the American Imports by $450.6 Billion Dollars per year, then manufacture the merchandise in America. Paul Krugman wants to add a 25 percent Tax on all Imports and hopes this will reduce Chinese Imports over time.
Or
3. Pull out of NAFTA and the WTO. Then close the Largest Consumer Market in the World to all Imports. Do not worry about Exports and this will create well over 15.02 million Jobs instantly and probably even more.
I am suggesting we do number three. This can be done by the American President and Congress and will automatically bring the large American Manufactured Goods Trade Deficit into BALANCE almost over night.
But, they would rather keep borrowing and printing money to support the Chinese Economy and hope things get better. They are pushing on a string because you cannot have a meaningful recovery without good high paying manufacturing and construction jobs.
There is NO substitute for good High Paying Jobs.
The real question is do we want to create Good High Paying Jobs in America again or continue letting the International Companies make large Profits from cheap Chinese Slave Labor?
I CAN CREATE 15 MILLION JOBS ALMOST OVER NIGHT right here in America !!!
Here is my Job creation Computations:
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Total USA Imports in 2006:
———————————-
$ 2,211.7 billion —– Total Imports.
$ – 309.4 billion —– (Money spent on Imported Crude Oil)
————————————————–
$ 1,902.3 billion / 30 billion=63.41 million jobs lost from Imports.
==================================================
Total USA Exports in 2006:
———————————-
$ 1,451.7 Billion / 30 billion=48.39 million jobs America Created from Exports.
If USA Pulls out of NAFTA and WTO right now:
USA would absolutely gain a total of 63.41 million Jobs by Manufacturing all IMPORTS right here in the USA.
So, 63.41 minus 48.39 = 15.02 million NET JOBS GAIN. But, a lot of Exports must be purchased in the USA. That would mean an even larger number of jobs created in America than I have estimated.
Also, I should note that I have subtracted out the $309.4 billion dollars that America spent on Import Crude Oil in 2006. This is another problem that must be solved later.
My calculation means an ABSOLUTE 15.02 million Jobs gained if the rest of the world did not buy even one penny of USA EXPORTS.
SO MOTE IT BE. . . . .
Do you truly want to help straighten out the United States Government now? Then, copy and post this article everyplace on the Internet you can post.
BY: Harry Dingey
Have a good day my friends.
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