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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 07:07 PM
Original message
3 Free Trade Agreements
Edited on Thu Sep-08-11 07:11 PM by ThomWV
I am still waiting for some one to explain to me how allowing three more countries to import whatever they can make money on into this country duty free is going to create jobs here.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 07:09 PM
Response to Original message
1. The same way tax cuts for the wealthy create jobs.
Republic Party myths.
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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 07:12 PM
Response to Original message
2. Trade Adjustment Assistance is supposed to mitigate that.
But we'll see if the Congress lets it get passed. I don't see the Democrats allowing the new free trade deals without Trade Adjustment Assistance.
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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 07:38 PM
Response to Original message
3. We trade better with FTA countries than with the rest of the world.
In 2010 our total trade with the 17 countries we have FTA's with was $1.115 trillion. We had a deficit of $71.1 billion (6.5% of the total).

In 2010 our total trade with all non-FTA countries was $2.108 trillion. We had a deficit of $574.8 billion (27.3% of the total).

And we had a trade surplus in 2010 with 12 of the 17 countries we have FTA's with.

http://www.census.gov/foreign-trade/balance/index.html
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JoeyT Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-09-11 11:00 AM
Response to Reply #3
5. Does that count only finished goods or does it count finished goods and
raw materials?
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JoeyT Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-09-11 11:00 AM
Response to Reply #3
6. Dupe delete
Edited on Fri Sep-09-11 11:00 AM by JoeyT
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 08:06 PM
Response to Original message
4. It's a hoax played on the American people...
by both Parties.
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Broderick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-09-11 11:02 AM
Response to Reply #4
8. YES!
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Shagbark Hickory Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-09-11 11:01 AM
Response to Original message
7. I have no explanation for ya thom. Non whatsoever.
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