korea fta

The biggest "free trade" agreement since NAFTA is about to hit the floor of Congress.  On February 9, U.S. Trade Representative Ron Kirk testified before the House Ways & Means Committee that the White House will be submitting the Korea Free Trade Agreement for a vote within the next few weeks.

The Korea FTA was negotiated and signed in 2007, but President Bush was never able to get it through Congress. President Obama campaigned against it during his bid for the White House, but recently dusted it off and has been running with it as his own.  This despite the fact that even the federal government's own International Trade Commission (ITC) predicts that the Korea FTA will increase the overall U.S. trade deficit — meaning more job loss at a time when the country can least afford it.