Obama says “Trust Me” on Asia Trade Pact
“When people say this trade deal is bad for working families, they don’t know what they’re talking about. My entire presidency has been about working families.” Obama
Some days you just have to shake your head when President Obama talks. He doesn’t seem to know what a “working family is,” or how badly his policies have affected them. There is a severe disconnect with reality, especially when you’re talking about a trade deal like the Asia-Pacific Trade Deal.
Asian buying habits
In Obama’s meeting with Japanese Prime Minister Shinzo Abe, the president expressed optimism that Congress would give him a green light for the pact. But he is looking at a narrow part of the picture with foreign trade- and ignoring buying habits that favor their way of life, not ours.
“If Americans can buy Kias and Hyundais, I want to see folks in South Korea driving Fords and Chevys and Chryslers…” Obama
Good luck with that. Most Asians prefer to stick with Asian car brands. Even in America where different brands are available, they generally buy Japanese cars. If you Google “Do Asians by American cars” you’ll find a very long list of websites that say that Asians prefer Asian cars. So if American car makers want their cars to sit in lots in Asian countries with no buyers in sight, Obama’s plan is a good way to do it.
More job losses?
At the time, Obama boasted that the South Korea trade deal would boost exports to that country by $10 billion a year. Since the agreement took effect in 2012, though,exports have inched up less than $1 billion. Meanwhile, U.S. imports of Korean goods have surged more than $12 billion.
While rising exports help support American jobs, rising imports can put Americans out of work.
The U.S.trade deficit with Korea has widened more than 80 percent since the trade deal took effect. Scott worries the Asia Pacific deal will bring more of the same.
All in all, the Asian Trade Deal could become a disaster for America. Obama never does any market research. Let your Congressional representatives know your feelings on the matter.