What’s Wrong with Free Trade?

 Will those Mama Bears stand up for this issue?

Ross Perot called it “the giant sucking sound.” It was his opinion of the consequences of NAFTA. He told us all that the free trade agreement with Mexico and Canada would result in the loss of thousands of American jobs. He was pooh-poohed by many in the media, in government and many ordinary Americans like myself. A casual acquaintance at work, who looked and dressed like a hippy was giving me the same arguments as Mr. Perot. I told him that the only result of NAFTA would be a better life for Mexicans with no impact on the United States. They were right and I was wrong.

Companies with assembly and manufacturing plants in Mexico include, Chrysler, Technicolor, Panasonic, and Sony. Those jobs are now being fulfilled by Mexicans at salaries that are 1/5 the amount paid to Americans. Is it any wonder so many companies have located their manufacturing facilities there?

Now there are proposals for free trade agreements with other Latin American nations and South Korea. Trade with South Korea totals $68 Billion. Obama is reported to believe that the proposed agreement will result in increased exports of American goods. Some American labor unions and manufacturers are opposed. Every American should be opposed to all new free trade agreements.

Corporations and the wealthy favor those new agreements because they will be the beneficiaries. The reason is simple. Keeping American employee compensation Low is their objective. When Americans have to compete with workers in other countries they will have to reduce their pay demands to be competitive.

If Tea Party participants are looking for a cause that will attract more Americans, then this is it. Everyone understands it is all about jobs. Will those Mama Bears stand up for this issue? This really would be protecting their young!