The Rust Belt
I vaguely remember Barack Obama as a candidate in the Midwest railing against “free trade” on the campaign trail back in 2008. Bush had wrecked the economy. McCain stood for the continuation of his failed globalist economic policies. Obama was going to bring back all the jobs that had been sent overseas and put a chicken in every pot too.
Wasn’t that part of the Hope and Change storyline?
Not long before the election, I wrote an article about how Barack Obama’s economic advisors like Robert Reich were scaremongering in the Wall Street Journal about the nativist isolationist hatemongers in the Tea Party who posed a threat to the passage of free trade agreements.
Barack Obama has left us a present heading into the weekend: a “comprehensive free trade deal” has been reached with South Korea.
White House announced Friday night that the United States and South Korea have reached agreement on a comprehensive free trade pact that is a major objective of American business but could meet significant opposition from liberal Democrats in Congress.
The way was cleared for the deal after negotiators for the two nations reached a deal on cars, the last major obstacle to completing the agreement and sending it to Congress next year.
On a day when it was announced that the unemployment rate unexpectedly shot up from 9.6 percent to 9.8 percent in November, Obama said the Korea agreement “is an integral part of my Administration’s efforts to open foreign markets to U.S. goods and services, create jobs for American workers, farmers and businesses, and achieve our goal of doubling of U.S. exports over five years.” . . .
Next week it is back to Reid and Pelosi pushing for the DREAM Act amnesty. Maybe this is Barack Obama’s way of showing he intends to reconnect with economically distressed Midwestern White voters?
Note: Just a few weeks ago, Barack Obama was slamming the U.S. Chamber of Commerce and Wall Street for trying to manipulate the outcome of the 2010 midterm elections. Now, he is touting endorsements from the Chamber of Commerce and CEO Jamie Dimon of JPMorgan Chase for his free trade pact.