InvestorsHub Logo
Followers 7
Posts 6639
Boards Moderated 0
Alias Born 09/27/2001

Re: None

Wednesday, 05/28/2008 12:29:46 PM

Wednesday, May 28, 2008 12:29:46 PM

Post# of 495952
Obama abandons US economy ... for the Teamsters?
By Soren Dayton

The Wall Street Journal trashes Barack Obama's abysmal trade rhetoric:

Here's one "change" presidential candidate Barack Obama apparently believes in: higher prices. Witness his letter last week urging President George W. Bush not to submit the U.S.-South Korea free-trade agreement to Congress for ratification.

Heritage notes that this would have an impact on trade by lowering the trade deficit by between $3b and $4.5b.:

The U.S. International Trade Commission has estimated it would increase annual U.S. exports to South Korea by between $10 billion and $11 billion, and increase imports from the longtime Asian ally by between $6.4 billion and $6.9 billion.

But Obama opposes it...:

On the record so far, Mr. Obama is the most protectionist U.S. presidential candidate in decades. In February he inserted a statement opposing the Korean trade deal into the Congressional record only days before securing the endorsement of the powerful Teamsters union.

This is the same union that he also wants to end federal oversight of, even though he knows they are corrupt.

How does that help American workers or the Teamsters members who would ship those goods?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.