Jobs Gained or lost? Free-Trade Deals With Korea, Colombia, Panama Pass U.S. Congress


http://www.businessweek.com/news/2011-10-12/free-trade-deals-with-korea-colombia-panama-pass-u-s-congress.html

Oct. 12 (Bloomberg) — Congress cleared legislation for U.S. free-trade agreements with South Korea, Colombia and Panama that lawmakers said will boost U.S. exports by about $13 billion. The measures now go to the president.

“These free-trade agreements will give our economy a much- needed shot in the arm and create tens of thousands of American jobs,” Senator Max Baucus, the Montana Democrat who leads the Senate Finance Committee, said today in an e-mailed statement. “Passage of these agreements today is a significant victory for American workers and businesses, and will help create jobs here at home.”

The accords, reached under President George W. Bush and revised by the Obama administration, were stymied in a stalemate with Republicans over aid for workers who lose their jobs to foreign competition. President Barack Obama submitted legislation on Oct. 3 after House Speaker John Boehner, an Ohio Republican, said he would consider the worker assistance in tandem with the trade deals. The House voted 307-122 to pass the worker-aid legislation

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on October 12, 2011, in Government Trough and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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