by RP Siegel
SOURCE:Justmeans
DESCRIPTION:
(3BL Media/Justmeans) - President Obama would like to create more jobs for American workers. One way he is attempting to do that is by negotiating more free trade agreements. Apparently he didn’t learn anything from Bill Clinton, who pushed through the disastrous NAFTA trade bill and several others like it. Twenty years later, the consensus seems to be that NAFTA was good for corporations, but bad for jobs.
Now Obama is negotiating a new trade deal called the Trans-Pacific Partnership (TPP). The TPP would create the largest free trade area in the world. Like NAFTA it is supposed to create jobs. Nobel prize-winning economist Joseph Stiglitz doesn't think so. “There is a real risk that it will benefit the wealthiest sliver of the American and global elite at the expense of everyone else. The fact that such a plan is under consideration at all,” Stiglitz said, “is testament to how deeply inequality reverberates through our economic policies.”
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KEYWORDS: Justmeans, jobs, Recycling, President Obama, Trans-Pacific Partnership, TPP, NAFTA, California
