Obama Mexico Visit Spotlights 20-Yr Legacy of Job Loss from NAFTA, Pact That Obama's TPP is Modeled
http://citizen.typepad.com/eyesontrade/2014/02/obama-mexico-visit-spotlights-20-year-legacy-of-job-loss-from-nafta-the-pact-on-which-obamas-tpp-is-.html
>>>
The 20-year record of job loss and trade deficits from the North American Free Trade Agreement (NAFTA) is haunting President Barack Obamas efforts to obtain special trade authority to fast track the Trans-Pacific Partnership (TPP), said Public Citizen as it released a new report that comprehensively documents NAFTAs outcomes. Next weeks presidential trip to Mexico for a long-scheduled Three Amigos U.S.-Mexico-Canada summit will raise public attention to NAFTA, on which the TPP is modeled, which is not good news for Obamas push for the TPP and Fast Track.
Numerous polls show that opposition to NAFTA is among few issues that unite Americans across partisan and regional divides. Public ire about NAFTAs legacy of job loss and policymakers concerns about two decades of huge NAFTA trade deficits have plagued the administrations efforts to obtain Fast Track trade authority for the TPP. The TPP would expand the NAFTA model to more nations, including ultra-low-wage Vietnam. In the U.S. House of Representatives, most Democrats and a bloc of GOP have indicated opposition to Fast Track, as has Senate Majority Leader Harry Reid (D-Nev.).
>>>