From the WASHINGTON POST:
The South Korea deal has the potential to create as many as 280,000 American jobs, according to a recent assessment by the staff of the U.S. International Trade Commission, and to boost exports by more than $12 billion. Several major labor unions have warned that any gains will come at the cost of layoffs among American workers because of heightened competition from South Korean imports.
The South Korea deal is widely hailed as the most consequential trade pact since the North American Free Trade Agreement was ratified in 1994.
The House approved all three deals and was quickly followed by the Senate. Final approval of the agreements represents a victory for the Obama administration and congressional leaders in both parties, who have touted the trade pacts as a means to jump-start the flagging economy without additional government spending. Ratification of the agreements holds particular importance for President Obama, who has set a goal of doubling U.S. exports by 2015 and is facing a tough bid for reelection with unemployment stuck at 9.1 percent…
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EDITOR: This may be marginally good or marginally bad. However it was disgusting to listen to advocates speak of all of the jobs it will create without mentioning the jobs that it will eradicate. By definition, trade is a two way street.
