The Phaserl


Even Mainstream Economists Starting to Admit that “Free Trade Agreements” Hurt the American Worker

from Washington’s Blog:

Trump and Sanders have whipped up a lot of popular support by opposing “free trade” agreements.

But it’s not just politics and populist sentiment … mainstream economists are starting to reconsider their blind adherence to the dogma that more globalization and bigger free trade agreement are always good.

UC Berkeley Economics professor Robert Reich – Bill Clinton’s Secretary of Labor – wrote last month:

Suppose that by enacting a particular law we’d increase the U.S. Gross Domestic Product. But almost all that growth would go to the richest 1 percent.



The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages.

This is pretty much what “free trade” has brought us over the last two decades.

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

Recent trade agreements have been wins for big corporations and Wall Street, along with their executives and major shareholders.


But those deals haven’t been wins for most Americans.

The fact is, trade agreements are no longer really about trade.

Indeed, while it’s falsely called a “trade agreement”, only 5 out of 29 of the Trans Pacific Partnership’s chapters have anything to do with trade.  And conservatives point out that even the 5 chapters on trade do not promote free trade.

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1 comment to Even Mainstream Economists Starting to Admit that “Free Trade Agreements” Hurt the American Worker

  • daddy warbucks

    “This is the same Chamber of Commerce, by the way, that, in 2009, supported Obama’s $830 billion borrow-and-spend stimulus program. If Chamber members get money, the Chamber is for it. So much for free enterprise.”


    Shame On US Chamber Of Commerce——-Shilling For ……

    Shame On US Chamber Of Commerce——-Shilling For Corporate … and debt under Obama.

    Illegal Workers And The United States Chamber Of Commerce’s … Proxy Highlight

    Jun 6, 2014 … The Chamber has been bankrolling PACs that attack candidates who won’t bend on amnesty, and they are relentless about it.

    “… a business can now hire Registered Provisional Immigrants instead of U.S. citizens and avoid triggering ObamaCare regulations and fines. ”

    Businesses don’t have to pay into Obamacare if they lay off US citizens and hire exempt ‘immigrants’ who in turn exempt the businesses, who do you think will be forced to make up the cost difference?”

    Immigration is about Obamacare, RINO and democrat campaign contributions and MORE corporate exemptions if US citizen workers are replaced with illegal invaders.

    The American middle class is being destroyed in a sustained, systematic undermining.

    If you’re any working American citizen paying taxes …

    You are not ‘exempt’ so you are required to pay into Obamacare monthly and if you need medical service, you have to pay the +/- $5,000 deductible first….yearly… also, ‘you’, through even higher monthly Obamacare payments and higher yearly deductible, will have to make up the difference for Obamacare EXEMPT congress and congressional staff, EXEMPT white house staff, EXEMPT government agencies, EXEMPT ACORN types (by whatever name they have now), exempt Obama phonies and EXEMPT illegal invaders.

    … exempt illegal invaders will have first preference for jobs and subsidized tuition:


    Gang of Eight Amnesty Bill Encourages Companies to Hire Illegal … content/ nusablog/ cchmielenski/ june-26-2013/ gang-eight-amnesty-bill-encourages-companies-hire-illegal-aliens

    Here’s the list, it’s a long list too –


    Cheesecake Factory, Hallmark, Disney, and Others Now Pushing … feere/ cheesecake-factory-hallmark-disney-and-others-now-pushing-amnesty

    Do you know a US citizen who ‘still’ works (for now) at one of these companies?

    Keep this list handy when going out for lunch, pass this information along to your ‘purchasing dept.

    Put a spot light on these CEOs, where exactly are their opulent offices?

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