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When you actually enforce trade agreements good things happen

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The background is that China was flooding the US market with cheap tires, costing thousands of American jobs and forcing factories to close. Our agreement when China joined the WTO was that we could impose a tariff when “disruptions” occurred, and this was a disruption. President Bush refused to enforce trade agreements and we suffered 8 years of job loss and factory closings, but President Obama enforced it, and we are already seeing jobs return.

via Obama Enforced Trade Agreement – Jobs Already Returning | OurFuture.org.

Bush was such a free market ideologue that he would stoop so low as to not enforce a trade agreement that happened when China entered the WTO in 2001–when he was president. Now that the agreement is actually being enforced 100 jobs are being created.

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Written by Jason Gooljar

November 30th, 2009 at 2:06 pm

Posted in Economy

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