Normally, a big Republican majority in Congress would bode well for free-trade pacts. Republicans, more than labor-union-backed Democrats, have typically been the promoters of international trade.
But these are not normal times. The new Republican majority, set to take office in January, was elected on a wave of populist tea party energy. Several dozen new members either come from the movement or were strongly supported by it. Some, in particular, represent parts of the country hit hard by the recession and struggling with a loss of manufacturing jobs.
So as President Obama seeks to nail down fixes to the long-stalled US-Korea Free Trade Agreement during his visit to Seoul, the question is, will the tea party influence in Congress help or hurt Mr. Obama’s efforts to seal the deal on trade? Trade agreements require approval by both houses of Congress
Answer by janet116 at 11:34 PM on Nov. 10, 2010
The issue is~America needs export revenue. "For companies such as UPS, Caterpillar, Boeing Co. and Citigroup Inc., getting the agreements passed would broaden access to markets abroad, with the South Korean deal alone boosting U.S. exports by $10.9 billion a year, according to the U.S. International Trade Commission. "
Answer by grlygrlz2 at 12:00 AM on Nov. 11, 2010
Answer by grlygrlz2 at 12:07 AM on Nov. 11, 2010
Answer by waldorfmom at 2:54 AM on Nov. 11, 2010
Answer by itsmesteph11 at 8:46 AM on Nov. 11, 2010