Trans Pacific Partnership - LTE

The following letter written by OR Progressive Party State Council member, David Delk, was published in the Oregonian January 1, 2016, and calls for the rejection of the Trans Pacific Partnership corporate trade agreement.


Trans-Pacific Partnership:

The Oregonian editorial board thinks "it's tricky to estimate how many jobs are directly tied to trade, much less how many would be created if the (Trans-Pacific Partnership) is signed." Tricky, indeed, when you only account for part of the jobs equation. Missing from this equation is how many jobs will be destroyed as a result of this agreement.

The U.S.-South Korea trade agreement was the last to go into effect. President Obama said that because of increased export opportunities, 70,000 new jobs would be created and that our trade balance with South Korea would improve. Yet since then, our trade deficit with South Korea has grown, meaning that those new jobs never materialized. In fact, during the agreement's first three years, the trade deficit increased by $11.8 billion, meaning the loss of 75,000 good-paying American jobs.

So it is important to ask the right questions. Since the agreement will encourage off-shoring of investments and jobs and will do nothing to stop currency manipulation, the likelihood of a favorable result from the TPP corporate trade agreement is slim. The TPP should be rejected.


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