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View Diary: Obama: Extend middle-class tax cuts, forget borrowing for the rich (414 comments)

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  •  Ok, boned up (1+ / 0-)
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    Crazy like a fox

    What I'm seeing is that the auto industry and the beef industry in the United States are concerned that the KORUS doesn't do enough to open up Korean markets. It seems that the Obama administration is working to find a solution to solve those problems.

    There seem to be some positives: South Korea is a leading consumer, and the European Union is poised to compete heavily there. If the problems with the auto and beef markets can be sorted out, it seems prudent to strengthen trade relations in order to stimulate exports.

    Obama was critical of the version of the agreement put forward during in 2007, and said he would not support it unless it was amended to balance trade away from overly favoring Korean automakers.

    But all throughout his campaign, Obama was strongly supportive of opening trade with the world, so long as environmental, labor and quality controls were in place.

    "Take the victory and keep on marching"

    by SeattleProgressive on Sat Nov 06, 2010 at 05:45:37 PM PDT

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