Obama’s Free-Trade Victory Threatens 2012 Prospects

Obama’s Free-Trade Victory Threatens 2012 Prospects

By orchestrating the passage of three NAFTA-style investor-rights agreements with South Korea, Colombia, and Panama, which passed Congress last week, President Barack Obama is promoting the loss of more U.S. jobs to low-wage sites overseas. He’s also protecting Panama’s status as a tax haven for U.S. corporations and money-laundering center for drug traffickers, leaving untouched the Colombian elite’s murderous war against unionists and opening up U.S. laws and regulations to challenges from foreign corporations.

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