New study says Obamatrade will cost 53,000 American manufacturing jobs every year for 10 years. It explicitly says some 537,000 American jobs will move to places like Vietnam, Japan and Malaysia, and Americans will be forced into lower-paying jobs.
President Obama will travel halfway around the world next week to sign a deal opposed by the overwhelming majority of Americans, the top candidates to succeed him in the Oval Office and most members of the president’s own party.
Though Congress has yet to approve the pact, that’s not stopping Obama from signing the Trans-Pacific Partnership, aka Obamatrade.
This sweeping international regulatory regime involves 12 nations on four continents. It would subordinate U.S. sovereignty in an economic union governed by unaccountable foreign bureaucrats.
Obamatrade is the president’s top priority and his last major legislative initiative before he leaves office.