Posted under Free Trade & Globalism
If free trade purist Ron Paul and paleo-leaning Walter Jones are both against this monstrosity, then you know it is a mess.
Read this letter from the two congressmen. The sovereignty issues they point out are devastating.
Dear Colleague:
Free trade theorists such as Adam Smith and David Ricardo must be rolling in their graves to see pacts like President Obama’s Korea Agreement called “free trade.” Like the World Trade Organization (WTO) and the North American Free Trade Agreement (NAFTA), the pact, written by unelected trade bureaucrats, spans 1,000 pages.
It includes endless pages of rules and regulations enforced by foreign tribunals. This act is a sneaky form of international preemption, undermining the critical checks and balances and freedoms established by the U.S. Constitution’s reservation of many rights to the people or state governments.
And, President Obama’s Korea Agreement sets up foreign tribunals to which the United States mst submit for judgment. Foreign investors are allowed to skirt the U.S. court system to directly ue the U.S. government for trade pact violations before UN and World Bank tribunals. Those provisions enable demands by such forms for compensation in U.S. taxpayer funds for violations of the special foreign investor privileges the pact provides. There are nearly 80 Korean firms with more than 200 establishments set up in this country now that would acquire these new rights to raid our Treasury using foreign tribunals.
We urge you to oppose President Obama’s Korea Agreement.
Sincerely,
Ron Paul
Walter Jones
Kyle K on 22 Dec 2010 at 11:43 pm #
Its not surprising too see these two isolationist wackjob nutcases come out against pro-growth capitalist free trade agreements! These same two loons along with terrorist apologist Jimmy Duncan and pathetic loser John Hostettler voted against the liberation of the Iraqi people! I’m glad the American people said a resounding no to the politics of these extremists in november by electing pro-war, pro-trade, pro-tax cuts for the rich, republicans! I hope the House takes up impeachment proceedings and railroads these lunatics right out of congress much like the anti-semite liberal democrat loon James Traficant!
JKR on 22 Dec 2010 at 11:50 pm #
Kyle, is that SUPPOSED to be satire? Because it sure reads like satire…..
It is nice some of our politicians still care about sovereignity. Can’t imagine why I always thought it should be a no brainer. I mean, besides that oath of office thing.
Nate on 23 Dec 2010 at 8:01 am #
I miss the Walter Jones back of the good ole “freedom fries” days. He really want off the deep end somewhere along the line though. Quite a shame really.
Tweets that mention Ron Paul and Walter Jones Come Out Against KORUS FTA | Conservative Heritage Times -- Topsy.com on 23 Dec 2010 at 6:25 pm #
[...] This post was mentioned on Twitter by David Lindsay, Pete Drake. Pete Drake said: Ron Paul and Walter Jones Come Out Against KORUS FTA …: If free trade purist Ron Paul and paleo-leaning Walter… http://bit.ly/hsBki7 [...]
David Lindsay on 23 Dec 2010 at 8:57 pm #
Following the triumphant ratification of the Nixonian, Reaganesque New START, next on the populist-paleocon joint agenda is the non-ratification of KORUS. Where is the Democratic primary challenger who will embody this new alliance?
roho76 on 29 Dec 2010 at 3:05 pm #
What a joke. Have we not learned anything from all the other “free trade” agreements? This means free trade for them and expense, “jump through multiple hoops while making back room deals through lobbying cartels” for us. Another stab in the side of the American workforce. Why don’t we call it what it is, more destruction of our manufacturing base to a one sided trade agreement. Anybody who advocates these policies are the legislative equivalent of a “deer in the headlights” and should stop and educate themselves. We do not need these disastrous policies in order to trade with Korea. I don’t understand why our politicians are hell bent on shooting our manufacturing base in the foot in this country.