Trading Away Sovereignty
By Virgil Goode, American Conservative, March 7, 2011
Last week, the New York Times reported that Obama received received “rare bipartisan praise” from Republicans when he signed the South Korean Free Trade agreement, known as KORUS, last December. However Republicans stalled congressional approval of the agreement, largely because of “partisan feuding,” in part because Republicans want even more free trade agreements with Columbia and Panama.
While I am glad that KORUS is stalled, Republicans should oppose it on principle because it creates a globalist bureaucracy that will cost hundreds of thousands of American jobs, not because of partisan bickering over how quickly we expand these globalist agreements.
Republican supporters of KORUS claim that the agreement is about promoting capitalism, free markets, and free trade. The truth is that this agreement does not promote free markets. On the contrary, it will make American businesses more regulated.
Update: If you haven’t done so already, please sign the petition at Stop US-Korea NAFTA.