On the recordOctober 11, 2011
This agreement is based on the NAFTA- style trade model that has displaced and cut hundreds of thousands of jobs in the U.S. over the last decade. According to the Economic Policy Institute, this agreement is expected to increase our trade deficit with Korea by $16.7 billion and, in turn, cost the U.S. 159,000 jobs within the first 7 years of its implementation alone. Global Trade Watch states that it is expected to increase our trade deficit in autos and auto parts by $700 million, further devastating a domestic industry that's been in decline. I'm tired of visiting places where there's grass growing in parking lots in this country where they used to make steel and they used to make automotive products. It's time that we drew the line on behalf of American jobs and American workers and defeat this trade agreement.
