Marcy Kaptur: “Politico recently reported that U.S. Trade Representative Michael Froman is pressing for another trade bill as soon as…”

“Politico recently reported that U.S. Trade Representative Michael Froman is pressing for another trade bill as soon as possible. This one is called the Trans-Pacific Partnership (TPP), to be signed with Asian Pacific countries, about a dozen of them. But whether it is the Obama administration, the Bush I or Bush II administration or the Clinton administration, the executive branch continues to push the same old failed trade model that puts foreign involvement and multinational interests ahead of America's workers and America's businesses. In fact, these deals have cost America millions and millions of jobs as our trade deficit continues to get worse. This TPP proposal is particularly disturbing as a new trade deal. Because, if you look at the results of the first Obama administration trade deal, the Korean deal, you will see the proof is in the pudding that things didn't get better with our economy, they actually got worse. We were told with the Korean free trade deal that America would create 70,000 jobs here at home. Guess what? The fact is, in reality, with the Korean free trade deal, America has lost another 40,000 jobs as a result of that agreement alone. That is about 4,000 jobs lost each month because of the Korean free trade deal. We were promised with the Korean deal that our economy would grow through increased exports by $10 billion to $11 billion. Guess what? In reality, U.S.…”