Lost Jobs? Deficits? Not So Fast – Trade Agreements Still Roll of the Dice

After all the shouting, are we any closer to knowing whether free trade agreements are good or bad for the country – and for your wallet?
The attempts to provide answers to those questions have been thrust into the spotlight by President Barack Obama’s futile last-minute efforts to salvage his power to preserve the ability to freely negotiate what would be the world’s largest free trade pact, the Trans-Pacific Partnership.
In the eyes of those within his own party, including House minority leader Nancy Pelosi, free trade agreements have been disastrous for ordinary Americans, hurting their wages, eroding the health of entire manufacturing sectors and putting the United States at a disadvantage against countries that engage in underhand trade practices.